Revenue Growth Across the Business
GWW grew total revenue by 10.1% YoY to $4.74B in Q1 FY2026, compared to $4.31B in the prior-year period, demonstrating continued demand strength in its industrial distribution business.
W.W. GRAINGER, INC. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: GWW delivered strong Q1 FY2026 results with revenue up 10.1% YoY to $4.74B, operating income surging 18.0% to $793M, and diluted EPS growing 18.2% to $11.65, reflecting solid margin expansion and robust cash generation.
Drawn from management commentary in the Q1 2026 10-Q:
GWW grew total revenue by 10.1% YoY to $4.74B in Q1 FY2026, compared to $4.31B in the prior-year period, demonstrating continued demand strength in its industrial distribution business.
Gross margin improved modestly to 40.0% from 39.7%, while operating margin expanded meaningfully by approximately 110 basis points to 16.7% from 15.6%, indicating operating leverage as revenue growth outpaced SG&A growth of only 6.3%.
Diluted EPS rose 18.2% YoY to $11.65 from $9.86, outpacing net income growth of 15.9%, partly reflecting the benefit of ongoing share repurchase activity reducing the share count.
Revenue
$4.74B
++10.13% YoY
EPS (Basic)
$11.67
++18.12% YoY
Gross Margin
40.0%
++0.27% YoY
Operating Income
$793M
++18.01% YoY
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