Jun 2026 (Q2 FY26) — Jul 28, 2026
Axalta Q2 FY26 — Record Adjusted EBITDA and EPS, Lowest Net Leverage
Read the full callAxalta (AXTA) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Axalta earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,254 | −0.6% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 11.6 | −2.3 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 90.0 | −9.1% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
27 of 34 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | approximately $0.65 | Mar 2026 | adjusted diluted EPS which improved 13% year-over-year to $0.72, exceeding our expectations | Achieved |
| Refinish volume growth | turn positive | Sep 2025 | The increase was driven by the combination of positive price mix, continued cost discipline and flat volumes in Refinish allowing us to effectively convert top line growth into higher earnings. | Missed |
| Adjusted diluted EPS | $2.55 to $2.70 per share | Dec 2025 | we believe it is prudent to maintain our previously issued full year guidance for net sales, adjusted EBITDA, adjusted diluted earnings per share and free cash flow. | On Track |
7 of Axalta Coating Systems Ltd.'s 55 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 52 more targets are in the full ledger.
Claimed
- Adjusted EBITDA increased 5% year-over-year to a record $305 million.
- Adjusted diluted EPS improved 13% year-over-year to a record $0.72.
- Net leverage ratio reached a historic low of 2.2x.
- Cash from operations was $152 million, and free cash flow was $107 million, up 7% and 6% respectively year-over-year.
- Refinish segment secured over 2,700 new body shops year-to-date, including 800 new North American locations in July.
Qualified
- Net income decreased by $21 million year-over-year to $89 million, primarily due to $31 million in transaction-related costs for the AkzoNobel merger.
- North America Industrial segment remains challenged with lower volumes, though management expects recovery.
- Geopolitical tensions in the Middle East, tariffs, and the situation in Iran continue to create uncertainty for the full-year outlook.
Price
$33.68 +0.72% · +$0.24
Performance +18.3% 1Y
1Y: $28.46 on 17 Oct 2025 → $33.68. High $38.19 (7 Aug 2026), low $25.44 (20 Mar 2026).
- Previous close
- $33.44
- 52-week range
- $25.44 – $38.19
- One year
- +18.05%
Overview
- Symbol
- AXTA
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
27 of 34 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | approximately $0.65 | Mar 2026 | adjusted diluted EPS which improved 13% year-over-year to $0.72, exceeding our expectations | Achieved |
| Refinish volume growth | turn positive | Sep 2025 | The increase was driven by the combination of positive price mix, continued cost discipline and flat volumes in Refinish allowing us to effectively convert top line growth into higher earnings. | Missed |
| Adjusted diluted EPS | $2.55 to $2.70 per share | Dec 2025 | we believe it is prudent to maintain our previously issued full year guidance for net sales, adjusted EBITDA, adjusted diluted earnings per share and free cash flow. | On Track |
Claimed
- Adjusted EBITDA increased 5% year-over-year to a record $305 million.
- Adjusted diluted EPS improved 13% year-over-year to a record $0.72.
- Net leverage ratio reached a historic low of 2.2x.
- Cash from operations was $152 million, and free cash flow was $107 million, up 7% and 6% respectively year-over-year.
- Refinish segment secured over 2,700 new body shops year-to-date, including 800 new North American locations in July.
Qualified
- Net income decreased by $21 million year-over-year to $89 million, primarily due to $31 million in transaction-related costs for the AkzoNobel merger.
- North America Industrial segment remains challenged with lower volumes, though management expects recovery.
- Geopolitical tensions in the Middle East, tariffs, and the situation in Iran continue to create uncertainty for the full-year outlook.
The full ledger
Open Axalta Coating Systems Ltd.’s full ledger
A free account opens 5 company ledgers a month. All 55 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Axalta Coating Systems Q1 FY26 — Strong Profitability and Cash Generation
Read the full callEvery analysed call
Axalta earnings calls (AXTA)
Financials
What the filings say
Net profit, year on year: −9% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,351 | 1,320 | 1,311 | 1,262 | 1,305 | 1,288 | 1,262 | 1,254 |
| Operating profit | 205 | 193 | 187 | 176 | 193 | 204 | 162 | 146 |
| Operating margin | 15.2% | 14.6% | 14.3% | 13.9% | 14.8% | 15.8% | 12.8% | 11.6% |
| Other income | 1 | 3 | -1 | -3 | -5 | -4 | -1 | -3 |
| Interest | 50 | 54 | 47 | 44 | 45 | 45 | 42 | 38 |
| Profit before tax | 156 | 142 | 139 | 129 | 143 | 155 | 119 | 105 |
| Tax rate | 27.6% | 28.2% | 1.4% | 23.3% | 23.1% | 29.0% | 49.6% | 13.3% |
| Net profit | 112 | 101 | 137 | 99 | 109 | 110 | 60 | 90 |
| EPS ($ per share) | 0.51 | 0.46 | — | 0.45 | 0.50 | 0.51 | — | 0.42 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 245 | 250 | 251 | 252 | 252 | 254 | 255 | 255 |
| Reserves | 199 | 443 | 563 | 827 | 1,019 | 1,286 | 1,677 | 2,055 |
| Total liabilities | 5,365 | 5,408 | 5,677 | 5,679 | 5,560 | 5,499 | 5,293 | 5,206 |
| Fixed assets | 1,298 | 1,223 | 1,195 | 1,186 | 1,190 | 1,204 | 1,181 | 1,299 |
| Total assets | 6,676 | 6,818 | 7,157 | 7,217 | 7,059 | 7,272 | 7,249 | 7,599 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 496 | 573 | 509 | 559 | 294 | 575 | 576 | 649 |
| Cash from investing | -189 | -94 | -61 | -716 | -106 | -206 | -440 | -212 |
| Cash from financing | -368 | -158 | -131 | -334 | -369 | -315 | -201 | -401 |
| Net cash flow | -61 | 321 | — | — | — | — | — | — |
| Capital expenditure | -143 | -112 | -82 | -122 | -151 | -138 | -140 | -196 |
| Free cash flow | 353 | 461 | 427 | 437 | 143 | 437 | 436 | 453 |
AXTA revenue by segment
Mobility Coatings grew from 34% to 35% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Performance Coatings | 66% | 64% | 65% | 64% | 64% | 63% | 64% | 65% | +4.3% |
| Mobility Coatings | 34% | 36% | 35% | 36% | 36% | 37% | 36% | 35% | +1.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- EMEA 38% ↑ 2 pt
- North America 33% ↓ 4 pt
- Asia Pacific 17%
- Latin America 13% ↑ 1 pt
As AXTA cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
106 filings between Dec 22, 2025 and Sep 19, 2026.
Open market
decisions to buy or sellNobody bought or sold AXTA on the open market in this window. The filings below are 57 option exercises and 49 tax withholdings.
Compensation
not trading decisions- 57
- Option exercise — converted options into shares
- 49
- Tax withheld — shares kept back by the company to cover tax
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 19, 2026 | Tufano Amy SVP & CHRO | Option exercise | 3,658 | — |
| Sep 19, 2026 | Tablin-Wolf Alex SVP, GC and Corp. Secretary | Option exercise | 4,877 | — |
| Sep 19, 2026 | Tablin-Wolf Alex SVP, GC and Corp. Secretary | Tax withheld | 2,255 | $72.6K |
| Sep 19, 2026 | Tufano Amy SVP & CHRO | Tax withheld | 1,680 | $54.1K |
| Aug 14, 2026 | Anderson Carl Douglas II SVP and CFO | Option exercise | 20,657 | — |
| Aug 14, 2026 | Anderson Carl Douglas II SVP and CFO | Tax withheld | 9,485 | $353.9K |
| Aug 1, 2026 | Massey Anthony VP, Finance & CAO | Option exercise | 2,071 | — |
| Aug 1, 2026 | Massey Anthony VP, Finance & CAO | Tax withheld | 641 | $23.0K |
| Mar 4, 2026 | Bertsch Jan Director | Option exercise | 5,832 | — |
| Mar 4, 2026 | Massey Anthony VP, Finance & CAO | Tax withheld | 677 | $21.3K |
| Mar 4, 2026 | COOK WILLIAM M Director | Option exercise | 5,832 | — |
| Mar 4, 2026 | Zappone Mary Slagle Director | Option exercise | 5,832 | — |
| Mar 4, 2026 | Jordan Tyrone Michael Director | Option exercise | 5,832 | — |
| Mar 4, 2026 | Bowes Timothy Earl Joseph President, Glbl Ind. Coatings | Tax withheld | 1,608 | $50.5K |
| Mar 4, 2026 | Weaver Troy D. President, Global Refinish | Tax withheld | 2,009 | $63.1K |
| Mar 4, 2026 | Villavarayan Chris CEO & President | Option exercise | 26,246 | — |
| Mar 4, 2026 | Anderson Carl Douglas II SVP and CFO | Option exercise | 6,805 | — |
| Mar 4, 2026 | Stein Kevin M Director | Option exercise | 5,832 | — |
| Mar 4, 2026 | Awada Hadi President, Glbl Mob. Coatings | Tax withheld | 1,526 | $47.9K |
| Mar 4, 2026 | Awada Hadi President, Glbl Mob. Coatings | Option exercise | 3,500 | — |
| Mar 4, 2026 | Smolik Samuel L. Director | Option exercise | 5,832 | — |
| Mar 4, 2026 | Villavarayan Chris CEO & President | Tax withheld | 12,053 | $378.5K |
| Mar 4, 2026 | Kissire Deborah J. Director | Option exercise | 5,832 | — |
| Mar 4, 2026 | Anderson Carl Douglas II SVP and CFO | Tax withheld | 3,125 | $98.1K |
| Mar 4, 2026 | Weaver Troy D. President, Global Refinish | Option exercise | 4,374 | — |
| Mar 4, 2026 | Massey Anthony VP, Finance & CAO | Option exercise | 2,187 | — |
| Mar 4, 2026 | SACHDEV RAKESH Director | Option exercise | 5,832 | — |
| Mar 4, 2026 | Bowes Timothy Earl Joseph President, Glbl Ind. Coatings | Option exercise | 3,500 | — |
| Mar 3, 2026 | Weaver Troy D. President, Global Refinish | Option exercise | 8,967 | — |
| Mar 3, 2026 | Bowes Timothy Earl Joseph President, Glbl Ind. Coatings | Tax withheld | 7,048 | $223.3K |
| Mar 3, 2026 | Massey Anthony VP, Finance & CAO | Option exercise | 2,309 | — |
| Mar 3, 2026 | Bowes Timothy Earl Joseph President, Glbl Ind. Coatings | Option exercise | 15,348 | — |
| Mar 3, 2026 | Bowes Timothy Earl Joseph President, Glbl Ind. Coatings | Tax withheld | 3,706 | $117.4K |
| Mar 3, 2026 | Tablin-Wolf Alex SVP, GC and Corp. Secretary | Tax withheld | 127 | $4.0K |
| Mar 3, 2026 | Tablin-Wolf Alex SVP, GC and Corp. Secretary | Option exercise | 245 | — |
| Mar 3, 2026 | Bowes Timothy Earl Joseph President, Glbl Ind. Coatings | Option exercise | 8,070 | — |
| Mar 3, 2026 | Massey Anthony VP, Finance & CAO | Tax withheld | 376 | $11.9K |
| Mar 3, 2026 | Anderson Carl Douglas II SVP and CFO | Tax withheld | 23,099 | $731.8K |
| Mar 3, 2026 | Anderson Carl Douglas II SVP and CFO | Tax withheld | 12,674 | $401.5K |
| Mar 3, 2026 | Awada Hadi President, Glbl Mob. Coatings | Tax withheld | 5,948 | $188.4K |
| Mar 3, 2026 | Anderson Carl Douglas II SVP and CFO | Option exercise | 27,598 | — |
| Mar 3, 2026 | Villavarayan Chris CEO & President | Tax withheld | 44,246 | $1.40M |
| Mar 3, 2026 | Awada Hadi President, Glbl Mob. Coatings | Option exercise | 13,642 | — |
| Mar 3, 2026 | Anderson Carl Douglas II SVP and CFO | Option exercise | 52,487 | — |
| Mar 3, 2026 | Awada Hadi President, Glbl Mob. Coatings | Tax withheld | 3,128 | $99.1K |
| Mar 3, 2026 | Villavarayan Chris CEO & President | Option exercise | 96,354 | — |
| Mar 3, 2026 | Villavarayan Chris CEO & President | Tax withheld | 23,265 | $737.0K |
| Mar 3, 2026 | Villavarayan Chris CEO & President | Option exercise | 50,663 | — |
| Mar 3, 2026 | Weaver Troy D. President, Global Refinish | Tax withheld | 7,832 | $248.1K |
| Mar 3, 2026 | Weaver Troy D. President, Global Refinish | Option exercise | 17,054 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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