Filing Flows › Sysco (SYY) › Q3 FY26
Sysco (SYY) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 29, 2026
Sysco (SYY) reported revenue of $20.5B for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and -1% from the quarter before. Operating margin was 3.0%, net earnings $340M (1.7% of revenue).
Sysco, Q3 FY26: revenue $20.5B (+5% year over year), operating margin 3.0%, net earnings $340M, operating cash flow $852M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.5B | -1% | +5% |
| Gross profit | $3.8B | +0.5% | +6% |
| Operating profit | $619M | -11% | -9% |
| Net earnings | $340M | -13% | -15% |
| Operating cash flow | $852M | +62% | +4% |
| Free cash flow | $691M | +79% | +11% |
What changed
Revenue was $20.5B in Q3 FY26, up 5% year over year and down 1% from the previous quarter. Fresh and frozen meats was the largest line at 20% of revenue. Fresh and frozen meats added $0.45B year over year (up 12%), 49% of the total change. Dairy products declined 9%.
Gross margin was 18.6%, up 0.3 points from Q3 FY25. Operating profit was $0.62B, a 3.0% margin (down 0.5 points year over year). Operating profit fell $0.06B even though revenue rose $0.92B versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 10% against revenue growth of 5%. Net earnings were $0.34B, down 15% year over year. The effective tax rate was 23.6%.
Operating cash flow was $0.85B (up 4% year over year), 251% of net earnings. Non-cash charges added back $0.25B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.23B. Capital expenditures of $0.16B left free cash flow of $0.69B.
Questions
What was Sysco's revenue in the third quarter fiscal 2026?
Sysco (SYY) reported revenue of $20.5B for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and -1% from the quarter before.
Was Sysco profitable in the third quarter fiscal 2026?
Operating profit was $619M (3.0% of revenue) and net earnings $340M.
Source: Sysco 10-Q on SEC EDGAR.