Filing Flows › Twfg (TWFG) › Q2 2026 › vs Q2 2025
Twfg (TWFG) Q2 2026 vs Q2 2025 (year over year)
Twfg's revenue rose $27.2M (+45%) from $60.3M in Q2 2025 to $87.5M in Q2 2026. The biggest changes: Commission income +$26.1M (+48%); Policy fees +$616K (+57%); Fee income +$347K (+9%). Operating margin 20.1% against 12.2% (+7.9 pts).
Twfg, Q2 2026: revenue $87.5M (+45% year over year), operating margin 20.1%, net earnings $2.4M, operating cash flow $9.8M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 20.1% | 12.2% | +7.9 pts |
| Net margin | 2.7% | 3.2% | -0.5 pts |
| Free cash flow margin | 4.2% | 4.7% | -0.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Contingent income | $2.2M | $2.0M | $134K | +7% |
| Branch fees | $1.5M | $1.4M | $68K | +5% |
| Other | $511K | $366K | $145K | +40% |
| Fee income | $4.2M | $3.8M | $347K | +9% |
| Commission income | $80.6M | $54.6M | $26.1M | +48% |
| Policy fees | $1.7M | $1.1M | $616K | +57% |
| License fees | $822K | $559K | $263K | +47% |
| Other income | $536K | $384K | $152K | +40% |
| Revenue | $87.5M | $60.3M | $27.2M | +45% |
| Other income, net | $695K | $2.3M | −$1.6M | -69% |
| Operating profit | $17.6M | $7.4M | $10.2M | +139% |
| Costs & expenses | $69.9M | $52.9M | $17.0M | +32% |
| Pre-tax earnings | $18.3M | $9.6M | $8.7M | +90% |
| Net earnings | $2.4M | $2.0M | $414K | +21% |
| Minority interests | $14.9M | $7.0M | $7.8M | +111% |
| Income tax | $1.0M | $620K | $411K | +66% |
| Depreciation & amortization | $7.1M | $3.9M | $3.2M | +81% |
| Share-based compensation | $1.2M | $1.5M | −$349K | -23% |
| Working capital & other | $784K | −$2.2M | $3.0M | — |
| Operating cash flow | $9.8M | $9.6M | $203K | +2% |
| Adjusted Free Cash Flow (company-reported) | $3.6M | $2.9M | $770K | +27% |
| Tax distribution to members, net | $5.7M | $6.7M | −$1.0M | -15% |
| Purchase of property and equipment | $505K | $44K | $461K | 11× |
Questions
How much did Twfg's revenue grow year over year in Q2 2026?
Twfg's revenue rose $27.2M (+45%) from $60.3M in Q2 2025 to $87.5M in Q2 2026.
What drove Twfg's revenue change in Q2 2026?
Commission income +$26.1M (+48%); Policy fees +$616K (+57%); Fee income +$347K (+9%).