Orion Results Q2 2026: Revenue, Profit and Margins

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

Latest report: Orion half-year report Jan–Jun 2026, published July 17, 2026

In Q2 2026, Orion’s revenue was €521.6 million, up 25.2% from Q2 2025. Operating profit was €176.6 million, an operating margin of 33.9% (Q2 2025: 25.1%). Net income for the period was €140.2 million and earnings per share €1.00.

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

Key figures for Q2 2026

Orion key figures, Q2 2026 vs Q2 2025
	Q2 2026	Q2 2025	Change
Revenue, €M	521.6	416.5	+25.2%
Gross profit, €M	339.9	248.3	+36.9%
Gross margin	65.2%	59.6%	+5.5 pp
Operating profit, €M	176.6	104.6	+68.8%
Operating margin	33.9%	25.1%	+8.7 pp
Net income, €M	140.2	82.5	+69.9%
Net margin	26.9%	19.8%	+7.1 pp
Earnings per share	€1.00	€0.59	+69.5%

Orion in charts

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

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

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

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

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

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

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

Orion: Earnings per share · Quarterly, EUR

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<figure><a href="https://finpendium.com/companies/orion/"><img src="https://finpendium.com/charts/orion/2026-q2/eps.svg" alt="Orion: Earnings per share, Quarterly, EUR. Source: Orion 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/orion/">Orion results on Finpendium</a></figcaption></figure>

Quarterly results

Orion quarterly results (€M unless stated)
Quarter	Revenue	Change y/y	Operating profit	Operating margin	Net income	EPS
Q2 2026	521.6	+25.2%	176.6	33.9%	140.2	€1.00
Q1 2026	417.7	+17.8%	114.8	27.5%	90.4	€0.64
Q4 2025	695.3	+60.1%	328.1	47.2%	260.5	€1.85
Q3 2025	423.2	−10.2%	121.0	28.6%	96.0	€0.68
Q2 2025	416.5	+26.9%	104.6	25.1%	82.5	€0.59
Q1 2025	354.6	+14.9%	77.9	22.0%	61.3	€0.44
Q4 2024	434.4	+35.3%	92.7	21.3%	73.4	€0.52
Q3 2024	471.3	+56.5%	202.0	42.9%	160.8	€1.14

Annual results

Orion annual results (€M unless stated)
Year	Revenue	Operating profit	Operating margin	Net income	EPS
2025	1,889.5	631.6	33.4%	500.3	€3.56
2024	1,542.4	416.6	27.0%	329.9	€2.35
2023	1,189.7	274.9	23.1%	216.8	€1.54

Revenue by business

Orion revenue by business, Q2 2026 vs Q2 2025 (€M)
Business	Q2 2026	Q2 2025	Change
Fermion	21.5	17.9	+20.1%
Animal Health	33.9	36.8	−7.9%
Branded Products	90.7	80.4	+12.8%
Innovative Medicines	241.6	146.7	+64.7%
Generics and Consumer Health	133.9	135.0	−0.8%
Other	0.0	−0.3	—

Dividends

Orion dividend per share by financial year
Financial year	Dividend per share	EPS	Payout ratio	Status	Source
2025	€1.80	€3.56	50.6%	Board proposal	Release
2024	€1.64	€2.35	69.8%	Board proposal	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 calculatorOrion in Q2 2026: 33.9%
Net margin calculatorOrion in Q2 2026: 26.9%
Gross margin calculatorOrion in Q2 2026: 65.2%
Earnings per share calculatorOrion in Q2 2026: €1.00

About Orion

Orion is a Finnish pharmaceutical company that develops, manufactures and markets human and veterinary medicines and active pharmaceutical ingredients.

Sources

Orion half-year report Jan–Jun 2026, published Jul 17, 2026
Orion interim report Jan–Mar 2026, published Apr 23, 2026
Orion financial statements release 2025, published Feb 12, 2026
Orion interim report Jan–Sep 2025, published Oct 28, 2025
Orion half-year report Jan–Jun 2025, published Jul 18, 2025
Orion interim report Jan–Mar 2025, published Apr 23, 2025
Orion financial statements release 2024, published Feb 25, 2025
Orion interim report Jan–Sep 2024, published Oct 29, 2024
Orion half-year report Jan–Jun 2024, published Aug 8, 2024

About these figures. All figures come from Orion’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.