Filing Flows › Penske Automotive Group (PAG) › Q2 2026
Penske Automotive Group (PAG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Penske Automotive Group (PAG) reported revenue of $8.5B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +8% from the quarter before. Operating margin was 4.0%, net earnings $261M (3.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.5B | +8% | +6% |
| Gross profit | $1.4B | +4% | +0.4% |
| Operating profit | $338M | +17% | -8% |
| Net earnings | $261M | +11% | -2% |
| Operating cash flow | $204M | -5% | -2% |
| Free cash flow | $132M | -14% | -5% |
What changed
Revenue was $8.5B in Q2 2026, up 6% year over year and up 8% from the previous quarter. Retail automotive dealership was the largest line at 86% of revenue. Retail automotive dealership added $0.41B year over year (up 6%), 86% of the total change. Retail commercial truck dealership declined 2%.
Gross margin was 15.9%, down 0.9 points from a year earlier. Operating profit was $0.34B, a 4.0% margin (down 0.6 points year over year). Operating profit fell $0.03B even though revenue rose $0.48B versus a year earlier, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 6%. Net earnings were $0.26B, down 2% year over year. The effective tax rate was 26.2%.
Operating cash flow was $0.20B (down 2% year over year), 78% of net earnings. Non-cash charges added back $0.05B of depreciation and $0.01B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.07B left free cash flow of $0.13B.
Questions
What was Penske Automotive Group's revenue in the second quarter 2026?
Penske Automotive Group (PAG) reported revenue of $8.5B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +8% from the quarter before.
Was Penske Automotive Group profitable in the second quarter 2026?
Operating profit was $338M (4.0% of revenue) and net earnings $261M.