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GameStop (GME) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Sep 9, 2026 · GameStop (GME) Q2 FY27 earnings results →
Q2 FY27 Revenue down 19% year over year to $790M · 38¢ of every $1 of revenue kept as net profit · operating margin 20.3%
GameStop made $790M in Q2 FY27 (-19% Y/Y): Collectibles $356M, Video Games $263M, Pre--Owned and Refurbished $171M. Operating margin 20.3%, net earnings $299M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 9, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $790.2M in Q2 FY27, down 19% year over year and down 5% from the previous quarter. Collectibles was the largest line at 45% of revenue. Video Games lost $231.4M year over year (down 47%), 127% of the total change.
Gross margin was 43.7%, up 14.5 points from Q2 FY26. Operating profit was $160.2M, a 20.3% margin (up 13.4 points year over year). Operating expenses fell 15% while revenue fell 19%. Net earnings were $298.7M, up 77% year over year. The effective tax rate was 28.9%. Non-operating items added $260.0M, 62% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $62.4M (down 47% year over year), 21% of net earnings. Non-cash charges added back $7.3M of share-based compensation. Working capital and other items used $243.6M. Capital expenditures of $1.7M left free cash flow of $60.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Sep 9, 2026 | $790M | -19% | 20.3% | $299M | $62.4M |
| Q1 FY27 | 10-Q | Jun 11, 2026 | $835M | +14% | 17.2% | $390M | $337M |
| Q4 FY26 | 10-K | Mar 24, 2026 | $1.1B | -14% | 12.2% | $128M | $194M |
| Q3 FY26 | 10-Q | Dec 9, 2025 | $821M | -5% | 5.0% | $77.1M | $111M |
| Q2 FY26 | 10-Q | Sep 9, 2025 | $972M | +22% | 6.8% | $169M | $117M |
| Q1 FY26 | 10-Q | Jun 10, 2025 | $732M | -17% | -1.5% | $44.8M | $192M |
| Q4 FY25 | 10-K | Mar 25, 2025 | $1.3B | -28% | 6.2% | $131M | $162M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About GameStop
GameStop Corp. (“GameStop,” “we,” “us,” “our,” or the “Company”) offers games, collectibles, and entertainment products through its stores and ecommerce platforms. As we navigate the evolving commercial landscape, our business model is expanding beyond traditional retail to include value creation through disciplined capital allocation. We view our significant cash and other sources of liquidity as a strategic asset to be deployed into acquisitions and control transactions that offer long-term value. Our fiscal year is composed of the 52 or 53 weeks ending on the Saturday closest to the last day of January. Fiscal year 2025 consisted of the 52 weeks ended on January 31, 2026 ("fiscal 2025"). Fiscal year 2024 consisted of the 52 weeks ended on February 1, 2025 ("fiscal 2024") and fiscal year 2023 consisted of the 53 weeks ended on February 3, 2024 ("fiscal 2023").
In its own words, from its 10-K, filed Mar 24, 2026.
GameStop against its Retail-Computer & Computer Software Stores peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -19% against the peers' median -19%. Operating margin: 20.3% against the peers' median 9.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GME GameStop | Q2 FY27 | $790M | -19% | 20.3% |
| SNBH Sentient Brands Holdings | Q2 2026 | $465K | +321% | 9.1% |
| CRWE Crown Equity Holdings | Q3 2026 | $102 | -63% | n/m |
Source: GameStop 10-Q on SEC EDGAR · CIK 1326380 · Retail-Computer & Computer Software Stores
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History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results