Filing Flows › Sysco (SYY) › Q1 FY26
Sysco (SYY) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 29, 2025
Sysco (SYY) reported revenue of $21.1B for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and 0% from the quarter before. Operating margin was 3.8%, net earnings $476M (2.3% of revenue).
Sysco, Q1 FY26: revenue $21.1B (+3% year over year), operating margin 3.8%, net earnings $476M, operating cash flow $86.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.1B | 0% | +3% |
| Gross profit | $3.9B | -2% | +4% |
| Operating profit | $800M | -10% | -1% |
| Net earnings | $476M | -10% | -3% |
| Operating cash flow | $86.0M | -93% | +62% |
What changed
Revenue was $21.1B in Q1 FY26, up 3% year over year and roughly flat from the previous quarter. Fresh and frozen meats was the largest line at 20% of revenue. Fresh and frozen meats added $0.48B year over year (up 13%), 73% of the total change. Equipment and smallwares declined 11%.
Gross margin was 18.4%, up 0.1 points from a year earlier. Operating profit was $0.80B, a 3.8% margin (down 0.2 points year over year). Operating profit fell $0.01B even though revenue rose $0.66B versus a year earlier, so costs grew faster than sales. Operating expenses grew 5% against revenue growth of 3%. Net earnings were $0.48B, down 3% year over year. The effective tax rate was 20.7%.
Operating cash flow was $0.09B (up 62% year over year), 18% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.65B. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.07B.
Questions
What was Sysco's revenue in the first quarter fiscal 2026?
Sysco (SYY) reported revenue of $21.1B for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and 0% from the quarter before.
Was Sysco profitable in the first quarter fiscal 2026?
Operating profit was $800M (3.8% of revenue) and net earnings $476M.
Source: Sysco 10-Q on SEC EDGAR.