Filing Flows › Eplus (PLUS) › Q1 FY26
Eplus (PLUS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 7, 2025
Eplus (PLUS) reported revenue of $643M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and +34% from the quarter before. Operating margin was 5.6%, net earnings $37.7M (5.9% of revenue).
Eplus, Q1 FY26: revenue $643M (+20% year over year), operating margin 5.6%, net earnings $37.7M, operating cash flow −$99.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $643M | +34% | +20% |
| Gross profit | $154M | +5% | +21% |
| Operating profit | $36.2M | +4% | +15% |
| Net earnings | $37.7M | +73% | +38% |
| Operating cash flow | −$99.0M | -161% | — |
What changed
Revenue was $642.8M in Q1 FY26, up 20% year over year and up 34% from the previous quarter.
Gross margin was 23.9%, up 0.2 points from a year earlier. Operating profit was $36.2M, a 5.6% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 6% margin then. Operating expenses grew 23% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+187%). Net earnings were $37.7M, up 38% year over year. The effective tax rate was 20.4%. Non-operating items added $11.2M, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$99.0M. Non-cash charges added back $7.4M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $147.5M. Capital expenditures of $835K exceeded it, leaving free cash flow of −$99.8M.
Questions
What was Eplus' revenue in the first quarter fiscal 2026?
Eplus (PLUS) reported revenue of $643M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and +34% from the quarter before.
Was Eplus profitable in the first quarter fiscal 2026?
Operating profit was $36.2M (5.6% of revenue) and net earnings $37.7M.
Source: Eplus 10-Q on SEC EDGAR.