Filing Flows › Fastenal (FAST) › How it makes money
How Fastenal (FAST) makes money
Fastenal (FAST) made $2.5B of revenue in the third quarter 2026 (Q3 2026), +15% from a year earlier. Of every dollar of revenue, 45¢ was left as gross profit, 22¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.5B | 100.0% |
| Cost of revenue | $1.4B | 55.2% |
| Gross profit | $1.1B | 44.8% |
| Operating expenses | $574M | 23.3% |
| Operating profit | $531M | 21.5% |
| Income tax | $130M | 5.3% |
| Net earnings | $402M | 16.3% |
| Operating cash flow | $422M | 17.1% |
| Free cash flow | $348M | 14.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.5B | +16% |
| Q2 2026 | $2.4B | +15% |
| Q1 2026 | $2.2B | +12% |
| Q4 2025 | $2.0B | +11% |
| Q3 2025 | $2.1B | +12% |
| Q2 2025 | $2.1B | +9% |
| Q1 2025 | $2.0B | +3% |
From Fastenal's 10-Q filed Oct 19, 2026 (on EDGAR).
Questions
How does Fastenal make money?
Fastenal (FAST) made $2.5B of revenue in the third quarter 2026 (Q3 2026), +15% from a year earlier. Of every dollar of revenue, 45¢ was left as gross profit, 22¢ was left as operating profit, 16¢ was left as net earnings.
What is Fastenal's profit margin?
Net earnings were $402M, 16.3% of revenue, in the third quarter 2026; the operating margin was 21.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.