Filing Flows › Stagwell (STGW) › Q2 2026
Stagwell (STGW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Stagwell (STGW) reported revenue of $786M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +12% from the quarter before. Operating margin was 1.5%, net loss $8.7M (1.1% of revenue).
Stagwell, Q2 2026: revenue $786M (+11% year over year), operating margin 1.5%, net loss $8.7M, operating cash flow $90.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $786M | +12% | +11% |
| Operating profit | $11.5M | +20% | -50% |
| Net earnings | −$8.7M | — | — |
| Operating cash flow | $90.2M | — | -21% |
| Free cash flow | $79.2M | — | -23% |
What changed
Revenue was $786.3M in Q2 2026, up 11% year over year and up 12% from the previous quarter.
Operating profit was $11.5M, a 1.5% margin (down 1.8 points year over year). Operating profit fell $11.6M even though revenue rose $79.5M versus Q2 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was General & admin (+17%). The quarter ended with a net loss of $8.7M, narrower than the previous quarter's $13.9M loss. Net interest and other expense of $20.6M was the main reason.
Operating cash flow was $90.2M (down 21% year over year). Non-cash charges added back $44.0M of depreciation and amortization and $18.6M of share-based compensation. Working capital and other items added $36.4M. Capital expenditures of $11.0M left free cash flow of $79.2M.
Questions
What was Stagwell's revenue in the second quarter 2026?
Stagwell (STGW) reported revenue of $786M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +12% from the quarter before.
Was Stagwell profitable in the second quarter 2026?
Operating profit was $11.5M (1.5% of revenue) and net loss $8.7M.
Source: Stagwell 10-Q on SEC EDGAR.