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XBP Global Holdings (XBP) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · XBP Global Holdings (XBP) Q2 2026 earnings results →
Q2 2026 Revenue up 5% year over year to $191M · 9¢ of every $1 of revenue lost · operating margin -1.9%
XBP Global Holdings made $191M in Q2 2026 (+5% Y/Y): Applied Workflow Automation $167M, Technology $24.5M. Operating margin -1.9%, net loss $16.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $191.3M in Q2 2026, up 5% year over year and down 3% from the previous quarter. Applied Workflow Automation was the largest line at 87% of revenue. Technology added $12.3M year over year (up 101%), 143% of the total change. Applied Workflow Automation declined 2%.
Gross margin was 21.5%, up 0.9 points from Q2 2025. Operating costs exceeded revenue by $3.7M, an operating margin of -1.9%. Operating expenses grew 40% against revenue growth of 5%. The quarter ended with a net loss of $16.7M, narrower than the previous quarter's $26.8M loss. Net interest and other expense of $14.7M was the main reason.
Operating cash flow was −$10.1M. Non-cash charges added back $15.3M of depreciation and amortization and $533K of share-based compensation. Working capital and other items used $9.2M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$11.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $191M | +5% | -1.9% | −$16.7M | −$10.1M |
| Q1 2026 | 10-Q | May 15, 2026 | $197M | +3% | -7.7% | −$26.8M | −$5.0M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $183M | — | -0.9% | −$6.9M | −$3.1M |
| Q1 2025 | 10-Q | May 15, 2025 | $192M | — | -0.9% | −$4.3M | −$929K |
| Q4 2024 | 10-K | Mar 19, 2025 | $209M | — | 0.5% | −$2.7M | $5.9M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About XBP Global Holdings
XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. Our proprietary platforms and agentic AI-driven automation enable our clients to entrust us with their most impactful digital transformations and mission-critical operations. Our operational foundation is further defined by deep domain expertise across industries and the public and private sectors. We possess decades of experience helping clients navigate shifting global regulatory frameworks and supporting compliance with the rigorous standards required by government entities and highly scrutinized industries, including banking, healthcare and insurance.
In its own words, from its 10-K, filed Mar 31, 2026.
XBP Global Holdings against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +10%. Operating margin: -1.9% against the peers' median 9.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XBP XBP Global Holdings | Q2 2026 | $191M | +5% | -1.9% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: XBP Global Holdings 10-Q on SEC EDGAR · CIK 1839530 · Services-Business Services, NEC
13F: who owns XBP and who is buying
More on XBP
History
Every quarter: Q2 2026 results · Q1 2026 results · Q2 2025 results · Q1 2025 results · Q4 2024 results