Cintas (CTAS) Q2 FY2026 earnings: revenue $2.8 billion, up 9.3% on the year
Cintas Corp. (CTAS) reported revenue of $2.8 billion for Q2 FY2026, the quarter ended 30 November 2025, up 9.3% on the same quarter a year earlier. Net income was $495 million, up 10.4% on the year, and diluted earnings per share $1.21. The figures are the company's own, from the 10-Q it filed with the SEC on 7 January 2026.
Revenue
$2.8 billion
+9.3% on the year · +3.0% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
23.4%
23.1% a year earlier
Q3 FY2024Q2 FY2026
Net income
$495 million
+10.4% on the year · +0.9% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$1.21
+11.0% on the year · +0.8% on the quarter
Q3 FY2024Q2 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 raised, 1 kept.
Revenue rose 9.3% to $2.80 billion: Acquisitions added 0.7% to growth. Organic revenue growth, adjusted for acquisitions and currency effects, was 8.6%.
Operating income up 10.9%: Operating income reached $655.7 million. Operating margin was 23.4% against 23.1%, and management described the operating margin as an all-time high.
Diluted EPS up 11.0% to $1.21: Net income was $495.3 million, up 10.4%. Diluted weighted average shares were 406.4 million against 410.7 million a year earlier.
$ 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
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
531
414
441
+28.2%
+20.3%
Capital expenditure
106
102
101
+4.2%
+4.8%
Free cash flow
425
313
340
+36.0%
+25.0%
Free cash flow margin
15.2%
11.5%
13.3%
Cash from investing
-193
-116
-235
Cash from financing
-275
-424
-184
Depreciation and amortisation
128
126
122
+1.2%
+4.7%
Share-based compensation
32.4
30.3
32.4
+6.6%
-0.2%
Buybacks
636
266
36.7
+138.8%
+1,631.0%
Dividends paid
182
158
157
+15.6%
+15.9%
Dividend per share
$0.45
$0.45
$0.39
0.0%
+15.4%
Diluted shares, weighted
406m
409m
411m
-0.7%
-1.0%
Shares outstanding at period end
400m
403m
403m
-0.8%
-0.9%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
4,455
4,756
4,293
-6.3%
+3.8%
Debt
2,977
2,437
2,658
+22.2%
+12.0%
Operating lease liabilities
207
198
142
+4.7%
+45.8%
Other liabilities
2,493
2,448
2,274
+1.9%
+9.7%
Total liabilities and equity
10,133
9,838
9,367
+3.0%
+8.2%
Fixed assets
1,703
1,677
1,591
+1.5%
+7.1%
Goodwill
3,484
3,411
3,323
+2.1%
+4.8%
Intangible assets
698
689
699
+1.2%
-0.2%
Cash and equivalents
201
138
122
+45.4%
+64.1%
Receivables
1,484
1,421
1,370
+4.5%
+8.3%
Inventory
448
450
395
-0.5%
+13.4%
Other assets
2,116
2,052
1,866
+3.1%
+13.4%
Total assets
10,133
9,838
9,367
+3.0%
+8.2%
Questions
What was Cintas' revenue in Q2 FY2026?
Cintas (CTAS) reported revenue of $2.8 billion for Q2 FY2026, the quarter ended 30 November 2025, up 9.3% on the same quarter a year earlier.
How much did Cintas earn in Q2 FY2026?
Net income for Q2 FY2026 was $495 million, up 10.4% on the year, and diluted earnings per share $1.21.
When did Cintas report Q2 FY2026 results?
Cintas filed its 10-Q for the quarter ended 30 November 2025 with the SEC on 7 January 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A 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 November 2025, filed 7 January 2026: the filing.