The financials
Watsco, Inc. by the numbers
Watsco, Inc. (WSO) reported revenue of $1.53B in Q1 2026 (quarter ended Mar 31, 2026), up 0.1% from the same quarter a year earlier. That came with a gross margin of 28% and net income of $79M (5.2% of revenue). For the full year FY2025, revenue was $7.24B (−5.0% year on year) and net income $497M. Its largest region in Jun 2026 was United States at $1.93B, 92% of the disclosed total, well ahead of Latin America And Caribbean at 4.3%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.53B | $1.53B | +0.1% |
| Gross profit | $428M | $430M | −0.5% |
| Operating income | $110M | $112M | −1.8% |
| Net income | $79M | $80M | −1.2% |
| Diluted EPS | $1.87 | $1.93 | −3.1% |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $1.93B | 92% |
| Latin America And Caribbean | $90M | 4.3% |
| Canada | $88M | 4.2% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $2.10B (+37%)
United States grew +2.8% year on yearCanada -5.7% year on year
Segment Latestquarter on quarteryear on year
- United States$1.93B$1.93BQoQ +38%year on year +2.8%+38%+2.8%
- Latin America And Caribbean$89.8M$89.8MQoQ +28%year on year -4.8%+28%-4.8%
- Canada$88.3M$88.3MQoQ +31%year on year -5.7%+31%-5.7%