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Dick's Sporting Goods (DKS) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 27, 2026
Dick's Sporting Goods (DKS) reported revenue of $6.2B for the fourth quarter fiscal 2026 (Q4 FY26), +60% from a year earlier and +49% from the quarter before. Operating margin was 3.0%, net earnings $128M (2.1% of revenue).
Dick's Sporting Goods, Q4 FY26: revenue $6.2B (+60% year over year), operating margin 3.0%, net earnings $128M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.2B | +49% | +60% |
| Gross profit | $1.8B | +28% | +30% |
| Operating profit | $185M | +98% | -52% |
| Net earnings | $128M | +71% | -57% |
| Operating cash flow | $1.1B | — | +66% |
| Free cash flow | $706M | — | +79% |
What changed
Revenue was $6.2B in Q4 FY26, up 60% year over year and up 49% from the previous quarter. Footwear was the largest line at 47% of revenue.
Gross margin was 28.4%, down 6.5 points from Q4 FY25. Operating profit was $0.18B, a 3.0% margin (down 7.0 points year over year). Operating profit fell $0.20B even though revenue rose $2.3B versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 63% against revenue growth of 60%. The fastest-growing cost line was Other operating costs (+183%). Net earnings were $0.13B, down 57% year over year. The effective tax rate was 28.7%.
Operating cash flow was $1.1B (up 66% year over year), 818% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.74B. Capital expenditures of $0.34B left free cash flow of $0.71B.
Questions
What was Dick's Sporting Goods' revenue in the fourth quarter fiscal 2026?
Dick's Sporting Goods (DKS) reported revenue of $6.2B for the fourth quarter fiscal 2026 (Q4 FY26), +60% from a year earlier and +49% from the quarter before.
Was Dick's Sporting Goods profitable in the fourth quarter fiscal 2026?
Operating profit was $185M (3.0% of revenue) and net earnings $128M.