What is Sysco's change in income taxes?

Sysco (SYY) reported change in income taxes of -$47M in Q1 2026.

How has Sysco's change in income taxes changed year-over-year?

Sysco's change in income taxes increased by 53.5% year-over-year, from -$101M to -$47M.

What does change in income taxes mean?

Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.

Sysco SYY Change in Income Taxes

Change in Income Taxes at other companies

PFG

Performance Food GroupPFGC

-$28.9M-142%

Hormel FoodsHRL

$22.79M+264%

BRI

Bridgford FoodsBRID

$28K-80.3%

SEN

Seneca FoodsSENEA

-$8.85M-224%

Tyson FoodsTSN

$1.75M-92.1%

Other financials

Income statement

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Revenue$20.5B+4.7%

Gross profit$3.8B+6.5%

Operating income$619.0M-9.1%

Net income$340.0M-15.2%

EPS (diluted)$0.71-13.4%

Balance sheet

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Cash & equivalents$1.9B+24.4%

Total debt$15.4B+5.3%

Total equity$2.3B+19.5%

Total assets$28.0B+6.2%

Cash flow

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Operating cash flow$852.0M+4.0%

CapEx$161.0M-19.1%

Free cash flow$691.0M+11.5%

Valuation

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Market cap$40.28B+7.4%

Enterprise value$53.76B+4.6%

P/E23.2×+2.7×

P/S0.5×0.0×

Profitability

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Gross margin18.5%+0.2pp

Operating margin3.6%-0.3pp

Net margin2.1%-0.3pp

FCF margin2.2%-0.4pp

Returns & leverage

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Return on equity82.3%-12.6pp

Debt / equity6.7×-0.9×

Current ratio1.3×+0.1×

Where this comes from

Reported directly by Sysco in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable.

The official record: Sysco’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sysco's change in income taxes?: Sysco (SYY) reported change in income taxes of -$47M in Q1 2026.
How has Sysco's change in income taxes changed year-over-year?: Sysco's change in income taxes increased by 53.5% year-over-year, from -$101M to -$47M.
What does change in income taxes mean?: Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.