Global Industrial (GIC) Q3 FY2026 earnings: revenue $390 million, up 10.2% on the year

Global Industrial Co. (GIC) reported revenue of $390 million for Q3 FY2026, the quarter ended 30 September 2026, up 10.2% on the same quarter a year earlier. Net income was $25 million, up 30.9% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2026.

Revenue

$390 million

+10.2% on the year · +0.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

8.4%

7.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$25 million

+30.9% on the year · -33.7% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.64

+33.3% on the year · -33.3% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 new, 1 kept.

Average daily sales grew 8.5%: Average daily sales rose 8.5% against the prior year, marking the fourth consecutive quarter of high-single-digit growth on that measure.
Industrial and retail verticals led growth: Management said revenue growth was led by the industrial and retail customer verticals, with double-digit performance among the largest strategic accounts.
Gross margin up on tariff refunds: Gross margin was 35.7% against 35.6%; management said it benefited by about 60 basis points from tariff refunds.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	390	387	354	+0.8%	+10.2%
Cost of revenue	251	231	228	+8.4%	+10.1%
Gross profit	139	155	126	-10.6%	+10.2%
Gross margin	35.7%	40.2%	35.6%
Selling, general and administrative	106	106	99.7	+0.1%	+6.5%
Operating income	32.7	49.3	26.3	-33.7%	+24.3%
Operating margin	8.4%	12.8%	7.4%
Pre-tax income	33.1	50.3	26.1	-34.2%	+26.8%
Income tax	8.6	13.2	7.3	-34.8%	+17.8%
Effective tax rate	26.0%	26.2%	28.0%
Net income	24.6	37.1	18.8	-33.7%	+30.9%
Net margin	6.3%	9.6%	5.3%
Diluted EPS	$0.64	$0.96	$0.48	-33.3%	+33.3%

$ million except per share.

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

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	44.3	41.4	22.7	+7.0%	+95.2%
Capital expenditure	1.0	0.9	0.7	+11.1%	+42.9%
Free cash flow	43.3	40.5	22.0	+6.9%	+96.8%
Free cash flow margin	11.1%	10.5%	6.2%
Cash from investing	-1.0	-0.9	-0.7
Cash from financing	-10.7	-15.5	-9.8
Depreciation and amortisation	2.0	2.0	2.0	0.0%	0.0%
Share-based compensation	1.8	1.7	2.2	+5.9%	-18.2%
Buybacks	0.0	4.7	0.0
Dividends paid	10.7	10.8	10.1	-0.9%	+5.9%
Dividend per share	$0.28	$0.28	$0.26	0.0%	+7.7%
Diluted shares, weighted	38m	38m	38m	0.0%	-0.8%
Shares outstanding at period end	38m	38m	38m	+0.2%	-0.8%

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	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	358	343	316	+4.6%	+13.4%
Debt	0.0	0.0	0.0
Operating lease liabilities	80.4	84.5	100	-4.9%	-19.7%
Other liabilities	196	201	186	-2.6%	+5.2%
Total liabilities and equity	635	628	602	+1.0%	+5.3%
Fixed assets	17.6	17.8	18.8	-1.1%	-6.4%
Goodwill	40.6	40.6	40.6	0.0%	0.0%
Intangible assets	21.3	21.4	23.8	-0.5%	-10.5%
Cash and equivalents	119	86.7	67.2	+37.5%	+77.4%
Receivables	176	187	149	-5.7%	+18.2%
Inventory	153	164	175	-6.4%	-12.3%
Other assets	107	112	128	-4.3%	-16.9%
Total assets	635	628	602	+1.0%	+5.3%

Questions

What was Global Industrial's revenue in Q3 FY2026?

Global Industrial (GIC) reported revenue of $390 million for Q3 FY2026, the quarter ended 30 September 2026, up 10.2% on the same quarter a year earlier.

How much did Global Industrial earn in Q3 FY2026?

Net income for Q3 FY2026 was $25 million, up 30.9% on the year, and diluted earnings per share $0.64.

When did Global Industrial report Q3 FY2026 results?

Global Industrial filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 3 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	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
Revenue	262	289	318	298	260	274	326	355	320	323	348	342	302	321	359	354	346	350	387	390
Cost of revenue	165	181	206	192	167	175	213	238	212	212	225	226	200	209	226	228	226	228	231	251
Gross profit	97.0	108	113	107	93.8	98.4	113	116	108	111	122	116	102	112	133	126	119	122	155	139
Gross margin	37%	37%	35%	36%	36%	36%	35%	33%	34%	34%	35%	34%	34%	35%	37%	36%	34%	35%	40%	36%
SG&A	70.9	78.3	82.5	79.1	76.1	80.6	83.8	88.1	86.8	93.5	96.1	94.1	87.8	93.9	99.5	99.7	99.5	101	106	106
Operating income	26.1	29.5	30.5	27.5	17.7	17.8	29.1	28.2	21.4	17.4	26.4	22.2	14.5	18.2	33.5	26.3	19.6	20.6	49.3	32.7
Operating margin	10%	10%	10%	9%	7%	7%	9%	8%	7%	5%	8%	6%	5%	6%	9%	7%	6%	6%	13%	8%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.7	n/a	0.2	n/a	0.0	n/a	0.1	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	26.1	29.1	30.2	26.9	17.6	17.6	28.8	27.5	21.3	17.2	26.3	22.2	14.1	18.1	33.8	26.1	19.6	20.7	50.3	33.1
Tax rate	22%	25%	25%	25%	24%	24%	25%	25%	29%	24%	23%	24%	25%	25%	26%	28%	26%	26%	26%	26%
Net income	43.0	22.0	22.8	20.2	13.8	13.2	21.5	20.7	15.3	13.2	20.3	16.8	10.7	13.6	25.1	18.8	14.6	16.6	37.1	24.6
Net margin	16%	8%	7%	7%	5%	5%	7%	6%	5%	4%	6%	5%	4%	4%	7%	5%	4%	5%	10%	6%
Diluted EPS	$1.14	$0.58	$0.60	$0.53	$0.36	$0.35	$0.56	$0.54	$0.40	$0.34	$0.52	$0.44	$0.27	$0.35	$0.65	$0.48	$0.38	$0.42	$0.96	$0.64
Operating cash flow	-1.1	-14.1	12.0	25.5	26.8	28.3	37.0	38.4	8.3	6.4	18.8	9.6	15.9	3.4	31.7	22.7	20.0	6.4	41.4	44.3
Capital expenditure	0.0	1.1	1.0	2.8	2.5	0.7	0.7	1.9	0.6	1.3	0.9	0.9	0.7	0.2	1.4	0.7	0.8	0.8	0.9	1.0
Free cash flow	-1.1	-15.2	11.0	22.7	24.3	27.6	36.3	36.5	7.7	5.1	17.9	8.7	15.2	3.2	30.3	22.0	19.2	5.6	40.5	43.3
Buybacks	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	9.1	0.9	4.7	0.0
Dividends paid	43.9	7.0	6.9	6.9	6.8	7.7	7.6	7.7	7.6	9.6	9.6	9.6	9.6	10.1	10.0	10.1	10.1	10.8	10.8	10.7
Shares outstanding	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m
Filing	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	10-Q	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. 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 30 September 2026, filed 3 November 2026: the filing.