Filing Flows › Ferguson Enterprises (FERG) › Q3 2026
Ferguson Enterprises (FERG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Ferguson Enterprises (FERG) reported revenue of $9.0B for the third quarter 2026 (Q3 2026), +9% from a year earlier and +3% from the quarter before. Operating margin was 9.8%, net earnings $598M (6.6% of revenue).
Ferguson Enterprises, Q3 2026: revenue $9.0B (+10% year over year), operating margin 9.8%, net earnings $598M, operating cash flow $756M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.0B | +3% | +9% |
| Gross profit | $2.8B | +3% | +8% |
| Operating profit | $885M | -0.9% | +5% |
| Net earnings | $598M | -10% | -6% |
| Operating cash flow | $756M | — | -0.7% |
| Free cash flow | $648M | — | -1% |
What changed
Revenue was $9.0B in Q3 2026, up 9% year over year and up 3% from the previous quarter. United States Segment was the largest line at 96% of revenue. United States Segment added $0.80B year over year (up 10%), 102% of the total change. Canada Segment declined 4%.
Gross margin was 30.9%, down 0.5 points from a year earlier. Operating profit was $0.89B, a 9.8% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 10% margin then. Operating expenses grew 9% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $0.60B, down 6% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.76B (down 1% year over year), 126% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.11B left free cash flow of $0.65B.
Questions
What was Ferguson Enterprises' revenue in the third quarter 2026?
Ferguson Enterprises (FERG) reported revenue of $9.0B for the third quarter 2026 (Q3 2026), +9% from a year earlier and +3% from the quarter before.
Was Ferguson Enterprises profitable in the third quarter 2026?
Operating profit was $885M (9.8% of revenue) and net earnings $598M.