Filing Flows › Stifel Financial (SF) › Q2 2026
Stifel Financial (SF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Stifel Financial (SF) reported revenue of $1.6B for the second quarter 2026 (Q2 2026), +10% from a year earlier and -2% from the quarter before. Operating margin was 18.3%, net earnings $226M (13.8% of revenue).
Stifel Financial, Q2 2026: revenue $1.6B (+10% year over year), operating margin 18.3%, net earnings $226M, operating cash flow $76.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -2% | +10% |
| Operating profit | $299M | -8% | +40% |
| Net earnings | $226M | -10% | +46% |
| Operating cash flow | $76.1M | — | -87% |
| Free cash flow | $61.3M | — | -90% |
What changed
Revenue was $1.6B in Q2 2026, up 10% year over year and down 2% from the previous quarter. Asset Management1 was the largest line at 28% of revenue. Investment Banking added $0.10B year over year (up 42%), 67% of the total change.
Operating profit was $0.30B, a 18.3% margin (up 3.9 points year over year). Of the extra revenue versus Q2 2025, 58% reached operating profit, above the 14% margin then. Total costs grew 5% against revenue growth of 10%. Net earnings were $0.23B, up 46% year over year. The effective tax rate was 24.4%.
Operating cash flow was $0.08B (down 87% year over year), 34% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.01B left free cash flow of $0.06B.
Questions
What was Stifel Financial's revenue in the second quarter 2026?
Stifel Financial (SF) reported revenue of $1.6B for the second quarter 2026 (Q2 2026), +10% from a year earlier and -2% from the quarter before.
Was Stifel Financial profitable in the second quarter 2026?
Operating profit was $299M (18.3% of revenue) and net earnings $226M.
Source: Stifel Financial 10-Q on SEC EDGAR.