Fastenal Q2 FY26: Revenue +14.7%, operating income +15%; gross margin -75bp on price/cost

Filed July 16, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 17, 2025 · ~2 min read

Key Changes

• high

  Q2 FY26 revenue grew 14.7% YoY to $2.4B, operating income +15% to $501.8M (21.0% margin). Heavy manufacturing sales +18.1%, contract customer sales +17.6%, driven by signings since Q1 2024.

  MD&A: Revenue & Operating Income verify on EDGAR →
• high

  Gross margin compressed 75bp to 44.6% (from 45.3%) on unfavorable net price/cost (~40bp), customer mix shift to larger accounts, higher transportation costs, and increased rebates. SG&A leverage (+80bp to 23.5%) fully offset the pressure.

  MD&A: Gross Margin & SG&A verify on EDGAR →
• high

  $50k+ monthly customer Sites increased 16.5% to 3,125 (from 2,683), with sales through these Sites +26.2% to $1,381.2M. Total Sites declined 8.0% to 93,283 as the company rationalizes lower-spend locations.

  MD&A: Customer Sites verify on EDGAR →