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W.W. Grainger (GWW) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · W.W. Grainger (GWW) Q3 2026 earnings results →

Q3 2026 Revenue up 11% year over year to $5.2B · 11¢ of every $1 of revenue kept as net profit · operating margin 16.0%

W.W. Grainger made $5.2B in Q3 2026 (+11% Y/Y). Operating margin 16.0%, net earnings $587M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$5.2B
Year over year+11%
Operating margin16.0%
Net earnings$587M
Operating cash flow$661M

Drawing the Sankey…

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W.W. Grainger Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
W.W. Grainger Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $5.2B in Q3 2026, up 11% year over year and up 3% from the previous quarter.

Gross margin was 38.8%, up 0.2 points from Q3 2025. Operating profit was $0.83B, a 16.0% margin (up 5.0 points year over year). Of the extra revenue versus Q3 2025, 60% reached operating profit, above the 11% margin then. Operating expenses fell 8% while revenue rose 11%. Net earnings were $0.59B, up 100% year over year. The effective tax rate was 24.3%.

Operating cash flow was $0.66B (up 11% year over year), 107% of net income including minority interests. Non-cash charges added back $0.07B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.12B left free cash flow of $0.55B.

Quarterly history

W.W. Grainger revenue by quarterW.W. Grainger revenue by quarter$4.3BQ1 2025$4.6BQ2 2025$4.7BQ3 2025$4.4BQ4 2025$4.7BQ1 2026$5.0BQ2 2026$5.2BQ3 2026
W.W. Grainger net earnings by quarterW.W. Grainger net earnings by quarter$479MQ1 2025$482MQ2 2025$294MQ3 2025$451MQ4 2025$555MQ1 2026$570MQ2 2026$587MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$5.2B+11%16.0%$587M$661M
Q2 202610-QAug 4, 2026$5.0B+10%16.1%$570M$444M
Q1 202610-QMay 7, 2026$4.7B+10%16.7%$555M$739M
Q4 202510-KFeb 19, 2026$4.4B+4%14.3%$451M$395M
Q3 202510-QOct 31, 2025$4.7B+6%11.0%$294M$597M
Q2 202510-QAug 1, 2025$4.6B+6%14.9%$482M$377M
Q1 202510-QMay 1, 2025$4.3B+2%15.6%$479M$646M

Charts

W.W. Grainger: revenue growth, year over year and quarter over quarterW.W. Grainger: revenue growth, year over year and quarter over quarterY/YQ/Q+2%Q1 2025+6%+6%Q2 2025+6%+2%Q3 2025+4%-5%Q4 2025+10%+7%Q1 2026+10%+6%Q2 2026+11%+3%Q3 2026
Latest (Q3 2026): Y/Y +11%, Q/Q +3%.
W.W. Grainger: where the cash came from (+) and went (−), TTM to Q3 2026W.W. Grainger: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$2.2BBuybacks−$986MCapital spending−$522MDividends−$507MOther investing−$237MCash drawn (+) / kept (−)−$233MNet borrowing (+) / repaid (−)$215MOther financing$40.0MTaxes on employees’ shares−$37.0MAsset & business sales$29.0MExchange rates−$23.0MShares issued$22.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
W.W. Grainger: profit against cash, quarter by quarterW.W. Grainger: profit against cash, quarter by quarterNet incomeOperating cash flow$497M$428MQ4 2024$500M$646MQ1 2025$508M$377MQ2 2025$321M$597MQ3 2025$479M$395MQ4 2025$581M$739MQ1 2026$600M$444MQ2 2026$616M$661MQ3 2026
Latest (Q3 2026): Net income $616M, Operating cash flow $661M.
W.W. Grainger: diluted shares by fiscal yearW.W. Grainger: diluted shares by fiscal year54MFY202052MFY202151MFY202250MFY202349MFY202448MFY2025
-10.6% since FY2020: buybacks shrank the count.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About W.W. Grainger

W.W. Grainger, Inc., incorporated in the State of Illinois in 1928, is a broad line, distributor of maintenance, repair and operating (MRO) products and services with operations primarily in North America, Japan and the United Kingdom (U.K.). In the fourth quarter of 2025, Grainger exited the U.K. market by completing the sale of the Cromwell business and closing the Zoro U.K. business. In this report, the words “Grainger” or “Company” mean W.W. Grainger, Inc. and its subsidiaries, except where the context makes it clear that the reference is only to W.W. Grainger, Inc. itself and not its subsidiaries.

In its own words, from its 10-K, filed Feb 19, 2026.

Source: W.W. Grainger 10-Q on SEC EDGAR · CIK 277135 · Wholesale-Durable Goods

Guidance and outlook

W.W. Grainger Revenue: guidance against what was reportedW.W. Grainger Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$17.2BFY2025$17.9BFY2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
W.W. Grainger: what its forward-looking statements are about (10-Q filed 2026-11-04)W.W. Grainger: what its forward-looking statements are about (10-Q filed 2026-11-04)Other2Buybacks & dividends1
3 statements; tone +0.00 (−1 all cautious, +1 all confident); 0 hedged.

13F: who owns GWW and who is buying

Largest holders of GWW (13F)Largest holders of GWW (13F)BlackRock$6.3BVanguard Group$5.7BVanguard Capital Management LLC$3.9BVanguard Portfolio Management LLC$3.1BState Street$2.7BGeode Capital Management, LLC$1.9BWells Fargo$1.2BWellington Management Group LLP$1.1BClearbridge Investments, LLC$1.0BPrice T Rowe Associates$944M
Funds' net buying of GWW by quarter (13F)Funds' net buying of GWW by quarter (13F)$78.7M2024-09−$114M2024-12−$160M2025-03$130M2025-06$133M2025-09$1.5B2025-12−$838M2026-03$355M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GWW

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

中文版:W.W. Grainger(GWW)财报

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