Filing Flows › Valvoline (VVV) › Q2 FY26 › vs Q1 FY26
Valvoline (VVV) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Valvoline's revenue rose $42.0M (+9%) from $462M in Q1 FY26 to $504M in Q2 FY26. Gross margin 37.1% against 37.4% (-0.2 pts).
Valvoline, Q2 FY26: revenue $504M (+25% year over year), operating margin 17.1%, net earnings $44.8M, operating cash flow $95.4M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 37.1% | 37.4% | -0.2 pts |
| Operating margin | 17.1% | 4.0% | +13.1 pts |
| Net margin | 8.9% | -7.1% | +16.0 pts |
| Free cash flow margin | 7.5% | 1.6% | +5.9 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $504M | $462M | $42.0M | +9% |
| Gross profit | $187M | $172M | $14.5M | +8% |
| Cost of revenue | $317M | $289M | $27.5M | +10% |
| Operating profit | $86.0M | $18.3M | $67.7M | +370% |
| Operating expenses | $101M | $154M | −$53.2M | -35% |
| Pre-tax earnings | $59.0M | −$6.6M | $65.6M | — |
| Other expense, net | $27.0M | $24.9M | $2.1M | +8% |
| SG&A | $98.7M | $107M | −$8.1M | -8% |
| Other operating costs | $2.3M | $47.4M | −$45.1M | -95% |
| Net earnings | $44.8M | −$32.8M | $77.6M | — |
| Income tax | $14.2M | $26.2M | −$12.0M | -46% |
| Share-based compensation | $3.5M | $2.4M | $1.1M | +46% |
| Working capital & other | $47.1M | $95.2M | −$48.1M | -51% |
| Operating cash flow | $95.4M | $64.8M | $30.6M | +47% |
| Free cash flow (OCF − capex) | $37.6M | $7.4M | $30.2M | +408% |
| Capital expenditures | $57.8M | $57.4M | $400K | +0.7% |
Questions
How much did Valvoline's revenue grow quarter over quarter in Q2 FY26?
Valvoline's revenue rose $42.0M (+9%) from $462M in Q1 FY26 to $504M in Q2 FY26. Gross margin 37.1% against 37.4% (-0.2 pts).