GWW · 8-K · 20261104PR000088

Operating Margin Drivers

W.W. GRAINGER, INC. · 2026-11-04 · Importance 63 · Surprise 64 · No source text

Third-quarter reported operating earnings were $828 million, up 62.0%, and reported operating margin was 16.0%, up 500 basis points year over year. Adjusted operating earnings were $836 million, up 18.2%, while adjusted operating margin rose 90 basis points to 16.1%. Adjusted margin improvement reflected sales leverage in both segments and a benefit from the U.K. market exit; adjusted results exclude $8 million of current-period acquisition transaction costs and the prior-year U.K. exit loss.

Key facts

• W.W. Grainger, Inc.'s Q3 2026 reported operating earnings were $828 million, up 62.0% year over year, and reported operating margin was 16.0%, up 500 basis points. source
• W.W. Grainger, Inc.'s Q3 2026 adjusted operating earnings were $836 million, up 18.2% year over year, and adjusted operating margin was 16.1%, up 90 basis points. source
• W.W. Grainger, Inc.'s Q3 2026 reported diluted EPS was $12.42, up 102.9% year over year; adjusted diluted EPS was $12.54, up 22.8%. source
• The increase in W.W. Grainger, Inc.'s Q3 2026 adjusted operating margin was driven by sales leverage in both segments and a benefit related to its U.K. market exit. source

Impact estimates