Filing Flows › Perrigo (PRGO) › Q2 2026 › vs Q2 2025
Perrigo (PRGO) Q2 2026 vs Q2 2025 (year over year)
Perrigo's revenue fell $33.5M (-3%) from $1.1B in Q2 2025 to $1.0B in Q2 2026. Gross margin 30.7% against 34.4% (-3.7 pts).
Perrigo, Q2 2026: revenue $1.0B (-3% year over year), operating margin 2.3%, net earnings $74.5M, operating cash flow $82.6M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.7% | 34.4% | -3.7 pts |
| Operating margin | 2.3% | 4.3% | -2.0 pts |
| Net margin | 7.3% | -0.8% | +8.1 pts |
| Free cash flow margin | 6.7% | 5.4% | +1.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | −$33.5M | -3% |
| Gross profit | $314M | $363M | −$49.0M | -14% |
| Cost of revenue | $709M | $693M | $15.5M | +2% |
| Other income, net | $67.9M | −$50.1M | $118M | — |
| Operating profit | $23.5M | $45.4M | −$21.9M | -48% |
| Operating expenses | $290M | $318M | −$27.1M | -9% |
| Pre-tax earnings | $91.4M | −$4.7M | $96.1M | — |
| Research & development | $23.7M | $22.0M | $1.7M | +8% |
| Sales & marketing | $130M | $136M | −$7.0M | -5% |
| General & admin | $100M | $113M | −$13.0M | -12% |
| Other operating costs | $37.2M | $46.0M | −$8.8M | -19% |
| Net earnings | $74.5M | −$8.4M | $82.9M | — |
| Income tax | $16.9M | $3.7M | $13.2M | +357% |
| Operating cash sources | $177M | $94.7M | $82.4M | +87% |
| Depreciation & amortization | $95.8M | $86.3M | $9.5M | +11% |
| Share-based compensation | $6.8M | $16.8M | −$10.0M | -60% |
| Working capital & other | $94.5M | $18.8M | $75.7M | +403% |
| Operating cash flow | $82.6M | $75.9M | $6.7M | +9% |
| Free cash flow (OCF − capex) | $68.3M | $56.7M | $11.6M | +20% |
| Capital expenditures | $14.3M | $19.2M | −$4.9M | -26% |
Questions
How much did Perrigo's revenue grow year over year in Q2 2026?
Perrigo's revenue fell $33.5M (-3%) from $1.1B in Q2 2025 to $1.0B in Q2 2026. Gross margin 30.7% against 34.4% (-3.7 pts).