Filing Flows › US Foods Holding (USFD) › Q2 2026 › vs Q2 2025
US Foods Holding (USFD) Q2 2026 vs Q2 2025 (year over year)
US Foods Holding's revenue rose $450M (+4%) from $10.1B in Q2 2025 to $10.5B in Q2 2026. The biggest changes: Meats and seafood +$213M (+6%); Dry grocery products +$102M (+6%); Produce +$88.0M (+18%). Gross margin 18.2% against 17.6% (+0.6 pts).
US Foods Holding, Q2 2026: revenue $10.5B (+4% year over year), operating margin 4.2%, net earnings $275M, operating cash flow $431M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 18.2% | 17.6% | +0.6 pts |
| Operating margin | 4.2% | 3.7% | +0.5 pts |
| Net margin | 2.6% | 2.2% | +0.4 pts |
| Free cash flow margin | 3.4% | 2.5% | +0.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Meats and seafood | $3.8B | $3.6B | $213M | +6% |
| Dry grocery products | $1.8B | $1.7B | $102M | +6% |
| Refrigerated and frozen grocery products | $1.7B | $1.7B | $61.0M | +4% |
| Dairy | $1.0B | $1.1B | −$71.0M | -6% |
| Equipment, disposables and supplies | $977M | $971M | $6.0M | +0.6% |
| Beverage products | $651M | $600M | $51.0M | +8% |
| Produce | $581M | $493M | $88.0M | +18% |
| Revenue | $10.5B | $10.1B | $450M | +4% |
| Gross profit | $1.9B | $1.8B | $142M | +8% |
| Cost of revenue | $8.6B | $8.3B | $308M | +4% |
| Operating profit | $443M | $372M | $71.0M | +19% |
| Operating expenses | $1.5B | $1.4B | $71.0M | +5% |
| Pre-tax earnings | $369M | $300M | $69.0M | +23% |
| Other expense, net | $74.0M | $72.0M | $2.0M | +3% |
| Net earnings | $275M | $224M | $51.0M | +23% |
| Income tax | $94.0M | $76.0M | $18.0M | +24% |
| Depreciation & amortization | $118M | $115M | $3.0M | +3% |
| Share-based compensation | $32.0M | $23.0M | $9.0M | +39% |
| Working capital & other | $6.0M | −$28.0M | $34.0M | — |
| Operating cash flow | $431M | $334M | $97.0M | +29% |
| Free cash flow (OCF − capex) | $355M | $257M | $98.0M | +38% |
| Capital expenditures | $76.0M | $77.0M | −$1.0M | -1% |
Questions
How much did US Foods Holding's revenue grow year over year in Q2 2026?
US Foods Holding's revenue rose $450M (+4%) from $10.1B in Q2 2025 to $10.5B in Q2 2026.
What drove US Foods Holding's revenue change in Q2 2026?
Meats and seafood +$213M (+6%); Dry grocery products +$102M (+6%); Produce +$88.0M (+18%).