Company file · SYY
Sysco
Fresh and Frozen Meats1 was Sysco's fastest-growing product or service in FY2026, up 12.6%
Revenue rose 3.9% to $84.6B in FY2026, from $81.4B in FY2025. Net income fell 3.9% to $1.8B. Fresh and Frozen Meats1 was the largest product or service, at 20% of revenue.
Key facts
Sysco (NYSE: SYY) reported revenue of $84.6B for fiscal 2026, the year ended Jun 27, 2026, up 3.9% from fiscal 2025. Net income was $1.8B, down 3.9%. In its latest 10-Q, for the quarter ended Sep 26, 2026, revenue was $21.7B, up 2.8% from the same quarter a year earlier, and net income was $526M. The largest piece by product or service was Fresh and Frozen Meats1, at 20% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Aug 21, 2026) and 10-Q for the quarter ended Sep 26, 2026 (filed Nov 4, 2026).
Source: 10-K FY2026, filed Aug 21, 2026
Source: 10-Q filed Nov 4, 2026
How it makes money
By product or service, FY2026
- LineAmountSharevs FY2025
- Fresh and Frozen Meats1$17.1B20%+12.6%
- Canned and Dry Products1$15.0B18%+2.6%
- Frozen Fruits, Vegetables, Bakery and Other1$12.7B15%+3.2%
- Dairy Products1$8.3B10%−4.6%
- Poultry1$7.9B9%−2.8%
- Fresh Produce1$7.0B8%+4.9%
- Paper and Disposables1$5.6B7%+2.4%
- Beverage Products1$3.2B4%+7.4%
- Seafood1$3.1B4%+10.2%
- Other Products$2.8B3%+4.5%
- Equipment and Smallwares$1.9B2%+1.4%
Source: 10-K FY2026, XBRL breakdown
By product or service in FY2026: Fresh and Frozen Meats1 (20%), Canned and Dry Products1 (18%), Frozen Fruits, Vegetables, Bakery and Other1 (15%) and Dairy Products1 (10%), as shares of total revenue. Total revenue was $84.6B.
Source: 10-K FY2026
By region, FY2026
Share is of the FY2026 total; the last column is the change from FY2025.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q1 FY2027 (Jul to Sep 2026) compared with Q1 FY2026 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q1 FY2027Q1 FY2026
Company
Source: Sysco 10-Q for the quarter ended Sep 26, 2026, filed Nov 4, 2026
By product or service
Source: Sysco 10-Q for the quarter ended Sep 26, 2026, filed Nov 4, 2026
The bull case and the bear case
The bull case
- Revenue rose 3.9% in FY2026 to $84.6B, from $81.4B a year earlier. 10-K, FY2026
- Operating cash flow rose 5.1% in FY2026 to $2.6B. 10-K, FY2026
- Diluted shares fell 1.9% in FY2026, so each share represents a larger slice of profit. 10-K, FY2026
- Revenue in the quarter ended Sep 26, 2026 was $21.7B, up 2.8% on a year earlier. 10-Q, quarter ended Sep 26, 2026
The bear case
- Net income fell 3.9% in FY2026 to $1.8B, from $1.8B. 10-K, FY2026
- Dairy Products1 revenue fell 4.6% in FY2026 to $8.3B. 10-K, FY2026
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include costs; consumer habits; retail customers. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Sysco is in the food distributors industry, part of the consumer staples sector. The SEC files it under Wholesale-Groceries & Related Products.
The full description of Sysco's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service and region.
Its latest fiscal year, FY2026, ended Jun 27, 2026.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the food distributors industry. They are not a summary of Sysco’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- CostsCommodity, packaging and freight costs can rise faster than prices.
- Consumer habitsShoppers can trade down to store brands or change what they buy.
- Retail customersA few large retailers account for much of its sales.
- Regulation and safetyFood and product safety rules and recalls can bring cost and reputational harm.
- CompetitionRivals and private-label products compete for shelf space and prices.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | $78.8B | $81.4B | $84.6B |
| Net income | $2.0B | $1.8B | $1.8B |
| Operating cash flow | $3.0B | $2.5B | $2.6B |
| Cash & equivalents (year end) | $696M | $1.1B | $1.8B |
| Total debt (year end) | $12.0B | $13.3B | $13.5B |
| Diluted shares | 503M | 490M | 481M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: The current part of long-term debt and lease obligations plus long-term debt, at carrying value.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Net debt and net cash
- Debt-to-equity ratio
- Risk factors (Item 1A)
- The cash flow statement
- Leases on the balance sheet
- Credit ratings
- Off-balance-sheet arrangements
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
Recent filings
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Sysco
How does Sysco make money?
Sysco's revenue was $84.6B in fiscal 2026. By product or service in FY2026: Fresh and Frozen Meats1 (20%), Canned and Dry Products1 (18%), Frozen Fruits, Vegetables, Bakery and Other1 (15%) and Dairy Products1 (10%), as shares of total revenue. Total revenue was $84.6B. Source: 10-K for fiscal 2026, filed Aug 21, 2026.
What was Sysco's revenue in fiscal 2026?
$84.6B of revenue for the fiscal year ended Jun 27, 2026, up 3.9% from $81.4B in fiscal 2025. Fiscal 2024 was $78.8B. Source: 10-K for fiscal 2026, filed Aug 21, 2026.
Is Sysco profitable?
Sysco reported net income of $1.8B for fiscal 2026, down 3.9% from $1.8B in fiscal 2025. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 26, 2026, net income was $526M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Aug 21, 2026.
What did Sysco report in its latest quarterly filing?
Revenue was $21.7B in the quarter ended Sep 26, 2026, up 2.8% from $21.1B a year earlier. Net income was $526M, up 10.5% from $476M. Source: 10-Q for the quarter ended Sep 26, 2026, filed Nov 4, 2026.
How much cash and debt does Sysco have?
Sysco had $3.2B in cash and cash equivalents and $13.8B of total debt on Sep 26, 2026. Total debt here is the current part of long-term debt and lease obligations plus long-term debt, at carrying value. Source: 10-Q filed Nov 4, 2026.
What are the main risks Sysco faces?
Sysco's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Aug 21, 2026. Risks that are common among companies in the food distributors industry include Costs; consumer habits; retail customers; regulation and safety; competition. The first: Commodity, packaging and freight costs can rise faster than prices. Source: 10-K, Item 1A Risk Factors.
Where do these Sysco numbers come from?
From Sysco's own SEC filings: the 10-K for fiscal 2026 (filed Aug 21, 2026) and the 10-Q for the quarter ended Sep 26, 2026 (filed Nov 4, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Sysco
- Citadel Advisors: 4,815,455 shares, reported value $402.5M at Jun 30, 2026 (+518.3% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Point72 Asset Management: 1,380,402 shares, reported value $115.4M at Jun 30, 2026 (−42.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Millennium Management: 993,037 shares, reported value $83.0M at Jun 30, 2026 (+24.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Third Point: 580,000 shares, reported value $48.2M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Bridgewater Associates: 172,898 shares, reported value $14.5M at Jun 30, 2026 (+250.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Two Sigma Investments: 31,798 shares, reported value $2.7M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Markel Group: 30,500 shares, reported value $2.4M at Sep 30, 2026 (same number of shares as in the filing for Jun 30, 2026). Form 13F filed Oct 30, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in SYY
- The editor holds no position in Sysco (SYY). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell SYY from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 9, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold SYY, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| SyscoSYY | FY2026 | $84.6B | +3.9% | $1.8B |
| WalmartWMT | FY2026 | $713.2B | +4.7% | $21.9B |
| CostcoCOST | FY2026 | $303.2B | +10.1% | $9.2B |
| Coca-ColaKO | FY2025 | $47.9B | +1.9% | $13.1B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.