Filing Flows › Fastenal (FAST) › Q2 2026 › vs Q1 2026
Fastenal (FAST) Q2 2026 vs Q1 2026 (quarter over quarter)
Fastenal's revenue rose $185M (+8%) from $2.2B in Q1 2026 to $2.4B in Q2 2026. Gross margin 44.6% against 44.6% (-0.1 pts).
Fastenal, Q2 2026: revenue $2.4B (+15% year over year), operating margin 21.0%, net earnings $383M, operating cash flow $266M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 44.6% | 44.6% | -0.1 pts |
| Operating margin | 21.0% | 20.3% | +0.7 pts |
| Net margin | 16.0% | 15.4% | +0.6 pts |
| Free cash flow margin | 8.4% | 14.5% | -6.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.4B | $2.2B | $185M | +8% |
| Gross profit | $1.1B | $983M | $80.7M | +8% |
| Cost of revenue | $1.3B | $1.2B | $104M | +9% |
| Operating profit | $502M | $448M | $54.2M | +12% |
| Operating expenses | $562M | $535M | $26.5M | +5% |
| Pre-tax earnings | $502M | $448M | $53.8M | +12% |
| Net earnings | $383M | $340M | $43.0M | +13% |
| Income tax | $119M | $109M | $10.7M | +10% |
| Depreciation & amortization | $45.5M | $44.6M | $900K | +2% |
| Share-based compensation | $2.6M | $2.6M | $0 | 0% |
| Working capital & other | $165M | $8.6M | $157M | 19× |
| Operating cash flow | $266M | $378M | −$113M | -30% |
| Free cash flow (OCF − capex) | $202M | $320M | −$118M | -37% |
| Capital expenditures | $64.1M | $58.9M | $5.2M | +9% |
Questions
How much did Fastenal's revenue grow quarter over quarter in Q2 2026?
Fastenal's revenue rose $185M (+8%) from $2.2B in Q1 2026 to $2.4B in Q2 2026. Gross margin 44.6% against 44.6% (-0.1 pts).