Filing Flows › Ferguson Enterprises (FERG) › Q2 2026 › vs Q1 2026
Ferguson Enterprises (FERG) Q2 2026 vs Q1 2026 (quarter over quarter)
Ferguson Enterprises's revenue rose $1.3B (+17%) from $7.5B in Q1 2026 to $8.8B in Q2 2026. The biggest changes: United States Segment +$1.2B (+17%); Canada Segment +$82.0M (+25%). Gross margin 31.0% against 31.0% (-0.0 pts).
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 draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.0% | 31.0% | -0.0 pts |
| Operating margin | 10.2% | 8.2% | +2.0 pts |
| Net margin | 7.6% | 5.5% | +2.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| United States Segment | $8.3B | $7.1B | $1.2B | +17% |
| Canada Segment | $408M | $326M | $82.0M | +25% |
| Revenue | $8.8B | $7.5B | $1.3B | +17% |
| Gross profit | $2.7B | $2.3B | $394M | +17% |
| Cost of revenue | $6.0B | $5.2B | $885M | +17% |
| Operating profit | $893M | $612M | $281M | +46% |
| Operating expenses | $1.8B | $1.7B | $113M | +7% |
| Pre-tax earnings | $846M | $560M | $286M | +51% |
| Other expense, net | $47.0M | $52.0M | −$5.0M | -10% |
| SG&A | $1.7B | $1.6B | $111M | +7% |
| Other operating costs | $101M | $99.0M | $2.0M | +2% |
| Net earnings | $666M | $414M | $252M | +61% |
| Income tax | $180M | $146M | $34.0M | +23% |
| Operating cash sources | $840M | −$245M | $1.1B | — |
| Depreciation & amortization | $99.0M | $97.0M | $2.0M | +2% |
| Share-based compensation | $19.0M | $16.0M | $3.0M | +19% |
| Cash used in operations | $56.0M | −$772M | $828M | — |
| Working capital & other | $840M | −$245M | $1.1B | — |
Questions
How much did Ferguson Enterprises's revenue grow quarter over quarter in Q2 2026?
Ferguson Enterprises's revenue rose $1.3B (+17%) from $7.5B in Q1 2026 to $8.8B in Q2 2026.
What drove Ferguson Enterprises's revenue change in Q2 2026?
United States Segment +$1.2B (+17%); Canada Segment +$82.0M (+25%).