Filing Flows › Barnes & Noble Education (BNED) › Q4 FY26
Barnes & Noble Education (BNED) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jul 9, 2026
Barnes & Noble Education (BNED) reported revenue of $267M for the fourth quarter fiscal 2026 (Q4 FY26), -5% from a year earlier and -48% from the quarter before. Operating margin was 1.6%, net earnings $3.5M (1.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $267M | -48% | -5% |
| Gross profit | $84.9M | -12% | +20% |
| Operating profit | $4.3M | -71% | — |
| Net earnings | $3.5M | -48% | — |
| Operating cash flow | $80.8M | — | +54% |
| Free cash flow | $76.4M | — | +54% |
What changed
Revenue was $267.1M in Q4 FY26, down 5% year over year and down 48% from the previous quarter.
Gross margin was 31.8%, up 6.7 points from Q4 FY25. Operating profit was $4.3M, a 1.6% margin (up 5.7 points year over year). Operating expenses fell 2% while revenue fell 5%. Net earnings were $3.5M. The tax line was a benefit of $2.5M on pre-tax earnings of $935K.
Operating cash flow was $80.8M (up 54% year over year), 2319% of net earnings. Non-cash charges added back $8.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $67.8M. Capital expenditures of $4.4M left free cash flow of $76.4M.
Questions
What was Barnes & Noble Education's revenue in the fourth quarter fiscal 2026?
Barnes & Noble Education (BNED) reported revenue of $267M for the fourth quarter fiscal 2026 (Q4 FY26), -5% from a year earlier and -48% from the quarter before.
Was Barnes & Noble Education profitable in the fourth quarter fiscal 2026?
Operating profit was $4.3M (1.6% of revenue) and net earnings $3.5M.