Filing Flows › W. P. Carey (WPC) › Q2 2026
W. P. Carey (WPC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
W. P. Carey (WPC) reported revenue of $461M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +1% from the quarter before. Operating margin was 35.5%, net earnings $186M (40.3% of revenue).
W. P. Carey, Q2 2026: revenue $461M (+7% year over year), operating margin 35.5%, net earnings $186M, operating cash flow $333M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $461M | +1% | +7% |
| Operating profit | $164M | -18% | -26% |
| Net earnings | $186M | +5% | +262% |
| Operating cash flow | $333M | +18% | -18% |
What changed
Revenue was $461.1M in Q2 2026, up 7% year over year and up 1% from the previous quarter. Owned Real Estate Segment was the largest line at 100% of revenue. Owned Real Estate Segment added $31.3M year over year (up 7%), 103% of the total change. Asset management revenue declined 70%.
Operating profit was $163.5M, a 35.5% margin (down 16.2 points year over year). Operating profit fell $59.0M even though revenue rose $30.3M versus Q2 2025, so costs grew faster than sales. Total costs grew 43% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+47%). Net earnings were $185.4M, up 262% year over year. The effective tax rate was 6.6%.
Operating cash flow was $333.1M (down 18% year over year), 179% of net earnings. Non-cash charges added back $138.1M of depreciation and amortization and $13.9M of share-based compensation.
Questions
What was W. P. Carey's revenue in the second quarter 2026?
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Was W. P. Carey profitable in the second quarter 2026?
Operating profit was $164M (35.5% of revenue) and net earnings $186M.
Source: W. P. Carey 10-Q on SEC EDGAR.