Filing Flows › Watsco (WSO) › Gross margin
Watsco (WSO) gross margin by quarter
Watsco's gross margin was 26.4% in Q3 2026 (third quarter 2026), -1.1 pts from Q2 2026. Over the last 7 quarters it ranged from 26.4% (Q3 2026) to 29.3% (Q2 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 26.4% | -1.1 pts | -1.1 pts |
| Q2 2026 | 27.5% | -0.4 pts | -1.8 pts |
| Q1 2026 | 27.9% | +0.8 pts | -0.2 pts |
| Q4 2025 | 27.1% | -0.4 pts | — |
| Q3 2025 | 27.5% | -1.7 pts | — |
| Q2 2025 | 29.3% | +1.2 pts | — |
| Q1 2025 | 28.1% | — | — |
Q3 2026 at a glance
Watsco, Q3 2026: revenue $2.2B (+7% year over year), operating margin 10.1%, net earnings $155M, operating cash flow $325M. The chart follows the revenue to costs, profit and cash.
Questions
What is Watsco's gross margin?
Watsco's gross margin was 26.4% in Q3 2026 (third quarter 2026), -1.1 pts from Q2 2026.
How has Watsco's gross margin changed?
Over the last 7 quarters it ranged from 26.4% (Q3 2026) to 29.3% (Q2 2025).