Filing Flows › WD 40 (WDFC) › Q1 FY26
WD 40 (WDFC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 8, 2026
WD 40 (WDFC) reported revenue of $154M for the first quarter fiscal 2026 (Q1 FY26), +0.6% from a year earlier and -6% from the quarter before. Operating margin was 15.1%, net earnings $17.5M (11.3% of revenue).
WD 40, Q1 FY26: revenue $154M (+0.6% year over year), operating margin 15.1%, net earnings $17.5M, operating cash flow $10.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $154M | -6% | +0.6% |
| Gross profit | $86.8M | -3% | +3% |
| Operating profit | $23.3M | -17% | -7% |
| Net earnings | $17.5M | -18% | -8% |
| Operating cash flow | $10.0M | -67% | -33% |
| Free cash flow | $9.1M | -68% | -36% |
What changed
Revenue was $154.4M in Q1 FY26, up 1% year over year and down 6% from the previous quarter. WD-40 Multi-Use Product was the largest line at 76% of revenue. WD-40 Specialist added $3.4M year over year (up 18%), 363% of the total change. HCCP declined 31%.
Gross margin was 56.2%, up 1.4 points from a year earlier. Operating profit was $23.3M, a 15.1% margin (down 1.3 points year over year). Operating profit fell $1.9M even though revenue rose $928K versus a year earlier, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 1%. Net earnings were $17.5M, down 8% year over year. The effective tax rate was 22.8%.
Operating cash flow was $10.0M (down 33% year over year), 57% of net earnings. Non-cash charges added back $2.1M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $11.3M. Capital expenditures of $935K left free cash flow of $9.1M.
Questions
What was WD 40's revenue in the first quarter fiscal 2026?
WD 40 (WDFC) reported revenue of $154M for the first quarter fiscal 2026 (Q1 FY26), +0.6% from a year earlier and -6% from the quarter before.
Was WD 40 profitable in the first quarter fiscal 2026?
Operating profit was $23.3M (15.1% of revenue) and net earnings $17.5M.
Source: WD 40 10-Q on SEC EDGAR.