Daily sales increased 14.7% year-over-year, primarily driven by share gains with larger customers, pricing actions, and broad-based demand across core end markets.
Operating margin was 21.0%, consistent year-over-year, as selling, general, and administrative expense leverage fully offset gross margin headwinds, which were primarily related to unfavorable price/cost.
Operating cash flow was $266 million, representing 69% of net income, reflecting the timing of working capital changes associated with strong sales growth.
Returned $305 million to shareholders through dividends and share repurchases, representing 80% of net income.
Continued progress on strategic initiatives, including increased sales effectiveness through key account wins, expansion of digital technologies, and deeper penetration through new customer site growth.
WINONA, Minn., July 14, 2026--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) ('Fastenal,' 'we,' 'our,' or 'us'), a global leader in supply chain services, today reported results for the second quarter ended June 30, 2026. Results reflected strong daily sales growth, operating expense leverage, and continued growth with larger customers supported by our onsite, digital, and supply chain solutions. Except for share and per share information, or as otherwise noted, amounts are stated in millions. Percentage and dollar calculations, which are based on non-rounded dollar values, may not be recalculated or footed using the dollar values included in this document due to the rounding of those dollar values.
PERFORMANCE SUMMARY
Six-month Period | Three-month Period | ||||||||||||||||||
2026 | 2025 | Change | 2026 | 2025 | Change | ||||||||||||||
Net sales | $ | 4,588.6 | 4,039.7 | 13.6 | % | $ | 2,386.9 | 2,080.3 | 14.7 | % | |||||||||
Business days | 127 | 127 | 64 | 64 | |||||||||||||||
Daily sales | $ | 36.1 | 31.8 | 13.6 | % | $ | 37.3 | 32.5 | 14.7 | % | |||||||||
Gross profit | $ | 2,046.6 | 1,826.7 | 12.0 | % | $ | 1,063.6 | 942.8 | 12.8 | % | |||||||||
% of net sales | 44.6 | % | 45.2 | % | 44.6 | % | 45.3 | % | |||||||||||
Selling, general, and administrative (SG&A) expenses | $ | 1,097.2 | 996.7 | 10.1 | % | $ | 561.8 | 506.7 | 10.9 | % | |||||||||
% of net sales | 23.9 | % | 24.7 | % | 23.5 | % | 24.4 | % | |||||||||||
Operating income | $ | 949.4 | 830.0 | 14.4 | % | $ | 501.8 | 436.1 | 15.1 | % | |||||||||
% of net sales | 20.7 | % | 20.5 | % | 21.0 | % | 21.0 | % | |||||||||||
Income before income taxes | $ | 950.4 | 829.8 | 14.5 | % | $ | 502.1 | 436.6 | 15.0 | % | |||||||||
% of net sales | 20.7 | % | 20.5 | % | 21.0 | % | 21.0 | % | |||||||||||
Net income | $ | 722.6 | 628.9 | 14.9 | % | $ | 382.8 | 330.3 | 15.9 | % | |||||||||
Diluted net income per share | $ | 0.63 | 0.55 | 14.8 | % | $ | 0.33 | 0.29 | 15.9 | % | |||||||||
Note – Daily sales rate (DSR) is defined as the total net sales for the period divided by the number of business days (in the U.S.) in the period. |
QUARTERLY RESULTS OF OPERATIONS