Filing Flows › TKO Group Holdings (TKO) › Q2 2026
TKO Group Holdings (TKO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
TKO Group Holdings (TKO) reported revenue of $1.5B for the second quarter 2026 (Q2 2026), +18% from a year earlier and -3% from the quarter before. Operating margin was 27.8%, net earnings $102M (6.6% of revenue).
TKO Group Holdings, Q2 2026: revenue $1.5B (+18% year over year), operating margin 27.8%, net earnings $102M, operating cash flow $374M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -3% | +18% |
| Operating profit | $430M | +27% | +17% |
| Net earnings | $102M | +14% | +3% |
| Operating cash flow | $374M | -46% | -6% |
| Free cash flow | $350M | — | -7% |
What changed
Revenue was $1.5B in Q2 2026, up 18% year over year and down 3% from the previous quarter.
Operating profit was $0.43B, a 27.8% margin (down 0.4 points year over year). Of the extra revenue versus Q2 2025, 26% reached operating profit, below the 28% margin then. Total costs grew 19% against revenue growth of 18%. The fastest-growing cost line was SG&A (+27%). Net earnings were $0.10B, up 3% year over year. The effective tax rate was 14.9%.
Operating cash flow was $0.37B (down 6% year over year), 123% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.07B. After purchases of property, buildings and equipment and other assets ($0.02B), free cash flow as the company reports it was $0.35B.
Questions
What was TKO Group Holdings' revenue in the second quarter 2026?
TKO Group Holdings (TKO) reported revenue of $1.5B for the second quarter 2026 (Q2 2026), +18% from a year earlier and -3% from the quarter before.
Was TKO Group Holdings profitable in the second quarter 2026?
Operating profit was $430M (27.8% of revenue) and net earnings $102M.
Source: TKO Group Holdings 10-Q on SEC EDGAR.