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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington,\n\nD.C.\n\n20549\n\nFORM\n\n10-K\n\n(Mark One)\n\n☒\n\nANNUAL REPORT PURSUANT TO\n\nSECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the fiscal year ended\n\nDecember 27, 2025\n\n☐\n\nTRANSITION REPORT PURSUANT TO\n\nSECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF\n\n1934\n\nFor the transition period from ____________ to ____________\n\nCommission file number\n\n0-27078\n\nHENRY SCHEIN, INC.\n\n(Exact name of registrant as specified in its charter)\n\nDelaware\n\n11-3136595\n\n(State or other jurisdiction of\n\n(I.R.S. Employer Identification No.)\n\nincorporation or organization)\n\n135 Duryea Road\n\nMelville\n\n,\n\nNew York\n\n(Address of principal executive offices)\n\n11747\n\n(Zip Code)\n\n(\n\n631\n\n)\n\n843-5500\n\n(Registrant’s telephone number, including area code)\n\nSecurities registered pursuant to Section 12(b)\n\nof the Act:\n\nTitle of each class\n\nTrading Symbol(s)\n\nName of each exchange on which registered\n\nCommon Stock, par value $.01 per share\n\nHSIC\n\nThe\n\nNasdaq\n\nGlobal Select Market\n\nSecurities registered pursuant to Section 12(g)\n\nof the Act: None\n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.\n\nYES\n\n:\n\n☒\n\nNO:\n\n☐\n\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.\n\nYES:\n\n☐\n\nNO\n\n:\n\n☒\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934\n\nduring the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing\n\nrequirements for the past 90 days.\n\nYES\n\n:\n\n☒\n\nNO:\n\n☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of\n\nRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).\n\nYES\n\n:\n\n☒\n\nNO:\n\n☐\n\nIndicate by check mark whether the registrant is a\n\nlarge accelerated filer, an\n\naccelerated filer, a non-accelerated filer,\n\na smaller reporting company,\n\nor an\n\nemerging\n\ngrowth\n\ncompany.\n\nSee\n\nthe\n\ndefinitions\n\nof\n\n“large\n\naccelerated\n\nfiler,”\n\n“accelerated\n\nfiler,”\n\n“smaller\n\nreporting\n\ncompany,”\n\nand\n\n“emerging\n\ngrowth\n\ncompany” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n\n:\n\n☒\n\nAccelerated filer:\n\n☐\n\nNon-accelerated filer:\n\n☐\n\nSmaller reporting company:\n\n☐\n\nEmerging growth company:\n\n☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any\n\nnew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.\n\n☐\n\nIndicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal\n\ncontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared\n\nor issued its audit report.\n\n☒\n\nIf securities are registered pursuant to\n\nSection 12(b) of the Act, indicate by\n\ncheck mark whether the financial statements of\n\nthe registrant included in the\n\nfiling reflect the correction of an error to previously issued financial statements.\n\n☐\n\nIndicate\n\nby\n\ncheck\n\nmark\n\nwhether\n\nany\n\nof\n\nthose\n\nerror\n\ncorrections\n\nare\n\nrestatements\n\nthat\n\nrequired\n\na\n\nrecovery\n\nanalysis\n\nof\n\nincentive-based\n\ncompensation\n\nreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).\n\n☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).\n\nYES:\n\n☐\n\nNO\n\n:\n\n☒\n\nThe aggregate market value of the registrant’s voting stock held by non-affiliates of the registrant, computed by reference to the closing sales price as\n\nquoted on the Nasdaq Global Select Market on June 28, 2025, was approximately $\n\n8,885,457,000\n\n.\n\nAs of February 17, 2026, there were\n\n114,704,121\n\nshares of registrant’s Common Stock, par value $.01 per share, outstanding.\n\nDocuments Incorporated by Reference:\n\nPortions of the Registrant’s definitive proxy statement to be filed pursuant to Regulation 14A not later than 120 days after the end of the fiscal year\n\n(December 27, 2025) are incorporated by reference in Part III hereof.\n\n2\n\nTABLE OF CONTENTS\n\nPage\n\nNumber\n\n[PART I](#a653)\n\n[ITEM 1.](#a656)\n\n[Business](#a656)\n\n3\n\n[ITEM 1A.](#a23266)\n\n[Risk Factors](#a23266)\n\n28\n\n[ITEM 1B.](#a24694)\n\n[Unresolved Staff Comments](#a24694)\n\n42\n\n[ITEM 1C.](#a24717)\n\n[Cybersecurit](#a24717)\n\n[y](#a24717)\n\n43\n\n[ITEM 2.](#a24967)\n\n[Properties](#a24967)\n\n45\n\n[ITEM 3.](#a25006)\n\n[Legal Proceedings](#a25006)\n\n45\n\n[ITEM 4.](#a25019)\n\n[Mine Safety Disclosures](#a25019)\n\n45\n\n[PART II](#a25034)\n\n[ITEM 5.](#a25037)\n\n[Market for Registrant's Common Equity, Related Stockholder Matters](#a25037)\n\n[and Issuer Purchases of Equity Securities](#a25037)\n\n46\n\n[ITEM 6.](#a25515)\n\n[[Reserved]](#a25515)\n\n47\n\n[ITEM 7.](#a25544)\n\n[Management's Discussion and Analysis of Financial Condition](#a25544)\n\n[and Results of Operations](#a25544)\n\n48\n\n[ITEM 7A.](#a33473)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#a33473)\n\n67\n\n[ITEM 8.](#a33909)\n\n[Financial Statements and Supplementary Data](#a33909)\n\n69\n\n[ITEM 9.](#a58101)\n\n[Changes in and Disagreements With Accountants on Accounting](#a58101)\n\n[and Financial Disclosure](#a58101)\n\n137\n\n[ITEM 9A.](#a58109)\n\n[Controls and Procedures](#a58109)\n\n137\n\n[ITEM 9B.](#a58435)\n\n[Other Information](#a58435)\n\n141\n\n[ITEM 9C.](#a58440)\n\n[Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](#a58440)\n\n141\n\n[PART III](#a58451)\n\n[ITEM 10.](#a58454)\n\n[Directors, Executive Officers and Corporate Governance](#a58454)\n\n141\n\n[ITEM 11.](#a58531)\n\n[Executive Compensation](#a58531)\n\n141\n\n[ITEM 12.](#a58561)\n\n[Security Ownership of Certain Beneficial Owners and Management](#a58561)\n\n[and Related Stockholder Matters](#a58561)\n\n142\n\n[ITEM 13.](#a58674)\n\n[Certain Relationships and Related Transactions, and Director Independence](#a58674)\n\n142\n\n[ITEM 14.](#a58694)\n\n[Principal Accounting Fees and Services](#a58694)\n\n142\n\n[PART IV](#a58711)\n\n[ITEM 15.](#a58714)\n\n[Exhibits and Financial Statement Schedules](#a58714)\n\n142\n\n[ITEM 16.](#a60463)\n\n[Form](#a60463)\n\n[10-K Summary](#a60463)\n\n149\n\n[Signatures](#a60475)\n\n150\n\n[Table of Contents](#a296)\n\n[Index to Financial Statements](#a33909)\n\n3\n\nPART\n\nI"}