Filing Flows › W.W. Grainger (GWW) › Q3 2026 › vs Q2 2026
W.W. Grainger (GWW) Q3 2026 vs Q2 2026 (quarter over quarter)
W.W. Grainger's revenue rose $160M (+3%) from $5.0B in Q2 2026 to $5.2B in Q3 2026. Gross margin 38.8% against 39.5% (-0.7 pts).
W.W. Grainger, Q3 2026: revenue $5.2B (+11% year over year), operating margin 16.0%, net earnings $587M, operating cash flow $661M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 38.8% | 39.5% | -0.7 pts |
| Operating margin | 16.0% | 16.1% | -0.1 pts |
| Net margin | 11.3% | 11.4% | -0.0 pts |
| Free cash flow margin | 10.5% | 6.6% | +3.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $5.2B | $5.0B | $160M | +3% |
| Gross profit | $2.0B | $2.0B | $27.0M | +1% |
| Cost of revenue | $3.2B | $3.0B | $133M | +4% |
| Operating profit | $828M | $807M | $21.0M | +3% |
| Operating expenses | $1.2B | $1.2B | $6.0M | +0.5% |
| Pre-tax earnings | $814M | $798M | $16.0M | +2% |
| Net earnings | $587M | $570M | $17.0M | +3% |
| Minority interests | $29.0M | $30.0M | −$1.0M | -3% |
| Income tax | $198M | $198M | $0 | 0% |
| Depreciation & amortization | $67.0M | $66.0M | $1.0M | +2% |
| Share-based compensation | $19.0M | $25.0M | −$6.0M | -24% |
| Working capital & other | $12.0M | $217M | −$205M | -94% |
| Operating cash flow | $661M | $444M | $217M | +49% |
| Free cash flow (OCF − capex) | $546M | $333M | $213M | +64% |
| Capital expenditures | $115M | $111M | $4.0M | +4% |
Questions
How much did W.W. Grainger's revenue grow quarter over quarter in Q3 2026?
W.W. Grainger's revenue rose $160M (+3%) from $5.0B in Q2 2026 to $5.2B in Q3 2026. Gross margin 38.8% against 39.5% (-0.7 pts).