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Ferguson Enterprises (FERG) gross margin by quarter

Ferguson Enterprises' gross margin was 31.0% in Q2 2026 (second quarter 2026), -0.0 pts from Q1 2026. Over the last 7 quarters it ranged from 29.7% (Q1 2025) to 31.7% (Q2 2025).

Ferguson Enterprises gross margin by quarterFerguson Enterprises gross margin by quarter31.0%Q2 202429.7%Q1 202531.0%Q1 202531.7%Q2 202530.7%Q3 202531.0%Q1 202631.0%Q2 2026
QuarterGross marginQ/QY/Y
Q2 202631.0%-0.0 pts-0.7 pts
Q1 202631.0%+0.3 pts+1.3 pts
Q3 202530.7%-1.0 pts—
Q2 202531.7%+0.8 pts+0.7 pts
Q1 202531.0%+1.2 pts—
Q1 202529.7%-1.3 pts—
Q2 202431.0%——

Q2 2026 at a glance

Ferguson Enterprises, Q2 2026: revenue $8.8B (+5% year over year), operating margin 10.2%, net earnings $666M, operating cash flow −$56.0M. The chart follows the revenue to costs, profit and cash.

Questions

What is Ferguson Enterprises' gross margin?

Ferguson Enterprises' gross margin was 31.0% in Q2 2026 (second quarter 2026), -0.0 pts from Q1 2026.

How has Ferguson Enterprises' gross margin changed?

Over the last 7 quarters it ranged from 29.7% (Q1 2025) to 31.7% (Q2 2025).

Q2 2026 results → · How Ferguson Enterprises makes money →