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Allstate (ALL) Q2 FY2026 earnings: revenue $18.6 billion, up 11.8% on the year

Allstate Corp. (ALL) reported revenue of $18.6 billion for Q2 FY2026, the quarter ended 30 June 2026, up 11.8% on the same quarter a year earlier. Net income was $3.3 billion, up 55.1% on the year, and diluted earnings per share $12.51. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue
$18.6 billion
+11.8% on the year · +9.8% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
22.3%
10.9% a year earlier
Q3 FY2024Q2 FY2026
Net income
$3.3 billion
+55.1% on the year · +33.1% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$12.51
+61.2% on the year · +35.2% on the quarter
Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

  • Revenue and net income both rose: Revenue reached $18.6 billion, up 11.8%. Net income applicable to common shareholders was $3.2 billion, against $2.1 billion a year earlier.
  • Adjusted earnings per share rose 51%: Adjusted net income was $2.3 billion, or $8.99 per diluted share, against $5.94 a year earlier, a 51.3% increase. Six-month adjusted EPS was $19.65.
  • Property-Liability combined ratio improved: The recorded combined ratio improved on lower catastrophe losses and more favorable prior-year reserve releases.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Revenue18,59616,94116,633+9.8%+11.8%
Operating income4,1423,1081,813+33.3%+128.5%
Operating margin22.3%18.3%10.9%
Income tax871650604+34.0%+44.2%
Net income3,2712,4572,109+33.1%+55.1%
Net margin17.6%14.5%12.7%
Diluted EPS$12.51$9.25$7.76+35.2%+61.2%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow2,6343,5621,873-26.1%+40.6%
Capital expenditure43.040.0n/a+7.5%
Free cash flow2,5913,522n/a-26.4%
Free cash flow margin13.9%20.8%n/a
Cash from investing-1,161-2,627-1,208
Cash from financing-1,330-916-620
Depreciation and amortisation86.0101127-14.9%-32.3%
Buybacks1,051614340+71.2%+209.1%
Dividends paid280261265+7.3%+5.7%
Dividend per share$1.08$1.08$1.000.0%+8.0%
Diluted shares, weighted259m263m268m-1.3%-3.3%
Shares outstanding at period end254m258m264m-1.6%-3.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity33,69831,60724,019+6.6%+40.3%
Non-controlling interest-20.0-20.0-14.0
Debt7,4927,4918,087+0.0%-7.4%
Other liabilities83,58684,89483,802-1.5%-0.3%
Total liabilities and equity124,756123,972115,894+0.6%+7.6%
Fixed assets591606619-2.5%-4.5%
Goodwill3,1183,1183,1180.0%0.0%
Investmentsn/a4,7059,640
Securities held for sale or to maturity60,809n/an/a
Cash and equivalents840697995+20.5%-15.6%
Other assets59,398114,846101,522-48.3%-41.5%
Total assets124,756123,972115,894+0.6%+7.6%

Questions

What was Allstate's revenue in Q2 FY2026?

Allstate (ALL) reported revenue of $18.6 billion for Q2 FY2026, the quarter ended 30 June 2026, up 11.8% on the same quarter a year earlier.

How much did Allstate earn in Q2 FY2026?

Net income for Q2 FY2026 was $3.3 billion, up 55.1% on the year, and diluted earnings per share $12.51.

When did Allstate report Q2 FY2026 results?

Allstate filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 5 August 2026.

Quarterly results, the last 20 quarters

Q4 FY2021Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026
Revenue13,01112,33712,22013,20813,64713,78613,97914,49714,83215,25915,71416,62716,50616,45216,63317,25517,34516,94118,59617,348
Operating income1,393797-1,315-920-420-406-1,748-21.01,8271,4644301,4182,4497191,8134,0994,9223,1084,1422,617
Operating margin11%6%-11%-7%-3%-3%-13%-0%12%10%3%9%15%4%11%24%28%18%22%15%
Interest expense84.083.083.085.084.086.098.088.010797.0n/an/an/an/an/an/an/an/an/an/a
Net income817660-1,015-659-303-320-1,352-5.01,4601,2183311,1901,9285952,1093,7463,8032,4573,2712,079
Net margin6%5%-8%-5%-2%-2%-10%-0%10%8%2%7%12%4%13%22%22%15%18%12%
Diluted EPS$2.73$2.25-$3.81-$2.55-$1.17-$1.31-$5.29-$0.16$5.52$4.46$1.13$4.33$7.07$2.11$7.76$13.95$14.37$9.25$12.51$8.03
Operating cash flow8714321,6732,0469706011,1691,2331,2251,6662,3593,2011,7051,9641,8733,2842,9893,5622,6343,783
Capital expenditure59.013098.012468.079.062.055.071.041.056.063.050.092.0n/a48.089.040.043.062.0
Free cash flow8123021,5751,9229025221,1071,1781,1541,6252,3033,1381,6551,872n/a3,2362,9003,5222,5913,721
Buybacks86380268366537015315428.00.00.00.00.02.099.03403604346141,0511,239
Dividends paid235230236232228224235233233233243243243244265264263261280275
Shares outstanding281m276m271m266m263m263m262m262m262m264m264m265m265m265m264m262m260m258m254m249m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreA quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 5 August 2026: the filing.