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Abercrombie & Fitch (ANF) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Sep 4, 2026 · Abercrombie & Fitch (ANF) Q2 FY27 earnings results →
Q2 FY27 Revenue up 5% year over year to $1.3B · 15¢ of every $1 of revenue kept as net profit · operating margin 19.9%
Abercrombie & Fitch made $1.3B in Q2 FY27 (+5% Y/Y): Hollister $670M, Abercrombie $597M. Operating margin 19.9%, net earnings $184M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter
Revenue was $1.3B in Q2 FY27, up 5% year over year and up 14% from the previous quarter. Hollister was the largest line at 53% of revenue. Abercrombie added $0.04B year over year (up 8%), 77% of the total change.
Operating profit was $0.25B, a 19.9% margin (up 2.9 points year over year). Of the extra revenue versus Q2 FY26, 79% reached operating profit, above the 17% margin then. Total costs grew 1% against revenue growth of 5%. The fastest-growing cost line was Sales & marketing (+18%). Net earnings were $0.18B, up 30% year over year. The effective tax rate was 28.7%.
Operating cash flow was $0.27B (up 130% year over year), 145% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.07B left free cash flow of $0.20B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Sep 4, 2026 | $1.3B | +5% | 19.9% | $184M | $269M |
| Q1 FY27 | 10-Q | Jun 5, 2026 | $1.1B | +2% | 8.0% | $67.1M | $44.3M |
| Q4 FY26 | 10-K | Mar 26, 2026 | $1.7B | +5% | 14.1% | $172M | $306M |
| Q3 FY26 | 10-Q | Dec 5, 2025 | $1.3B | +7% | 12.0% | $113M | $200M |
| Q2 FY26 | 10-Q | Sep 5, 2025 | $1.2B | +7% | 17.1% | $141M | $117M |
| Q1 FY26 | 10-Q | Jun 6, 2025 | $1.1B | +8% | 9.3% | $80.4M | −$4.0M |
| Q4 FY25 | 10-K | Mar 31, 2025 | $1.6B | +9% | 16.2% | $187M | $308M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Abercrombie & Fitch
Abercrombie & Fitch Co. (“A&F”), a company incorporated in Delaware in 1996, through its subsidiaries (collectively, A&F and its subsidiaries are referred to as the “Company”), is a global, digitally-led, omnichannel retailer. The Company offers a broad assortment of apparel, personal care products and accessories for men, women and kids, which are sold primarily through its Company-owned stores and digital channels, as well as through various third-party arrangements. The Company manages its business on a geographic basis, consisting of three reportable segments: Americas; Europe, the Middle East and Africa (“EMEA”); and Asia-Pacific (“APAC”). Corporate functions and other income and expenses are evaluated on a consolidated basis and are not allocated to the Company’s segments and therefore are included as a reconciling item between segment and total operating income.
In its own words, from its 10-K, filed Mar 26, 2026.
Abercrombie & Fitch against its Retail-Family Clothing Stores peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +5%. Operating margin: 19.9% against the peers' median 17.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ANF Abercrombie & Fitch | Q2 FY27 | $1.3B | +5% | 19.9% |
| TJX TJX Companies | Q2 FY27 | $15.2B | +5% | 13.3% |
| ROST Ross Stores | Q2 FY27 | $6.3B | +13% | 17.6% |
| GAP Gap | Q2 FY27 | $3.7B | -2% | 18.5% |
| URBN Urban Outfitters | Q2 FY27 | $1.7B | +10% | 17.4% |
| AEO American Eagle Outfitters | Q2 FY27 | $1.4B | +8% | 15.3% |
| BKE Buckle | Q2 FY27 | $320M | +5% | 17.4% |
| LE Lands'' End | Q2 FY27 | $269M | +5% | 3.0% |
| PLCE Childrens Place | Q2 FY27 | $242M | -19% | -5.4% |
Source: Abercrombie & Fitch 10-Q on SEC EDGAR · CIK 1018840 · Retail-Family Clothing Stores
13F: who owns ANF and who is buying
More on ANF
- How Abercrombie & Fitch makes money: revenue by segment
- Abercrombie & Fitch next earnings date and what analysts expect
- Abercrombie & Fitch stock forecast, price target and fair value
- Who owns Abercrombie & Fitch stock: holders, funds and Congress trades
- Is Abercrombie & Fitch a takeover target? LBO and rumors
History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results
- Abercrombie & Fitch guidance history: guided vs reported
- Abercrombie & Fitch operating margin by quarter
- Abercrombie & Fitch net income by quarter
- Abercrombie & Fitch free cash flow by quarter
- Abercrombie & Fitch capital expenditures by quarter
- Abercrombie & Fitch Hollister revenue by quarter
- Abercrombie & Fitch Abercrombie revenue by quarter