Filing Flows › Henry Schein (HSIC) › Q3 2026 › vs Q3 2025
Henry Schein (HSIC) Q3 2026 vs Q3 2025 (year over year)
Henry Schein's revenue rose $132M (+4%) from $3.3B in Q3 2025 to $3.5B in Q3 2026. The biggest changes: Global Distribution and Value-Added Services +$105M (+4%); Global Specialty Products +$19.0M (+6%); Global Technology +$8.0M (+5%). Gross margin 31.8% against 30.7% (+1.1 pts).
Henry Schein, Q3 2026: revenue $3.5B (+4% year over year), operating margin 5.6%, net earnings $119M, operating cash flow $161M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 30.7% | +1.1 pts |
| Operating margin | 5.6% | 4.9% | +0.6 pts |
| Net margin | 3.4% | 3.0% | +0.4 pts |
| Free cash flow margin | 3.8% | 4.2% | -0.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Global Distribution and Value-Added Services | $2.9B | $2.8B | $105M | +4% |
| Global Specialty Products | $350M | $331M | $19.0M | +6% |
| Global Technology | $181M | $173M | $8.0M | +5% |
| Revenue | $3.5B | $3.3B | $132M | +4% |
| Gross profit | $1.1B | $1.0B | $79.0M | +8% |
| Cost of revenue | $2.4B | $2.3B | $53.0M | +2% |
| Operating profit | $193M | $164M | $29.0M | +18% |
| Operating expenses | $912M | $862M | $50.0M | +6% |
| Pre-tax earnings | $163M | $137M | $26.0M | +19% |
| Other expense, net | $30.0M | $27.0M | $3.0M | +11% |
| SG&A | $819M | $760M | $59.0M | +8% |
| Other operating costs | $93.0M | $102M | −$9.0M | -9% |
| Net earnings | $119M | $101M | $18.0M | +18% |
| Minority interests | $7.0M | $8.0M | −$1.0M | -12% |
| Income tax | $37.0M | $28.0M | $9.0M | +32% |
| Depreciation & amortization | $86.0M | $80.0M | $6.0M | +7% |
| Share-based compensation | $10.0M | $13.0M | −$3.0M | -23% |
| Working capital & other | $54.0M | $20.0M | $34.0M | +170% |
| Operating cash flow | $161M | $174M | −$13.0M | -7% |
| Free cash flow (OCF − capex) | $131M | $141M | −$10.0M | -7% |
| Capital expenditures | $30.0M | $33.0M | −$3.0M | -9% |
Questions
How much did Henry Schein's revenue grow year over year in Q3 2026?
Henry Schein's revenue rose $132M (+4%) from $3.3B in Q3 2025 to $3.5B in Q3 2026.
What drove Henry Schein's revenue change in Q3 2026?
Global Distribution and Value-Added Services +$105M (+4%); Global Specialty Products +$19.0M (+6%); Global Technology +$8.0M (+5%).