| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.1K | 0.6% | 3.5% |
| Total Income | 1.1K | 0.6% | 3.5% |
| Expenditure | 871.70 | 2.2% | 3.6% |
| PBT | 166.82 | 7.9% | 1.5% |
| Net Profit | 124.83 | 8.1% | 1.6% |
| OPM | 20.99% | 1.25pp | 0.08pp |
| NPM | 11.31% | 1.07pp | 0.22pp |
| EPS | 0.91 | 7.1% | 4.6% |
Service Corporation International Announces Q2 2026 Financial Results, Confirms 2026 EPS Guidance, and Raises 2026 Cash Flow Guidance
30 Jul 2026 · 30 Jul, 2:04 am
Summary
Service Corporation International reported second quarter 2026 results with consolidated revenue up 4% year-over-year to $1,103.3 million. Both GAAP and adjusted earnings per share were $0.90, an increase from $0.86 and $0.88 respectively in the prior year. Net cash provided by operating activities saw a significant increase of 43% to $238.7 million. The company confirmed its 2026 earnings per share midpoint guidance and raised its 2026 cash flow guidance due to stronger cemetery preneed cash receipts.
Key Highlights
- 1
Consolidated revenue grew $37.8 million, or 4%, over the second quarter of 2025 to $1,103.3 million.
- 2
GAAP earnings per share was $0.90 compared to $0.86 in the second quarter of 2025.
- 3
Adjusted earnings per share was $0.90 compared to $0.88 in the second quarter of 2025.
- 4
Net cash provided by operating activities increased $72.2 million, or 43%, to $238.7 million in the current quarter compared to $166.5 million in the prior-year quarter.
- 5
Comparable total funeral sales average grew 3% over the second quarter of 2025.
- 6
Comparable cemetery preneed sales production increased 8% in the current quarter.
- 7
Comparable funeral preneed sales production increased 7% in the current quarter.
Management Comments
Tom Ryan
Today, we reported adjusted earnings per share of $0.90 and adjusted net cash provided by operating activities of $238.8 million, both ahead of the prior year and our expectations. Our funeral segment benefited from a continued strong average revenue per service which more than offset a better-than-expected 1% decline in funeral services performed. Our cemetery segment continued to perform well, generating 5% growth in comparable cemetery revenue. The growth was primarily driven by higher recognized preneed merchandise and service revenue, as well as higher other revenue, both of which reflected impressive earnings growth from our cemetery trust funds. Additionally, recognized preneed property revenue grew 2%, while preneed property production grew 7%. This dynamic puts temporary pressure on cemetery gross margins but expands our backlog with higher-margin deferred property sales, which will benefit us in future periods. Preneed funeral sales production also remained strong, increasing 7% on a comparable basis, reinforcing the long-term strength of our preneed strategy and helping to build our backlog of future revenue. We remain focused on executing our long-term growth strategy by growing revenue, leveraging our scale, and allocating capital in a disciplined manner to create long-term shareholder value. Our consistent cash generation continues to provide the financial flexibility to invest in strategic acquisitions, expand and develop our cemetery portfolio, pursue attractive real estate opportunities, and construct new funeral homes. Thus far this year, we returned $363 million to shareholders through dividends and share repurchases, reflecting our continued commitment to balanced capital allocation. This balanced capital allocation strategy positions us to deliver sustainable growth and create long-term shareholder value. Finally, I would like to thank our more than 25,000 associates for their unwavering commitment to serving client families with compassion, professionalism, and excellence. Their dedication is the foundation of our success and continues to distinguish SCI every day.”
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