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Ferguson Enterprises Inc. (FERG) Q2 FY2026 Financial Statements: Net sales $8.75B, Net income $666.00M

CIK 0002011641 · NYSE · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0002011641-26-000040) · Annual report: FY2025 10-KT (filed 2026-02-27, accession 0002011641-26-000006) · Next filing: 10-K, due (projected 2026-09-25)

More for Ferguson Enterprises: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

Ferguson Enterprises reported net sales of $8.75 billion for Q2 FY2026, the quarter ended June 30, 2026, up 4.6% from the same three months a year earlier, with net income of $666 million, up 5.0%, and diluted earnings per share of $3.43, up from $3.21. Growth came from price inflation, higher volume and acquisitions, led by US non-residential markets, and operating profit rose to $893 million, up 6.1%, helped by lower restructuring charges, while gross margin slipped slightly against a year-earlier quarter lifted by supplier price increases. Ferguson's fiscal year now ends December 31, so its 2026 quarters are compared with the same calendar months of 2025.

MetricAmountvs. year ago
Net sales$8,751,000,000up 4.6%
Net income$666,000,000up 5.0%
Diluted EPS$3.43up 6.9%
Operating profit$893,000,000up 6.1%
US net sales$8,343,000,000up 5.0%

Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.

About this file

TickerFERG
CIK0002011641
CompanyFerguson Enterprises Inc.
Business typeindustrial
Schema templatestandard (industrial distribution): net sales, cost of sales, gross profit, operating profit, net income, EPS; cash, debt, assets, equity; operating cash flow, capital expenditures, free cash flow; United States and Canada segments
Reporting currencyUSD
Converted to USDno
Unitsactual US dollars (not millions); per-share amounts in US dollars; share counts in actual shares

FERG annual income statement, balance sheet and cash flow

Fiscal 2025 (year ended July 31, 2025)Fiscal 2024 (year ended July 31, 2024)Fiscal 2023 (year ended July 31, 2023)
Period start2024-08-012023-08-012022-08-01
Period end2025-07-312024-07-312023-07-31
Period typefiscal yearfiscal yearfiscal year
Source accession10-KT10-KT10-KT
Income statement
Net sales30,762,000,00029,635,000,00029,734,000,000
Cost of sales21,327,000,00020,582,000,00020,709,000,000
Gross profit9,435,000,0009,053,000,0009,025,000,000
Selling general and administrative expenses6,376,000,0006,038,000,0005,920,000,000
Restructuring and impairment80,000,00028,000,000125,000,000
Depreciation and amortization373,000,000335,000,000321,000,000
Operating profit2,606,000,0002,652,000,0002,659,000,000
Interest expense net190,000,000179,000,000184,000,000
Other income expense net7,000,000-9,000,000-11,000,000
Income before income taxes2,423,000,0002,464,000,0002,464,000,000
Provision for income taxes567,000,000729,000,000575,000,000
Net income1,856,000,0001,735,000,0001,889,000,000
Basic EPS9.338.559.15
Diluted EPS9.328.539.12
Basic weighted shares198,900,000202,900,000206,400,000
Diluted shares199,200,000203,500,000207,200,000
Balance sheet
Cash and cash equivalents674,000,000571,000,000
Accounts receivable net3,964,000,0003,602,000,000
Inventories4,492,000,0004,188,000,000
Total current assets10,146,000,0009,410,000,000
Goodwill2,464,000,0002,357,000,000
Total assets17,729,000,00016,572,000,000
Accounts payable3,577,000,0003,410,000,000
Short term debt400,000,000150,000,000
Total current liabilities6,028,000,0005,216,000,000
Long term debt3,752,000,0003,774,000,000
Total liabilities11,897,000,00010,956,000,000
Total stockholders equity5,832,000,0005,616,000,000
Total debt4,152,000,0003,924,000,000
Cash flow
Net cash provided by operating activities1,908,000,0001,873,000,0002,723,000,000
Purchase of businesses acquired net of cash-301,000,000-260,000,000-616,000,000
Capital expenditures-305,000,000-372,000,000-441,000,000
Net cash used in investing activities-543,000,000-601,000,000-1,054,000,000
Purchase of treasury shares-948,000,000-634,000,000-908,000,000
Cash dividends paid-489,000,000-784,000,000-711,000,000
Net cash used in financing activities-1,286,000,000-1,313,000,000-1,807,000,000
Free cash flow1,603,000,0001,501,000,0002,282,000,000
Segments
United states
Net sales29,269,000,00028,195,000,00028,291,000,000
Adjusted operating profit2,840,000,0002,820,000,0002,892,000,000
Canada
Net sales1,493,000,0001,440,000,0001,443,000,000
Adjusted operating profit66,000,00060,000,00076,000,000
Total segment adjusted operating profit2,906,000,0002,880,000,0002,968,000,000
Shareholder returns
Dividends declared per share3.283.124.16

FERG quarterly income statement, balance sheet and cash flow

Q2 2026 (three months ended June 30, 2026)Three months ended June 30, 2025
Period start2026-04-012025-04-01
Period end2026-06-302025-06-30
Period typethree monthsthree months
Source accession10-Q10-Q
Fiscal quarter2n/a
Income statement
Net sales8,751,000,0008,363,000,000
Cost of sales6,039,000,0005,750,000,000
Gross profit2,712,000,0002,613,000,000
Selling general and administrative expenses1,718,000,0001,650,000,000
Restructuring and impairment2,000,00025,000,000
Depreciation and amortization99,000,00096,000,000
Operating profit893,000,000842,000,000
Interest expense net52,000,00049,000,000
Other income expense net5,000,000-3,000,000
Income before income taxes846,000,000790,000,000
Provision for income taxes180,000,000156,000,000
Net income666,000,000634,000,000
Basic EPS3.443.21
Diluted EPS3.433.21
Basic weighted shares193,700,000197,400,000
Diluted shares194,000,000197,500,000
Balance sheet
Cash and cash equivalents437,000,000
Accounts receivable net4,255,000,000
Inventories5,101,000,000
Total current assets11,027,000,000
Goodwill2,713,000,000
Total assets19,303,000,000
Accounts payable4,060,000,000
Short term debt448,000,000
Total current liabilities6,377,000,000
Long term debt4,456,000,000
Total liabilities13,102,000,000
Total stockholders equity6,201,000,000
Total debt4,904,000,000
Cash flow
Capital expenditures-142,000,000-68,000,000
Segments
United states
Net sales8,343,000,0007,947,000,000
Adjusted operating profit925,000,000899,000,000
Canada
Net sales408,000,000416,000,000
Adjusted operating profit22,000,00023,000,000
Total segment adjusted operating profit947,000,000922,000,000
Shareholder returns
Dividends declared per share0.890.83
Calendar year2025
Calendar quarter2

FERG year-to-date income statement and cash flow

Six months ended June 30, 2026Six months ended June 30, 2025
Period start2026-01-012025-01-01
Period end2026-06-302025-06-30
Period typesix monthssix months
Source accession10-Q10-Q
Income statement
Net sales16,223,000,00015,576,000,000
Cost of sales11,193,000,00010,747,000,000
Gross profit5,030,000,0004,829,000,000
Selling general and administrative expenses3,325,000,0003,215,000,000
Restructuring and impairment4,000,00076,000,000
Depreciation and amortization196,000,000189,000,000
Operating profit1,505,000,0001,349,000,000
Interest expense net97,000,00095,000,000
Other income expense net-2,000,0005,000,000
Income before income taxes1,406,000,0001,259,000,000
Provision for income taxes326,000,000280,000,000
Net income1,080,000,000979,000,000
Basic EPS5.564.94
Diluted EPS5.564.94
Basic weighted shares194,100,000198,100,000
Diluted shares194,400,000198,200,000
Cash flow
Net cash provided by operating activities716,000,0001,123,000,000
Purchase of businesses acquired net of cash-583,000,000-226,000,000
Capital expenditures-234,000,000-141,000,000
Net cash used in investing activities-800,000,000-352,000,000
Purchase of treasury shares-438,000,000-428,000,000
Cash dividends paid-347,000,000-330,000,000
Net cash used in financing activities-17,000,000-1,125,000,000
Free cash flow482,000,000982,000,000
Segments
United states
Net sales15,489,000,00014,851,000,000
Adjusted operating profit1,581,000,0001,510,000,000
Canada
Net sales734,000,000725,000,000
Adjusted operating profit27,000,00029,000,000
Total segment adjusted operating profit1,608,000,0001,539,000,000
Shareholder returns
Dividends declared per share1.781.66

FERG trailing twelve month income statement and cash flow

Twelve months ended June 30, 2026 (derived)
Period start2025-07-01
Period end2026-06-30
Period typetwelve months (derived)
Source accession10-KT, 10-Q
Income statement
Net sales31,963,000,000
Cost of sales22,054,000,000
Gross profit9,909,000,000
Selling general and administrative expenses6,576,000,000
Operating profit2,945,000,000
Interest expense net192,000,000
Income before income taxes2,731,000,000
Provision for income taxes624,000,000
Net income2,107,000,000

Adjustments

Splits appliednone
ADR ration/a
FXn/a
NoteNone applied. Ferguson reports in US dollars, its common stock trades directly on the NYSE (not as an ADR), and no share split falls within the periods presented.

Fiscal calendar

Current fiscal year endDecember 31
Former fiscal year endJuly 31
Transition periodAugust 1, 2025 to December 31, 2025 (five months)
NamingFiscal 2025, fiscal 2024 and fiscal 2023 are the twelve-month years ended July 31 of those years. 2026 is the fiscal year ending December 31, 2026, so Q2 2026 is the three months ended June 30, 2026.

Transition period

Transition period: five months ended December 31, 2025Five months ended December 31, 2024 (unaudited comparative)
Period start2025-08-012024-08-01
Period end2025-12-312024-12-31
Period typefive-month transition period (audited)five months (unaudited)
Source accession10-KT10-KT
Income statement
Net sales12,833,000,00012,279,000,000
Cost of sales8,903,000,0008,622,000,000
Gross profit3,930,000,0003,657,000,000
Selling general and administrative expenses2,677,000,0002,587,000,000
Restructuring and impairment-3,000,0003,000,000
Depreciation and amortization157,000,000151,000,000
Operating profit1,099,000,000916,000,000
Interest expense net79,000,00079,000,000
Other income expense net-17,000,0005,000,000
Income before income taxes1,003,000,000842,000,000
Provision for income taxes217,000,000206,000,000
Net income786,000,000636,000,000
Basic EPS4.013.17
Diluted EPS4.013.17
Basic weighted shares195,900,000200,400,000
Diluted shares196,200,000200,700,000
Balance sheet
Cash and cash equivalents557,000,000
Accounts receivable net3,312,000,000
Inventories4,588,000,000
Total current assets9,536,000,000
Goodwill2,470,000,000
Total assets17,152,000,000
Accounts payable3,117,000,000
Short term debt148,000,000
Total current liabilities5,125,000,000
Long term debt3,978,000,000
Total liabilities11,295,000,000
Total stockholders equity5,857,000,000
Total debt4,126,000,000
Cash flow
Net cash provided by operating activities859,000,000
Purchase of businesses acquired net of cash-21,000,000
Capital expenditures-185,000,000
Net cash used in investing activities-164,000,000
Purchase of treasury shares-407,000,000
Cash dividends paid-326,000,000
Net cash used in financing activities-823,000,000
Free cash flow674,000,000
Segments
United states
Net sales12,200,000,000
Adjusted operating profit1,160,000,000
Canada
Net sales633,000,000
Adjusted operating profit18,000,000
Total segment adjusted operating profit1,178,000,000
Shareholder returns
Dividends declared per share1.72
Fiscal yearn/an/a

Notes

  • Ferguson changed its fiscal year-end from July 31 to December 31. Its annual report in force is the transition report on Form 10-KT (accession 0002011641-26-000006, filed February 27, 2026), which covers the five-month transition period from August 1, 2025 to December 31, 2025 and presents the twelve-month fiscal years ended July 31, 2025, 2024 and 2023 as comparatives. The current period is the Q2 2026 Form 10-Q (accession 0002011641-26-000040) for the quarter and six months ended June 30, 2026.
  • The annual list holds the three twelve-month fiscal years ended July 31 (fiscal 2025, 2024 and 2023). They are not calendar years. Balance sheets are given for July 31, 2025 and July 31, 2024 only, because the transition report presents no July 31, 2023 balance sheet.
  • The five-month transition period (August 1 to December 31, 2025) is kept in its own transition_period block and is neither a quarter nor a full year. Its income statement, December 31, 2025 balance sheet and cash flows are from the audited statements in the 10-KT. Its comparative, the five months ended December 31, 2024, comes from Note 17 of the 10-KT, is unaudited, and covers the income statement only.
  • Quarterly entries are the three months ended June 30, 2026 (Q2 2026) and the three months ended June 30, 2025, both from the 10-Q. April to June 2025 fell inside fiscal 2025 under the former July year-end and does not line up with one of that year's fiscal quarters, so it is labelled by its dates and carried as calendar Q2 2025. The three months ended March 31, 2026 are not printed as a separate column in the 10-Q and are not included here.
  • The year_to_date block is the six months ended June 30, 2026, with the six months ended June 30, 2025 as its comparative, from the 10-Q's income statement, cash flow statement, equity statement and segment note. The June 30, 2026 balance sheet sits on the Q2 2026 quarterly entry.
  • Sign convention: income statement expenses (cost of sales, SG&A, restructuring and impairment, depreciation and amortization, net interest expense, income tax provision) are stated as positive amounts; the statements print them in parentheses. A negative restructuring_and_impairment figure is a net credit: the transition period's $3 million net credit reflects a $20 million gain on the sale of a closed US distribution center, partly offset by restructuring charges (10-KT Note 16). other_income_expense_net keeps the statement's sign (positive is income). Cash flow lines keep the cash flow statement's signs, so outflows such as capital expenditures, acquisitions, share repurchases and dividends paid are negative.
  • The income statement line carried as restructuring_and_impairment is captioned 'Restructuring and impairment' in the 10-KT, 'Restructuring expenses' in the 10-Q and 'Restructuring activities' in Note 17 of the 10-KT; it is the same line throughout.
  • total_debt is short-term debt plus long-term debt as printed on the balance sheet. It excludes operating lease liabilities. It is not the company's own 'net debt' measure, which also includes bank overdrafts and derivative liabilities and deducts cash.
  • free_cash_flow is net cash provided by operating activities less capital expenditures, computed from the cash flow statement; the company does not report this figure in these filings. Fiscal 2023 operating cash flow of $2,723 million includes $4 million used by discontinued operations (continuing operations: $2,727 million).
  • The 10-Q prints its cash flow statement for the six-month periods only. The three-month capital expenditures on the quarterly entries ($142 million in Q2 2026, $68 million a year earlier) come from the capital expenditures by segment table in Note 2 of the 10-Q; three-month operating cash flow and free cash flow are not reported.
  • The trailing_twelve_months block (July 1, 2025 to June 30, 2026) is derived, not printed: fiscal 2025, less the five months ended December 31, 2024 (10-KT Note 17), plus the five-month transition period, less the six months ended June 30, 2025, plus the six months ended June 30, 2026. It covers income statement lines only. Its net income of $2,107 million, provision for income taxes of $624 million and net interest expense of $192 million match the twelve-month figures the company prints in the adjusted EBITDA reconciliation of its Q2 2026 earnings release (Exhibit 99.1 to the 8-K, accession 0002011641-26-000038).
  • Segment figures are Ferguson's two reportable segments, United States and Canada, from Note 2 of each filing. Adjusted operating profit is the company's segment profit measure; it excludes central and other costs, restructuring and impairment, and amortization of acquired intangible assets, so the segment totals do not add up to consolidated operating profit.
  • Dividends declared per share are as printed in the statements of stockholders' equity: $0.89 for Q2 2026 and $0.83 for the year-ago quarter; $1.78 and $1.66 for the six-month periods; $1.72 for the transition period; and $3.28, $3.12 and $4.16 for fiscal 2025, 2024 and 2023. Cash dividends paid, on the cash flow statement, are a separate measure from dividends declared.
  • Ferguson Enterprises Inc. became the group's parent on August 1, 2024, through a merger of entities under common control with the predecessor, Ferguson plc. The 10-KT presents fiscal 2024 and fiscal 2023 on the same consolidated basis, which is why the July 31, 2024 balance sheet shows Ferguson plc ordinary shares rather than common stock.
  • Weighted average share counts are printed in millions to one decimal place, so they are exact only to the nearest 100,000 shares.

Uncertainties

  • No three-month operating cash flow or free cash flow is available for Q2 2026 or the year-ago quarter: the 10-Q and the accompanying earnings release print cash flows for the six-month periods only.
  • No June 30, 2025 balance sheet is presented: the 10-Q compares the June 30, 2026 balance sheet with December 31, 2025 only.
  • The five months ended December 31, 2024 are unaudited and limited to the income statement lines in Note 17 of the 10-KT, so the transition period has no year-earlier balance sheet or cash flow comparison and the trailing twelve months has no cash flow figures.
  • The trailing twelve months are assembled from five separately reported periods; each component is as printed, but the total is a derived figure rather than one the company reports in its statements (other than the net income, tax and interest lines noted above).

Company details

NameFerguson Enterprises Inc. /DE/
TickerFERG
CIK0002011641
ExchangeNYSE
StateVirginia
IncorporationDelaware
SIC5070
OfficeTrade & Services
IndustryWholesale-Hardware & Plumbing & Heating Equipment & Supplies

Fiscal period

Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession0002011641-26-000040
Fiscal year end1231
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionSource
annualno10-KT2025FYFY252025-12-312026-02-270002011641-26-000006facts+derived
quarterlyyes10-Q2026Q2FY26Q22026-06-302026-08-100002011641-26-000040facts

FAQ · Ferguson Enterprises financial statements

How much revenue did Ferguson make in Q2 FY2026?

Ferguson Enterprises reported net sales of $8.75 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 4.6% from $8.36 billion in the same three months a year earlier.

What was Ferguson's net income in Q2 FY2026?

Ferguson Enterprises earned net income of $666 million in Q2 FY2026, the quarter ended June 30, 2026, up 5.0% from $634 million a year earlier. Operating profit was $893 million, up 6.1%.

What were Ferguson's earnings per share in Q2 FY2026?

Ferguson Enterprises reported diluted earnings per share of $3.43 for Q2 FY2026, the quarter ended June 30, 2026, up 6.9% from $3.21 in the same three months a year earlier, with share repurchases adding to the increase.

How much did Ferguson's US sales grow in Q2 FY2026?

Ferguson Enterprises' United States segment, which produces almost all of its sales, reported net sales of $8.34 billion for Q2 FY2026, up 5.0% from $7.95 billion a year earlier, led by non-residential markets.

Where can I get Ferguson Enterprises Inc. (FERG) financial data in machine-readable form?

Ticker Scout publishes Ferguson Enterprises Inc.'s financial statements as JSON at https://tickerscout.ai/ferg/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/ferg/narrative.md and https://tickerscout.ai/ferg/events.md. Ferguson Enterprises Inc.'s SEC CIK is 0002011641. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Ferguson Enterprises Inc. (FERG) next file with the SEC?

Ferguson Enterprises Inc. (FERG) is due to file its next Form 10-K with the SEC. The projected date, September 25, 2026, has passed, which means the filing is due or overdue rather than already reported here. That date is a projection rather than a company-announced date: it is derived from Ferguson Enterprises Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0002011641-26-000040.

How this page was built

This page was built from three of Ferguson Enterprises Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names four such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

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Built from Ferguson Enterprises Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.