In Q2 fiscal 2026 (the quarter ended June 30, 2026), Palantir Technologies's largest business segment was Government Operating, with $990.03 million or 51% of revenue, up 79.0% from a year earlier. Next: Commercial Operating (49%).
By country, United States brought in 81% and Non-US brought in 19% of revenue in Q2 fiscal 2026.
The fastest-growing business segment from a year earlier was Commercial Operating (+109.8%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2019.

Fiscal quarters, from company filings
| Business segment | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Government Operating | $990.0M | $858.4M | $632.7M | $553.0M | 51% |
| Commercial Operating | $945.4M | $774.2M | – | $450.7M | 49% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
| Country | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| United States | $1.6B | $1.3B | $882.6M | $732.6M | 81% |
| Non-US | $362.4M | – | – | $271.1M | 19% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Government Operating and Commercial Operating (as reported for Q2 fiscal 2026).
Government Operating: $990.03 million, or 51% of revenue, in Q2 fiscal 2026.
By country in Q2 fiscal 2026: United States (81%) and Non-US (19%).
Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i
Fiscal quarter ended Jun 30, 2026
| Item | Revenue | Share |
|---|---|---|
| Government Operating | USD 990.03M | 51.2% |
| Commercial Operating | USD 945.43M | 48.8% |
Sum of items USD 1.94B. Shares are of the items shown. Click an item with › to see its parts.
Every item and period in one grid. Purple = calculated; "–" = not available.
| Item | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q4 FY20 | Q3 FY20 | Q4 FY19 | Q3 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Government Operating | 990.0M | 858.4M | 729.7M | 632.7M | 553.0M | 487.0M | – | 408.3M | 370.8M | 335.4M | 324.0M | 307.6M | 301.5M | 289.1M | 293.2M | 273.8M | 263.0M | 241.8M | 239.0M | 217.8M | 189.9M | 162.6M | – | 96.8M |
| Commercial Operating | 945.4M | 774.2M | 677.1M | 548.4M | 450.7M | 396.9M | – | 317.2M | 307.4M | 299.0M | 284.3M | 250.6M | 231.8M | 236.1M | 215.5M | 204.0M | 210.0M | 204.6M | 193.9M | 174.3M | 132.2M | 126.8M | – | 93.7M |