Filing Flows › WD 40 (WDFC) › Q3 FY26 › vs Q2 FY26
WD 40 (WDFC) Q3 FY26 vs Q2 FY26 (quarter over quarter)
WD 40's revenue rose $33.4M (+21%) from $162M in Q2 FY26 to $195M in Q3 FY26. The biggest changes: Total maintenance products +$32.9M (+21%); HCCP +$538K (+11%). Gross margin 56.6% against 55.6% (+1.0 pts).
WD 40, Q3 FY26: revenue $195M (+24% year over year), operating margin 20.7%, net earnings $30.2M, operating cash flow $30.5M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 56.6% | 55.6% | +1.0 pts |
| Operating margin | 20.7% | 16.3% | +4.4 pts |
| Net margin | 15.5% | 12.6% | +2.9 pts |
| Free cash flow margin | 15.0% | 7.7% | +7.3 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| WD-40 Multi-Use Product | $153M | $127M | $25.2M | +20% |
| WD-40 Specialist | $28.0M | $22.3M | $5.7M | +25% |
| Other maintenance products | $9.2M | $7.1M | $2.1M | +29% |
| Total maintenance products | $190M | $157M | $32.9M | +21% |
| HCCP | $5.4M | $4.8M | $538K | +11% |
| Revenue | $195M | $162M | $33.4M | +21% |
| Gross profit | $110M | $89.9M | $20.5M | +23% |
| Cost of revenue | $84.7M | $71.7M | $13.0M | +18% |
| Operating profit | $40.3M | $26.3M | $14.0M | +53% |
| Operating expenses | $70.1M | $63.7M | $6.4M | +10% |
| Pre-tax earnings | $39.6M | $25.9M | $13.7M | +53% |
| Other expense, net | $765K | $434K | $331K | +76% |
| SG&A | $56.7M | $54.8M | $1.9M | +3% |
| Other operating costs | $13.4M | $8.9M | $4.5M | +51% |
| Net earnings | $30.2M | $20.3M | $9.9M | +49% |
| Income tax | $9.4M | $5.5M | $3.8M | +69% |
| Depreciation & amortization | $3.4M | $2.4M | $1.1M | +45% |
| Share-based compensation | $1.5M | $2.9M | −$1.4M | -49% |
| Working capital & other | $4.6M | $11.3M | −$6.7M | -59% |
| Operating cash flow | $30.5M | $14.3M | $16.2M | +114% |
| Free cash flow (OCF − capex) | $29.3M | $12.5M | $16.8M | +134% |
| Capital expenditures | $1.2M | $1.8M | −$561K | -32% |
Questions
How much did WD 40's revenue grow quarter over quarter in Q3 FY26?
WD 40's revenue rose $33.4M (+21%) from $162M in Q2 FY26 to $195M in Q3 FY26.
What drove WD 40's revenue change in Q3 FY26?
Total maintenance products +$32.9M (+21%); HCCP +$538K (+11%).