Filing Flows › Ferguson Enterprises (FERG) › Q2 2026 › vs Q2 2025
Ferguson Enterprises (FERG) Q2 2026 vs Q2 2025 (year over year)
Ferguson Enterprises's revenue rose $388M (+5%) from $8.4B in Q2 2025 to $8.8B in Q2 2026. The biggest changes: United States Segment +$396M (+5%); Canada Segment −$8.0M (-2%). Gross margin 31.0% against 31.2% (-0.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.0% | 31.2% | -0.3 pts |
| Operating margin | 10.2% | 10.1% | +0.1 pts |
| Net margin | 7.6% | 7.6% | +0.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| United States Segment | $8.3B | $7.9B | $396M | +5% |
| Canada Segment | $408M | $416M | −$8.0M | -2% |
| Revenue | $8.8B | $8.4B | $388M | +5% |
| Gross profit | $2.7B | $2.6B | $99.0M | +4% |
| Cost of revenue | $6.0B | $5.8B | $289M | +5% |
| Operating profit | $893M | $842M | $51.0M | +6% |
| Operating expenses | $1.8B | $1.8B | $48.0M | +3% |
| Pre-tax earnings | $846M | $790M | $56.0M | +7% |
| Other expense, net | $47.0M | $52.0M | −$5.0M | -10% |
| SG&A | $1.7B | $1.6B | $68.0M | +4% |
| Other operating costs | $101M | $121M | −$20.0M | -17% |
| Net earnings | $666M | $634M | $32.0M | +5% |
| Income tax | $180M | $156M | $24.0M | +15% |
| Operating cash sources | $840M | $487M | $353M | +72% |
| Depreciation & amortization | $99.0M | $96.0M | $3.0M | +3% |
| Share-based compensation | $19.0M | $6.0M | $13.0M | +217% |
| Cash used in operations | $56.0M | −$249M | $305M | — |
| Working capital & other | $840M | $487M | $353M | +72% |
Questions
How much did Ferguson Enterprises's revenue grow year over year in Q2 2026?
Ferguson Enterprises's revenue rose $388M (+5%) from $8.4B in Q2 2025 to $8.8B in Q2 2026.
What drove Ferguson Enterprises's revenue change in Q2 2026?
United States Segment +$396M (+5%); Canada Segment −$8.0M (-2%).