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Pricesmart (PSMT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 8, 2026
Pricesmart (PSMT) reported revenue of $1.5B for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +8% from the quarter before. Operating margin was 5.0%, net earnings $49.1M (3.3% of revenue).
Pricesmart, Q2 FY26: revenue $1.5B (+10% year over year), operating margin 5.0%, net earnings $49.1M, operating cash flow $62.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +8% | +10% |
| Operating profit | $75.4M | +20% | +16% |
| Net earnings | $49.1M | +22% | +12% |
| Operating cash flow | $62.0M | -13% | -29% |
| Free cash flow | $12.3M | -62% | -77% |
What changed
Revenue was $1.5B in Q2 FY26, up 10% year over year and up 8% from the previous quarter. Foods & Sundries was the largest line at 45% of revenue. Fresh Foods added $0.05B year over year (up 13%), 39% of the total change. Export sales declined 91%.
Operating profit was $0.08B, a 5.0% margin (up 0.3 points year over year). Of the extra revenue versus Q2 FY25, 8% reached operating profit, above the 5% margin then. Total costs grew 9% against revenue growth of 10%. The fastest-growing cost line was General & admin (+16%). Net earnings were $0.05B, up 12% year over year. The effective tax rate was 26.4%.
Operating cash flow was $0.06B (down 29% year over year), 126% of net earnings. Non-cash charges added back $0.02B of depreciation and $4.9M of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.05B left free cash flow of $0.01B.
Questions
What was Pricesmart's revenue in the second quarter fiscal 2026?
Pricesmart (PSMT) reported revenue of $1.5B for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +8% from the quarter before.
Was Pricesmart profitable in the second quarter fiscal 2026?
Operating profit was $75.4M (5.0% of revenue) and net earnings $49.1M.
Source: Pricesmart 10-Q on SEC EDGAR.