Filing Flows › Hasbro (HAS) › Q4 2025
Hasbro (HAS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Hasbro (HAS) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and -9% from the quarter before. Operating margin was 20.6%, net earnings $202M (13.9% of revenue).
Hasbro, Q4 2025: revenue $1.4B (+15% year over year), operating margin 20.6%, net earnings $202M, operating cash flow $403M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -9% | +15% |
| Operating profit | $298M | -13% | +397% |
| Net earnings | $202M | -14% | — |
| Operating cash flow | $403M | +44% | +55% |
| Free cash flow | $390M | +49% | +62% |
What changed
Revenue was $1.4B in Q4 2025, up 15% year over year and down 9% from the previous quarter. Grow Brands was the largest line at 75% of revenue.
Operating profit was $0.30B, a 20.6% margin (up 15.8 points year over year). Of the extra revenue versus a year earlier, 128% reached operating profit, above the 5% margin then. Total costs fell 4% while revenue rose 15%. The fastest-growing cost line was Research & development (+59%). Net earnings were $0.20B. The effective tax rate was 25.0%.
Operating cash flow was $0.40B (up 55% year over year), 199% 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 $0.15B. Capital expenditures of $0.01B left free cash flow of $0.39B.
Questions
What was Hasbro's revenue in the fourth quarter 2025?
Hasbro (HAS) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and -9% from the quarter before.
Was Hasbro profitable in the fourth quarter 2025?
Operating profit was $298M (20.6% of revenue) and net earnings $202M.
Source: Hasbro 10-K on SEC EDGAR.