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Urban Outfitters (URBN) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 9, 2026 · Urban Outfitters (URBN) Q2 FY27 earnings results →

Q2 FY27 Revenue up 10% year over year to $1.7B · 14¢ of every $1 of revenue kept as net profit · operating margin 17.4%

Urban Outfitters made $1.7B in Q2 FY27 (+10% Y/Y): Retail Operations $1.4B, Subscription Operations $179M, Wholesale Operations $90.8M. Operating margin 17.4%, net earnings $241M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 9, 2026.

Revenue$1.7B
Year over year+10%
Operating margin17.4%
Net earnings$241M
Operating cash flow$376M

Drawing the Sankey…

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Urban Outfitters Q2 FY27 revenue breakdown: Sankey diagram of revenue (Retail Operations, Subscription Operations, Wholesale Operations), costs, profit and cash flow
Urban Outfitters Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.7B in Q2 FY27, up 10% year over year and up 12% from the previous quarter. Retail Operations was the largest line at 84% of revenue. Retail Operations added $0.10B year over year (up 8%), 66% of the total change.

Gross margin was 43.4%, up 5.8 points from Q2 FY26. Operating profit was $0.29B, a 17.4% margin (up 5.8 points year over year). Of the extra revenue versus Q2 FY26, 73% reached operating profit, above the 12% margin then. Operating expenses grew 10% against revenue growth of 10%. Net earnings were $0.24B, up 67% year over year. The effective tax rate was 19.4%.

Operating cash flow was $0.38B (up 73% year over year), 156% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.07B left free cash flow of $0.30B.

Quarterly history

Urban Outfitters revenue by quarterUrban Outfitters revenue by quarter$1.6BQ4 FY25$1.3BQ1 FY26$1.5BQ2 FY26$1.5BQ3 FY26$1.8BQ4 FY26$1.5BQ1 FY27$1.7BQ2 FY27
Urban Outfitters net earnings by quarterUrban Outfitters net earnings by quarter$120MQ4 FY25$108MQ1 FY26$144MQ2 FY26$116MQ3 FY26$96.3MQ4 FY26$116MQ1 FY27$241MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 9, 2026$1.7B+10%17.4%$241M$376M
Q1 FY2710-QJun 9, 2026$1.5B+11%9.4%$116M$15.5M
Q4 FY2610-KApr 1, 2026$1.8B+10%8.8%$96.3M$263M
Q3 FY2610-QDec 10, 2025$1.5B+12%9.4%$116M$61.1M
Q2 FY2610-QSep 9, 2025$1.5B+11%11.6%$144M$218M
Q1 FY2610-QJun 9, 2025$1.3B+11%9.6%$108M$33.0M
Q4 FY2510-KApr 1, 2025$1.6B+10%7.7%$120M$320M

Charts

Urban Outfitters: revenue growth, year over year and quarter over quarterUrban Outfitters: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q4 FY25+11%-19%Q1 FY26+11%+13%Q2 FY26+12%+2%Q3 FY26+10%+18%Q4 FY26+11%-18%Q1 FY27+10%+12%Q2 FY27
Latest (Q2 FY27): Y/Y +10%, Q/Q +12%.
Urban Outfitters: where the cash came from (+) and went (−), TTM to Q2 FY27Urban Outfitters: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$716MCapital spending−$421MOther investing$311MBuybacks−$302MCash drawn (+) / kept (−)−$267MTaxes on employees’ shares−$22.9MOther financing−$15.8MNot reconciled$1.5M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Urban Outfitters: profit against cash, quarter by quarterUrban Outfitters: profit against cash, quarter by quarterNet incomeOperating cash flow$103M$18.5MQ3 FY25$120M$320MQ4 FY25$108M$33.0MQ1 FY26$144M$218MQ2 FY26$116M$61.1MQ3 FY26$96.3M$263MQ4 FY26$116M$15.5MQ1 FY27$241M$376MQ2 FY27
Latest (Q2 FY27): Net income $241M, Operating cash flow $376M.
Urban Outfitters: diluted shares by fiscal yearUrban Outfitters: diluted shares by fiscal year99MFY2199MFY2294MFY2394MFY2494MFY2592MFY26
-6.8% since FY21: buybacks shrank the count.
Urban Outfitters in its industry: growth against margin (10 companies, SIC 5651)Urban Outfitters in its industry: growth against margin (10 companies, SIC 5651)revenue growth, year over year →↑ operating marginmedian +5%median 17%TJXROSTGAPAEOANFBKELEPLCEDXLGURBN (+10%, 17%)
Retail-Family Clothing Stores; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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🔄Rotation against the market and its industry (RRG)interactive

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🏭Its industry’s money flow (input-output)interactive

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Urban Outfitters against its Retail-Family Clothing Stores peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +5%. Operating margin: 17.4% against the peers' median 17.4%.

CompanyQuarterRevenueY/YOp. margin
URBN Urban OutfittersQ2 FY27$1.7B+10%17.4%
TJX TJX CompaniesQ2 FY27$15.2B+5%13.3%
ROST Ross StoresQ2 FY27$6.3B+13%17.6%
GAP GapQ2 FY27$3.7B-2%18.5%
AEO American Eagle OutfittersQ2 FY27$1.4B+8%15.3%
ANF Abercrombie & FitchQ2 FY27$1.3B+5%19.9%
BKE BuckleQ2 FY27$320M+5%17.4%
LE Lands'' EndQ2 FY27$269M+5%3.0%
PLCE Childrens PlaceQ2 FY27$242M-19%-5.4%

Source: Urban Outfitters 10-Q on SEC EDGAR · CIK 912615 · Retail-Family Clothing Stores

13F: who owns URBN and who is buying

Largest holders of URBN (13F)Largest holders of URBN (13F)BlackRock$615MVanguard Group$503MFMR LLC$332MDimensional Fund Advisors LP$324MVanguard Portfolio Management LLC$249MState Street$190MAmerican Century Companies$188MVanguard Capital Management LLC$185MAbrams Bison Investments, LLC$158MFisher Asset Management, LLC$116M
Funds' net buying of URBN by quarter (13F)Funds' net buying of URBN by quarter (13F)−$49.6M2024-09−$70.0M2024-12$166M2025-03$119M2025-06$69.0M2025-09−$192M2025-12−$339M2026-03−$104M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on URBN

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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中文版：Urban Outfitters（URBN）财报

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