Applied Industrial Technologies, Inc. (AIT) Income Statement
AIT FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsAIT revenue and net income
Where AIT's revenue goes
FY2026Each bar shows an amount and its share of revenue. AIT kept 8.3% of revenue as net income.
AIT profit margins
AIT growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.8% | +4.0% | +8.9% | +7.0% |
| Gross profit | +8.9% | +5.4% | +10.0% | +7.9% |
| Operating income | +10.2% | +5.1% | +21.7% | +20.0% |
| Net income | +5.5% | +6.1% | +23.4% | +30.2% |
| EPS (diluted) | +8.3% | +7.8% | +18.6% | +16.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AIT quarterly EPS vs estimates
Applied Industrial Technologies beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $2.86).
AIT income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.97B | $4.56B | $4.48B | $4.41B | $3.81B | $3.24B | $3.25B | $3.47B | $3.07B | $2.59B |
| Cost of revenue | $3.46B | $3.18B | $3.14B | $3.13B | $2.70B | $2.30B | $2.31B | $2.47B | $2.19B | $1.86B |
| Gross profit | $1.51B | $1.38B | $1.34B | $1.29B | $1.11B | $935.5M | $937.7M | $1.01B | $884.0M | $737.7M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $957.3M | $884.6M | $840.9M | $813.8M | $749.7M | $680.8M | $718.2M | $765.9M | $658.2M | $538.7M |
| Total operating expenses | $957.3M | $884.6M | $840.8M | $813.8M | $749.1M | $730.1M | $848.7M | $773.8M | $658.2M | $562.3M |
| Operating income | $549.5M | $498.5M | $495.8M | $473.2M | $357.9M | $205.5M | $89.0M | $233.8M | $225.8M | $174.6M |
| Interest income | $9.4M | $17.6M | $17.7M | $21.6M | $522,000 | $28.6M | $33.6M | $600,000 | $657,000 | $290,000 |
| Interest expense | $7.9M | $34.3M | $20.5M | $24.8M | $26.8M | $30.8M | $37.3M | $40.8M | $24.1M | $8.8M |
| Income before taxes | $544.3M | $501.0M | $498.1M | $449.8M | $329.8M | $177.1M | $55.2M | $194.5M | $204.7M | $167.0M |
| Income taxes | $129.7M | $108.0M | $112.4M | $103.1M | $72.4M | $32.3M | $31.2M | $50.5M | $63.1M | $33.1M |
| Net income | $414.5M | $393.0M | $385.8M | $346.7M | $257.4M | $144.8M | $24.0M | $144.0M | $141.6M | $133.9M |
| EBITDA | $618.2M | $579.7M | $571.0M | $527.7M | $410.1M | $263.0M | $282.9M | $297.4M | $278.7M | $215.5M |
| EPS (diluted) | $10.96 | $10.12 | $9.74 | $8.75 | $6.59 | $4.68 | $3.81 | $4.31 | $3.71 | $2.84 |
| Gross margin | 30.3% | 30.3% | 29.8% | 29.2% | 29.0% | 28.9% | 28.9% | 29.0% | 28.8% | 28.4% |
| Operating margin | 11.1% | 10.9% | 11.1% | 10.7% | 9.4% | 6.3% | 2.7% | 6.7% | 7.3% | 6.7% |
| Net margin | 8.3% | 8.6% | 8.6% | 7.9% | 6.8% | 4.5% | 0.7% | 4.1% | 4.6% | 5.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.25B | $1.16B | $1.20B | $1.22B | $1.17B | $1.07B | $1.10B | $1.16B | $1.15B | $1.08B | $1.10B |
| Cost of revenue | $924.8M | $870.6M | $826.4M | $838.1M | $850.0M | $811.5M | $745.0M | $773.9M | $804.4M | $808.1M | $760.1M | $770.1M |
| Gross profit | $427.9M | $380.8M | $336.6M | $361.4M | $374.7M | $355.3M | $328.1M | $325.1M | $356.2M | $338.2M | $317.1M | $325.1M |
| Sales, general & admin | $285.2M | $242.9M | $230.1M | $232.4M | $239.5M | $225.9M | $207.2M | $5.9M | $216.9M | $217.1M | $202.5M | $204.4M |
| Total operating expenses | $285.2M | $242.9M | $196.8M | $232.4M | $239.7M | $225.9M | $207.2M | $211.9M | $216.9M | $217.0M | $202.5M | $204.4M |
| Operating income | $142.7M | $137.9M | $139.8M | $129.0M | $135.1M | $129.4M | $120.9M | $113.2M | $139.3M | $121.2M | $114.6M | $120.7M |
| Interest income | — | — | $942,000 | $562,000 | $16.9M | $2.6M | $1.5M | $2.7M | — | — | — | $1.3M |
| Interest expense | $137,000 | $2.4M | $4.4M | $993,000 | $5.0M | $4.5M | $3.2M | $4.1M | $17.0M | $265,000 | $1.9M | $1.3M |
| Income before taxes | $157.8M | $135.1M | $122.8M | $128.6M | $135.0M | $127.3M | $122.6M | $116.1M | $140.9M | $122.7M | $115.6M | $118.9M |
| Income taxes | $39.2M | $35.4M | $27.4M | $27.8M | $27.2M | $27.5M | $29.3M | $24.0M | $37.4M | $25.4M | $24.4M | $25.1M |
| Net income | $118.6M | $99.8M | $95.3M | $100.8M | $107.8M | $99.8M | $93.3M | $92.1M | $103.5M | $97.2M | $91.2M | $93.8M |
| EBITDA | $174.2M | $153.9M | $143.8M | $146.3M | $172.5M | $148.6M | $139.2M | $133.7M | $171.2M | $135.7M | $130.8M | $133.4M |
| EPS (diluted) | $3.17 | $2.65 | $2.51 | $2.63 | $2.80 | $2.57 | $2.39 | $2.36 | $2.64 | $2.47 | $2.24 | $2.39 |
| Gross margin | 31.6% | 30.4% | 28.9% | 30.1% | 30.6% | 30.5% | 30.6% | 29.6% | 30.7% | 29.5% | 29.4% | 29.7% |
| Operating margin | 10.5% | 11.0% | 12.0% | 10.8% | 11.0% | 11.1% | 11.3% | 10.3% | 12.0% | 10.6% | 10.6% | 11.0% |
| Net margin | 8.8% | 8.0% | 8.2% | 8.4% | 8.8% | 8.6% | 8.7% | 8.4% | 8.9% | 8.5% | 8.5% | 8.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AIT's financial statements (latest annual report filed August 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AIT financial results
In fiscal year 2026 (ended June 30, 2026), Applied Industrial Technologies reported revenue of $5.0 billion, up 8.8% from the year before. It had net income of $414.5 million (up 5.5%), a net profit margin of 8.3%. Diluted earnings per share came to $10.96. Over five years revenue grew at an average rate of 8.9% a year.
See the AIT stock overview for the latest quote and news, or the AIT chart for price history and technical indicators.
AIT income statement FAQ
What is Applied Industrial Technologies's annual revenue?
Applied Industrial Technologies reported total revenue of $5.0 billion for fiscal year 2026, which ended on June 30, 2026. That was up 8.8% from $4.6 billion the previous year.
Is Applied Industrial Technologies profitable?
Yes. Applied Industrial Technologies reported net income of $414.5 million in fiscal 2026, a net profit margin of 8.3%; its operating margin was 11.1%.
What is Applied Industrial Technologies's gross margin?
Applied Industrial Technologies's gross margin was 30.3% in fiscal 2026: for every $100 of revenue, Applied Industrial Technologies kept $30 after the direct cost of its products and services.
How fast is Applied Industrial Technologies growing?
Revenue grew 8.9% a year on average over the last five fiscal years, from $3.2 billion to $5.0 billion.
What are Applied Industrial Technologies's earnings per share?
Applied Industrial Technologies earned $10.96 per diluted share in fiscal 2026, compared with $10.12 a year earlier.
When will Applied Industrial Technologies report its next earnings?
Applied Industrial Technologies is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does Applied Industrial Technologies's fiscal year end?
Applied Industrial Technologies's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 13, 2026.