← Who reports today · Industrials
GWW · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Grainger's sales rose 10.3% to $5.02B, operating income grew 19.0% to $807M and net income 18.3% to $570M; diluted EPS grew 20.5% to $12.01.
Net earnings attributable to W.W. Grainger, Inc.
$570M
up 18.3% y/y
Net sales
$5,021M
up 10.3% y/y
Operating earnings
$807M
up 19.0% y/y
Gross profit
$1,984M
up 13.0% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $5,021 · +10.3% |
| Cost of goods sold | $3,037 · +8.5% |
| Gross profit | $1,984 · +13.0% · 39.5% margin |
| Selling, general and administrative expenses | $1,177 · +9.3% |
| Operating earnings | $807 · +19.0% · 16.1% margin |
| Interest expense – net | $20 · +0.0% |
| Other – net | $11 · +267% |
| Earnings before income taxes | $798 · +20.7% |
| Income tax provision | $198 · +29.4% · 24.8% effective rate |
| Less net earnings attributable to noncontrolling interest | $30 · +15.4% |
| Net earnings attributable to W.W. Grainger, Inc. | $570 · +18.3% · $12.01/sh · 11.4% margin |
Verdict: Grainger's sales rose 10.3% to $5.02B, operating income grew 19.0% to $807M and net income 18.3% to $570M; diluted EPS grew 20.5% to $12.01.
Full-year 2026 guidance was increased, including a diluted adjusted EPS range of $45.50 to $47.25.
Source and notation
Source: GWW press release, 8-K EX-99.1 of 08/04/2026 (SEC EDGAR).
Open as an image: GWW, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Cite / embed this chart
Free to use in articles, research and social posts with credit to Who Reports Today and a link — licensed under CC BY 4.0 (terms).
Chart: “GWW Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/gww/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/gww/q2-2026"><img src="https://whoreportstoday.com/t/gww/q2-2026/sankey.png" alt="GWW Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/gww/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/gww/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/gww/q2-2026">GWW Q2 2026 earnings chart (Who Reports Today)</a>
This is an archived report: the image at this link won’t change. If you change the chart (crop, translate), say so in the credit. Company logos and trademarks are not covered by the license.
- Operating margin was 16.1%, up 120 basis points inclusive of IEEPA tariff refunds, and operating cash flow was $444 million.
- Operating income was $807M (+19.0% y/y), an operating margin of 16.1% vs 14.9% a year ago.
- Gross profit of $1.98B is a gross margin of 39.5% vs 38.5% a year ago.
- Income tax of $198M implies an effective rate of 24.8% vs 23.1% a year ago.
- Diluted EPS was $12.01 vs $9.97 a year ago (+20.5%), while net income changed +18.3%.
What distorts the picture in this report and what to watch beyond the headlines.
GWW — a broad-line distributor of maintenance, repair and operating (MRO) products and services to businesses and institutions, mainly in North America and Japan after leaving the U.K. in 2025.
It reports two segments: High-Touch Solutions North America, which sells with hands-on service, and Endless Assortment, which sells online through Zoro and MonotaRO. · Source: annual report (Form 10-K, SEC)
More reports: HII · Q3 2026 · HON · Q3 2026 · HONA · Q3 2026 · HUBB · Q3 2026 · HWM · Q3 2026 · IEX · Q3 2026 · IR · Q3 2026 · ITW · Q3 2026 · J · Q3 FY2026 · JBHT · Q3 2026 · all reports