Filing Flows › Sysco (SYY) › Q4 FY26 › vs Q3 FY26
Sysco (SYY) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Sysco's revenue rose $1.6B (+8%) from $20.5B in Q3 FY26 to $22.1B in Q4 FY26. The biggest changes: Fresh and frozen meats +$354M (+9%); Canned and dry products +$250M (+7%); Fresh produce +$237M (+14%). Gross margin 18.7% against 18.6% (+0.1 pts).
Sysco, Q4 FY26: revenue $22.1B (+5% year over year), operating margin 4.4%, net earnings $551M, operating cash flow $1.2B. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 18.7% | 18.6% | +0.1 pts |
| Operating margin | 4.4% | 3.0% | +1.4 pts |
| Net margin | 2.5% | 1.7% | +0.8 pts |
| Free cash flow margin | 4.2% | 3.4% | +0.9 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Fresh and frozen meats | $4.5B | $4.2B | $354M | +9% |
| Canned and dry products | $3.9B | $3.7B | $250M | +7% |
| Frozen fruits, vegetables, bakery and other | $3.3B | $3.1B | $147M | +5% |
| Dairy products | $2.1B | $2.0B | $154M | +8% |
| Poultry | $2.0B | $1.9B | $118M | +6% |
| Fresh produce | $1.9B | $1.7B | $237M | +14% |
| Paper and disposables | $1.5B | $1.4B | $114M | +8% |
| Beverage products | $855M | $780M | $75.0M | +10% |
| Seafood | $824M | $768M | $56.0M | +7% |
| Other | $719M | $677M | $42.0M | +6% |
| Equipment and smallwares | $520M | $462M | $58.0M | +13% |
| Revenue | $22.1B | $20.5B | $1.6B | +8% |
| Gross profit | $4.1B | $3.8B | $322M | +8% |
| Cost of revenue | $18.0B | $16.7B | $1.3B | +8% |
| Operating profit | $983M | $619M | $364M | +59% |
| Operating expenses | $3.2B | $3.2B | −$42.0M | -1% |
| Pre-tax earnings | $720M | $445M | $275M | +62% |
| Other expense, net | $263M | $174M | $89.0M | +51% |
| Net earnings | $551M | $340M | $211M | +62% |
| Income tax | $169M | $105M | $64.0M | +61% |
| Depreciation & amortization | $252M | $251M | $1.0M | +0.4% |
| Share-based compensation | $23.0M | $31.0M | −$8.0M | -26% |
| Working capital & other | $349M | $230M | $119M | +52% |
| Operating cash flow | $1.2B | $852M | $323M | +38% |
| Free cash flow (OCF − capex) | $936M | $691M | $245M | +35% |
| Capital expenditures | $239M | $161M | $78.0M | +48% |
Questions
How much did Sysco's revenue grow quarter over quarter in Q4 FY26?
Sysco's revenue rose $1.6B (+8%) from $20.5B in Q3 FY26 to $22.1B in Q4 FY26.
What drove Sysco's revenue change in Q4 FY26?
Fresh and frozen meats +$354M (+9%); Canned and dry products +$250M (+7%); Fresh produce +$237M (+14%).