Filing Flows › Sally Beauty Holdings (SBH) › Q2 FY26
Sally Beauty Holdings (SBH) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 11, 2026
Sally Beauty Holdings (SBH) reported revenue of $903M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and -4% from the quarter before. Operating margin was 8.0%, net earnings $42.7M (4.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $903M | -4% | +2% |
| Gross profit | $476M | -2% | +4% |
| Operating profit | $71.9M | -5% | +4% |
| Net earnings | $42.7M | -6% | +9% |
| Operating cash flow | $73.3M | -21% | +44% |
| Free cash flow | $44.1M | -23% | +37% |
What changed
Revenue was $903.4M in Q2 FY26, up 2% year over year and down 4% from the previous quarter.
Gross margin was 52.7%, up 0.7 points from Q2 FY25. Operating profit was $71.9M, a 8.0% margin (up 0.1 points year over year). Of the extra revenue versus Q2 FY25, 13% reached operating profit, above the 8% margin then. Operating expenses grew 4% against revenue growth of 2%. Net earnings were $42.7M, up 9% year over year. The effective tax rate was 26.1%.
Operating cash flow was $73.3M (up 44% year over year), 172% of net earnings. Non-cash charges added back $25.3M of depreciation and amortization and $6.0M of share-based compensation. Capital expenditures of $29.2M left free cash flow of $44.1M.
Questions
What was Sally Beauty Holdings' revenue in the second quarter fiscal 2026?
Sally Beauty Holdings (SBH) reported revenue of $903M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and -4% from the quarter before.
Was Sally Beauty Holdings profitable in the second quarter fiscal 2026?
Operating profit was $71.9M (8.0% of revenue) and net earnings $42.7M.