Filing Flows › Tanger (SKT) › Q2 2026 › vs Q2 2025
Tanger (SKT) Q2 2026 vs Q2 2025 (year over year)
Tanger's revenue rose $15.7M (+11%) from $141M in Q2 2025 to $156M in Q2 2026. Operating margin 19.7% against 20.1% (-0.4 pts).
Tanger, Q2 2026: revenue $156M (+11% year over year), operating margin 19.7%, net earnings $33.2M, operating cash flow $93.5M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.7% | 20.1% | -0.4 pts |
| Net margin | 21.3% | 21.4% | -0.1 pts |
| Free cash flow margin | 46.8% | 46.0% | +0.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $156M | $141M | $15.7M | +11% |
| Operating profit | $30.8M | $28.3M | $2.5M | +9% |
| Costs & expenses | $126M | $112M | $13.2M | +12% |
| Pre-tax earnings | $30.8M | $28.3M | $2.5M | +9% |
| General & admin | $20.5M | $19.0M | $1.5M | +8% |
| Other operating costs | $105M | $93.4M | $11.7M | +13% |
| Income tax benefit | $3.8M | $3.0M | $815K | +27% |
| Net earnings | $33.2M | $30.1M | $3.2M | +10% |
| Minority interests | $1.4M | $1.2M | $114K | +9% |
| Depreciation & amortization | $42.0M | $36.6M | $5.4M | +15% |
| Share-based compensation | $3.6M | $3.3M | $306K | +9% |
| Working capital & other | $14.6M | $12.0M | $2.6M | +22% |
| Operating cash flow | $93.5M | $82.0M | $11.4M | +14% |
| Free cash flow (OCF − capex) | $73.2M | $64.7M | $8.5M | +13% |
| Capital expenditures | $20.2M | $17.3M | $2.9M | +17% |
Questions
How much did Tanger's revenue grow year over year in Q2 2026?
Tanger's revenue rose $15.7M (+11%) from $141M in Q2 2025 to $156M in Q2 2026. Operating margin 19.7% against 20.1% (-0.4 pts).