Filing Flows › Veralto (VLTO) › Q2 2026 › vs Q2 2025
Veralto (VLTO) Q2 2026 vs Q2 2025 (year over year)
Veralto's revenue rose $103M (+8%) from $1.4B in Q2 2025 to $1.5B in Q2 2026. The biggest changes: Recurring +$74.0M (+9%); Nonrecurring +$29.0M (+5%). Gross margin 61.2% against 60.0% (+1.2 pts).
Veralto, Q2 2026: revenue $1.5B (+8% year over year), operating margin 21.4%, net earnings $241M, operating cash flow $340M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 61.2% | 60.0% | +1.2 pts |
| Operating margin | 21.4% | 22.8% | -1.5 pts |
| Net margin | 16.4% | 16.2% | +0.2 pts |
| Free cash flow margin | 22.3% | 23.6% | -1.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Recurring | $915M | $841M | $74.0M | +9% |
| Nonrecurring | $559M | $530M | $29.0M | +5% |
| Revenue | $1.5B | $1.4B | $103M | +8% |
| Gross profit | $902M | $822M | $80.0M | +10% |
| Cost of revenue | $572M | $549M | $23.0M | +4% |
| Operating profit | $315M | $313M | $2.0M | +0.6% |
| Operating expenses | $587M | $509M | $78.0M | +15% |
| Pre-tax earnings | $289M | $285M | $4.0M | +1% |
| Other expense, net | $26.0M | $28.0M | −$2.0M | -7% |
| Research & development | $73.0M | $67.0M | $6.0M | +9% |
| SG&A | $514M | $442M | $72.0M | +16% |
| Net earnings | $241M | $222M | $19.0M | +9% |
| Income tax | $48.0M | $63.0M | −$15.0M | -24% |
| Depreciation & amortization | $29.0M | $19.0M | $10.0M | +53% |
| Share-based compensation | $24.0M | $24.0M | $0 | 0% |
| Working capital & other | $46.0M | $74.0M | −$28.0M | -38% |
| Operating cash flow | $340M | $339M | $1.0M | +0.3% |
| Free cash flow (OCF − capex) | $328M | $323M | $5.0M | +2% |
| Capital expenditures | $12.0M | $16.0M | −$4.0M | -25% |
Questions
How much did Veralto's revenue grow year over year in Q2 2026?
Veralto's revenue rose $103M (+8%) from $1.4B in Q2 2025 to $1.5B in Q2 2026.
What drove Veralto's revenue change in Q2 2026?
Recurring +$74.0M (+9%); Nonrecurring +$29.0M (+5%).