Filing Flows › Sally Beauty Holdings (SBH) › Q2 FY26 › vs Q1 FY26
Sally Beauty Holdings (SBH) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Sally Beauty Holdings's revenue fell $39.8M (-4%) from $943M in Q1 FY26 to $903M in Q2 FY26. Gross margin 52.7% against 51.2% (+1.4 pts).
Sally Beauty Holdings, Q2 FY26: revenue $903M (+2% year over year), operating margin 8.0%, net earnings $42.7M, operating cash flow $73.3M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 52.7% | 51.2% | +1.4 pts |
| Operating margin | 8.0% | 8.1% | -0.1 pts |
| Net margin | 4.7% | 4.8% | -0.1 pts |
| Free cash flow margin | 4.9% | 6.1% | -1.2 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $903M | $943M | −$39.8M | -4% |
| Gross profit | $476M | $483M | −$7.5M | -2% |
| Cost of revenue | $428M | $460M | −$32.3M | -7% |
| Operating profit | $71.9M | $75.9M | −$4.0M | -5% |
| Operating expenses | $404M | $407M | −$3.5M | -0.9% |
| Pre-tax earnings | $57.8M | $61.3M | −$3.5M | -6% |
| Other expense, net | $14.2M | $14.6M | −$455K | -3% |
| Net earnings | $42.7M | $45.6M | −$2.9M | -6% |
| Income tax | $15.1M | $15.8M | −$687K | -4% |
| Depreciation & amortization | $25.3M | $23.6M | $1.6M | +7% |
| Share-based compensation | $6.0M | $7.6M | −$1.6M | -21% |
| Working capital & other | $664K | −$16.5M | $17.2M | — |
| Operating cash flow | $73.3M | $93.2M | −$20.0M | -21% |
| Free cash flow (OCF − capex) | $44.1M | $57.5M | −$13.3M | -23% |
| Capital expenditures | $29.2M | $35.8M | −$6.6M | -19% |
Questions
How much did Sally Beauty Holdings's revenue grow quarter over quarter in Q2 FY26?
Sally Beauty Holdings's revenue fell $39.8M (-4%) from $943M in Q1 FY26 to $903M in Q2 FY26. Gross margin 52.7% against 51.2% (+1.4 pts).