Filing Flows › Academy Sports & Outdoors (ASO) › Q3 FY26
Academy Sports & Outdoors (ASO) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 9, 2025
Academy Sports & Outdoors (ASO) reported revenue of $1.4B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -14% from the quarter before. Operating margin was 7.3%, net earnings $71.6M (5.2% of revenue).
Academy Sports & Outdoors, Q3 FY26: revenue $1.4B (+3% year over year), operating margin 7.3%, net earnings $71.6M, operating cash flow $49.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -14% | +3% |
| Gross profit | $493M | -14% | +8% |
| Operating profit | $100M | -42% | +10% |
| Net earnings | $71.6M | -43% | +9% |
| Operating cash flow | $49.0M | -38% | -49% |
What changed
Revenue was $1.4B in Q3 FY26, up 3% year over year and down 14% from the previous quarter. Outdoors was the largest line at 32% of revenue. Sports and recreation added $0.02B year over year (up 6%), 38% of the total change.
Gross margin was 35.7%, up 1.7 points from a year earlier. Operating profit was $0.10B, a 7.3% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 7% margin then. Operating expenses grew 8% against revenue growth of 3%. Net earnings were $0.07B, up 9% year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.05B (down 49% year over year), 68% of net earnings. Non-cash charges added back $0.03B of depreciation and $0.01B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Academy Sports & Outdoors' revenue in the third quarter fiscal 2026?
Academy Sports & Outdoors (ASO) reported revenue of $1.4B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -14% from the quarter before.
Was Academy Sports & Outdoors profitable in the third quarter fiscal 2026?
Operating profit was $100M (7.3% of revenue) and net earnings $71.6M.