Filing Flows › Performance Food Group (PFGC) › Q3 FY26
Performance Food Group (PFGC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 6, 2026
Performance Food Group (PFGC) reported revenue of $16.3B for the third quarter fiscal 2026 (Q3 FY26), +6% from a year earlier and -0.9% from the quarter before. Operating margin was 0.9%, net earnings $41.7M (0.3% of revenue).
Performance Food Group, Q3 FY26: revenue $16.3B (+6% year over year), operating margin 0.9%, net earnings $41.7M, operating cash flow $616M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.3B | -0.9% | +6% |
| Gross profit | $1.9B | -1% | +6% |
| Operating profit | $149M | -22% | -15% |
| Net earnings | $41.7M | -32% | -28% |
| Operating cash flow | $616M | +2% | +37% |
| Free cash flow | $542M | +11% | +70% |
What changed
Revenue was $16.3B in Q3 FY26, up 6% year over year and down 1% from the previous quarter. Foodservice was the largest line at 54% of revenue. Convenience added $0.50B year over year (up 9%), 51% of the total change.
Gross margin was 11.9%, unchanged from Q3 FY25. Operating profit was $0.15B, a 0.9% margin (down 0.2 points year over year). Operating profit fell $0.03B even though revenue rose $1.0B versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 6%. Net earnings were $0.04B, down 28% year over year. The effective tax rate was 25.4%.
Operating cash flow was $0.62B (up 37% year over year), 1477% 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 $0.36B. Capital expenditures of $0.07B left free cash flow of $0.54B.
Questions
What was Performance Food Group's revenue in the third quarter fiscal 2026?
Performance Food Group (PFGC) reported revenue of $16.3B for the third quarter fiscal 2026 (Q3 FY26), +6% from a year earlier and -0.9% from the quarter before.
Was Performance Food Group profitable in the third quarter fiscal 2026?
Operating profit was $149M (0.9% of revenue) and net earnings $41.7M.