Filing Flows › Gaming & Leisure Properties (GLPI) › Q1 FY26
Gaming & Leisure Properties (GLPI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-K filed Feb 19, 2026
Gaming & Leisure Properties (GLPI) reported revenue of $407M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and +2% from the quarter before. Operating margin was 89.3%, net earnings $267M (65.7% of revenue).
Gaming & Leisure Properties, Q1 FY26: revenue $407M (+4% year over year), operating margin 89.3%, net earnings $267M, operating cash flow $343M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | +2% | +4% |
| Operating profit | $363M | +8% | +18% |
| Net earnings | $267M | +11% | +23% |
| Operating cash flow | $343M | +43% | +17% |
| Free cash flow | $38.8M | -79% | -88% |
What changed
Revenue was $407.0M in Q1 FY26, up 4% year over year and up 2% from the previous quarter.
Operating profit was $363.4M, a 89.3% margin (up 10.2 points year over year). Of the extra revenue versus a year earlier, 317% reached operating profit, above the 79% margin then. Total costs fell 46% while revenue rose 4%. Net earnings were $267.3M, up 23% year over year. The effective tax rate was 0.2%.
Operating cash flow was $343.2M (up 17% year over year), 125% of net income including minority interests. Non-cash charges added back $68.4M of depreciation and amortization and $4.6M of share-based compensation. Capital expenditures of $304.4M left free cash flow of $38.8M.
Questions
What was Gaming & Leisure Properties' revenue in the first quarter fiscal 2026?
Gaming & Leisure Properties (GLPI) reported revenue of $407M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and +2% from the quarter before.
Was Gaming & Leisure Properties profitable in the first quarter fiscal 2026?
Operating profit was $363M (89.3% of revenue) and net earnings $267M.