Snap-on (SNA) Q1 FY2026 earnings: revenue $1.3 billion, up 5.2% on the year

Snap-on Inc. (SNA) reported revenue of $1.3 billion for Q1 FY2026, the quarter ended 4 April 2026, up 5.2% on the same quarter a year earlier. Net income was $247 million, up 2.7% on the year, and diluted earnings per share $4.69. The figures are the company's own, from the 10-Q it filed with the SEC on 23 April 2026.

Revenue

$1.3 billion

+5.2% on the year · -2.4% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

24.4%

25.2% a year earlier

Q2 FY2024Q1 FY2026

Net income

$247 million

+2.7% on the year · -5.3% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$4.69

+4.0% on the year · -5.1% on the quarter

Q2 FY2024Q1 FY2026

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

What management said

Guidance figures: 2 kept.

Net sales rose 5.8% in quarter: Net sales were $1,207.2 million, up $66.1 million, including $26.9 million of favorable currency translation.
Diluted EPS rose to $4.69: Net earnings attributable to Snap-on were $247.0 million, or $4.69 per diluted share, against $240.5 million, or $4.51, a year ago.
Tools Group sales up 3.4% organically: Sales were $486.0 million against $462.9 million; the organic gain of $15.9 million, or 3.4%, came from both U.S. and international operations.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	1,308	1,340	1,243	-2.4%	+5.2%
Operating income	319	340	313	-6.1%	+1.7%
Operating margin	24.4%	25.3%	25.2%
Interest expense	12.4	13.4	12.4	-7.5%	0.0%
Pre-tax income	323	342	315	-5.5%	+2.5%
Income tax	69.7	74.9	68.7	-6.9%	+1.5%
Effective tax rate	21.6%	21.9%	21.8%
Net income	247	261	240	-5.3%	+2.7%
Net margin	18.9%	19.5%	19.3%
Diluted EPS	$4.69	$4.94	$4.51	-5.1%	+4.0%

$ 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

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	369	268	298	+37.5%	+23.5%
Capital expenditure	21.2	13.5	22.9	+57.0%	-7.4%
Free cash flow	348	255	276	+36.5%	+26.1%
Free cash flow margin	26.6%	19.0%	22.2%
Cash from investing	-28.6	25.9	-32.0
Cash from financing	-211	-204	-194
Depreciation and amortisation	25.0	25.3	24.0	-1.2%	+4.2%
Share-based compensation	6.8	7.2	4.5	-5.6%	+51.1%
Buybacks	99.9	80.4	87.2	+24.3%	+14.6%
Dividends paid	127	127	112	+0.1%	+13.0%
Dividend per share	$2.44	n/a	$2.14		+14.0%
Diluted shares, weighted	53m	53m	53m	-0.2%	-1.1%
Shares outstanding at period end	52m	52m	52m	-0.2%	-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

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	5,958	5,932	5,521	+0.4%	+7.9%
Non-controlling interest	25.0	25.0	23.3	0.0%	+7.3%
Debt	1,203	1,203	1,204	+0.0%	-0.1%
Operating lease liabilities	67.9	61.8	70.0	+9.9%	-3.0%
Finance lease liabilities	0.9	1.0	1.1	-10.0%	-18.2%
Other liabilities	1,261	1,190	1,250	+6.0%	+0.9%
Total liabilities and equity	8,516	8,412	8,069	+1.2%	+5.5%
Goodwill	1,102	1,110	1,078	-0.7%	+2.3%
Intangible assets	267	271	271	-1.3%	-1.5%
Cash and equivalents	1,753	1,624	1,435	+7.9%	+22.2%
Receivables	891	881	853	+1.1%	+4.5%
Inventory	1,020	1,025	961	-0.5%	+6.2%
Other assets	3,483	3,501	3,471	-0.5%	+0.3%
Total assets	8,516	8,412	8,069	+1.2%	+5.5%

Questions

What was Snap-on's revenue in Q1 FY2026?

Snap-on (SNA) reported revenue of $1.3 billion for Q1 FY2026, the quarter ended 4 April 2026, up 5.2% on the same quarter a year earlier.

How much did Snap-on earn in Q1 FY2026?

Net income for Q1 FY2026 was $247 million, up 2.7% on the year, and diluted earnings per share $4.69.

When did Snap-on report Q1 FY2026 results?

Snap-on filed its 10-Q for the quarter ended 4 April 2026 with the SEC on 23 April 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	1,195	1,186	1,223	1,190	1,244	1,276	1,285	1,254	1,294	1,282	1,280	1,247	1,299	1,243	1,281	1,292	1,340	1,308	1,335	1,282
Operating income	299	294	312	290	312	326	344	315	326	339	350	324	332	313	327	347	340	319	336	316
Operating margin	25%	25%	26%	24%	25%	26%	27%	25%	25%	26%	27%	26%	26%	25%	26%	27%	25%	24%	25%	25%
Interest expense	11.3	11.6	11.7	11.8	12.0	12.4	12.6	12.4	12.5	12.5	12.3	12.5	12.3	12.4	12.3	12.4	13.4	12.4	12.3	12.5
Pre-tax income	293	290	310	291	312	329	348	320	331	345	357	332	339	315	329	349	342	323	339	319
Tax rate	22%	23%	23%	21%	22%	23%	22%	22%	21%	22%	22%	22%	22%	22%	22%	22%	22%	22%	22%	22%
Net income	224	217	232	224	239	249	264	243	255	264	271	251	258	240	250	265	261	247	261	243
Net margin	19%	18%	19%	19%	19%	19%	21%	19%	20%	21%	21%	20%	20%	19%	20%	21%	19%	19%	20%	19%
Diluted EPS	$4.09	$4.00	$4.27	$4.14	$4.41	$4.60	$4.89	$4.51	$4.75	$4.91	$5.07	$4.70	$4.82	$4.51	$4.72	$5.02	$4.94	$4.69	$4.96	$4.64
Operating cash flow	223	194	141	130	211	302	270	285	297	349	301	274	294	298	237	278	268	369	272	248
Capital expenditure	16.3	20.2	21.3	20.0	22.7	23.0	25.8	25.1	21.1	21.8	23.2	20.4	18.1	22.9	19.7	19.9	13.5	21.2	23.1	24.7
Free cash flow	206	174	120	110	188	279	244	260	276	327	278	254	275	276	218	258	255	348	248	223
Buybacks	75.5	28.8	53.8	50.2	65.3	87.2	94.8	51.8	60.9	70.2	47.4	59.9	112	87.2	79.0	82.0	80.4	99.9	91.4	87.1
Dividends paid	76.1	75.7	75.7	75.7	86.0	86.1	85.9	85.6	98.0	98.2	98.0	97.9	112	112	112	112	127	127	126	126
Shares outstanding	53m	53m	53m	53m	53m	53m	53m	53m	53m	53m	53m	53m	52m	52m	52m	52m	52m	52m	52m	52m
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 4 April 2026, filed 23 April 2026: the filing.