Jun 2026 (Q2 FY26) — Aug 5, 2026
Icahn Enterprises Q2 FY26 — Strategic Divestiture and Portfolio Optimization
Read the full callIcahn Enterprises (IEP) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Icahn Enterprises earnings: last reported Wed, 5 Aug 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 | 2,975 | +25.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | -355 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$6.64 0.00% · $0
Performance −18.9% 1Y
1Y: $8.19 on 14 Oct 2025 → $6.64. High $9.15 (6 Nov 2025), low $6.56 (9 Oct 2026).
- Previous close
- $6.64
- 52-week range
- $6.56 – $9.15
- One year
- −18.53%
Overview
- Symbol
- IEP
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
Icahn Enterprises L.P. Q1 FY26 — NAV Increase and Portfolio Performance
Read the full callDec 2025 (Q4 FY25) — Feb 25, 2026
Icahn Enterprises L.P. Q4 FY25 — Mixed Performance with Strong Fund Gains Offset by NAV Decline
Read the full callEvery analysed call
Icahn Enterprises earnings calls (IEP)
Financials
What the filings say
Net profit, year on year: −115% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,791 | 2,560 | 1,867 | 2,369 | 2,725 | 2,697 | 2,206 | 2,975 |
| Expenses | 2,724 | 2,693 | 2,521 | 2,615 | 2,187 | 2,680 | 2,818 | 3,361 |
| Interest | 130 | 129 | 128 | 129 | 122 | 125 | 123 | 121 |
| Profit before tax | 67 | -133 | -654 | -246 | 538 | 17 | -612 | -386 |
| Tax rate | −19.4% | 17.3% | 11.3% | 18.3% | 23.6% | −158.8% | 8.0% | −0.5% |
| Net profit | 22 | -98 | -422 | -165 | 287 | 1 | -459 | -355 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 10,509 | 13,697 | 15,731 | 18,403 | 18,356 | 14,785 | 11,658 | 10,789 |
| Fixed assets | 4,688 | 4,454 | 4,228 | 4,085 | 4,038 | 3,969 | 3,843 | 3,670 |
| Total assets | 23,489 | 24,639 | 24,989 | 27,746 | 27,914 | 20,858 | 16,279 | 14,215 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 923 | -1,460 | -416 | 321 | 1,055 | 3,736 | 832 | -313 |
| Cash from investing | 2,587 | 586 | -581 | 528 | -260 | -290 | -215 | -402 |
| Cash from financing | -157 | 566 | -653 | 293 | -344 | -2,385 | -1,323 | -1,105 |
| Net cash flow | 3,427 | -393 | -1,654 | 1,145 | 450 | 1,060 | -707 | -1,820 |
| Capital expenditure | -272 | -250 | -199 | -305 | -338 | -303 | -280 | -341 |
| Free cash flow | 651 | -1,710 | -615 | 16 | 717 | 3,433 | 552 | -654 |
IEP revenue by segment
Energy grew from 66% to 92% 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 |
|---|---|---|---|---|---|---|---|---|---|
| Energy | 66% | 78% | 89% | 75% | 71% | 67% | 89% | 92% | +55.2% |
| Automotive | 13% | 16% | 19% | 15% | 14% | 13% | 15% | 12% | -2.2% |
| Food Packaging | 4% | 3% | 5% | 4% | 3% | 3% | 4% | 3% | -7.2% |
| Home Fashion | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 1% | -9.5% |
| Real Estate | 1% | 1% | 1% | 3% | 9% | 1% | 1% | 1% | -59.7% |
| Pharma | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | -50.0% |
| Holding Company | 1% | 1% | 1% | 1% | 1% | <1% | <1% | <1% | -61.1% |
| Investment | 12% | -1% | -18% | -1% | 0% | 14% | -12% | -10% | — |
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
IEP operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Crude utilization rate Energy | 97%The first quarter refining operations were solid with crude utilization of 97%, although margins were weighed down by higher RFS obligation costs and unrealized derivative losses.Source: earnings call transcript | 98%+The second quarter refining operations were solid with crude utilization over 98%, although margins were weighed down by higher RFS obligation costs.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
6 filings between Dec 24, 2025 and Sep 23, 2026.
Open market
decisions to buy or sellNobody bought or sold IEP on the open market in this window. The filings below are 1 option exercise, 4 other filings and 1 disposition to issuer.
Compensation
not trading decisions- 1
- Option exercise — converted options into shares
Latest filings (14)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 23, 2026 | ICAHN CARL C Director | Other | 40,531,194 | $284.20M |
| Jun 25, 2026 | ICAHN CARL C Director | Other | 36,456,030 | $265.97M |
| May 6, 2026 | Flint Robert Chief Financial Officer | Disposition to issuer | 20,486 | $161.5K |
| May 6, 2026 | Flint Robert Chief Financial Officer | Option exercise | 20,486 | — |
| Apr 15, 2026 | ICAHN CARL C Director | Other | 32,536,774 | $249.70M |
| Dec 24, 2025 | ICAHN CARL C Director | Other | 30,467,595 | $234.47M |
| Sep 24, 2025 | ICAHN CARL C Director | Other | 24,149,325 | $197.39M |
| Jun 25, 2025 | ICAHN CARL C Director | Other | 22,033,036 | $186.38M |
| Apr 16, 2025 | ICAHN CARL C Director | Other | 21,962,413 | $175.39M |
| Dec 26, 2024 | ICAHN CARL C Director | Other | 17,581,237 | $171.60M |
| Sep 30, 2024 | ICAHN BRETT Director | Tax withheld | 34,179 | $457.0K |
| Sep 26, 2024 | Papapostolou Ted Chief Financial Officer | Option exercise | 28,516 | — |
| Sep 26, 2024 | Papapostolou Ted Chief Financial Officer | Disposition to issuer | 28,516 | $431.4K |
| Sep 25, 2024 | ICAHN CARL C Director | Other | 26,892,947 | $346.31M |
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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