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US Foods Holding (USFD) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · US Foods Holding (USFD) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $10.4B · 2¢ of every $1 of revenue kept as net profit · operating margin 3.6%
US Foods Holding made $10.4B in Q3 2026 (+2% Y/Y): Meats and seafood $3.7B, Dry grocery products $1.8B, Refrigerated and frozen grocery products $1.7B. Operating margin 3.6%, net earnings $218M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $10.4B in Q3 2026, up 2% year over year and down 1% from the previous quarter. Meats and seafood was the largest line at 36% of revenue. Dry grocery products added $0.09B year over year (up 5%), 44% of the total change. Dairy declined 6%.
Gross margin was 18.3%, up 1.1 points from Q3 2025. Operating profit was $0.37B, a 3.6% margin (up 0.8 points year over year). Of the extra revenue versus Q3 2025, 42% reached operating profit, above the 3% margin then. Operating expenses grew 4% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+162%). Net earnings were $0.22B, up 42% year over year. The effective tax rate was 25.6%.
Operating cash flow was $0.43B (up 24% year over year), 200% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.09B left free cash flow of $0.34B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $10.4B | +2% | 3.6% | $218M | $435M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $10.5B | +4% | 4.2% | $275M | $431M |
| Q1 2026 | 10-Q | May 7, 2026 | $9.6B | +3% | 2.2% | $116M | $294M |
| Q4 2025 | 10-K | Feb 12, 2026 | $9.8B | +3% | 3.3% | $184M | $293M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $10.2B | +5% | 2.8% | $153M | $351M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $10.1B | +4% | 3.7% | $224M | $334M |
| Q1 2025 | 10-Q | May 8, 2025 | $9.4B | +4% | 2.4% | $115M | $391M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About US Foods Holding
US Foods Holding Corp. and its consolidated subsidiaries are referred to in this Annual Report as “we,” “our,” “us,” the “Company,” or “US Foods.” US Foods Holding Corp. conducts all of its operations through its wholly owned subsidiary US Foods, Inc. (“USF”) and its subsidiaries. At US Foods, we strive to inspire and empower chefs and foodservice operators to bring great food experiences to consumers. This mission is supported by our brand promise of WE HELP YOU MAKE IT ® .
In its own words, from its 10-K, filed Feb 12, 2026.
US Foods Holding against its Wholesale-Groceries & Related Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +3%. Operating margin: 3.6% against the peers' median 3.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| USFD US Foods Holding | Q3 2026 | $10.4B | +2% | 3.6% |
| SYY Sysco | Q1 FY27 | $21.7B | +3% | 3.3% |
| DPZ Dominos Pizza | Q3 2026 | $1.2B | +3% | 20.4% |
| HFFG HF Foods Group | Q2 2026 | $324M | +3% | 0.9% |
| RAVE Rave Restaurant Group | Q4 FY26 | $3.4M | +9% | 29.8% |
Source: US Foods Holding 10-Q on SEC EDGAR · CIK 1665918 · Wholesale-Groceries & Related Products
Guidance and outlook
13F: who owns USFD and who is buying
More on USFD
- How US Foods Holding makes money: revenue by segment
- US Foods Holding next earnings date and what analysts expect
- US Foods Holding stock forecast, price target and fair value
- Who owns US Foods Holding stock: holders, funds and Congress trades
- US Foods Holding guidance and outlook
- Is US Foods Holding a takeover target? LBO and rumors
- US Foods Holding recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- US Foods Holding guidance history: guided vs reported
- US Foods Holding gross margin by quarter
- US Foods Holding operating margin by quarter
- US Foods Holding net income by quarter
- US Foods Holding free cash flow by quarter
- US Foods Holding capital expenditures by quarter
- US Foods Holding Meats and seafood revenue by quarter
- US Foods Holding Dry grocery products revenue by quarter
- US Foods Holding Refrigerated and frozen grocery products revenue by quarter