Filing Flows › Fastenal (FAST) › Q1 2026
Fastenal (FAST) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 16, 2026
Fastenal (FAST) reported revenue of $2.2B for the first quarter 2026 (Q1 2026), +12% from a year earlier and +9% from the quarter before. Operating margin was 20.3%, net earnings $340M (15.4% of revenue).
Fastenal, Q1 2026: revenue $2.2B (+12% year over year), operating margin 20.3%, net earnings $340M, operating cash flow $378M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +9% | +12% |
| Gross profit | $983M | +9% | +11% |
| Operating profit | $448M | +16% | +14% |
| Net earnings | $340M | +16% | +14% |
| Operating cash flow | $378M | +3% | +44% |
| Free cash flow | $320M | +4% | +55% |
What changed
Revenue was $2.2B in Q1 2026, up 12% year over year and up 9% from the previous quarter.
Gross margin was 44.6%, down 0.5 points from Q1 2025. Operating profit was $0.45B, a 20.3% margin (up 0.2 points year over year). Of the extra revenue versus Q1 2025, 22% reached operating profit, above the 20% margin then. Operating expenses grew 9% against revenue growth of 12%. Net earnings were $0.34B, up 14% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.38B (up 44% year over year), 111% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $2.6M of share-based compensation. Capital expenditures of $0.06B left free cash flow of $0.32B.
Questions
What was Fastenal's revenue in the first quarter 2026?
Fastenal (FAST) reported revenue of $2.2B for the first quarter 2026 (Q1 2026), +12% from a year earlier and +9% from the quarter before.
Was Fastenal profitable in the first quarter 2026?
Operating profit was $448M (20.3% of revenue) and net earnings $340M.
Source: Fastenal 10-Q on SEC EDGAR.