Filing Flows › Prog Holdings (PRG) › Q2 2026 › vs Q1 2026
Prog Holdings (PRG) Q2 2026 vs Q1 2026 (quarter over quarter)
Prog Holdings's revenue fell $23.0M (-3%) from $743M in Q1 2026 to $720M in Q2 2026. The biggest changes: Lease revenues and fees −$47.0M (-8%); Product and service revenues +$22.1M (+21%); Other revenue +$2.0M (+5%). Operating margin 9.1% against 8.8% (+0.3 pts).
Prog Holdings, Q2 2026: revenue $720M (+22% year over year), operating margin 9.1%, net earnings $37.0M, operating cash flow $106M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 9.1% | 8.8% | +0.3 pts |
| Net margin | 5.1% | 4.9% | +0.3 pts |
| Free cash flow margin | 14.1% | 22.7% | -8.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Lease revenues and fees | $550M | $597M | −$47.0M | -8% |
| Product and service revenues | $129M | $106M | $22.1M | +21% |
| Other revenue | $41.4M | $39.4M | $2.0M | +5% |
| Revenue | $720M | $743M | −$23.0M | -3% |
| Operating profit | $65.6M | $65.3M | $321K | +0.5% |
| Costs & expenses | $654M | $677M | −$23.3M | -3% |
| Pre-tax earnings | $50.5M | $47.4M | $3.1M | +6% |
| Other expense, net | $15.2M | $17.9M | −$2.7M | -15% |
| Cost of revenue | $75.7M | $62.5M | $13.2M | +21% |
| SG&A | $128M | $132M | −$4.6M | -3% |
| Other operating costs | $451M | $483M | −$31.9M | -7% |
| Net earnings | $37.0M | $36.1M | $975K | +3% |
| Income tax | $13.4M | $11.3M | $2.1M | +18% |
| Depreciation & amortization | $11.1M | $14.2M | −$3.1M | -22% |
| Share-based compensation | $9.2M | $7.6M | $1.6M | +20% |
| Working capital & other | $49.0M | $114M | −$64.9M | -57% |
| Operating cash flow | $106M | $172M | −$65.5M | -38% |
| Free cash flow (OCF − capex) | $101M | $169M | −$67.4M | -40% |
| Capital expenditures | $5.0M | $3.1M | $1.9M | +60% |
Questions
How much did Prog Holdings's revenue grow quarter over quarter in Q2 2026?
Prog Holdings's revenue fell $23.0M (-3%) from $743M in Q1 2026 to $720M in Q2 2026.
What drove Prog Holdings's revenue change in Q2 2026?
Lease revenues and fees −$47.0M (-8%); Product and service revenues +$22.1M (+21%); Other revenue +$2.0M (+5%).