LyondellBasell Industries (LYB) Q2 FY2026 earnings: revenue $9.2 billion, up 19.8% on the year

LyondellBasell Industries N.V. (LYB) reported revenue of $9.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 19.8% on the same quarter a year earlier. Net income was $559 million, up 386.1% on the year, and diluted earnings per share $1.71. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue

$9.2 billion

+19.8% on the year · +27.5% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

16.8%

3.7% a year earlier

Q3 FY2024Q2 FY2026

Net income

$559 million

+386.1% on the year · +347.2% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$1.71

+402.9% on the year · +350.0% on the quarter

Q3 FY2024Q2 FY2026

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

What management said

Guidance figures: 5 new.

Net income rose to $559 million: The company reported second-quarter net income of $559 million, or $1.71 per diluted share, against $125 million in the first quarter 2026.
Identified items cut EPS by $2.59: Identified items reduced second-quarter diluted EPS by $2.59, mainly a loss on sale from the European divestiture and an O&P Americas write-down.
EBITDA reached $1.3 billion: EBITDA was $1.3 billion, or $2.1 billion excluding identified items, compared with $568 million in the first quarter 2026.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	9,177	7,197	7,658	+27.5%	+19.8%
Cost of revenue	7,139	6,496	6,871	+9.9%	+3.9%
Gross profit	2,038	701	787	+190.7%	+159.0%
Gross margin	22.2%	9.7%	10.3%
Research and development	34.0	36.0	35.0	-5.6%	-2.9%
Selling, general and administrative	387	411	435	-5.8%	-11.0%
Operating income	1,543	239	285	+545.6%	+441.4%
Operating margin	16.8%	3.3%	3.7%
Interest expense	138	138	118	0.0%	+16.9%
Pre-tax income	808	137	224	+489.8%	+260.7%
Income tax	236	-2.0	69.0		+242.0%
Effective tax rate	29.2%	-1.5%	30.8%
Net income	559	125	115	+347.2%	+386.1%
Net margin	6.1%	1.7%	1.5%
Diluted EPS	$1.71	$0.38	$0.34	+350.0%	+402.9%

$ million except per share.

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. 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
Operating cash flow	752	-269	351		+114.2%
Capital expenditure	270	269	539	+0.4%	-49.9%
Free cash flow	482	-538	-188
Free cash flow margin	5.3%	-7.5%	-2.5%
Cash from investing	-515	-279	-504
Cash from financing	-233	-236	-51.0
Depreciation and amortisation	347	342	332	+1.5%	+4.5%
Share-based compensation	19.0	47.0	20.0	-59.6%	-5.0%
Buybacks	0.0	0.0	91.0
Dividends paid	224	224	445	0.0%	-49.7%
Dividend per share	$0.69	$0.69	$1.37	0.0%	-49.6%
Shares outstanding at period end	323m	323m	322m	+0.1%	+0.4%

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
Shareholders' equity	10,671	10,040	11,909	+6.3%	-10.4%
Non-controlling interest	9.0	11.0	12.0	-18.2%	-25.0%
Redeemable equity	114	114	114	0.0%	0.0%
Debt	12,910	12,921	11,825	-0.1%	+9.2%
Operating lease liabilities	1,310	1,331	1,407	-1.6%	-6.9%
Other liabilities	9,468	9,541	10,085	-0.8%	-6.1%
Total liabilities and equity	34,482	33,958	35,352	+1.5%	-2.5%
Fixed assets	15,687	15,702	15,727	-0.1%	-0.3%
Goodwill	705	705	1,677	0.0%	-58.0%
Intangible assets	394	417	572	-5.5%	-31.1%
Investments	1,434	1,469	820	-2.4%	+74.9%
Cash and equivalents	2,630	2,635	1,700	-0.2%	+54.7%
Inventory	4,079	3,635	4,568	+12.2%	-10.7%
Other assets	9,553	9,395	10,288	+1.7%	-7.1%
Total assets	34,482	33,958	35,352	+1.5%	-2.5%

Questions

What was LyondellBasell Industries' revenue in Q2 FY2026?

LyondellBasell Industries (LYB) reported revenue of $9.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 19.8% on the same quarter a year earlier.

How much did LyondellBasell Industries earn in Q2 FY2026?

Net income for Q2 FY2026 was $559 million, up 386.1% on the year, and diluted earnings per share $1.71.

When did LyondellBasell Industries report Q2 FY2026 results?

LyondellBasell Industries filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 31 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	12,830	13,157	14,838	12,250	10,206	10,247	10,306	10,625	9,929	8,304	8,678	8,604	9,497	7,677	7,658	7,727	7,091	7,197	9,177	8,499
Cost of revenue	10,934	11,136	12,267	11,088	9,356	8,864	8,868	9,177	8,940	7,200	7,244	7,303	8,747	7,128	6,871	6,821	6,756	6,496	7,139	7,003
Gross profit	1,896	2,021	2,571	1,162	850	1,383	1,438	1,448	989	1,104	1,434	1,301	750	549	787	906	335	701	2,038	1,496
Gross margin	15%	15%	17%	9%	8%	13%	14%	14%	10%	13%	17%	15%	8%	7%	10%	12%	5%	10%	22%	18%
R&D	33.0	32.0	32.0	31.0	29.0	33.0	32.0	31.0	34.0	32.0	33.0	31.0	39.0	34.0	35.0	34.0	33.0	36.0	34.0	35.0
SG&A	328	328	329	319	334	385	395	378	399	421	402	400	426	401	435	401	373	411	387	394
Operating income	911	1,661	2,141	812	487	713	1,011	1,014	315	651	999	865	-659	114	285	-731	-88.0	239	1,543	1,067
Operating margin	7%	13%	14%	7%	5%	7%	10%	10%	3%	8%	12%	10%	-7%	1%	4%	-9%	-1%	3%	17%	13%
Interest expense	153	74.0	58.0	70.0	85.0	116	115	125	121	127	120	118	116	107	118	130	132	138	138	138
Pre-tax income	866	1,637	2,023	727	389	642	905	901	179	543	1,199	777	-878	59.0	224	-856	-142	137	808	963
Tax rate	16%	19%	19%	21%	9%	26%	21%	17%	-4%	20%	21%	19%	n/a	61%	31%	n/a	n/a	-1%	29%	19%
Net income	726	1,320	1,644	572	353	474	715	747	185	473	924	573	-603	177	115	-890	-140	125	559	758
Net margin	6%	10%	11%	5%	3%	5%	7%	7%	2%	6%	11%	7%	-6%	2%	2%	-12%	-2%	2%	6%	9%
Diluted EPS	$2.18	$4.00	$4.98	$1.75	$1.07	$1.44	$2.18	$2.29	$0.56	$1.44	$2.82	$1.75	-$1.87	$0.54	$0.34	-$2.77	-$0.45	$0.38	$1.71	$2.32
Operating cash flow	3,079	1,502	1,599	1,414	1,604	482	1,290	1,666	1,504	-114	1,348	670	1,915	-579	351	983	1,507	-269	752	1,716
Capital expenditure	674	446	532	439	473	352	301	394	484	483	484	368	504	483	539	406	450	269	270	303
Free cash flow	2,405	1,056	1,067	975	1,131	130	989	1,272	1,020	-597	864	302	1,411	-1,062	-188	577	1,057	-538	482	1,413
Buybacks	385	217	45.0	158	0.0	70.0	100	41.0	0.0	0.0	75.0	42.0	78.0	110	91.0	0.0	0.0	0.0	0.0	0.0
Dividends paid	376	371	2,093	395	387	389	408	407	406	408	438	437	437	433	445	443	443	224	224	224
Shares outstanding	330m	328m	327m	326m	326m	325m	325m	324m	324m	325m	325m	325m	324m	323m	322m	322m	322m	323m	323m	323m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* 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 June 2026, filed 31 July 2026: the filing.