Filing Flows › Pricesmart (PSMT) › Q4 FY26 › vs Q3 FY26
Pricesmart (PSMT) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Pricesmart's revenue rose $34.5M (+2%) from $1.5B in Q3 FY26 to $1.5B in Q4 FY26. The biggest changes: Net merchandise sales +$32.1M (+2%); Membership income +$1.5M (+6%); Other revenue and income +$542K (+11%). Operating margin 3.8% against 4.4% (-0.7 pts).
Pricesmart, Q4 FY26: revenue $1.5B (+14% year over year), operating margin 3.8%, net earnings $37.6M, operating cash flow $116M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 3.8% | 4.4% | -0.7 pts |
| Net margin | 2.5% | 2.7% | -0.2 pts |
| Free cash flow margin | 3.2% | 0.2% | +3.0 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Foods & Sundries | $687M | $669M | $18.3M | +3% |
| Fresh Foods | $479M | $464M | $14.3M | +3% |
| Hardlines | $152M | $150M | $1.6M | +1% |
| Softlines | $84.1M | $88.1M | −$4.0M | -5% |
| Food Service and Bakery | $65.5M | $63.9M | $1.6M | +3% |
| Health Services | $15.4M | $15.2M | $275K | +2% |
| Net merchandise sales | $1.5B | $1.5B | $32.1M | +2% |
| Membership income | $27.2M | $25.7M | $1.5M | +6% |
| Other revenue and income | $5.3M | $4.7M | $542K | +11% |
| Export sales | $1.0M | $637K | $368K | +58% |
| Revenue | $1.5B | $1.5B | $34.5M | +2% |
| Operating profit | $57.0M | $65.6M | −$8.6M | -13% |
| Costs & expenses | $1.5B | $1.4B | $43.1M | +3% |
| Pre-tax earnings | $50.2M | $55.1M | −$5.0M | -9% |
| Other expense, net | $6.9M | $10.5M | −$3.7M | -35% |
| Cost of revenue | $1.2B | $1.2B | $29.9M | +2% |
| General & admin | $59.0M | $51.4M | $7.6M | +15% |
| Other operating costs | $151M | $145M | $5.6M | +4% |
| Net earnings | $37.6M | $39.7M | −$2.1M | -5% |
| Income tax | $12.5M | $15.4M | −$2.9M | -19% |
| Depreciation & amortization | $26.5M | $24.8M | $1.7M | +7% |
| Share-based compensation | $7.2M | $5.6M | $1.6M | +29% |
| Working capital & other | $44.2M | −$11.1M | $55.3M | — |
| Operating cash flow | $116M | $58.9M | $56.6M | +96% |
| Free cash flow (OCF − capex) | $48.3M | $3.2M | $45.1M | 15× |
| Capital expenditures | $67.3M | $55.7M | $11.5M | +21% |
Questions
How much did Pricesmart's revenue grow quarter over quarter in Q4 FY26?
Pricesmart's revenue rose $34.5M (+2%) from $1.5B in Q3 FY26 to $1.5B in Q4 FY26.
What drove Pricesmart's revenue change in Q4 FY26?
Net merchandise sales +$32.1M (+2%); Membership income +$1.5M (+6%); Other revenue and income +$542K (+11%).