Filing Flows › DXP Enterprises (DXPE) › Q1 2026
DXP Enterprises (DXPE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
DXP Enterprises (DXPE) reported revenue of $522M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -1% from the quarter before. Operating margin was 8.1%, net earnings $20.0M (3.8% of revenue).
DXP Enterprises, Q1 2026: revenue $522M (+10% year over year), operating margin 8.1%, net earnings $20.0M, operating cash flow $29.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $522M | -1% | +9% |
| Gross profit | $169M | +1% | +12% |
| Operating profit | $42.5M | -9% | +5% |
| Net earnings | $20.0M | -13% | -3% |
| Operating cash flow | $29.6M | -22% | +895% |
| Free cash flow | $26.3M | — | — |
What changed
Revenue was $521.7M in Q1 2026, up 9% year over year and down 1% from the previous quarter. Service Center was the largest line at 65% of revenue. Innovative Pumping Solutions added $32.5M year over year (up 38%), 72% of the total change.
Gross margin was 32.3%, up 0.8 points from Q1 2025. Operating profit was $42.5M, a 8.1% margin (down 0.4 points year over year). Of the extra revenue versus Q1 2025, 4% reached operating profit, below the 9% margin then. Operating expenses grew 15% against revenue growth of 9%. Net earnings were $20.0M, down 3% year over year. The effective tax rate was 25.0%.
Operating cash flow was $29.6M (up 895% year over year), 148% of net earnings. Non-cash charges added back $2.9M of depreciation and $1.8M of share-based compensation. Working capital and other items added $4.8M. After purchases of property and equipment ($3.3M), free cash flow as the company reports it was $26.3M.
Questions
What was DXP Enterprises' revenue in the first quarter 2026?
DXP Enterprises (DXPE) reported revenue of $522M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -1% from the quarter before.
Was DXP Enterprises profitable in the first quarter 2026?
Operating profit was $42.5M (8.1% of revenue) and net earnings $20.0M.
Source: DXP Enterprises 10-Q on SEC EDGAR.