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Q2 FY26 Apr 1 – Jun 30, 2026
The numbers behind the diagram
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.62 | 100% | +9% |
| Commerce enablement | 3.34 | 50% | |
| Bitcoin ecosystem | 1.89 | 29% | |
| Financial solutions | 1.38 | 21% | |
| Cost of revenue | −3.45 | 52% | |
| Gross profit | 3.17 | 48% margin | +6pp |
| R&D | −0.61 | 9% | −3pp |
| Sales & marketing | −0.67 | 10% | +1pp |
| G&A | −0.83 | 13% | +5pp |
| Other | −0.62 | 9% | |
| Operating profit | 0.45 | 7% margin | −1pp |
| Interest & other costs | −0.14 | ||
| Tax | −0.21 | ||
| Net profit | 0.09 | 1% margin | −8pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.25 | 100% | +4% |
| US | 5.69 | 91% | +3% |
| Non US | 0.56 | 9% | +12% |
| Cost of revenue | −3.38 | 54% | |
| Gross profit | 2.87 | 46% margin | +8pp |
| R&D | −0.71 | 11% | −1pp |
| Sales & marketing | −0.62 | 10% | +1pp |
| G&A | −0.51 | 8% | −4pp |
| Other | −0.54 | 9% | +0pp |
| Operating profit | 0.49 | 8% margin | +8pp |
| Interest & other costs | −0.28 | ||
| Tax | −0.09 | ||
| Net profit | 0.12 | 2% margin | −30pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.12 | 100% | +2% |
| Software & data products | 2.21 | 36% | +23% |
| Cryptocurrency denominated | 1.97 | 32% | −19% |
| Transaction | 1.87 | 31% | +9% |
| Hardware | 0.07 | 1% | +91% |
| Cost of revenue | −3.45 | 56% | |
| Gross profit | 2.66 | 44% margin | +6pp |
| R&D | −0.71 | 12% | +0pp |
| Sales & marketing | −0.60 | 10% | +1pp |
| G&A | −0.54 | 9% | +1pp |
| Other | −0.40 | 6% | |
| Operating profit | 0.41 | 7% margin | +1pp |
| Other income, net | 0.19 | ||
| Tax | −0.14 | ||
| Net profit | 0.46 | 8% margin | +3pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.05 | 100% | −2% |
| Cryptocurrency denominated | 2.14 | 35% | −18% |
| Software & data products | 2.05 | 34% | +15% |
| Transaction | 1.82 | 30% | +6% |
| Hardware | 0.04 | 1% | −6% |
| Cost of revenue | −3.52 | 58% | |
| Gross profit | 2.54 | 42% margin | +6pp |
| R&D | −0.73 | 12% | +0pp |
| Sales & marketing | −0.55 | 9% | +1pp |
| G&A | −0.45 | 7% | +0pp |
| Other | −0.33 | 6% | +0pp |
| Operating profit | 0.48 | 8% margin | +3pp |
| Other income, net | 0.18 | ||
| Tax | −0.12 | ||
| Net profit | 0.54 | 9% margin | +6pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 5.77 | 100% | −3% |
| Cryptocurrency denominated | 2.30 | 40% | −16% |
| Software & data products | 1.89 | 33% | +12% |
| Transaction | 1.55 | 27% | +3% |
| Hardware | 0.03 | 0% | −12% |
| Cost of revenue | −3.48 | 60% | |
| Gross profit | 2.29 | 40% margin | +5pp |
| R&D | −0.76 | 13% | +1pp |
| Sales & marketing | −0.50 | 9% | +1pp |
| G&A | −0.49 | 9% | +1pp |
| Other | −0.20 | 3% | +0pp |
| Operating profit | 0.33 | 6% margin | +2pp |
| Interest & other costs | −0.10 | ||
| Tax | −0.04 | ||
| Net profit | 0.19 | 3% margin | −5pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 5.98 | 100% | +6% |
| Cryptocurrency denominated | 2.43 | 41% | +0% |
| Software & data products | 1.80 | 30% | +20% |
| Transaction | 1.71 | 29% | +3% |
| Hardware | 0.04 | 0% | −13% |
| Cost of revenue | −3.73 | 62% | |
| Gross profit | 2.25 | 38% margin | +4pp |
| R&D | −0.71 | 12% | −1pp |
| Sales & marketing | −0.51 | 8% | +0pp |
| G&A | −0.48 | 8% | −1pp |
| Other | −0.23 | 4% | +0pp |
| Operating profit | 0.32 | 5% margin | +6pp |
| Tax | −0.04 | ||
| Net profit | 0.28 | 5% margin | +6pp |
Financial health
The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.
The balance sheet, capital flow, debt schedule and capital structure open with a free account.
Quarter by quarter
Every set of results we hold, newest first. Open one on its own page. The arrow beside a quarter shows it in the diagram above.
| Quarter | Period | Reported | Revenue | Year over year | Operating margin | Net profit | Net margin |
|---|---|---|---|---|---|---|---|
| Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026 Operating margin 7% Net profit $0.09B | Apr 1 – Jun 30, 2026 | Aug 5, 2026 | $6.62B | +9% | 7% | $0.09B | 1% |
| Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 26, 2026 Operating margin 8% Net profit $0.12B | Oct 1 – Dec 31, 2025 | Feb 26, 2026 | $6.25B | +4% | 8% | $0.12B | 2% |
| Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 6, 2025 Operating margin 7% Net profit $0.46B | Jul 1 – Sep 30, 2025 | Nov 6, 2025 | $6.12B | +2% | 7% | $0.46B | 8% |
| Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 7, 2025 Operating margin 8% Net profit $0.54B | Apr 1 – Jun 30, 2025 | Aug 7, 2025 | $6.05B | −2% | 8% | $0.54B | 9% |
| Q1 FY25 Jan 1 – Mar 31, 2025 reported May 1, 2025 Operating margin 6% Net profit $0.19B | Jan 1 – Mar 31, 2025 | May 1, 2025 | $5.77B | −3% | 6% | $0.19B | 3% |
| Q3 FY24 Jul 1 – Sep 30, 2024 reported Nov 7, 2024 Operating margin 5% Net profit $0.28B | Jul 1 – Sep 30, 2024 | Nov 7, 2024 | $5.98B | +6% | 5% | $0.28B | 5% |
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