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How Pricesmart (PSMT) makes money
Pricesmart (PSMT) made $1.5B of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Net merchandise sales brought in $1.5B (98%); Membership income brought in $27.2M (2%); Other revenue and income brought in $5.3M (0%). Of every dollar of revenue, 4¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q4 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net merchandise sales | $1.5B | 97.8% | +2% | — |
| ↳ Foods & Sundries | $687M | 45.3% | +3% | — |
| ↳ Fresh Foods | $479M | 31.6% | +3% | — |
| ↳ Hardlines | $152M | 10.0% | +1% | — |
| ↳ Softlines | $84.1M | 5.5% | -5% | — |
| ↳ Food Service and Bakery | $65.5M | 4.3% | +3% | — |
| ↳ Health Services | $15.4M | 1.0% | +2% | — |
| Membership income | $27.2M | 1.8% | +6% | — |
| Other revenue and income | $5.3M | 0.3% | +11% | — |
| Export sales | $1.0M | 0.1% | +58% | — |
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $1.5B | 100.0% |
| Operating profit | $57.0M | 3.8% |
| Income tax | $12.5M | 0.8% |
| Net earnings | $37.6M | 2.5% |
| Operating cash flow | $116M | 7.6% |
| Free cash flow | $48.3M | 3.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $1.5B | +14% |
| Q3 FY26 | $1.5B | +12% |
| Q2 FY26 | $1.5B | +10% |
| Q1 FY26 | $1.4B | +10% |
| Q4 FY25 | $1.3B | +9% |
| Q3 FY25 | $1.3B | +7% |
| Q2 FY25 | $1.4B | +6% |
From Pricesmart's 10-K filed Oct 26, 2026 (on EDGAR).
Questions
How does Pricesmart make money?
Pricesmart (PSMT) made $1.5B of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Net merchandise sales brought in $1.5B (98%); Membership income brought in $27.2M (2%); Other revenue and income brought in $5.3M (0%). Of every dollar of revenue, 4¢ was left as operating profit, 2¢ was left as net earnings.
What is Pricesmart's biggest business?
Net merchandise sales: $1.5B in the fourth quarter fiscal 2026, 98% of revenue.
What is Pricesmart's profit margin?
Net earnings were $37.6M, 2.5% of revenue, in the fourth quarter fiscal 2026; the operating margin was 3.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.