Cintas (CTAS) Q1 FY2027 earnings: revenue $3.0 billion, up 10.9% on the year

Cintas Corp. (CTAS) reported revenue of $3.0 billion for Q1 FY2027, the quarter ended 31 August 2026, up 10.9% on the same quarter a year earlier. Net income was $552 million, up 12.3% on the year, and diluted earnings per share $1.36. The figures are the company's own, from the 10-Q it filed with the SEC on 7 October 2026.

Revenue$3.0 billionup 10.9%

Net income$552 millionup 12.3%

Diluted EPS$1.36

QuarterQ1 FY2027ended 31 August 2026

What management said

Guidance figures: 4 raised, 1 lowered.

Revenue rose 10.9% to $3.01 billion: Revenue was $3.01 billion against $2.72 billion a year earlier. Organic growth, which excludes acquisitions, currency and workday differences, was 8.9%. The quarter had 66 workdays against 65.
Operating margin rose to 23.6%: Operating income equalled 23.6% of revenue, against 22.7% in the prior-year first quarter.
Adjusted diluted EPS $1.39, up 15.8%: Diluted EPS was $1.36, up 13.3% from $1.20. Adjusted diluted EPS, which excludes UniFirst transaction expenses, was $1.39.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q1 FY2027	Q4 FY2026	Q1 FY2026	Change on the year
Revenue	3,014	2,905	2,718	+10.9%
Cost of revenue	1,460	1,425	1,352	+8.1%
Gross profit	1,554	1,480	1,367	+13.7%
Gross margin	51.5%	51.0%	50.3%
Selling, general and administrative	827	792	749	+10.5%
Operating income	712	673	618	+15.2%
Operating margin	23.6%	23.2%	22.7%
Interest expense	24.7	25.8	24.2	+2.3%
Pre-tax income	690	648	596	+15.8%
Income tax	138	137	105	+31.8%
Effective tax rate	20.0%	21.2%	17.6%
Net income	552	511	491	+12.3%
Net margin	18.3%	17.6%	18.1%
Diluted EPS	$1.36	$1.26	$1.20	+13.3%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2027	Q4 FY2026	Q1 FY2026	Change on the year
Operating cash flow	572	709	414	+38.1%
Capital expenditure	108	96.0	102	+5.5%
Free cash flow	465	613	313	+48.7%
Free cash flow margin	15.4%	21.1%	11.5%
Cash from investing	-117	-158	-116	n/a
Cash from financing	-500	-443	-424	n/a
Depreciation and amortisation	127	131	126	+1.1%
Share-based compensation	31.0	31.1	30.3	+2.3%
Buybacks	316	18.9	266	+18.6%
Dividends paid	181	181	158	+14.5%
Dividend per share	$0.52	n/a	$0.45	+15.6%
Diluted shares, weighted	404m	404m	409m	-1.2%
Shares outstanding at period end	400m	400m	403m	-0.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2027	Q4 FY2026	Q1 FY2026	Change on the year
Shareholders' equity	5,205	5,140	4,756	+9.4%
Debt	2,437	2,437	2,437	+0.0%
Operating lease liabilities	224	221	198	+13.3%
Other liabilities	2,787	2,731	2,448	+13.9%
Total liabilities and equity	10,653	10,529	9,838	+8.3%
Fixed assets	1,768	1,741	1,677	+5.4%
Goodwill	3,549	3,544	3,411	+4.0%
Intangible assets	283	707	689	-58.9%
Cash and equivalents	244	289	138	+76.3%
Receivables	1,588	1,555	1,421	+11.7%
Inventory	433	446	450	-3.7%
Other assets	2,788	2,247	2,052	+35.9%
Total assets	10,653	10,529	9,838	+8.3%

Questions

What was Cintas' revenue in Q1 FY2027?

Cintas (CTAS) reported revenue of $3.0 billion for Q1 FY2027, the quarter ended 31 August 2026, up 10.9% on the same quarter a year earlier.

How much did Cintas earn in Q1 FY2027?

Net income for Q1 FY2027 was $552 million, up 12.3% on the year, and diluted earnings per share $1.36.

When did Cintas report Q1 FY2027 results?

Cintas filed its 10-Q for the quarter ended 31 August 2026 with the SEC on 7 October 2026.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	1,922	1,961	2,075	2,166	2,175	2,190	2,284	2,342	2,377	2,406	2,471	2,502	2,562	2,609	2,668	2,718	2,800	2,841	2,905	3,014
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1,249	1,285	1,290	1,342	1,352	1,388	1,393	1,425	1,460
Gross profit	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1,252	1,277	1,319	1,326	1,367	1,412	1,448	1,480	1,554
Gross margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	50%	50%	51%	50%	50%	50%	51%	51%	52%
SG&A	504	491	542	588	578	587	618	641	642	667	668	691	685	709	729	749	757	789	792	827
Operating income	381	408	404	440	445	447	471	501	500	521	548	561	591	610	597	618	656	660	673	712
Operating margin	20%	21%	19%	20%	20%	20%	21%	21%	21%	22%	22%	22%	23%	23%	22%	23%	23%	23%	23%	24%
Interest expense	21.9	22.0	23.1	27.7	28.9	28.8	25.8	24.5	26.6	25.5	24.1	25.6	26.7	24.8	24.1	24.2	28.1	28.2	25.8	24.7
Pre-tax income	359	386	381	413	416	418	446	476	474	496	527	537	566	586	575	596	629	632	648	690
Tax rate	18%	18%	23%	15%	22%	22%	22%	19%	21%	20%	21%	16%	21%	21%	22%	18%	21%	21%	21%	20%
Net income	295	315	294	352	324	326	346	385	375	398	414	452	448	463	448	491	495	502	511	552
Net margin	15%	16%	14%	16%	15%	15%	15%	16%	16%	17%	17%	18%	18%	18%	17%	18%	18%	18%	18%	18%
Diluted EPS	$0.69	$0.74	$0.70	$0.85	$0.78	$0.79	$0.83	$0.93	$0.90	$0.96	$1.00	$1.10	$1.09	$1.13	$1.09	$1.20	$1.21	$1.24	$1.26	$1.36
Operating cash flow	332	393	551	298	321	425	554	337	393	657	693	460	441	622	636	414	531	621	709	572
Capital expenditure	59.9	57.2	74.8	70.0	76.4	77.7	107	107	93.8	107	102	92.9	101	99.9	115	102	106	90.9	96.0	108
Free cash flow	272	336	476	228	245	347	447	230	299	550	591	367	340	522	521	313	425	531	613	465
Buybacks	5.5	557	304	320	28.3	22.2	27.9	73.3	350	45.0	232	615	36.7	26.6	257	266	636	31.6	18.9	316
Dividends paid	98.8	99.0	98.2	97.7	117	117	117	118	138	137	138	138	157	158	158	158	182	181	181	181
Shares outstanding	415m	410m	407m	406m	406m	407m	407m	408m	405m	406m	405m	403m	403m	404m	403m	403m	400m	400m	400m	400m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 August 2026, filed 7 October 2026, accession 0000723254-26-000047: the filing on EDGAR. All of Cintas Corp.'s filings: EDGAR company page.