Filing Flows › National Vision Holdings (EYE) › Q1 2026 › vs Q1 2025
National Vision Holdings (EYE) Q1 2026 vs Q1 2025 (year over year)
National Vision Holdings's revenue rose $33.6M (+7%) from $510M in Q1 2025 to $544M in Q1 2026. The biggest changes: Products +$26.7M (+6%); Services and plans +$6.8M (+7%). Operating margin 8.3% against 5.1% (+3.2 pts).
National Vision Holdings, Q1 2026: revenue $544M (+7% year over year), operating margin 8.3%, net earnings $31.2M, operating cash flow $61.7M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.3% | 5.1% | +3.2 pts |
| Net margin | 5.7% | 2.8% | +3.0 pts |
| Free cash flow margin | 8.1% | 2.4% | +5.8 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Products | $440M | $413M | $26.7M | +6% |
| Services and plans | $104M | $97.6M | $6.8M | +7% |
| Revenue | $544M | $510M | $33.6M | +7% |
| Operating profit | $45.2M | $26.1M | $19.1M | +73% |
| Costs & expenses | $499M | $484M | $14.5M | +3% |
| Pre-tax earnings | $42.4M | $21.6M | $20.8M | +97% |
| Other expense, net | $2.8M | $4.6M | −$1.7M | -38% |
| Cost of revenue | $219M | $205M | $13.9M | +7% |
| SG&A | $256M | $256M | $560K | +0.2% |
| Other operating costs | $23.4M | $23.5M | −$52K | -0.2% |
| Net earnings | $31.2M | $14.2M | $17.0M | +120% |
| Income tax | $11.2M | $7.4M | $3.8M | +52% |
| Depreciation & amortization | $23.4M | $23.0M | $479K | +2% |
| Share-based compensation | $7.0M | $7.0M | −$7K | -0.1% |
| Working capital & other | $60K | −$11.9M | $12.0M | — |
| Operating cash flow | $61.7M | $32.2M | $29.5M | +91% |
| Free cash flow (OCF − capex) | $44.1M | $12.0M | $32.1M | +267% |
| Capital expenditures | $17.6M | $20.2M | −$2.7M | -13% |
Questions
How much did National Vision Holdings's revenue grow year over year in Q1 2026?
National Vision Holdings's revenue rose $33.6M (+7%) from $510M in Q1 2025 to $544M in Q1 2026.
What drove National Vision Holdings's revenue change in Q1 2026?
Products +$26.7M (+6%); Services and plans +$6.8M (+7%).