Filing Flows › Eplus (PLUS) › Q2 FY26
Eplus (PLUS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 6, 2025
Eplus (PLUS) reported revenue of $609M for the second quarter fiscal 2026 (Q2 FY26), +23% from a year earlier and -5% from the quarter before. Operating margin was 8.0%, net earnings $34.9M (5.7% of revenue).
Eplus, Q2 FY26: revenue $609M (+23% year over year), operating margin 8.0%, net earnings $34.9M, operating cash flow −$34.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $609M | -5% | +23% |
| Gross profit | $162M | +5% | +27% |
| Operating profit | $48.8M | +35% | +81% |
| Net earnings | $34.9M | -8% | +11% |
| Operating cash flow | −$34.8M | — | — |
What changed
Revenue was $608.8M in Q2 FY26, up 23% year over year and down 5% from the previous quarter. Product Reporting Unit was the largest line at 80% of revenue. Product Reporting Unit added $95.4M year over year (up 24%), 83% of the total change.
Gross margin was 26.6%, up 0.8 points from a year earlier. Operating profit was $48.8M, a 8.0% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 5% margin then. Operating expenses grew 13% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $34.9M, up 11% year over year. The effective tax rate was 31.2%.
Operating cash flow was −$34.8M. Non-cash charges added back $7.1M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $79.8M.
Questions
What was Eplus' revenue in the second quarter fiscal 2026?
Eplus (PLUS) reported revenue of $609M for the second quarter fiscal 2026 (Q2 FY26), +23% from a year earlier and -5% from the quarter before.
Was Eplus profitable in the second quarter fiscal 2026?
Operating profit was $48.8M (8.0% of revenue) and net earnings $34.9M.
Source: Eplus 10-Q on SEC EDGAR.