Filing Flows › Clear Secure (YOU) › Q2 2026 › vs Q2 2025
Clear Secure (YOU) Q2 2026 vs Q2 2025 (year over year)
Clear Secure's revenue rose $58.3M (+27%) from $219M in Q2 2025 to $278M in Q2 2026. Operating margin 29.9% against 19.4% (+10.5 pts).
Clear Secure, Q2 2026: revenue $278M (+27% year over year), operating margin 29.9%, net earnings $50.0M, operating cash flow $201M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 29.9% | 19.4% | +10.5 pts |
| Net margin | 18.0% | 11.3% | +6.8 pts |
| Free cash flow margin | 68.0% | 53.7% | +14.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $278M | $219M | $58.3M | +27% |
| Other income, net | $8.4M | $1.8M | $6.7M | +380% |
| Operating profit | $83.0M | $42.6M | $40.4M | +95% |
| Costs & expenses | $195M | $177M | $17.9M | +10% |
| Pre-tax earnings | $91.4M | $44.3M | $47.0M | +106% |
| Research & development | $17.8M | $18.2M | −$457K | -3% |
| Sales & marketing | $17.2M | $14.5M | $2.7M | +18% |
| General & admin | $65.9M | $58.5M | $7.4M | +13% |
| Other operating costs | $93.9M | $85.7M | $8.3M | +10% |
| Net earnings | $50.0M | $24.7M | $25.3M | +102% |
| Minority interests | $22.3M | $13.2M | $9.1M | +69% |
| Income tax | $19.0M | $6.4M | $12.6M | +196% |
| Depreciation & amortization | $6.7M | $6.8M | −$107K | -2% |
| Share-based compensation | $11.1M | $10.3M | $795K | +8% |
| Working capital & other | $133M | $81.2M | $52.2M | +64% |
| Operating cash flow | $201M | $123M | $78.2M | +64% |
| Free Cash Flow (company-reported) | $189M | $118M | $71.1M | +60% |
| Purchases of property and equipment | $12.2M | $5.1M | $7.1M | +141% |
Questions
How much did Clear Secure's revenue grow year over year in Q2 2026?
Clear Secure's revenue rose $58.3M (+27%) from $219M in Q2 2025 to $278M in Q2 2026. Operating margin 29.9% against 19.4% (+10.5 pts).