Filing Flows › PPG Industries (PPG) › Q2 2026 › vs Q2 2025
PPG Industries (PPG) Q2 2026 vs Q2 2025 (year over year)
PPG Industries's revenue rose $300M (+7%) from $4.2B in Q2 2025 to $4.5B in Q2 2026. The biggest changes: Industrial Coatings +$113M (+7%); Performance Coatings +$107M (+7%); Global Architectural Coatings +$80.0M (+8%). Operating margin 16.5% against 17.7% (-1.2 pts).
PPG Industries, Q2 2026: revenue $4.5B (+7% year over year), operating margin 16.5%, net earnings $437M, operating cash flow $559M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 16.5% | 17.7% | -1.2 pts |
| Net margin | 9.7% | 10.7% | -1.0 pts |
| Free cash flow margin | 9.9% | 6.3% | +3.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Industrial Coatings | $1.8B | $1.7B | $113M | +7% |
| Performance Coatings | $1.6B | $1.5B | $107M | +7% |
| Global Architectural Coatings | $1.1B | $1.0B | $80.0M | +8% |
| Revenue | $4.5B | $4.2B | $300M | +7% |
| Operating profit | $743M | $743M | $0 | 0% |
| Costs & expenses | $3.8B | $3.5B | $300M | +9% |
| Pre-tax earnings | $567M | $598M | −$31.0M | -5% |
| Other expense, net | $176M | $145M | $31.0M | +21% |
| Cost of revenue | $2.7B | $2.4B | $255M | +10% |
| Research & development | $107M | $106M | $1.0M | +0.9% |
| SG&A | $931M | $872M | $59.0M | +7% |
| Other operating costs | $27.0M | $42.0M | −$15.0M | -36% |
| Net earnings | $437M | $450M | −$13.0M | -3% |
| Minority interests | $3.0M | $8.0M | −$5.0M | -62% |
| Income tax | $127M | $140M | −$13.0M | -9% |
| Depreciation & amortization | $134M | $135M | −$1.0M | -0.7% |
| Share-based compensation | $16.0M | $13.0M | $3.0M | +23% |
| Working capital & other | $28.0M | $211M | −$183M | -87% |
| Operating cash flow | $559M | $387M | $172M | +44% |
| Free cash flow (OCF − capex) | $446M | $266M | $180M | +68% |
| Capital expenditures | $113M | $121M | −$8.0M | -7% |
Questions
How much did PPG Industries's revenue grow year over year in Q2 2026?
PPG Industries's revenue rose $300M (+7%) from $4.2B in Q2 2025 to $4.5B in Q2 2026.
What drove PPG Industries's revenue change in Q2 2026?
Industrial Coatings +$113M (+7%); Performance Coatings +$107M (+7%); Global Architectural Coatings +$80.0M (+8%).