Filing Flows › Ferguson Enterprises (FERG) › Q2 2026
Ferguson Enterprises (FERG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Ferguson Enterprises (FERG) reported revenue of $8.8B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +17% from the quarter before. Operating margin was 10.2%, net earnings $666M (7.6% of revenue).
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.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.8B | +17% | +5% |
| Gross profit | $2.7B | +17% | +4% |
| Operating profit | $893M | +46% | +6% |
| Net earnings | $666M | +61% | +5% |
| Operating cash flow | −$56.0M | -107% | -110% |
What changed
Revenue was $8.8B in Q2 2026, up 5% year over year and up 17% from the previous quarter. United States Segment was the largest line at 95% of revenue. United States Segment added $0.40B year over year (up 5%), 102% of the total change. Canada Segment declined 2%.
Gross margin was 31.0%, down 0.3 points from a year earlier. Operating profit was $0.89B, a 10.2% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, above the 10% margin then. Operating expenses grew 3% against revenue growth of 5%. Net earnings were $0.67B, up 5% year over year. The effective tax rate was 21.3%.
Operating cash flow was −$0.06B. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.84B. Capital expenditures of $0.14B exceeded it, leaving free cash flow of −$0.20B.
Questions
What was Ferguson Enterprises' revenue in the second quarter 2026?
Ferguson Enterprises (FERG) reported revenue of $8.8B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +17% from the quarter before.
Was Ferguson Enterprises profitable in the second quarter 2026?
Operating profit was $893M (10.2% of revenue) and net earnings $666M.