Filing Flows › WillScot Holdings (WSC) › Q2 2026
WillScot Holdings (WSC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
WillScot Holdings (WSC) reported revenue of $612M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +12% from the quarter before. Operating margin was 19.2%, net earnings $47.0M (7.7% of revenue).
WillScot Holdings, Q2 2026: revenue $612M (+4% year over year), operating margin 19.2%, net earnings $47.0M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $612M | +12% | +4% |
| Gross profit | $306M | +7% | +3% |
| Operating profit | $117M | +22% | -7% |
| Net earnings | $47.0M | +67% | -2% |
| Operating cash flow | $162M | -15% | -21% |
| Free cash flow | $158M | -16% | -21% |
What changed
Revenue was $612.2M in Q2 2026, up 4% year over year and up 12% from the previous quarter. Modular space leasing revenue was the largest line at 42% of revenue. Delivery and installation added $27.4M year over year (up 25%), 119% of the total change. New units declined 33%.
Gross margin was 50.0%, down 0.2 points from Q2 2025. Operating profit was $117.5M, a 19.2% margin (down 2.3 points year over year). Operating profit fell $9.4M even though revenue rose $23.1M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 12% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $47.0M, down 2% year over year. The effective tax rate was 26.6%.
Operating cash flow was $162.3M (down 21% year over year), 345% of net earnings. Non-cash charges added back $23.0M of depreciation and amortization and $7.9M of share-based compensation. Working capital and other items added $84.4M. Capital expenditures of $4.7M left free cash flow of $157.5M.
Questions
What was WillScot Holdings' revenue in the second quarter 2026?
WillScot Holdings (WSC) reported revenue of $612M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +12% from the quarter before.
Was WillScot Holdings profitable in the second quarter 2026?
Operating profit was $117M (19.2% of revenue) and net earnings $47.0M.
Source: WillScot Holdings 10-Q on SEC EDGAR.