Filing Flows › US Foods Holding (USFD) › Q1 2026
US Foods Holding (USFD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
US Foods Holding (USFD) reported revenue of $9.6B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -2% from the quarter before. Operating margin was 2.2%, net earnings $116M (1.2% of revenue).
US Foods Holding, Q1 2026: revenue $9.6B (+3% year over year), operating margin 2.2%, net earnings $116M, operating cash flow $294M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.6B | -2% | +3% |
| Gross profit | $1.7B | -4% | +2% |
| Operating profit | $216M | -33% | -4% |
| Net earnings | $116M | -37% | +0.9% |
| Operating cash flow | $294M | +0.3% | -25% |
| Free cash flow | $196M | +23% | -36% |
What changed
Revenue was $9.6B in Q1 2026, up 3% year over year and down 2% from the previous quarter. Meats and seafood was the largest line at 35% of revenue. Meats and seafood added $0.20B year over year (up 6%), 78% of the total change. Dairy declined 13%.
Gross margin was 17.2%, down 0.1 points from Q1 2025. Operating profit was $0.22B, a 2.2% margin (down 0.1 points year over year). Operating profit fell $0.01B even though revenue rose $0.26B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+60%). Net earnings were $0.12B, up 1% year over year. The effective tax rate was 18.3%.
Operating cash flow was $0.29B (down 25% year over year), 253% 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 $0.04B. Capital expenditures of $0.10B left free cash flow of $0.20B.
Questions
What was US Foods Holding's revenue in the first quarter 2026?
US Foods Holding (USFD) reported revenue of $9.6B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -2% from the quarter before.
Was US Foods Holding profitable in the first quarter 2026?
Operating profit was $216M (2.2% of revenue) and net earnings $116M.
Source: US Foods Holding 10-Q on SEC EDGAR.