Jun 2026 (Q2 FY26) — Aug 4, 2026
W.W. Grainger Q2 FY26 — Strong Performance and Raised Full-Year Outlook
Read the full callW.W. Grainger (GWW) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
W.W. Grainger earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5,021 | +10.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.1 | +1.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 570 | +18.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
31 of 34 judged targets kept · 37 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Northwest (Portland) distribution center | start full outbound operations in 2026 | Dec 2025 | we are excited to announce that our new Northwest distribution center in Oregon began outbound operations in July | Achieved |
| Full-year total company daily organic constant currency sales growth | 6.5% to 9% | Dec 2025 | this translates to expected daily organic constant currency sales growth between 11.5% and 13% | Revised Up |
| Full-year Endless Assortment daily organic constant currency sales growth | 12.5% to 15% | Dec 2025 | Sales increased 13.5% on a reported basis or 20.6% on a daily organic constant currency basis | On Track |
3 of W.W. GRAINGER, INC.'s 71 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 68 more targets are in the full ledger.
Claimed
- Company reported sales were up 10.3%, or 13.7% on a daily organic constant currency basis.
- Diluted EPS finished the quarter up over 20% to $12.01.
- Operating cash flow came in at $444 million, enabling $341 million returned to shareholders.
- High Touch Solutions segment sales grew 11.7% on a daily constant currency basis.
- Endless Assortment segment sales increased 20.6% on a daily organic constant currency basis.
- Operating margin was strong at 16.1%, up 120 basis points year-over-year.
Qualified
- Gross margin was impacted by mix headwinds from higher volume of lower-margin products and project-related spend.
- Private label cost headwinds and unfavorable freight costs affected High Touch gross margin.
- MonotaRO's $45 million pre-buy benefit has fully subsided, leading to expectations of slower growth in the second half.
- Anticipated mix headwinds and cost timing pressures (inflation) are partially offsetting improved sales leverage in the updated guidance.
- Operating margins are expected to be down sequentially in Q3, projected to be in the mid-15% range, largely due to the lap of tariff refunds.
Price
$1,318.06 −0.95% · −$12.64
Performance +38.0% 1Y
1Y: $954.99 on 17 Oct 2025 → $1,318.06. High $1,402.03 (16 Jul 2026), low $918.18 (18 Nov 2025).
- Previous close
- $1,330.7
- 52-week range
- $918.18 – $1,402.03
- One year
- +35.75%
Overview
- Symbol
- GWW
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
31 of 34 judged targets kept · 37 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Northwest (Portland) distribution center | start full outbound operations in 2026 | Dec 2025 | we are excited to announce that our new Northwest distribution center in Oregon began outbound operations in July | Achieved |
| Full-year total company daily organic constant currency sales growth | 6.5% to 9% | Dec 2025 | this translates to expected daily organic constant currency sales growth between 11.5% and 13% | Revised Up |
| Full-year Endless Assortment daily organic constant currency sales growth | 12.5% to 15% | Dec 2025 | Sales increased 13.5% on a reported basis or 20.6% on a daily organic constant currency basis | On Track |
Claimed
- Company reported sales were up 10.3%, or 13.7% on a daily organic constant currency basis.
- Diluted EPS finished the quarter up over 20% to $12.01.
- Operating cash flow came in at $444 million, enabling $341 million returned to shareholders.
- High Touch Solutions segment sales grew 11.7% on a daily constant currency basis.
- Endless Assortment segment sales increased 20.6% on a daily organic constant currency basis.
- Operating margin was strong at 16.1%, up 120 basis points year-over-year.
Qualified
- Gross margin was impacted by mix headwinds from higher volume of lower-margin products and project-related spend.
- Private label cost headwinds and unfavorable freight costs affected High Touch gross margin.
- MonotaRO's $45 million pre-buy benefit has fully subsided, leading to expectations of slower growth in the second half.
- Anticipated mix headwinds and cost timing pressures (inflation) are partially offsetting improved sales leverage in the updated guidance.
- Operating margins are expected to be down sequentially in Q3, projected to be in the mid-15% range, largely due to the lap of tariff refunds.
The full ledger
Open W.W. GRAINGER, INC.’s full ledger
A free account opens 5 company ledgers a month. All 71 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
W.W. Grainger Q1 FY26 — Strong Start with Double-Digit Growth and Raised Guidance
Read the full callDec 2025 (Q4 FY25) — Feb 3, 2026
W.W. Grainger Q4 FY25 — Strong Sales Growth and Strategic Execution
Read the full callEvery analysed call
W.W. Grainger earnings calls (GWW)
Financials
What the filings say
Net profit, year on year: +18% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,388 | 4,233 | 4,306 | 4,554 | 4,657 | 4,425 | 4,742 | 5,021 |
| Operating profit | 686 | 633 | 672 | 678 | 511 | 634 | 793 | 807 |
| Operating margin | 15.6% | 14.9% | 15.6% | 14.9% | 11.0% | 14.3% | 16.7% | 16.1% |
| Other income | -15 | -11 | -15 | -17 | -19 | -14 | -18 | -9 |
| Profit before tax | 671 | 622 | 657 | 661 | 492 | 620 | 775 | 798 |
| Tax rate | 24.7% | 20.1% | 23.9% | 23.1% | 34.8% | 22.7% | 25.0% | 24.8% |
| Net profit | 486 | 475 | 479 | 482 | 294 | 451 | 555 | 570 |
| EPS ($ per share) | 9.90 | — | 9.88 | 9.99 | 6.13 | — | 11.67 | 12.02 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
| Reserves | 7,869 | 8,405 | 8,779 | 9,500 | 10,700 | 12,162 | 13,677 | 14,958 |
| Total liabilities | 3,780 | 3,945 | 4,202 | 4,432 | 4,853 | 4,706 | 5,126 | 4,821 |
| Fixed assets | 1,352 | 1,400 | 1,395 | 1,424 | 1,461 | 1,658 | 1,927 | 2,268 |
| Total assets | 5,873 | 6,005 | 6,295 | 6,592 | 7,588 | 8,147 | 8,829 | 8,962 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,057 | 1,042 | 1,123 | 937 | 1,333 | 2,031 | 2,111 | 2,015 |
| Cash from investing | -166 | -202 | -179 | -226 | -263 | -422 | -520 | -645 |
| Cash from financing | -670 | -1,023 | -726 | -1,039 | -972 | -1,278 | -1,180 | -1,825 |
| Net cash flow | 211 | -178 | 225 | -344 | 84 | 335 | 376 | -451 |
| Capital expenditure | -239 | -221 | -197 | -255 | -256 | -445 | -541 | -684 |
| Free cash flow | 818 | 821 | 926 | 682 | 1,077 | 1,586 | 1,570 | 1,331 |
GWW revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| High Touch Solutions NA | 80% | 79% | 79% | 78% | 78% | 77% | 79% | 79% | +11.9% |
| Endless Assortment | 18% | 19% | 19% | 20% | 20% | 21% | 21% | 21% | +13.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
GWW operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Dec 2025 Q4 FY25 | Change vs prior quarter |
|---|---|---|---|
| Employees | 26K+At the core of our success is our more than 26,000 team members who live our purpose-driven culture.Source: earnings call transcript | <25KBefore I open it up for questions, I want to acknowledge our nearly 25,000 Grainger team members who consistently demonstrate our principles and drive strong performance for Grainger.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 82%
- JP 13% ↑ 1 pt
- CA 4%
- Other Foreign Countries 2% ↓ 2 pt
As GWW cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
109 filings between Dec 4, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$33.54M
62 sales by 6 insiders
74% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 14
- Award — granted as compensation
- 4
- Option exercise — converted options into shares
- 28
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Macpherson Donald G | — | $25.96M | Dec 5, 2025 |
| Merriwether Deidra C | — | $4.15M | Apr 2, 2026 |
| Robbins Paige K | — | $1.80M | May 12, 2026 |
| LeRoy Jonny M | — | $1.05M | May 12, 2026 |
| Thomson Laurie R | — | $385.5K | May 12, 2026 |
| Berardinelli Krantz Nancy L | — | $199.7K | Dec 16, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Thomson Laurie R Interim CFO and VP, Controller | Award | 590 | $0 |
| May 12, 2026 | LeRoy Jonny M SVP, Chief Technology Officer | Sale | 111 | $136.7K |
| May 12, 2026 | Robbins Paige K Sr. VP | Sale | 247 | $304.2K |
| May 12, 2026 | Thomson Laurie R VP, Controller | Sale | 23 | $28.4K |
| May 12, 2026 | Thomson Laurie R VP, Controller | Sale | 10 | $12.3K |
| May 12, 2026 | Robbins Paige K Sr. VP | Sale | 382 | $469.7K |
| May 12, 2026 | Thomson Laurie R VP, Controller | Sale | 240 | $295.4K |
| May 12, 2026 | LeRoy Jonny M SVP, Chief Technology Officer | Sale | 233 | $287.2K |
| May 12, 2026 | LeRoy Jonny M SVP, Chief Technology Officer | Sale | 80 | $98.4K |
| May 12, 2026 | Robbins Paige K Sr. VP | Sale | 356 | $439.3K |
| May 12, 2026 | Thomson Laurie R VP, Controller | Sale | 20 | $24.7K |
| May 12, 2026 | LeRoy Jonny M SVP, Chief Technology Officer | Sale | 350 | $430.3K |
| May 12, 2026 | Thomson Laurie R VP, Controller | Sale | 20 | $24.7K |
| May 12, 2026 | Robbins Paige K Sr. VP | Sale | 351 | $432.8K |
| May 12, 2026 | LeRoy Jonny M SVP, Chief Technology Officer | Sale | 80 | $98.7K |
| May 12, 2026 | Robbins Paige K Sr. VP | Sale | 121 | $149.4K |
| May 1, 2026 | Tinto Melanie J SVP & Chief HR Officer | Tax withheld | 413 | $479.6K |
| May 1, 2026 | Tinto Melanie J SVP & Chief HR Officer | Tax withheld | 109 | $126.6K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 40 | $44.3K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 40 | $44.8K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 280 | $313.0K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 160 | $179.0K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 120 | $133.7K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 280 | $311.5K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 40 | $44.4K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 128 | $143.0K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 40 | $44.1K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 80 | $87.8K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 40 | $44.9K |
| Apr 2, 2026 | Merriwether Deidra C Sr. VP & CFO | Sale 10b5-1 plan | 240 | $267.7K |
| Apr 1, 2026 | Merriwether Deidra C Sr. VP & CFO | Award 10b5-1 plan | 1,327 | $0 |
| Apr 1, 2026 | Robbins Paige K Sr. VP | Tax withheld | 166 | $181.1K |
| Apr 1, 2026 | Robbins Paige K Sr. VP | Tax withheld | 156 | $170.2K |
| Apr 1, 2026 | Robbins Paige K Sr. VP | Tax withheld | 218 | $237.8K |
| Apr 1, 2026 | Robbins Paige K Sr. VP | Award | 1,134 | $0 |
| Apr 1, 2026 | Robbins Paige K Sr. VP | Award | 1,327 | $0 |
| Apr 1, 2026 | Macpherson Donald G Chairman and CEO | Award | 3,461 | $0 |
| Apr 1, 2026 | Macpherson Donald G Chairman and CEO | Tax withheld | 2,345 | $2.56M |
| Apr 1, 2026 | Macpherson Donald G Chairman and CEO | Award | 5,292 | $0 |
| Apr 1, 2026 | Berardinelli Krantz Nancy L Sr. VP & CLO | Tax withheld | 128 | $139.6K |
| Apr 1, 2026 | Berardinelli Krantz Nancy L Sr. VP & CLO | Tax withheld | 119 | $129.8K |
| Apr 1, 2026 | Berardinelli Krantz Nancy L Sr. VP & CLO | Tax withheld | 142 | $154.9K |
| Apr 1, 2026 | Berardinelli Krantz Nancy L Sr. VP & CLO | Award | 903 | $0 |
| Apr 1, 2026 | Berardinelli Krantz Nancy L Sr. VP & CLO | Tax withheld | 383 | $417.8K |
| Apr 1, 2026 | Merriwether Deidra C Sr. VP & CFO | Tax withheld 10b5-1 plan | 201 | $219.3K |
| Apr 1, 2026 | Merriwether Deidra C Sr. VP & CFO | Tax withheld 10b5-1 plan | 164 | $178.9K |
| Apr 1, 2026 | Merriwether Deidra C Sr. VP & CFO | Tax withheld 10b5-1 plan | 218 | $237.8K |
| Apr 1, 2026 | Merriwether Deidra C Sr. VP & CFO | Award 10b5-1 plan | 1,619 | $0 |
| Apr 1, 2026 | Merriwether Deidra C Sr. VP & CFO | Tax withheld 10b5-1 plan | 569 | $620.7K |
| Apr 1, 2026 | Berardinelli Krantz Nancy L Sr. VP & CLO | Award | 863 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for W.W. GRAINGER, INC.
Free account. Everything above stays public.
Write why you follow W.W. GRAINGER, INC. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading