Fortum Results Q2 2026: Revenue, Profit and Margins

Name: Fortum quarterly results
Creator: Finpendium
License: https://creativecommons.org/licenses/by/4.0/

Latest report: Fortum half-year report Jan–Jun 2026, published July 21, 2026

In Q2 2026, Fortum’s revenue was €1,124.0 million, up 15.4% from Q2 2025. Operating profit was €90.0 million, an operating margin of 8.0% (Q2 2025: 10.7%). Net income for the period was €113.0 million and earnings per share €0.12.

Fortum: Where the revenue went, Q2 '26, EUR million. Source: Fortum half-year report Jan–Jun 2026. — Fortum: Where the revenue went · Q2 '26, EUR million

Key figures for Q2 2026

Fortum key figures, Q2 2026 vs Q2 2025
	Q2 2026	Q2 2025	Change
Revenue, €M	1,124.0	974.0	+15.4%
Operating profit, €M	90.0	104.0	−13.5%
Operating margin	8.0%	10.7%	−2.7 pp
Adjusted operating profit, €M	106.0	115.0	−7.8%
Net income, €M	113.0	106.0	+6.6%
Net margin	10.1%	10.9%	−0.8 pp
Earnings per share	€0.12	€0.12	0.0%

Fortum in charts

Fortum: From revenue to net income, Q2 '26, EUR million. Source: Fortum half-year report Jan–Jun 2026. — Fortum: From revenue to net income · Q2 '26, EUR million

Fortum: What drove the change in operating profit, Q2 '25 → Q2 '26, EUR million. Source: Fortum half-year report Jan–Jun 2026. — Fortum: What drove the change in operating profit · Q2 '25 → Q2 '26, EUR million

Fortum: Revenue by segment, Quarterly, EUR million. Source: Fortum half-year report Jan–Jun 2026. — Fortum: Revenue by segment · Quarterly, EUR million

Fortum: Profitability, Quarterly, % of revenue. Source: Fortum half-year report Jan–Jun 2026. — Fortum: Profitability · Quarterly, % of revenue

Fortum: Revenue trend, Quarterly, EUR million. Source: Fortum half-year report Jan–Jun 2026. — Fortum: Revenue trend · Quarterly, EUR million

Fortum: Operating profit trend, Quarterly, EUR million. Source: Fortum half-year report Jan–Jun 2026. — Fortum: Operating profit trend · Quarterly, EUR million

Fortum: Revenue and earnings, last twelve months, Rolling four-quarter sum, EUR million. Source: Fortum half-year report Jan–Jun 2026. — Fortum: Revenue and earnings, last twelve months · Rolling four-quarter sum, EUR million

Fortum: Earnings per share · Quarterly, EUR

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Free to use with the credit link (CC BY 4.0). The embedded chart stays as it is for Q2 2026; this page shows the latest results. Open SVG

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<figure><a href="https://finpendium.com/companies/fortum/"><img src="https://finpendium.com/charts/fortum/2026-q2/eps.svg" alt="Fortum: Earnings per share, Quarterly, EUR. Source: Fortum half-year report Jan–Jun 2026." width="800" height="366" style="max-width:100%;height:auto"></a><figcaption>Chart: <a href="https://finpendium.com/companies/fortum/">Fortum results on Finpendium</a></figcaption></figure>

Quarterly results

Fortum quarterly results (€M unless stated)
Quarter	Revenue	Change y/y	Operating profit	Operating margin	Net income	EPS
Q2 2026	1,124.0	+15.4%	90.0	8.0%	113.0	€0.12
Q1 2026	1,992.0	+21.3%	536.0	26.9%	420.0	€0.47
Q4 2025	1,444.0	+0.6%	305.0	21.1%	244.0	€0.27
Q3 2025	929.0	−15.1%	60.0	6.5%	51.0	€0.06
Q2 2025	974.0	−22.4%	104.0	10.7%	106.0	€0.12
Q1 2025	1,642.0	−18.5%	470.0	28.6%	362.0	€0.40
Q4 2024	1,435.0	−22.8%	390.0	27.2%	338.0	€0.39
Q3 2024	1,094.0	−10.3%	123.0	11.2%	133.0	€0.14

Annual results

Fortum annual results (€M unless stated)
Year	Revenue	Operating profit	Operating margin	Net income	EPS
2025	4,989.0	939.0	18.8%	763.0	€0.85
2024	5,800.0	1,325.0	22.8%	1,160.0	€1.30
2023	6,711.0	1,662.0	24.8%	−2,067.0	−€2.31

Revenue by segment

Fortum revenue by segment, Q2 2026 vs Q2 2025 (€M)
Segment	Q2 2026	Q2 2025	Change
Generation	669.0	615.0	+8.8%
Other Operations	47.0	46.0	+2.2%
Consumer Solutions	747.0	573.0	+30.4%
Eliminations	−339.0	−260.0	—

Dividends

Fortum dividend per share by financial year
Financial year	Dividend per share	EPS	Payout ratio	Status	Source
2025	€0.74	—	—	Board proposal	Release
2024	€1.40	—	—	Decided by the AGM	Release

“Board proposal” is the dividend the board proposed in the financial statements release. The annual general meeting usually approves it, but check the company’s AGM release for the final decision. Payout ratio is dividend per share divided by basic earnings per share (payout ratio calculator); N/M means not meaningful (loss).

Calculate it yourself

Operating margin calculatorFortum in Q2 2026: 8.0%
Net margin calculatorFortum in Q2 2026: 10.1%
Earnings per share calculatorFortum in Q2 2026: €0.12

About Fortum

Fortum is a Nordic energy company majority-owned by the Finnish state. It generates mainly CO2-free electricity from hydro and nuclear power and sells electricity to households and businesses.

Sources

Fortum half-year report Jan–Jun 2026, published Jul 21, 2026
Fortum interim report Jan–Mar 2026, published Apr 29, 2026
Fortum financial statements release 2025, published Feb 3, 2026
Fortum interim report Jan–Sep 2025, published Oct 29, 2025
Fortum half-year report Jan–Jun 2025, published Aug 15, 2025
Fortum interim report Jan–Mar 2025, published Apr 29, 2025
Fortum financial statements release 2024, published Feb 11, 2025
Fortum interim report Jan–Sep 2024, published Oct 29, 2024
Fortum half-year report Jan–Jun 2024, published Aug 15, 2024

About these figures. All figures come from Fortum’s published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.