Filing Flows › Barnes & Noble Education (BNED) › Q4 FY26 › vs Q3 FY26
Barnes & Noble Education (BNED) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Barnes & Noble Education's revenue fell $248M (-48%) from $515M in Q3 FY26 to $267M in Q4 FY26. Gross margin 31.8% against 18.7% (+13.1 pts).
Barnes & Noble Education, Q4 FY26: revenue $267M (-5% year over year), operating margin 1.6%, net earnings $3.5M, operating cash flow $80.8M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 18.7% | +13.1 pts |
| Operating margin | 1.6% | 2.8% | -1.2 pts |
| Net margin | 1.3% | 1.3% | +0.0 pts |
| Free cash flow margin | 28.6% | -6.4% | +35.0 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $267M | $515M | −$248M | -48% |
| Gross profit | $84.9M | $96.1M | −$11.2M | -12% |
| Cost of revenue | $182M | $419M | −$237M | -57% |
| Operating profit | $4.3M | $14.6M | −$10.3M | -71% |
| Operating expenses | $80.6M | $81.5M | −$908K | -1% |
| Pre-tax earnings | $935K | $9.7M | −$8.8M | -90% |
| Other expense, net | $3.4M | $4.9M | −$1.5M | -31% |
| SG&A | $70.9M | $72.6M | −$1.7M | -2% |
| Other operating costs | $9.7M | $8.9M | $784K | +9% |
| Income tax benefit | $2.5M | −$3.1M | $5.6M | — |
| Net earnings | $3.5M | $6.7M | −$3.2M | -48% |
| Depreciation & amortization | $8.5M | $7.4M | $1.1M | +15% |
| Share-based compensation | $1.0M | $874K | $149K | +17% |
| Working capital & other | $67.8M | −$44.3M | $112M | — |
| Operating cash flow | $80.8M | −$29.4M | $110M | — |
| Free cash flow (OCF − capex) | $76.4M | −$33.1M | $110M | — |
| Capital expenditures | $4.4M | $3.7M | $685K | +18% |
Questions
How much did Barnes & Noble Education's revenue grow quarter over quarter in Q4 FY26?
Barnes & Noble Education's revenue fell $248M (-48%) from $515M in Q3 FY26 to $267M in Q4 FY26. Gross margin 31.8% against 18.7% (+13.1 pts).