Filing Flows › National Vision Holdings (EYE) › Q1 2026
National Vision Holdings (EYE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
National Vision Holdings (EYE) reported revenue of $544M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +8% from the quarter before. Operating margin was 8.3%, net earnings $31.2M (5.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $544M | +8% | +7% |
| Operating profit | $45.2M | +582% | +73% |
| Net earnings | $31.2M | +840% | +120% |
| Operating cash flow | $61.7M | +369% | +91% |
| Free cash flow | $44.1M | — | +267% |
What changed
Revenue was $543.9M in Q1 2026, up 7% year over year and up 8% from the previous quarter. Products was the largest line at 81% of revenue. Products added $26.7M year over year (up 6%), 80% of the total change.
Operating profit was $45.2M, a 8.3% margin (up 3.2 points year over year). Of the extra revenue versus Q1 2025, 57% reached operating profit, above the 5% margin then. Total costs grew 3% against revenue growth of 7%. Net earnings were $31.2M, up 120% year over year. The effective tax rate was 26.4%.
Operating cash flow was $61.7M (up 91% year over year), 198% of net earnings. Non-cash charges added back $23.4M of depreciation and amortization and $7.0M of share-based compensation. Capital expenditures of $17.6M left free cash flow of $44.1M.
Questions
What was National Vision Holdings' revenue in the first quarter 2026?
National Vision Holdings (EYE) reported revenue of $544M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +8% from the quarter before.
Was National Vision Holdings profitable in the first quarter 2026?
Operating profit was $45.2M (8.3% of revenue) and net earnings $31.2M.