Filing Flows › Usio (USIO) › Q2 2026 › vs Q1 2026
Usio (USIO) Q2 2026 vs Q1 2026 (quarter over quarter)
Usio's revenue fell $1.8M (-7%) from $25.5M in Q1 2026 to $23.7M in Q2 2026. The biggest changes: Output Solutions −$1.1M (-17%); Credit Card Revenue −$713K (-7%); Prepaid Card Services Revenue +$81K (+3%). Gross margin 24.2% against 20.2% (+4.0 pts).
Usio, Q2 2026: revenue $23.7M (+19% year over year), operating margin 1.6%, net earnings $280K, operating cash flow −$694K. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.2% | 20.2% | +4.0 pts |
| Operating margin | 1.6% | 0.9% | +0.7 pts |
| Net margin | 1.2% | 0.5% | +0.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Credit Card Revenue | $9.0M | $9.7M | −$713K | -7% |
| ACH and Complementary Service Revenue | $6.3M | $6.3M | $15K | +0.2% |
| Output Solutions | $5.7M | $6.8M | −$1.1M | -17% |
| Prepaid Card Services Revenue | $2.5M | $2.4M | $81K | +3% |
| Prepaid Card Services Interest Revenue | $113K | $118K | −$6K | -5% |
| ACH and Complementary Service Interest Revenue | $91K | $122K | −$31K | -26% |
| Output Solutions Interest | $47K | $44K | $3K | +7% |
| Revenue | $23.7M | $25.5M | −$1.8M | -7% |
| Gross profit | $5.7M | $5.1M | $589K | +11% |
| Cost of revenue | $18.0M | $20.3M | −$2.4M | -12% |
| Other income, net | $73K | $69K | $5K | +7% |
| Operating profit | $377K | $226K | $151K | +67% |
| Operating expenses | $5.3M | $4.9M | $438K | +9% |
| Pre-tax earnings | $450K | $294K | $156K | +53% |
| SG&A | $4.6M | $4.4M | $224K | +5% |
| Other operating costs | $769K | $555K | $213K | +38% |
| Net earnings | $280K | $123K | $158K | +129% |
| Income tax | $170K | $172K | −$2K | -1% |
| Operating cash sources | $1.7M | −$269K | $2.0M | — |
| Depreciation & amortization | $286K | $226K | $60K | +27% |
| Share-based compensation | $483K | $329K | $153K | +47% |
| Cash used in operations | $694K | −$947K | $1.6M | — |
| Working capital & other | $1.7M | −$269K | $2.0M | — |
Questions
How much did Usio's revenue grow quarter over quarter in Q2 2026?
Usio's revenue fell $1.8M (-7%) from $25.5M in Q1 2026 to $23.7M in Q2 2026.
What drove Usio's revenue change in Q2 2026?
Output Solutions −$1.1M (-17%); Credit Card Revenue −$713K (-7%); Prepaid Card Services Revenue +$81K (+3%).