Filing Flows › W.W. Grainger (GWW) › Q2 2026 › vs Q1 2026
W.W. Grainger (GWW) Q2 2026 vs Q1 2026 (quarter over quarter)
W.W. Grainger's revenue rose $279M (+6%) from $4.7B in Q1 2026 to $5.0B in Q2 2026. Gross margin 39.5% against 40.0% (-0.5 pts).
W.W. Grainger, Q2 2026: revenue $5.0B (+10% year over year), operating margin 16.1%, net earnings $570M, operating cash flow $444M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 39.5% | 40.0% | -0.5 pts |
| Operating margin | 16.1% | 16.7% | -0.7 pts |
| Net margin | 11.4% | 11.7% | -0.4 pts |
| Free cash flow margin | 6.6% | 12.0% | -5.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $5.0B | $4.7B | $279M | +6% |
| Gross profit | $2.0B | $1.9B | $88.0M | +5% |
| Cost of revenue | $3.0B | $2.8B | $191M | +7% |
| Operating profit | $807M | $793M | $14.0M | +2% |
| Operating expenses | $1.2B | $1.1B | $74.0M | +7% |
| Pre-tax earnings | $798M | $775M | $23.0M | +3% |
| Net earnings | $570M | $555M | $15.0M | +3% |
| Minority interests | $30.0M | $26.0M | $4.0M | +15% |
| Income tax | $198M | $194M | $4.0M | +2% |
| Depreciation & amortization | $66.0M | $62.0M | $4.0M | +6% |
| Share-based compensation | $25.0M | $14.0M | $11.0M | +79% |
| Working capital & other | $217M | −$108M | $325M | — |
| Operating cash flow | $444M | $739M | −$295M | -40% |
| Free cash flow (OCF − capex) | $333M | $569M | −$236M | -41% |
| Capital expenditures | $111M | $170M | −$59.0M | -35% |
Questions
How much did W.W. Grainger's revenue grow quarter over quarter in Q2 2026?
W.W. Grainger's revenue rose $279M (+6%) from $4.7B in Q1 2026 to $5.0B in Q2 2026. Gross margin 39.5% against 40.0% (-0.5 pts).