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Scholastic (SCHL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 20, 2026
Scholastic (SCHL) reported revenue of $329M for the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier and -40% from the quarter before. Operating margin was -8.2%, net earnings $62.5M (19.0% of revenue).
Scholastic, Q3 FY26: revenue $329M (-2% year over year), operating margin -8.2%, net earnings $62.5M, operating cash flow −$30.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $329M | -40% | -2% |
| Operating profit | −$26.9M | -132% | — |
| Net earnings | $62.5M | +12% | — |
| Operating cash flow | −$30.5M | -142% | — |
What changed
Revenue was $329.1M in Q3 FY26, down 2% year over year and down 40% from the previous quarter.
Operating costs exceeded revenue by $26.9M, an operating margin of -8.2%. Total costs fell 1% while revenue fell 2%. Net earnings were $62.5M. The effective tax rate was 31.9%. Non-operating items added $118.7M, 129% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$30.5M. Non-cash charges added back $12.9M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $108.1M. Capital expenditures of $13.4M exceeded it, leaving free cash flow of −$43.9M.
Questions
What was Scholastic's revenue in the third quarter fiscal 2026?
Scholastic (SCHL) reported revenue of $329M for the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier and -40% from the quarter before.
Was Scholastic profitable in the third quarter fiscal 2026?
Operating loss was $26.9M (-8.2% of revenue) and net earnings $62.5M.
Source: Scholastic 10-Q on SEC EDGAR.