W.W. Grainger (GWW) Q2 FY2026 earnings: revenue $5.0 billion, up 10.3% on the year
W.W. Grainger, Inc. (GWW) reported revenue of $5.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 10.3% on the same quarter a year earlier. Net income was $570 million, up 18.3% on the year, and diluted earnings per share $12.01. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.
Revenue
$5.0 billion
+10.3% on the year · +5.9% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
16.1%
14.9% a year earlier
Q3 FY2024Q2 FY2026
Net income
$570 million
+18.3% on the year · +2.7% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$12.01
+20.5% on the year · +3.1% on the quarter
Q3 FY2024Q2 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 8 raised, 3 narrowed, 1 kept.
Sales rose 10.3% in the quarter: Net sales were $5,021 million against $4,554 million a year earlier. Daily, organic constant currency sales rose 13.7%.
Diluted EPS rose to $12.01: Diluted EPS was $12.01 against $9.97. Management attributed the increase to operating performance and fewer shares outstanding, partly offset by a higher effective tax rate.
Endless Assortment growth led by MonotaRO and Zoro: Endless Assortment sales rose 13.5%, or 20.6% on a daily, organic constant currency basis. Both MonotaRO and Zoro contributed to the growth.
$ 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
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
444
739
377
-39.9%
+17.8%
Capital expenditure
111
170
175
-34.7%
-36.6%
Free cash flow
333
569
202
-41.5%
+64.9%
Free cash flow margin
6.6%
12.0%
4.4%
Cash from investing
-116
-178
-158
Cash from financing
-428
-446
-303
Depreciation and amortisation
85.0
80.0
84.0
+6.2%
+1.2%
Share-based compensation
25.0
14.0
23.0
+78.6%
+8.7%
Buybacks
224
237
226
-5.5%
-0.9%
Dividends paid
145
108
110
+34.3%
+31.8%
Dividend per share
$2.49
$2.26
$2.26
+10.2%
+10.2%
Diluted shares, weighted
47m
47m
48m
-0.4%
-1.9%
Shares outstanding at period end
47m
47m
48m
-0.2%
-1.5%
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
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
4,131
3,930
3,674
+5.1%
+12.4%
Non-controlling interest
382
413
409
-7.5%
-6.6%
Debt
2,408
2,411
2,343
-0.1%
+2.8%
Operating lease liabilities
317
299
305
+6.0%
+3.9%
Other liabilities
2,380
2,420
2,206
-1.7%
+7.9%
Total liabilities and equity
9,618
9,473
8,937
+1.5%
+7.6%
Fixed assets
2,401
2,359
2,107
+1.8%
+14.0%
Goodwill
354
358
365
-1.1%
-3.0%
Intangible assets
272
268
267
+1.5%
+1.9%
Cash and equivalents
589
695
597
-15.3%
-1.3%
Receivables
2,825
2,627
2,472
+7.5%
+14.3%
Inventory
2,371
2,385
2,357
-0.6%
+0.6%
Other assets
806
781
772
+3.2%
+4.4%
Total assets
9,618
9,473
8,937
+1.5%
+7.6%
Questions
What was W.W. Grainger's revenue in Q2 FY2026?
W.W. Grainger (GWW) reported revenue of $5.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 10.3% on the same quarter a year earlier.
How much did W.W. Grainger earn in Q2 FY2026?
Net income for Q2 FY2026 was $570 million, up 18.3% on the year, and diluted earnings per share $12.01.
When did W.W. Grainger report Q2 FY2026 results?
W.W. Grainger filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 4 August 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 30 June 2026, filed 4 August 2026: the filing.