EarningsQ2 2026 Earnings Report
DE:FCQ Q2 2026 EPS Results
Actual EPS€1.93
Consensus EPS€1.94
Beat/MissMissed by -€0.01
One Year Ago EPS€1.90
DE:FCQ Q2 2026 Revenue Results
Actual Revenue€886.67M
Expected Revenue€886.04M
Beat/MissBeat by +€635.46K
YoY Revenue Growth+5.28%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
DE:FCQ Upcoming Earnings
FTI Consulting's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:FCQ Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive operational and top-line picture — record quarterly revenues, strong segment growth (notably Tech, CorpFin transformation, and sequential Econ improvement), robust cash generation and aggressive share repurchases, and ongoing senior talent investments. Offsetting these positives are near-term margin pressures driven by higher SG&A and direct costs (including extraordinary litigation expenses), a year-over-year decline in adjusted EBITDA and margin compression, a modest lowering of GAAP EPS guidance, and uncertainty in certain regions (Middle East and short-term U.K. timing issues). Management characterized many issues as temporary and reaffirmed revenue guidance while trimming GAAP EPS guidance and flagging higher full-year SG&A.Company Guidance
Record Quarterly Revenue
Reported record Q2 revenues up 5.3% year-over-year; revenues excluding pass-through items rose 6.5%. Year-to-date revenues are up 7% (or 10% excluding Econ). Company reaffirmed full-year revenue guidance of $3.94B to $4.10B.
Strong Segment Growth
Tech revenues grew 18.4% year-over-year; CorpFin grew 8.5% year-over-year. Transformation within CorpFin grew 26% YoY and Transactions grew 10% YoY. StratComm (ex pass-through) increased 5.4% YoY.
Meaningful Sequential Improvement in Econ
Compass Lexecon (Econ) produced a strong sequential quarter with revenues up $13.2M sequentially and adjusted segment EBITDA up $14.7M sequentially, and the quarter exceeded expectations.
Strong Cash Flow and Active Share Repurchases
Net cash provided by operating activities was $152.3M versus $55.7M in Q2 2025 (≈ +173%). Repurchased 2.6M shares for $390.9M at an average price of $150.84; weighted average shares outstanding declined to 29.0M from 33.6M YoY (≈ -13.7%). Approximately $344M of repurchase capacity remained as of June 30, 2026.
Investing in Senior Talent and Headcount Growth
Billable headcount increased 3.2% YoY; SMD/MD-level headcount grew ~5% year-over-year (management noted SMD growth north of 6% YTD). Company announced 45 SMD/affiliate hires YTD and expects to onboard over 270 graduates in Q3, underscoring continued senior talent investment.
AI-Related Demand and High-Profile Engagements
Management highlighted growing AI-driven demand across practices (litigation, antitrust, cybersecurity, transactions). Notable wins include serving as a lead expert on a high-profile OpenAI matter and complex AI-related engagements, supporting future revenue opportunities.
DE:FCQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed