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Ross Stores (ROST) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 11, 2025
Ross Stores (ROST) reported revenue of $5.0B for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and -16% from the quarter before. Operating margin was 12.2%, net earnings $479M (9.6% of revenue).
Ross Stores, Q1 FY26: revenue $5.0B (+3% year over year), operating margin 12.2%, net earnings $479M, operating cash flow $410M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0B | -16% | +3% |
| Operating profit | $606M | -17% | +3% |
| Net earnings | $479M | -18% | -2% |
| Operating cash flow | $410M | -54% | +11% |
| Free cash flow | $202M | -70% | -13% |
What changed
Revenue was $5.0B in Q1 FY26, up 3% year over year and down 16% from the previous quarter.
Operating profit was $0.61B, a 12.2% margin (unchanged year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 12% margin then. Total costs grew 3% against revenue growth of 3%. Net earnings were $0.48B, down 2% year over year. The effective tax rate was 25.2%.
Operating cash flow was $0.41B (up 11% year over year), 85% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.22B. Capital expenditures of $0.21B left free cash flow of $0.20B.
Questions
What was Ross Stores' revenue in the first quarter fiscal 2026?
Ross Stores (ROST) reported revenue of $5.0B for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and -16% from the quarter before.
Was Ross Stores profitable in the first quarter fiscal 2026?
Operating profit was $606M (12.2% of revenue) and net earnings $479M.
Source: Ross Stores 10-Q on SEC EDGAR.