Filing Flows › Ziff Davis (ZD) › Q2 2026 › vs Q2 2025
Ziff Davis (ZD) Q2 2026 vs Q2 2025 (year over year)
Ziff Davis's revenue fell $8.1M (-3%) from $295M in Q2 2025 to $287M in Q2 2026. The biggest changes: Health & Wellness −$4.8M (-5%); Technology & Shopping −$4.0M (-5%); Gaming & Entertainment +$393K (+0.9%).
Ziff Davis, Q2 2026: revenue $287M (-3% year over year), operating margin -15.6%, net earnings $624M, operating cash flow $89.0M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 18.8% | 9.1% | +9.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Health & Wellness | $94.7M | $99.5M | −$4.8M | -5% |
| Technology & Shopping | $76.8M | $80.8M | −$4.0M | -5% |
| Cybersecurity & Martech | $68.7M | $68.3M | $355K | +0.5% |
| Gaming & Entertainment | $46.6M | $46.2M | $393K | +0.9% |
| Revenue | $287M | $295M | −$8.1M | -3% |
| Other income, net | $670M | $12.5M | $658M | 54× |
| Costs & expenses | $957M | $307M | $649M | +211% |
| Operating costs | $331M | $281M | $50.4M | +18% |
| Income tax | $941K | −$69K | $1.0M | — |
| Net earnings | $624M | $26.3M | $598M | 24× |
| Cost of revenue | $45.7M | $40.7M | $5.0M | +12% |
| Research & development | $14.4M | $14.2M | $172K | +1% |
| Sales & marketing | $122M | $127M | −$4.9M | -4% |
| General & admin | $47.5M | $48.8M | −$1.3M | -3% |
| Other operating costs | $102M | $50.3M | $51.4M | +102% |
| Operating cash sources | $684M | $95.7M | $589M | +615% |
| Depreciation & amortization | $46.9M | $57.6M | −$10.7M | -19% |
| Share-based compensation | $13.0M | $11.7M | $1.3M | +11% |
| Working capital & other | $595M | $38.6M | $557M | 15× |
| Operating cash flow | $89.0M | $57.1M | $31.9M | +56% |
| Free cash flow (OCF − capex) | $54.0M | $26.9M | $27.0M | +100% |
| Capital expenditures | $35.0M | $30.1M | $4.9M | +16% |
Questions
How much did Ziff Davis's revenue grow year over year in Q2 2026?
Ziff Davis's revenue fell $8.1M (-3%) from $295M in Q2 2025 to $287M in Q2 2026.
What drove Ziff Davis's revenue change in Q2 2026?
Health & Wellness −$4.8M (-5%); Technology & Shopping −$4.0M (-5%); Gaming & Entertainment +$393K (+0.9%).