KONE Results Q2 2026: Revenue, Profit and Margins
In Q2 2026, KONE’s revenue was €2,937.6 million, up 3.1% from Q2 2025. Operating profit was €322.2 million, an operating margin of 11.0% (Q2 2025: 11.9%). Net income for the period was €240.2 million.
KONE income statement Q2 2026: where the revenue went
Of every €100 of revenue in Q2 2026, €11.0 was left as operating profit and €8.2 as net income.
Key figures for Q2 2026
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Revenue, €M | 2,937.6 | 2,850.1 | +3.1% |
| Operating profit, €M | 322.2 | 338.0 | −4.7% |
| Operating margin | 11.0% | 11.9% | −0.9 pp |
| Adjusted operating profit, €M | 369.9 | 347.2 | +6.5% |
| Net income, €M | 240.2 | 276.9 | −13.3% |
| Net margin | 8.2% | 9.7% | −1.5 pp |
KONE in charts
KONE from revenue to net income, Q2 2026
Net income was €240.2 million on revenue of €2,937.6 million, a net margin of 8.2%.
What drove KONE’s operating profit
Operating profit fell from €338.0 million in Q2 2025 to €322.2 million in Q2 2026. The chart shows which lines of the income statement made up the change.
KONE revenue by region
In Q2 2026, the largest region was Europe with 40.5% of revenue, followed by Americas (24.6% of revenue).
KONE revenue by business line
In Q2 2026, the largest business line was Service with 45.1% of revenue, followed by New Building Solutions (36.0% of revenue).
KONE profitability: profit margins by quarter
In Q2 2026, KONE’s operating margin was 11.0% (Q2 2025: 11.9%) and net margin 8.2% (Q2 2025: 9.7%). From Q1 2023 to Q2 2026, the operating margin ranged from 9.3% (Q1 2023) to 13.1% (Q4 2025).
KONE revenue growth by quarter
Revenue was €2,937.6 million in Q2 2026, up 3.1% from Q2 2025. The highest quarter from Q1 2023 to Q2 2026 was Q4 2024, with €2,975.6 million.
KONE operating profit by quarter
Operating profit was €322.2 million in Q2 2026 (Q2 2025: €338.0 million). Adjusted operating profit was €369.9 million (Q2 2025: €347.2 million).
KONE revenue and earnings, last twelve months
In the twelve months to the end of Q2 2026, revenue was €11,368.7 million (+1.0% on a year earlier) and net income €954.5 million.
KONE earnings per share (EPS)
Quarterly results
| Quarter | Revenue | Change y/y | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|---|
| Q2 2026 | 2,937.6 | +3.1% | 322.2 | 11.0% | 240.2 | — |
| Q1 2026 | 2,708.3 | +1.3% | 283.0 | 10.4% | 214.6 | — |
| Q4 2025 | 2,960.8 | −0.5% | 387.1 | 13.1% | 272.8 | — |
| Q3 2025 | 2,762.0 | +0.3% | 334.4 | 12.1% | 226.9 | €0.43 |
| Q2 2025 | 2,850.1 | +1.8% | 338.0 | 11.9% | 276.9 | €0.53 |
| Q1 2025 | 2,672.3 | +4.1% | 276.7 | 10.4% | 215.3 | €0.41 |
| Q4 2024 | 2,975.6 | +5.9% | 332.5 | 11.2% | 244.5 | €0.47 |
| Q3 2024 | 2,753.6 | +0.1% | 319.4 | 11.6% | 249.6 | €0.48 |
Annual results
| Year | Revenue | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | 11,245.2 | 1,336.2 | 11.9% | 991.9 | — |
| 2024 | 11,098.4 | 1,249.0 | 11.3% | 961.0 | €1.84 |
| 2023 | 10,952.3 | 1,200.1 | 11.0% | 931.6 | €1.79 |
Revenue by region
| Region | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| APMEA | 450.5 | 417.3 | +8.0% |
| Europe | 1,189.9 | 1,125.2 | +5.8% |
| Americas | 721.8 | 696.7 | +3.6% |
| Greater China | 575.4 | 611.0 | −5.8% |
Revenue by business line
| Business line | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Service | 1,324.4 | 1,257.3 | +5.3% |
| Modernization | 554.6 | 521.9 | +6.3% |
| New Building Solutions | 1,058.6 | 1,070.9 | −1.1% |
Dividends
| Financial year | Dividend per share | EPS | Payout ratio | Status | Source |
|---|---|---|---|---|---|
| 2025 | €1.80 | €1.89 | 95.2% | Board proposal | Release |
| 2024 | €1.80 | €1.84 | 97.8% | 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); N/M means not meaningful (loss).
Guidance vs. actual
What KONE told investors to expect in each report, and what it then reported for the year.
| Metric | Latest guidance (report) | Actual | Outcome |
|---|---|---|---|
| Revenue growth (constant currency), 2026 | 3%–6% (H1 '26) | — | Year in progress |
| Adjusted operating margin, 2026 | 12.3%–13.0% (H1 '26) | — | Year in progress |
| Revenue growth (constant currency), 2025 | 3%–5% (9M '25) | 4.0% | Within guidance |
| Adjusted operating margin, 2025 | 11.9%–12.3% (9M '25) | 12.2% | Within guidance |
Guidance and actuals are as the company reported them, on the same basis (for example adjusted, or growth at constant currency). “Within guidance” means the actual is inside the latest range or meets the stated minimum or maximum; an “about” figure allows ±5% (±0.5 percentage points for percentages). For a direction such as “flat”, a change of less than 2% (0.5 points for margins) counts as flat. Guidance changed in a separate release between reports is shown from the next report onwards.
Calculate it yourself
- Operating margin calculatorKONE in Q2 2026: 11.0%
- Net margin calculatorKONE in Q2 2026: 8.2%
About KONE
KONE is a Finnish company that makes elevators, escalators and automatic building doors, and maintains and modernizes them over their lifetime.
- KONE half-year report Jan–Jun 2026, published Jul 22, 2026
- KONE interim report Jan–Mar 2026, published Apr 29, 2026
- KONE financial statements release 2025, published Feb 6, 2026
- KONE interim report Jan–Sep 2025, published Oct 23, 2025
- KONE half-year report Jan–Jun 2025, published Jul 18, 2025
- KONE interim report Jan–Mar 2025, published Apr 30, 2025
- KONE financial statements release 2024, published Jan 30, 2025
- KONE interim report Jan–Sep 2024, published Oct 24, 2024
- KONE half-year report Jan–Jun 2024, published Jul 19, 2024
About these figures. All figures come from KONE’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.