Filing Flows › PVH (PVH) › Q2 FY26
PVH (PVH) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 5, 2025
PVH (PVH) reported revenue of $2.2B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and +9% from the quarter before. Operating margin was 6.1%, net earnings $224M (10.3% of revenue).
PVH, Q2 FY26: revenue $2.2B (+4% year over year), operating margin 6.1%, net earnings $224M, operating cash flow $213M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +9% | +4% |
| Gross profit | $1.3B | +8% | +0.4% |
| Operating profit | $133M | — | -23% |
| Net earnings | $224M | — | +42% |
| Operating cash flow | $213M | — | -27% |
| Free cash flow | $182M | — | -29% |
What changed
Revenue was $2.2B in Q2 FY26, up 4% year over year and up 9% from the previous quarter. Tommy Hilfiger was the largest line at 52% of revenue. Calvin Klein added $0.05B year over year (up 5%), 53% of the total change.
Gross margin was 57.7%, down 2.3 points from a year earlier. Operating profit was $0.13B, a 6.1% margin (down 2.2 points year over year). Operating profit fell $0.04B even though revenue rose $0.09B versus a year earlier, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 4%. Net earnings were $0.22B, up 42% year over year. The tax line was a benefit of $0.11B on pre-tax earnings of $0.11B.
Operating cash flow was $0.21B (down 27% year over year), 95% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.03B left free cash flow of $0.18B.
Questions
What was PVH's revenue in the second quarter fiscal 2026?
PVH (PVH) reported revenue of $2.2B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and +9% from the quarter before.
Was PVH profitable in the second quarter fiscal 2026?
Operating profit was $133M (6.1% of revenue) and net earnings $224M.
Source: PVH 10-Q on SEC EDGAR.