Filing Flows › Performance Food Group (PFGC) › Q2 FY26
Performance Food Group (PFGC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 4, 2026
Performance Food Group (PFGC) reported revenue of $16.4B for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and -4% from the quarter before. Operating margin was 1.2%, net earnings $61.7M (0.4% of revenue).
Performance Food Group, Q2 FY26: revenue $16.4B (+5% year over year), operating margin 1.2%, net earnings $61.7M, operating cash flow $601M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.4B | -4% | +5% |
| Gross profit | $2.0B | -2% | +8% |
| Operating profit | $190M | -15% | +20% |
| Net earnings | $61.7M | -34% | +46% |
| Operating cash flow | $601M | — | +85% |
| Free cash flow | $488M | — | +124% |
What changed
Revenue was $16.4B in Q2 FY26, up 5% year over year and down 4% from the previous quarter. Foodservice was the largest line at 54% of revenue. Foodservice added $0.43B year over year (up 5%), 53% of the total change.
Gross margin was 12.0%, up 0.3 points from a year earlier. Operating profit was $0.19B, a 1.2% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, above the 1% margin then. Operating expenses grew 6% against revenue growth of 5%. Net earnings were $0.06B, up 46% year over year. The effective tax rate was 28.8%.
Operating cash flow was $0.60B (up 85% year over year), 974% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.33B. Capital expenditures of $0.11B left free cash flow of $0.49B.
Questions
What was Performance Food Group's revenue in the second quarter fiscal 2026?
Performance Food Group (PFGC) reported revenue of $16.4B for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and -4% from the quarter before.
Was Performance Food Group profitable in the second quarter fiscal 2026?
Operating profit was $190M (1.2% of revenue) and net earnings $61.7M.