Filing Flows › GameStop (GME) › Q2 FY27 › vs Q2 FY26
GameStop (GME) Q2 FY27 vs Q2 FY26 (year over year)
GameStop's revenue fell $182M (-19%) from $972M in Q2 FY26 to $790M in Q2 FY27. The biggest changes: Video Games −$231M (-47%); Collectibles +$129M (+57%); Pre--Owned and Refurbished −$79.3M (-32%). Gross margin 43.7% against 29.1% (+14.5 pts).
GameStop, Q2 FY27: revenue $790M (-19% year over year), operating margin 20.3%, net earnings $299M, operating cash flow $62.4M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 43.7% | 29.1% | +14.5 pts |
| Operating margin | 20.3% | 6.8% | +13.4 pts |
| Net margin | 37.8% | 17.3% | +20.5 pts |
| Free cash flow margin | 7.7% | 11.7% | -4.0 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Collectibles | $356M | $228M | $129M | +57% |
| Video Games | $263M | $495M | −$231M | -47% |
| Pre--Owned and Refurbished | $171M | $250M | −$79.3M | -32% |
| Revenue | $790M | $972M | −$182M | -19% |
| Gross profit | $345M | $283M | $61.9M | +22% |
| Cost of revenue | $445M | $689M | −$244M | -35% |
| Other income, net | $260M | $108M | $152M | +140% |
| Operating profit | $160M | $66.4M | $93.8M | +141% |
| Operating expenses | $185M | $217M | −$31.9M | -15% |
| Pre-tax earnings | $420M | $175M | $246M | +141% |
| Net earnings | $299M | $169M | $130M | +77% |
| Income tax | $122M | $6.0M | $116M | 20× |
| Share-based compensation | $7.3M | $6.3M | $1.0M | +16% |
| Working capital & other | $244M | $57.5M | $186M | +324% |
| Operating cash flow | $62.4M | $117M | −$55.0M | -47% |
| Free cash flow (OCF − capex) | $60.7M | $113M | −$52.6M | -46% |
| Capital expenditures | $1.7M | $4.1M | −$2.4M | -59% |
Questions
How much did GameStop's revenue grow year over year in Q2 FY27?
GameStop's revenue fell $182M (-19%) from $972M in Q2 FY26 to $790M in Q2 FY27.
What drove GameStop's revenue change in Q2 FY27?
Video Games −$231M (-47%); Collectibles +$129M (+57%); Pre--Owned and Refurbished −$79.3M (-32%).