Filing Flows › RingCentral (RNG) › Q2 2026 › vs Q2 2025
RingCentral (RNG) Q2 2026 vs Q2 2025 (year over year)
RingCentral's revenue rose $36.6M (+6%) from $620M in Q2 2025 to $657M in Q2 2026. The biggest changes: Subscriptions +$34.9M (+6%); Other +$1.7M (+8%). Gross margin 71.9% against 71.2% (+0.7 pts).
RingCentral, Q2 2026: revenue $657M (+6% year over year), operating margin 7.7%, net earnings $39.1M, operating cash flow $206M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 71.9% | 71.2% | +0.7 pts |
| Operating margin | 7.7% | 6.0% | +1.7 pts |
| Net margin | 6.0% | 2.1% | +3.8 pts |
| Free cash flow margin | 27.4% | 23.3% | +4.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscriptions | $634M | $599M | $34.9M | +6% |
| Other | $23.4M | $21.7M | $1.7M | +8% |
| Revenue | $657M | $620M | $36.6M | +6% |
| Gross profit | $472M | $441M | $30.9M | +7% |
| Cost of revenue | $185M | $179M | $5.8M | +3% |
| Operating profit | $50.3M | $37.0M | $13.3M | +36% |
| Operating expenses | $422M | $404M | $17.5M | +4% |
| Pre-tax earnings | $42.3M | $15.7M | $26.6M | +170% |
| Other expense, net | $8.0M | $21.3M | −$13.3M | -62% |
| Research & development | $82.8M | $77.5M | $5.3M | +7% |
| Sales & marketing | $275M | $264M | $11.3M | +4% |
| General & admin | $64.3M | $63.4M | $955K | +2% |
| Net earnings | $39.1M | $13.2M | $25.9M | +196% |
| Income tax | $3.1M | $2.5M | $652K | +26% |
| Depreciation & amortization | $57.1M | $54.9M | $2.2M | +4% |
| Share-based compensation | $57.1M | $63.5M | −$6.3M | -10% |
| Working capital & other | $53.1M | $35.8M | $17.3M | +48% |
| Operating cash flow | $206M | $167M | $39.0M | +23% |
| Free cash flow (company-reported) | $180M | $144M | $35.8M | +25% |
| Capitalized expenditures | $26.2M | $23.0M | $3.2M | +14% |
Questions
How much did RingCentral's revenue grow year over year in Q2 2026?
RingCentral's revenue rose $36.6M (+6%) from $620M in Q2 2025 to $657M in Q2 2026.
What drove RingCentral's revenue change in Q2 2026?
Subscriptions +$34.9M (+6%); Other +$1.7M (+8%).