EarningsQ2 2026 Earnings Report

Fiverr International (FVRRN) Q2 2026 Earnings Report

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Previous Report: Q1 2026

MX:FVRRN Q2 2026 EPS Results

Actual EPS$9.09

Consensus EPS$9.38

Beat/MissMissed by -$0.29

One Year Ago EPS$12.54

MX:FVRRN Q2 2026 Revenue Results

Actual Revenue$1.78B

Expected Revenue$1.81B

Beat/MissMissed by -$33.16M

YoY Revenue Growth-10.00%

Earnings Announcement Details

QuarterQ2 2026

Date07/29/2026

TimeBefore Open

Conference CallWednesday, July 29, 2026

MX:FVRRN Upcoming Earnings

Fiverr International's next earnings date is estimated for November 11, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MX:FVRRN Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 29, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presents a mixed picture: solid progress on strategic initiatives (upmarket demand growth, AI services traction, improved matching/fulfillment metrics, positive adjusted EBITDA and a strong cash balance) but significant near-term headwinds (declining overall revenue, fewer active buyers, decelerating services revenue, and reduced guidance driven by LLM-related traffic loss). Management emphasizes disciplined execution and a multi-quarter transition to higher-value work.

Company Guidance

Fiverr guided Q3 2026 revenue of $80–88M (YoY -26% to -18%) and adjusted EBITDA of $8–12M (≈11.9% margin at the midpoint), and full‑year 2026 revenue of $356–372M (YoY -17% to -14%) with adjusted EBITDA of $52–62M (15.7% margin at the midpoint), while saying the marketplace transformation will take at least six quarters and full‑year free cash flow will be lower than the prior two years; the company finished Q2 with $308.5M of cash and investments and generated $13.6M of free cash flow. For context, Q2 results used in the outlook were: revenue $97.8M (down 10% YoY), adjusted EBITDA $17.5M (down 18.3%) with a 17.9% margin (‑180 bps), marketplace revenue $63.1M (down 15.5%), 2.7M active buyers (down 22% YoY), $368 spend per buyer (up 15% YoY), 28% marketplace take rate, services revenue $34.6M (up 2%, 35% of total), transactional volume down ≥10% YoY for most projects under $1,000, projects ≥$1,000 = 15% of completed‑project GOM TTM, and $1,000+ projects growing TTM (overall +13%; programming & tech +34%; graphics & design +25%).

Growth in High-Value Projects

Projects at or above $1,000 represented 15% of completed-project gross order amount (TTM) and clients completing >$1,000 projects grew 13% year-over-year (TTM); Programming & Tech and Graphics & Design >$1,000 projects grew over 25% YoY (TTM).

Strong AI Services Demand

Notable category growth: AI user-generated content video ads surged 265%, AI video ads +63%, AI mobile app development +92%, AI website development +39%, and search volume for AI voice agents +49% — signaling robust demand for advanced AI integrations.

Improving Matching and Cancellation Metrics

Early tests of live talent skill extraction resolved as much as 58% of conversation skill mismatches (from >450 mismatch events); a new graph neural network model showed a 7% decrease in cancellation rates in initial tests for dynamic matching.

Fulfillment Layer Precision

Phase one of the standardized fulfillment layer is live with initial testing showing up to 91% precision across ~84% of completed projects, providing real-time telemetry and project health signals.

Higher Spend per Buyer

Spend per buyer increased 15% year-over-year to $368, reflecting an ongoing mix shift from low-value transactional work toward higher-value engagements.

Profitability and Cash Position

Adjusted EBITDA for Q2 was $17.5 million (positive), with an adjusted EBITDA margin of 17.9%. The company finished the quarter with $308.5 million in cash and investments and generated $13.6 million in free cash flow.

Early Go-to-Market and Onboarding Wins

Semantic onboarding and corporate KYC moved into production, driving an 8% lift in new customer conversion; targeted acquisition campaigns (e.g., TikTok shops) launched to attract higher-value merchants.

MX:FVRRN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 11, 2026	2026 (Q3)	5.24 / -	13.997	―
Jul 29, 2026	2026 (Q2)	9.38 / 9.09	12.543	-27.54% (-3.45)
Apr 29, 2026	2026 (Q1)	11.22 / 11.27	11.634	-3.12% (-0.36)
Feb 18, 2026	2025 (Q4)	13.40 / 15.63	11.634	34.37% (+4.00)
Nov 05, 2025	2025 (Q3)	12.45 / 14.00	11.634	20.31% (+2.36)
Jul 30, 2025	2025 (Q2)	12.16 / 12.54	10.543	18.97% (+2.00)
May 07, 2025	2025 (Q1)	10.78 / 11.63	9.453	23.08% (+2.18)
Feb 19, 2025	2024 (Q4)	12.36 / 11.63	10.18	14.29% (+1.45)
Oct 30, 2024	2024 (Q3)	10.69 / 11.63	9.998	16.36% (+1.64)
Jul 31, 2024	2024 (Q2)	10.03 / 10.54	8.907	18.37% (+1.64)

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