Filing Flows › Pricesmart (PSMT) › Q3 FY26 › vs Q2 FY26
Pricesmart (PSMT) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Pricesmart's revenue fell $13.7M (-0.9%) from $1.5B in Q2 FY26 to $1.5B in Q3 FY26. The biggest changes: Net merchandise sales −$15.8M (-1%); Membership income +$1.2M (+5%); Other revenue and income +$569K (+14%). Operating margin 4.4% against 5.0% (-0.6 pts).
Pricesmart, Q3 FY26: revenue $1.5B (+12% year over year), operating margin 4.4%, net earnings $39.7M, operating cash flow $58.9M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 4.4% | 5.0% | -0.6 pts |
| Net margin | 2.7% | 3.3% | -0.6 pts |
| Free cash flow margin | 0.2% | 0.8% | -0.6 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Foods & Sundries | $669M | $669M | −$360K | -0.1% |
| Fresh Foods | $464M | $455M | $9.5M | +2% |
| Hardlines | $150M | $163M | −$12.5M | -8% |
| Softlines | $88.1M | $99.8M | −$11.8M | -12% |
| Food Service and Bakery | $63.9M | $65.3M | −$1.4M | -2% |
| Health Services | $15.2M | $14.5M | $669K | +5% |
| Net merchandise sales | $1.5B | $1.5B | −$15.8M | -1% |
| Membership income | $25.7M | $24.5M | $1.2M | +5% |
| Other revenue and income | $4.7M | $4.2M | $569K | +14% |
| Export sales | $637K | $359K | $278K | +77% |
| Revenue | $1.5B | $1.5B | −$13.7M | -0.9% |
| Operating profit | $65.6M | $75.4M | −$9.8M | -13% |
| Costs & expenses | $1.4B | $1.4B | −$4.0M | -0.3% |
| Pre-tax earnings | $55.1M | $66.7M | −$11.6M | -17% |
| Other expense, net | $10.5M | $8.7M | $1.8M | +20% |
| Cost of revenue | $1.2B | $1.2B | −$10.9M | -0.9% |
| General & admin | $51.4M | $49.7M | $1.7M | +3% |
| Other operating costs | $145M | $140M | $5.3M | +4% |
| Net earnings | $39.7M | $49.1M | −$9.4M | -19% |
| Income tax | $15.4M | $17.6M | −$2.2M | -12% |
| Depreciation | $24.8M | $24.3M | $506K | +2% |
| Share-based compensation | $5.6M | $4.9M | $661K | +13% |
| Working capital & other | $11.1M | $16.2M | −$5.1M | -32% |
| Operating cash flow | $58.9M | $62.0M | −$3.1M | -5% |
| Free cash flow (OCF − capex) | $3.2M | $12.3M | −$9.1M | -74% |
| Capital expenditures | $55.7M | $49.7M | $6.0M | +12% |
Questions
How much did Pricesmart's revenue grow quarter over quarter in Q3 FY26?
Pricesmart's revenue fell $13.7M (-0.9%) from $1.5B in Q2 FY26 to $1.5B in Q3 FY26.
What drove Pricesmart's revenue change in Q3 FY26?
Net merchandise sales −$15.8M (-1%); Membership income +$1.2M (+5%); Other revenue and income +$569K (+14%).