W.W. Grainger (GWW) Q1 FY2026 earnings: revenue $4.7 billion, up 10.1% on the year
W.W. Grainger, Inc. (GWW) reported revenue of $4.7 billion for Q1 FY2026, the quarter ended 31 March 2026, up 10.1% on the same quarter a year earlier. Net income was $555 million, up 15.9% on the year, and diluted earnings per share $11.65. The figures are the company's own, from the 10-Q it filed with the SEC on 7 May 2026.
Revenue
$4.7 billion
+10.1% on the year · +7.2% on the quarter
Q2 FY2024Q1 FY2026
Operating margin
16.7%
15.6% a year earlier
Q2 FY2024Q1 FY2026
Net income
$555 million
+15.9% on the year · +23.1% on the quarter
Q2 FY2024Q1 FY2026
Diluted EPS
$11.65
+18.2% on the year · +23.4% on the quarter
Q2 FY2024Q1 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 7 raised, 1 narrowed, 4 kept.
Sales rose 10.1%: Net sales were $4,742 million against $4,306 million, up 10.1%. Daily, organic constant currency sales rose 12.2% after adjusting for the U.K. exit and currency.
Operating earnings rose 18.0%: Operating earnings were $793 million, up 18.0% from $672 million, and operating margin reached 16.7%, a 110 basis point increase.
Endless Assortment grew 19.6%: Endless Assortment sales rose 19.6%, or 21.9% on a daily, organic constant currency basis. Management attributed the growth to MonotaRO and Zoro.
$ million except per share. Read moreFourth 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
$ million
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
739
395
646
+87.1%
+14.4%
Capital expenditure
170
126
125
+34.9%
+36.0%
Free cash flow
569
269
521
+111.5%
+9.2%
Free cash flow margin
12.0%
6.1%
12.1%
Cash from investing
-178
-102
-125
Cash from financing
-446
-226
-898
Depreciation and amortisation
80.0
83.0
79.0
-3.6%
+1.3%
Share-based compensation
14.0
15.0
12.0
-6.7%
+16.7%
Buybacks
237
247
281
-4.0%
-15.7%
Dividends paid
108
109
115
-0.9%
-6.1%
Dividend per share
$2.26
n/a
$2.05
+10.2%
Diluted shares, weighted
47m
48m
48m
-0.4%
-1.9%
Shares outstanding at period end
47m
47m
48m
-0.3%
-1.7%
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
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
3,930
3,736
3,480
+5.2%
+12.9%
Non-controlling interest
413
405
367
+2.0%
+12.5%
Debt
2,411
2,488
2,281
-3.1%
+5.7%
Operating lease liabilities
299
301
320
-0.7%
-6.6%
Other liabilities
2,420
2,032
2,210
+19.1%
+9.5%
Total liabilities and equity
9,473
8,962
8,658
+5.7%
+9.4%
Fixed assets
2,359
2,268
1,974
+4.0%
+19.5%
Goodwill
358
360
356
-0.6%
+0.6%
Intangible assets
268
265
249
+1.1%
+7.6%
Cash and equivalents
695
585
666
+18.8%
+4.4%
Receivables
2,627
2,329
2,369
+12.8%
+10.9%
Inventory
2,385
2,394
2,309
-0.4%
+3.3%
Other assets
781
761
735
+2.6%
+6.3%
Total assets
9,473
8,962
8,658
+5.7%
+9.4%
Questions
What was W.W. Grainger's revenue in Q1 FY2026?
W.W. Grainger (GWW) reported revenue of $4.7 billion for Q1 FY2026, the quarter ended 31 March 2026, up 10.1% on the same quarter a year earlier.
How much did W.W. Grainger earn in Q1 FY2026?
Net income for Q1 FY2026 was $555 million, up 15.9% on the year, and diluted earnings per share $11.65.
When did W.W. Grainger report Q1 FY2026 results?
W.W. Grainger filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 7 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 7 May 2026: the filing.