Filing Flows › Eplus (PLUS) › Q1 FY27
Eplus (PLUS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 4, 2026
Eplus (PLUS) reported revenue of $649M for the first quarter fiscal 2027 (Q1 FY27), +1% from a year earlier and +12% from the quarter before. Operating margin was 6.0%, net earnings $30.3M (4.7% of revenue).
Eplus, Q1 FY27: revenue $649M (+1% year over year), operating margin 6.0%, net earnings $30.3M, operating cash flow $76.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $649M | +12% | +1% |
| Gross profit | $151M | +3% | -2% |
| Operating profit | $38.8M | +3% | -10% |
| Net earnings | $30.3M | +21% | -29% |
| Operating cash flow | $76.5M | -27% | — |
| Free cash flow | $75.6M | -27% | — |
What changed
Revenue was $649.1M in Q1 FY27, up 1% year over year and up 12% from the previous quarter. Product Reporting Unit was the largest line at 82% of revenue. Managed Services Reporting Unit added $6.7M year over year (up 15%), 106% of the total change. Professional Services Reporting Unit declined 5%.
Gross margin was 23.3%, down 0.6 points from Q1 FY26. Operating profit was $38.8M, a 6.0% margin (down 0.7 points year over year). Operating profit fell $4.1M even though revenue rose $6.3M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 1%. Net earnings were $30.3M, down 29% year over year. The effective tax rate was 27.8%.
Operating cash flow was $76.5M, 253% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $36.9M. Capital expenditures of $853K left free cash flow of $75.6M.
Questions
What was Eplus' revenue in the first quarter fiscal 2027?
Eplus (PLUS) reported revenue of $649M for the first quarter fiscal 2027 (Q1 FY27), +1% from a year earlier and +12% from the quarter before.
Was Eplus profitable in the first quarter fiscal 2027?
Operating profit was $38.8M (6.0% of revenue) and net earnings $30.3M.
Source: Eplus 10-Q on SEC EDGAR.