Filing Flows › Penske Automotive Group (PAG) › Q2 2026 › vs Q2 2025
Penske Automotive Group (PAG) Q2 2026 vs Q2 2025 (year over year)
Penske Automotive Group's revenue rose $480M (+6%) from $8.0B in Q2 2025 to $8.5B in Q2 2026. The biggest changes: Retail automotive dealership +$413M (+6%); Commercial vehicle distribution and other +$82.7M (+41%); Retail commercial truck dealership −$15.8M (-2%). Gross margin 15.9% against 16.8% (-0.9 pts).
Penske Automotive Group, Q2 2026: revenue $8.5B (+6% year over year), operating margin 4.0%, net earnings $261M, operating cash flow $204M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 15.9% | 16.8% | -0.9 pts |
| Operating margin | 4.0% | 4.5% | -0.6 pts |
| Net margin | 3.1% | 3.3% | -0.3 pts |
| Free cash flow margin | 1.5% | 1.7% | -0.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Retail automotive dealership | $7.3B | $6.9B | $413M | +6% |
| Retail commercial truck dealership | $928M | $944M | −$15.8M | -2% |
| Commercial vehicle distribution and other | $284M | $201M | $82.7M | +41% |
| Revenue | $8.5B | $8.0B | $480M | +6% |
| Gross profit | $1.4B | $1.4B | $4.8M | +0.4% |
| Cost of revenue | $7.2B | $6.7B | $475M | +7% |
| Operating profit | $338M | $365M | −$27.7M | -8% |
| Operating expenses | $1.0B | $987M | $32.5M | +3% |
| Pre-tax earnings | $354M | $354M | $300K | +0.1% |
| SG&A | $974M | $944M | $30.2M | +3% |
| Other operating costs | $45.4M | $43.1M | $2.3M | +5% |
| Net earnings | $261M | $268M | −$6.3M | -2% |
| Income tax | $92.6M | $86.0M | $6.6M | +8% |
| Depreciation | $45.4M | $43.1M | $2.3M | +5% |
| Share-based compensation | $7.7M | $8.9M | −$1.2M | -13% |
| Working capital & other | $110M | $110M | −$100K | -0.1% |
| Operating cash flow | $204M | $209M | −$5.1M | -2% |
| Free cash flow (OCF − capex) | $132M | $138M | −$6.6M | -5% |
| Capital expenditures | $72.3M | $70.8M | $1.5M | +2% |
Questions
How much did Penske Automotive Group's revenue grow year over year in Q2 2026?
Penske Automotive Group's revenue rose $480M (+6%) from $8.0B in Q2 2025 to $8.5B in Q2 2026.
What drove Penske Automotive Group's revenue change in Q2 2026?
Retail automotive dealership +$413M (+6%); Commercial vehicle distribution and other +$82.7M (+41%); Retail commercial truck dealership −$15.8M (-2%).