Filing Flows › Ferguson Enterprises (FERG) › Q3 2026 › vs Q2 2026
Ferguson Enterprises (FERG) Q3 2026 vs Q2 2026 (quarter over quarter)
Ferguson Enterprises's revenue rose $275M (+3%) from $8.8B in Q2 2026 to $9.0B in Q3 2026. The biggest changes: United States Segment +$278M (+3%); Canada Segment −$3.0M (-0.7%). Gross margin 30.9% against 31.0% (-0.1 pts).
Ferguson Enterprises, Q3 2026: revenue $9.0B (+10% year over year), operating margin 9.8%, net earnings $598M, operating cash flow $756M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 30.9% | 31.0% | -0.1 pts |
| Operating margin | 9.8% | 10.2% | -0.4 pts |
| Net margin | 6.6% | 7.6% | -1.0 pts |
| Free cash flow margin | 7.2% | -2.3% | +9.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| United States Segment | $8.6B | $8.3B | $278M | +3% |
| Canada Segment | $405M | $408M | −$3.0M | -0.7% |
| Revenue | $9.0B | $8.8B | $275M | +3% |
| Gross profit | $2.8B | $2.7B | $74.0M | +3% |
| Cost of revenue | $6.2B | $6.0B | $201M | +3% |
| Operating profit | $885M | $893M | −$8.0M | -0.9% |
| Operating expenses | $1.9B | $1.8B | $82.0M | +5% |
| Pre-tax earnings | $805M | $846M | −$41.0M | -5% |
| Other expense, net | $80.0M | $47.0M | $33.0M | +70% |
| SG&A | $1.8B | $1.7B | $65.0M | +4% |
| Other operating costs | $118M | $101M | $17.0M | +17% |
| Net earnings | $598M | $666M | −$68.0M | -10% |
| Income tax | $207M | $180M | $27.0M | +15% |
| Depreciation & amortization | $116M | $99.0M | $17.0M | +17% |
| Share-based compensation | $30.0M | $19.0M | $11.0M | +58% |
| Working capital & other | $12.0M | −$840M | $852M | — |
| Operating cash flow | $756M | −$56.0M | $812M | — |
| Free cash flow (OCF − capex) | $648M | −$198M | $846M | — |
| Capital expenditures | $108M | $142M | −$34.0M | -24% |
Questions
How much did Ferguson Enterprises's revenue grow quarter over quarter in Q3 2026?
Ferguson Enterprises's revenue rose $275M (+3%) from $8.8B in Q2 2026 to $9.0B in Q3 2026.
What drove Ferguson Enterprises's revenue change in Q3 2026?
United States Segment +$278M (+3%); Canada Segment −$3.0M (-0.7%).