Filing Flows › Hasbro (HAS) › Q1 2026
Hasbro (HAS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Hasbro (HAS) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -23% from the quarter before. Operating margin was 24.3%, net earnings $198M (17.8% of revenue).
Hasbro, Q1 2026: revenue $1.1B (+11% year over year), operating margin 24.3%, net earnings $198M, operating cash flow $338M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -23% | +11% |
| Operating profit | $270M | -9% | +58% |
| Net earnings | $198M | -2% | +101% |
| Operating cash flow | $338M | -16% | +145% |
| Free cash flow | $316M | -19% | +154% |
What changed
Revenue was $1.1B in Q1 2026, up 11% year over year and down 23% from the previous quarter. Grow Brands was the largest line at 71% of revenue. Grow Brands added $0.13B year over year (up 19%), 118% of the total change. Reinvent Brands declined 10%.
Operating profit was $0.27B, a 24.3% margin (up 7.3 points year over year). Of the extra revenue versus Q1 2025, 93% reached operating profit, above the 17% margin then. Total costs grew 1% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+15%). Net earnings were $0.20B, up 101% year over year. The effective tax rate was 18.3%.
Operating cash flow was $0.34B (up 145% year over year), 169% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.02B left free cash flow of $0.32B.
Questions
What was Hasbro's revenue in the first quarter 2026?
Hasbro (HAS) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -23% from the quarter before.
Was Hasbro profitable in the first quarter 2026?
Operating profit was $270M (24.3% of revenue) and net earnings $198M.
Source: Hasbro 10-Q on SEC EDGAR.