Filing Flows › US Foods Holding (USFD) › Q3 2026
US Foods Holding (USFD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
US Foods Holding (USFD) reported revenue of $10.4B for the third quarter 2026 (Q3 2026), +2% from a year earlier and -1% from the quarter before. Operating margin was 3.6%, net earnings $218M (2.1% of revenue).
US Foods Holding, Q3 2026: revenue $10.4B (+2% year over year), operating margin 3.6%, net earnings $218M, operating cash flow $435M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.4B | -1% | +2% |
| Gross profit | $1.9B | -0.8% | +9% |
| Operating profit | $371M | -16% | +32% |
| Net earnings | $218M | -21% | +42% |
| Operating cash flow | $435M | +0.9% | +24% |
| Free cash flow | $343M | -3% | +45% |
What changed
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.
Questions
What was US Foods Holding's revenue in the third quarter 2026?
US Foods Holding (USFD) reported revenue of $10.4B for the third quarter 2026 (Q3 2026), +2% from a year earlier and -1% from the quarter before.
Was US Foods Holding profitable in the third quarter 2026?
Operating profit was $371M (3.6% of revenue) and net earnings $218M.
Source: US Foods Holding 10-Q on SEC EDGAR.