Ryan Specialty Q2 FY26 net income drops 13.1% to $108.4 million; revenue rises 7.2% to $916.6 million

Ryan Specialty posted Q2 2026 revenue of $916.6 million, up 7.2% year over year; organic revenue growth was 6.7%.

Net income fell 13.1% from a year earlier to $108.4 million; diluted EPS was $0.33.

Adjusted EBITDAC rose 6% to $326.9 million; adjusted EBITDAC margin narrowed 0.4 percentage point to 35.7%.

The company returned about $284.5 million to shareholders, including $260 million of Class A share repurchases and $24.5 million in dividends and distributions.

Ryan Specialty maintained its full-year organic revenue growth outlook at mid-single digits and now sees adjusted EBITDAC margin down 50-100 basis points versus the prior year.