St. Joe Posts Record Q2: Net Income Climbs 37% to $40.5M, Revenue Rises 23% to $158.8M, and a $0.16 Dividend Is Declared
JOE sits 36% above its 52-week low of $46.37.
Summary
St. Joe posted its strongest Q2 in three decades, with net income up 37% to $40.5 million and revenue up 23% to $158.8 million, driven by surging real estate sales and record hospitality. The board declared a $0.16 quarterly dividend and the company repurchased $32.7 million in stock during the quarter.
Updates
· SEC 10-Q — The 10-Q reports net income attributable to the Company of $40.5 million, total revenue of $158.8 million, and diluted EPS of $0.71 for Q2 2026.
Key Events · Earnings and Guidance · JOE
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Record Q2 Net Income
Net income rose 37% to $40.5 million ($0.71 per share) from $29.5 million ($0.51 per share) a year ago, marking the highest second-quarter profit in 30 years excluding a one-off gain in 1996.
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Revenue Surges 23%
Total revenue reached $158.8 million, the highest second-quarter revenue in 20 years. Real estate revenue jumped 59% to $69.6 million, hospitality revenue hit a quarterly record of $74.2 million (up 8%), and leasing revenue was $15.0 million.
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Margin Expansion Across All Segments
Gross margins improved in every segment: residential to 48% from 45%, hospitality to 42% from 39%, and commercial to 65% from 57%, reflecting operational efficiencies and scale.
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Capital Return: $0.16 Dividend and $32.7M Buyback
The board declared a quarterly cash dividend of $0.16 per share, payable September 18, 2026. In Q2, the company repurchased $32.7 million of stock (499,700 shares) and paid $9.1 million in dividends, returning $41.8 million to shareholders.
Analysis · JOE · Real Estate & Construction
The company delivered its best second quarter in 30 years, as net income surged 37% to $40.5 million on a 23% revenue jump to $158.8 million. Every segment expanded margins, and $41.8 million was returned to shareholders through buybacks and dividends while debt was paid down. The results confirm that the 'Virtuous Circle' strategy is working at scale, with a 25,000-unit residential pipeline and record hospitality performance providing visibility into sustained growth.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, JOE was trading at $63.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $46.37 to $73.54. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.