Filing Flows › GameStop (GME) › Q3 FY26
GameStop (GME) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 9, 2025
GameStop (GME) reported revenue of $821M for the third quarter fiscal 2026 (Q3 FY26), -5% from a year earlier and -16% from the quarter before. Operating margin was 5.0%, net earnings $77.1M (9.4% of revenue).
GameStop, Q3 FY26: revenue $821M (-5% year over year), operating margin 5.0%, net earnings $77.1M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $821M | -16% | -5% |
| Gross profit | $273M | -3% | +6% |
| Operating profit | $41.3M | -38% | — |
| Net earnings | $77.1M | -54% | +343% |
| Operating cash flow | $111M | -5% | +352% |
| Free cash flow | $107M | -6% | +435% |
What changed
Revenue was $821.0M in Q3 FY26, down 5% year over year and down 16% from the previous quarter. Hardware and accessories was the largest line at 45% of revenue. Software lost $74.3M year over year (down 27%), 189% of the total change.
Gross margin was 33.3%, up 3.4 points from a year earlier. Operating profit was $41.3M, a 5.0% margin (up 8.9 points year over year). Operating expenses fell 20% while revenue fell 5%. The fastest-growing cost line was Other operating costs (+24%). Net earnings were $77.1M, up 343% year over year. The effective tax rate was 8.3%. Non-operating items added $42.8M, 51% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $111.3M (up 352% year over year), 144% of net earnings. Non-cash charges added back $7.7M of share-based compensation. Working capital and other items added $26.5M. Capital expenditures of $4.3M left free cash flow of $107.0M.
Questions
What was GameStop's revenue in the third quarter fiscal 2026?
GameStop (GME) reported revenue of $821M for the third quarter fiscal 2026 (Q3 FY26), -5% from a year earlier and -16% from the quarter before.
Was GameStop profitable in the third quarter fiscal 2026?
Operating profit was $41.3M (5.0% of revenue) and net earnings $77.1M.
Source: GameStop 10-Q on SEC EDGAR.