Filing Flows › Papa Johns International (PZZA) › Q2 2026
Papa Johns International (PZZA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Papa Johns International (PZZA) reported revenue of $482M for the second quarter 2026 (Q2 2026), -9% from a year earlier and +0.8% from the quarter before. Operating margin was 4.8%, net earnings $8.7M (1.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $482M | +0.8% | -9% |
| Operating profit | $23.2M | +12% | -5% |
| Net earnings | $8.7M | +25% | -10% |
| Operating cash flow | $28.6M | +296% | -19% |
| Free cash flow | $15.7M | — | -10% |
What changed
Revenue was $482.4M in Q2 2026, down 9% year over year and up 1% from the previous quarter. Commissary revenues was the largest line at 48% of revenue. Company-owned restaurant sales lost $36.8M year over year (down 21%), 79% of the total change.
Operating profit was $23.2M, a 4.8% margin (up 0.2 points year over year). Total costs fell 9% while revenue fell 9%. Net earnings were $8.5M, down 10% year over year. The effective tax rate was 36.4%.
Operating cash flow was $28.6M (down 19% year over year), 329% of net earnings. Non-cash charges added back $19.2M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $2.4M. Capital expenditures of $12.9M left free cash flow of $15.7M.
Questions
What was Papa Johns International's revenue in the second quarter 2026?
Papa Johns International (PZZA) reported revenue of $482M for the second quarter 2026 (Q2 2026), -9% from a year earlier and +0.8% from the quarter before.
Was Papa Johns International profitable in the second quarter 2026?
Operating profit was $23.2M (4.8% of revenue) and net earnings $8.7M.