Filing Flows › Papa Johns International (PZZA) › Q2 2026 › vs Q1 2026
Papa Johns International (PZZA) Q2 2026 vs Q1 2026 (quarter over quarter)
Papa Johns International's revenue rose $3.8M (+0.8%) from $479M in Q1 2026 to $482M in Q2 2026. The biggest changes: Commissary revenues +$8.2M (+4%); Advertising funds revenue −$2.1M (-5%); Franchise royalties and fees −$993K (-2%). Operating margin 4.8% against 4.3% (+0.5 pts).
Papa Johns International, Q2 2026: revenue $482M (-9% year over year), operating margin 4.8%, net earnings $8.7M, operating cash flow $28.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.8% | 4.3% | +0.5 pts |
| Net margin | 1.8% | 1.4% | +0.4 pts |
| Free cash flow margin | 3.3% | -1.3% | +4.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Commissary revenues | $231M | $223M | $8.2M | +4% |
| Company-owned restaurant sales | $142M | $143M | −$952K | -0.7% |
| Franchise royalties and fees | $46.6M | $47.6M | −$993K | -2% |
| Advertising funds revenue | $41.4M | $43.5M | −$2.1M | -5% |
| Other revenues | $21.5M | $21.8M | −$329K | -2% |
| Revenue | $482M | $479M | $3.8M | +0.8% |
| Operating profit | $23.2M | $20.8M | $2.4M | +12% |
| Costs & expenses | $459M | $458M | $1.4M | +0.3% |
| Pre-tax earnings | $13.7M | $11.1M | $2.6M | +23% |
| Other expense, net | $9.5M | $9.7M | −$167K | -2% |
| Cost of revenue | $339M | $341M | −$1.9M | -0.5% |
| General & admin | $59.0M | $56.0M | $3.0M | +5% |
| Other operating costs | $61.2M | $61.0M | $268K | +0.4% |
| Net earnings | $8.7M | $6.9M | $1.8M | +25% |
| Income tax | $5.0M | $4.1M | $834K | +20% |
| Depreciation & amortization | $19.2M | $17.7M | $1.5M | +9% |
| Share-based compensation | $3.1M | $4.4M | −$1.4M | -31% |
| Working capital & other | $2.4M | $21.9M | −$19.5M | -89% |
| Operating cash flow | $28.6M | $7.2M | $21.4M | +296% |
| Free cash flow (OCF − capex) | $15.7M | −$6.2M | $21.9M | — |
| Capital expenditures | $12.9M | $13.5M | −$546K | -4% |
Questions
How much did Papa Johns International's revenue grow quarter over quarter in Q2 2026?
Papa Johns International's revenue rose $3.8M (+0.8%) from $479M in Q1 2026 to $482M in Q2 2026.
What drove Papa Johns International's revenue change in Q2 2026?
Commissary revenues +$8.2M (+4%); Advertising funds revenue −$2.1M (-5%); Franchise royalties and fees −$993K (-2%).