Ferguson Enterprises (FERG) Q1 FY2026 earnings: revenue $7.5 billion, up 3.6% on the year
Ferguson Enterprises Inc. (FERG) reported revenue of $7.5 billion for Q1 FY2026, the quarter ended 31 March 2026, up 3.6% on the same quarter a year earlier as this quarter's filing gives it. Net income was $414 million, up 20.0% on the year as this quarter's filing gives it, and diluted earnings per share $2.13. The figures are the company's own, from the 10-Q it filed with the SEC on 5 May 2026.
Revenue
$7.5 billion
-2.0% on the quarter
Q1 FY2024Q1 FY2026
Operating margin
8.2%
Q1 FY2024Q1 FY2026
Net income
$414 million
+1.0% on the quarter
Q1 FY2024Q1 FY2026
Diluted EPS
$2.13
+2.9% on the quarter
Q1 FY2024Q1 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 4 kept.
Sales rose 3.6% on organic growth: Net sales were $7.5 billion, 3.6% above last year. Organic revenue growth contributed 2.8% and acquisitions 0.8%. Price inflation was in the mid-single digits.
Non-residential revenue up 8%: Non-residential revenue rose 8% in the quarter. Management credited its scale, expertise, multi-customer group approach and value-added solutions for share gains, while calling the overall non-residential market mixed.
Residential revenue down 1%: Residential end markets, about half of US revenue, remained challenged. Management said residential revenue fell 1% in the quarter while the company outperformed weak markets.
$ million except per share. Read moreFree 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
$ million
Q1 FY2026
Q3 FY2025
A year earlier
On the quarter
On the year
Last 8 quarters
Operating cash flow
772
682
n/a
+13.2%
Capital expenditure
92.0
77.0
n/a
+19.5%
Free cash flow
680
605
n/a
+12.4%
Free cash flow margin
9.1%
7.9%
n/a
Cash from investing
-94.0
-272
n/a
Cash from financing
-413
-686
n/a
Depreciation and amortisation
97.0
94.0
n/a
+3.2%
Share-based compensation
16.0
9.0
n/a
+77.8%
Buybacks
236
251
n/a
-6.0%
Dividends paid
174
166
n/a
+4.8%
Dividend per share
$0.89
$0.83
n/a
+7.2%
Diluted shares, weighted
195m
198m
n/a
-1.9%
Shares outstanding at period end
194m
197m
n/a
-1.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q1 FY2026
Q3 FY2025
A year earlier
On the quarter
On the year
Last 8 quarters
Shareholders' equity
5,874
5,531
n/a
+6.2%
Debt
4,127
4,101
n/a
+0.6%
Operating lease liabilities
1,489
1,300
n/a
+14.5%
Other liabilities
6,299
6,333
n/a
-0.5%
Total liabilities and equity
17,789
17,265
n/a
+3.0%
Fixed assets
1,931
1,832
n/a
+5.4%
Goodwill
2,481
2,427
n/a
+2.2%
Intangible assets
653
750
n/a
-12.9%
Cash and equivalents
820
519
n/a
+58.0%
Receivables
3,669
3,748
n/a
-2.1%
Inventory
4,676
4,548
n/a
+2.8%
Other assets
3,559
3,441
n/a
+3.4%
Total assets
17,789
17,265
n/a
+3.0%
Questions
What was Ferguson Enterprises' revenue in Q1 FY2026?
Ferguson Enterprises (FERG) reported revenue of $7.5 billion for Q1 FY2026, the quarter ended 31 March 2026, up 3.6% on the same quarter a year earlier as the company restated it.
How much did Ferguson Enterprises earn in Q1 FY2026?
Net income for Q1 FY2026 was $414 million, up 20.0% on the year, and diluted earnings per share $2.13.
When did Ferguson Enterprises report Q1 FY2026 results?
Ferguson Enterprises filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 5 May 2026.
Each quarter as filed, linked to its filing. Read more* 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.
10-Q for the period ended 31 March 2026, filed 5 May 2026: the filing.