TKO Group Holdings (TKO) Q2 FY2026 earnings: revenue $1.5 billion, up 18.2% on the year
TKO Group Holdings, Inc. (TKO) reported revenue of $1.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 18.2% on the same quarter a year earlier. Net income was $102 million, up 3.3% on the year, and diluted earnings per share $1.34. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2026.
Revenue
$1.5 billion
+18.2% on the year · -3.1% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
27.8%
28.1% a year earlier
Q3 FY2024Q2 FY2026
Net income
$102 million
+3.3% on the year · +13.7% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$1.34
+14.5% on the year · +19.6% on the quarter
Q3 FY2024Q2 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 raised.
Revenue rose 18% to $1.547 billion: Revenue increased 18%, or $238.7 million, to $1.547 billion, with increases at UFC, WWE and IMG.
Adjusted EBITDA rose 23%: Adjusted EBITDA rose 23% to $649.9 million, and the Adjusted EBITDA margin rose to 42% from 40%, with UFC, WWE and IMG all contributing.
UFC margin fell on Freedom 250: UFC Adjusted EBITDA margin fell to 52% from 59%, which management attributed entirely to the financial profile of the UFC Freedom 250 event.
$ 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
374
695
396
-46.2%
-5.6%
Cash from investing
-26.4
-21.5
-18.7
Cash from financing
-523
-128
-160
Depreciation and amortisation
98.5
144
99.4
-31.5%
-0.9%
Share-based compensation
40.4
39.6
33.0
+2.0%
+22.4%
Buybacks
129
838
n/a
-84.6%
Dividends paid
58.9
58.5
31.1
+0.7%
+89.4%
Diluted shares, weighted
76m
195m
199m
-61.0%
-61.9%
Shares outstanding at period end
189m
191m
198m
-1.0%
-4.6%
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
3,396
3,376
4,265
+0.6%
-20.4%
Non-controlling interest
4,935
5,116
6,076
-3.5%
-18.8%
Redeemable equity
34.4
34.4
21.9
0.0%
+57.4%
Debt
4,629
4,640
2,749
-0.2%
+68.4%
Operating lease liabilities
42.2
39.0
48.3
+8.4%
-12.6%
Finance lease liabilities
238
241
224
-1.0%
+6.4%
Other liabilities
2,989
2,577
1,957
+16.0%
+52.7%
Total liabilities and equity
16,264
16,023
15,342
+1.5%
+6.0%
Fixed assets
628
635
606
-1.0%
+3.6%
Goodwill
8,445
8,445
8,443
+0.0%
+0.0%
Intangible assets
3,147
3,212
3,528
-2.0%
-10.8%
Investments
128
134
123
-4.3%
+4.1%
Cash and equivalents
592
789
535
-24.9%
+10.7%
Receivables
1,060
760
634
+39.4%
+67.3%
Other assets
2,263
2,048
1,474
+10.5%
+53.6%
Total assets
16,264
16,023
15,342
+1.5%
+6.0%
Questions
What was TKO Group Holdings' revenue in Q2 FY2026?
TKO Group Holdings (TKO) reported revenue of $1.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 18.2% on the same quarter a year earlier.
How much did TKO Group Holdings earn in Q2 FY2026?
Net income for Q2 FY2026 was $102 million, up 3.3% on the year, and diluted earnings per share $1.34.
When did TKO Group Holdings report Q2 FY2026 results?
TKO Group Holdings filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 3 August 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 June 2026, filed 3 August 2026: the filing.