EarningsQ2 2026 Earnings Report
MX:TREE Q2 2026 EPS Results
Actual EPS$20.96
Consensus EPS$23.96
Beat/MissMissed by -$3.00
One Year Ago EPS$11.03
MX:TREE Q2 2026 Revenue Results
Actual Revenue$5.32B
Expected Revenue$5.36B
Beat/MissMissed by -$36.32M
YoY Revenue Growth+25.31%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:TREE Upcoming Earnings
Lendingtree's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TREE Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives: double-digit revenue growth, rising adjusted EBITDA, improved efficiency via AI, robust insurance performance, meaningful free cash flow, and a materially improved leverage ratio. The primary near-term concern is a pronounced but described-as-temporary weakness in the SMB lending channel (soft merchant sentiment and Q2 underperformance), plus margin pressure in Home and some compression in insurance variable margins and rising marketing/AI costs. Management positions the SMB weakness as cyclical and already showing early signs of recovery (lender appetite returning and July strength), and the majority of other metrics and strategic initiatives are favorable.Company Guidance
Strong Top-Line and Profit Growth
Revenue increased 25% year-over-year in Q2 2026 and adjusted EBITDA rose 11% year-over-year; company notes it has roughly doubled revenue and adjusted EBITDA from 2023 to 2026.
Improving Profitability Metrics
Adjusted EBITDA as a percentage of VMD increased by 225 basis points year-over-year to 40%, moving toward the long-term target range of 45%–50%.
Insurance Segment Outperformance
Insurance revenue grew 42% year-over-year and insurance segment profit increased 25% year-over-year, driven by strong carrier demand and healthy industry profitability.
Home Business Resilience
Home revenue rose 9% year-over-year and Home segment profit increased 13% sequentially despite a challenged mortgage market.
Capital Efficiency and Balance Sheet Strength
Generated approximately $80 million in annual free cash flow after interest with minimal CapEx; net leverage improved to 1.9x from 3.0x a year ago, enabling optionality for debt paydown, buybacks, or M&A.
AI and Product Innovation Driving Efficiency and Engagement
AI-driven efficiencies kept OpEx essentially flat year-over-year while revenue grew 25%; product/AI launches in Q2 include a ChatGPT Home Loan Rate Confidence tool, 6 new consumer products, voice AI rollouts, and AI offer overviews. Homepage redesign produced an 11% increase in sessions and an 18% lift in form starts.
SMB Track Record and Early Signs of Recovery
SMB lending had averaged ~40% year-over-year profit growth since early 2024. Management reported lender appetite has largely returned and July was the best sales month since Q1, giving confidence Q2 was a trough and recovery has begun.
Guidance Context
Management and CFO reiterated a multi-year growth trajectory (nearly doubling EBITDA over 3 years) and indicated the midpoint of current guidance implies ~12% growth for the year.
MX:TREE 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