Filing Flows › GameStop (GME) › Q1 FY27
GameStop (GME) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 11, 2026
GameStop (GME) reported revenue of $835M for the first quarter fiscal 2027 (Q1 FY27), +14% from a year earlier and -24% from the quarter before. Operating margin was 17.2%, net earnings $390M (46.6% of revenue).
GameStop, Q1 FY27: revenue $835M (+14% year over year), operating margin 17.2%, net earnings $390M, operating cash flow $337M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $835M | -24% | +14% |
| Gross profit | $340M | -12% | +35% |
| Operating profit | $143M | +6% | — |
| Net earnings | $390M | +205% | +770% |
| Operating cash flow | $337M | +74% | +75% |
| Free cash flow | $333M | +78% | +76% |
What changed
Revenue was $835.3M in Q1 FY27, up 14% year over year and down 24% from the previous quarter. Collectibles was the largest line at 42% of revenue. Collectibles added $137.4M year over year (up 65%), 134% of the total change. Software declined 13%.
Gross margin was 40.7%, up 6.2 points from Q1 FY26. Operating profit was $143.3M, a 17.2% margin (up 18.6 points year over year). Operating expenses fell 25% while revenue rose 14%. Net earnings were $389.6M, up 770% year over year. The effective tax rate was 23.1%. Non-operating items added $363.1M, 72% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $337.4M (up 75% year over year), 87% of net earnings. Non-cash charges added back $8.5M of share-based compensation. Working capital and other items used $60.7M. Capital expenditures of $4.5M left free cash flow of $332.9M.
Questions
What was GameStop's revenue in the first quarter fiscal 2027?
GameStop (GME) reported revenue of $835M for the first quarter fiscal 2027 (Q1 FY27), +14% from a year earlier and -24% from the quarter before.
Was GameStop profitable in the first quarter fiscal 2027?
Operating profit was $143M (17.2% of revenue) and net earnings $390M.
Source: GameStop 10-Q on SEC EDGAR.