Filing Flows › WD 40 (WDFC) › Q2 FY26
WD 40 (WDFC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 9, 2026
WD 40 (WDFC) reported revenue of $162M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and +5% from the quarter before. Operating margin was 16.3%, net earnings $20.3M (12.6% of revenue).
WD 40, Q2 FY26: revenue $162M (+11% year over year), operating margin 16.3%, net earnings $20.3M, operating cash flow $14.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $162M | +5% | +11% |
| Gross profit | $89.9M | +4% | +13% |
| Operating profit | $26.3M | +13% | +13% |
| Net earnings | $20.3M | +16% | -32% |
| Operating cash flow | $14.3M | +43% | +79% |
| Free cash flow | $12.5M | +38% | +89% |
What changed
Revenue was $161.7M in Q2 FY26, up 11% year over year and up 5% from the previous quarter. WD-40 Multi-Use Product was the largest line at 79% of revenue. WD-40 Multi-Use Product added $13.7M year over year (up 12%), 88% of the total change. HCCP declined 29%.
Gross margin was 55.6%, up 1.1 points from Q2 FY25. Operating profit was $26.3M, a 16.3% margin (up 0.3 points year over year). Of the extra revenue versus Q2 FY25, 19% reached operating profit, above the 16% margin then. Operating expenses grew 13% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $20.3M, down 32% year over year. The effective tax rate was 21.4%.
Operating cash flow was $14.3M (up 79% year over year), 70% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $11.3M. Capital expenditures of $1.8M left free cash flow of $12.5M.
Questions
What was WD 40's revenue in the second quarter fiscal 2026?
WD 40 (WDFC) reported revenue of $162M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and +5% from the quarter before.
Was WD 40 profitable in the second quarter fiscal 2026?
Operating profit was $26.3M (16.3% of revenue) and net earnings $20.3M.
Source: WD 40 10-Q on SEC EDGAR.