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BALL · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 19.7% y/y to $4.00B, operating margin 8.7% vs 10.3%, net income $221M (+4.2% y/y).
Net earnings attributable to Ball Corporation
$221M
up 4.2% y/y
Net sales
$3,997M
up 19.7% y/y
Operating income (calculated)
$347M
up 0.9% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $3,997 · +19.7% |
| Cost of sales | $3,300 · +22.7% |
| Depreciation and amortization | $165 · +6.5% |
| Selling, general and administrative | $163 · +19.0% |
| Business consolidation and other activities | $22 · +83.3% |
| Operating income (calculated) | $347 · +0.9% · 8.7% margin |
| Interest income | $10 · +100% |
| Interest expense | $79 · −2.5% |
| Earnings before taxes | $278 · +3.7% |
| Tax provision | $65 · +6.6% · 23.4% effective rate |
| Equity in results of affiliates, net of tax | $10 · +25.0% |
| Net earnings attributable to noncontrolling interests, net of tax | $2 · −33.3% |
| Net earnings attributable to Ball Corporation | $221 · +4.2% · $0.83/sh · 5.5% margin |
Verdict: revenue grew 19.7% y/y to $4.00B, operating margin 8.7% vs 10.3%, net income $221M (+4.2% y/y).
Source and notation
Source: Ball press release, 8-K EX-99.1 of 08/04/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL. Operating income is calculated (revenue less costs and operating expenses): the release does not report it.
Open as an image: BALL, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “BALL Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/ball/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/ball/q2-2026"><img src="https://whoreportstoday.com/t/ball/q2-2026/sankey.png" alt="BALL Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/ball/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/ball/q2-2026">BALL Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $347M, a 8.7% margin vs 10.3% a year earlier.
- The effective tax rate was 23.4% vs 22.8% a year earlier.
- Diluted EPS was $0.83 vs $0.76 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
BALL — a packaging company that makes aluminum beverage cans and bottles for large drink brands and regional customers, as well as aluminum aerosol containers, recloseable bottles and slugs for personal care and household products.
It earns money in three regional beverage packaging segments: North and Central America; Europe, Middle East and Africa; and South America; other packaging lines are reported outside these segments. · Source: annual report (Form 10-K, SEC)
Heads-up
- profit is growing slower than revenue: +4% vs +20% y/y in Q2 2026
Net income +4% y/y against revenue +20% y/y. In the report's figures: costs grew faster than revenue: business consolidation and other activities +83% y/y. Based on the Q2 2026 report.
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