Filing Flows › Vertiv Holdings (VRT) › Q2 2026 › vs Q2 2025
Vertiv Holdings (VRT) Q2 2026 vs Q2 2025 (year over year)
Vertiv Holdings's revenue rose $636M (+24%) from $2.6B in Q2 2025 to $3.3B in Q2 2026. The biggest changes: Americas +$468M (+29%); Asia Pacific +$160M (+29%); Europe, Middle East, & Africa +$8.0M (+2%). Operating margin 19.5% against 16.8% (+2.7 pts).
Vertiv Holdings, Q2 2026: revenue $3.3B (+24% year over year), operating margin 19.5%, net earnings $498M, operating cash flow $1.1B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.5% | 16.8% | +2.7 pts |
| Net margin | 15.2% | 12.3% | +2.9 pts |
| Free cash flow margin | 28.3% | 10.5% | +17.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Americas | $2.1B | $1.6B | $468M | +29% |
| Asia Pacific | $720M | $560M | $160M | +29% |
| Europe, Middle East, & Africa | $484M | $476M | $8.0M | +2% |
| Revenue | $3.3B | $2.6B | $636M | +24% |
| Operating profit | $638M | $442M | $196M | +44% |
| Costs & expenses | $2.6B | $2.2B | $441M | +20% |
| Pre-tax earnings | $620M | $421M | $199M | +47% |
| Other expense, net | $17.9M | $21.3M | −$3.4M | -16% |
| Cost of revenue | $2.0B | $1.7B | $298M | +17% |
| SG&A | $494M | $396M | $98.8M | +25% |
| Other operating costs | $103M | $58.6M | $44.0M | +75% |
| Net earnings | $498M | $324M | $174M | +54% |
| Income tax | $122M | $96.9M | $25.3M | +26% |
| Depreciation & amortization | $116M | $73.3M | $42.5M | +58% |
| Share-based compensation | $13.8M | $13.3M | $500K | +4% |
| Working capital & other | $472M | −$87.9M | $560M | — |
| Operating cash flow | $1.1B | $323M | $777M | +241% |
| Adjusted free cash flow (company-reported) | $925M | $277M | $648M | +234% |
| Capital expenditures | $173M | $45.0M | $128M | +285% |
| Investments in capitalized software | $1.2M | $900K | $300K | +33% |
Questions
How much did Vertiv Holdings's revenue grow year over year in Q2 2026?
Vertiv Holdings's revenue rose $636M (+24%) from $2.6B in Q2 2025 to $3.3B in Q2 2026.
What drove Vertiv Holdings's revenue change in Q2 2026?
Americas +$468M (+29%); Asia Pacific +$160M (+29%); Europe, Middle East, & Africa +$8.0M (+2%).