Filing Flows › Ferguson Enterprises (FERG) › Q1 2026
Ferguson Enterprises (FERG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Ferguson Enterprises (FERG) reported revenue of $7.5B for the first quarter 2026 (Q1 2026), +4% from a year earlier. Operating margin was 8.2%, net earnings $414M (5.5% of revenue).
Ferguson Enterprises, Q1 2026: revenue $7.5B (+4% year over year), operating margin 8.2%, net earnings $414M, operating cash flow $772M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5B | — | +4% |
| Gross profit | $2.3B | — | +5% |
| Operating profit | $612M | — | +21% |
| Net earnings | $414M | — | +20% |
| Operating cash flow | $772M | — | -12% |
| Free cash flow | $680M | — | -15% |
What changed
Revenue was $7.5B in Q1 2026, up 4% year over year. United States Segment was the largest line at 96% of revenue. United States Segment added $0.24B year over year (up 4%), 93% of the total change.
Gross margin was 31.0%, up 0.3 points from a year earlier. Operating profit was $0.61B, a 8.2% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 7% margin then. Operating expenses fell 0% while revenue rose 4%. Net earnings were $0.41B, up 20% year over year. The effective tax rate was 26.1%.
Operating cash flow was $0.77B (down 12% year over year), 186% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.24B. Capital expenditures of $0.09B left free cash flow of $0.68B.
Questions
What was Ferguson Enterprises' revenue in the first quarter 2026?
Ferguson Enterprises (FERG) reported revenue of $7.5B for the first quarter 2026 (Q1 2026), +4% from a year earlier.
Was Ferguson Enterprises profitable in the first quarter 2026?
Operating profit was $612M (8.2% of revenue) and net earnings $414M.