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Barnes & Noble Education (BNED) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 10, 2026
Barnes & Noble Education (BNED) reported revenue of $515M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and -20% from the quarter before. Operating margin was 2.8%, net earnings $6.7M (1.3% of revenue).
Barnes & Noble Education, Q3 FY26: revenue $515M (+11% year over year), operating margin 2.8%, net earnings $6.7M, operating cash flow −$29.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $515M | -20% | +11% |
| Gross profit | $96.1M | -26% | +3% |
| Operating profit | $14.6M | -64% | -23% |
| Net earnings | $6.7M | -73% | -63% |
| Operating cash flow | −$29.4M | -144% | — |
What changed
Revenue was $515.1M in Q3 FY26, up 11% year over year and down 20% from the previous quarter.
Gross margin was 18.7%, down 1.6 points from Q3 FY25. Operating profit was $14.6M, a 2.8% margin (down 1.2 points year over year). Operating profit fell $4.3M even though revenue rose $52.3M versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+173%). Net earnings were $6.7M, down 63% year over year. The effective tax rate was 31.7%.
Operating cash flow was −$29.4M. Non-cash charges added back $7.4M of depreciation and amortization and $874K of share-based compensation. Working capital and other items used $44.3M. Capital expenditures of $3.7M exceeded it, leaving free cash flow of −$33.1M.
Questions
What was Barnes & Noble Education's revenue in the third quarter fiscal 2026?
Barnes & Noble Education (BNED) reported revenue of $515M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and -20% from the quarter before.
Was Barnes & Noble Education profitable in the third quarter fiscal 2026?
Operating profit was $14.6M (2.8% of revenue) and net earnings $6.7M.