Filing Flows › Henry Schein (HSIC) › Q2 2026 › vs Q2 2025
Henry Schein (HSIC) Q2 2026 vs Q2 2025 (year over year)
Henry Schein's revenue rose $218M (+7%) from $3.2B in Q2 2025 to $3.5B in Q2 2026. The biggest changes: Global Distribution and Value-Added Services +$178M (+7%); Global Specialty Products +$26.0M (+8%); Global Technology +$14.0M (+8%). Gross margin 31.8% against 31.4% (+0.5 pts).
Henry Schein, Q2 2026: revenue $3.5B (+7% year over year), operating margin 4.9%, net earnings $94.0M, operating cash flow $242M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 31.4% | +0.5 pts |
| Operating margin | 4.9% | 4.7% | +0.3 pts |
| Net margin | 2.7% | 2.7% | +0.1 pts |
| Free cash flow margin | 6.1% | 2.7% | +3.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Global Distribution and Value-Added Services | $2.9B | $2.7B | $178M | +7% |
| Global Specialty Products | $372M | $346M | $26.0M | +8% |
| Global Technology | $181M | $167M | $14.0M | +8% |
| Revenue | $3.5B | $3.2B | $218M | +7% |
| Gross profit | $1.1B | $1.0B | $85.0M | +8% |
| Cost of revenue | $2.4B | $2.2B | $133M | +6% |
| Operating profit | $171M | $151M | $20.0M | +13% |
| Operating expenses | $930M | $865M | $65.0M | +8% |
| Pre-tax earnings | $136M | $125M | $11.0M | +9% |
| Other expense, net | $35.0M | $26.0M | $9.0M | +35% |
| SG&A | $831M | $778M | $53.0M | +7% |
| Other operating costs | $99.0M | $87.0M | $12.0M | +14% |
| Net earnings | $94.0M | $86.0M | $8.0M | +9% |
| Minority interests | $8.0M | $8.0M | $0 | 0% |
| Income tax | $34.0M | $31.0M | $3.0M | +10% |
| Depreciation & amortization | $84.0M | $76.0M | $8.0M | +11% |
| Share-based compensation | $13.0M | $11.0M | $2.0M | +18% |
| Working capital & other | $51.0M | −$53.0M | $104M | — |
| Operating cash flow | $242M | $120M | $122M | +102% |
| Free cash flow (OCF − capex) | $212M | $88.0M | $124M | +141% |
| Capital expenditures | $30.0M | $32.0M | −$2.0M | -6% |
Questions
How much did Henry Schein's revenue grow year over year in Q2 2026?
Henry Schein's revenue rose $218M (+7%) from $3.2B in Q2 2025 to $3.5B in Q2 2026.
What drove Henry Schein's revenue change in Q2 2026?
Global Distribution and Value-Added Services +$178M (+7%); Global Specialty Products +$26.0M (+8%); Global Technology +$14.0M (+8%).