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Urban Outfitters (URBN) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 9, 2025
Urban Outfitters (URBN) reported revenue of $1.3B for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and -19% from the quarter before. Operating margin was 9.6%, net earnings $108M (8.1% of revenue).
Urban Outfitters, Q1 FY26: revenue $1.3B (+11% year over year), operating margin 9.6%, net earnings $108M, operating cash flow $33.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -19% | +11% |
| Gross profit | $489M | -7% | +20% |
| Operating profit | $128M | +2% | +72% |
| Net earnings | $108M | -10% | +75% |
| Operating cash flow | $33.0M | -90% | -44% |
What changed
Revenue was $1.3B in Q1 FY26, up 11% year over year and down 19% from the previous quarter. Retail Operations was the largest line at 85% of revenue. Retail Operations added $0.07B year over year (up 6%), 53% of the total change.
Gross margin was 36.8%, up 2.8 points from a year earlier. Operating profit was $0.13B, a 9.6% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 6% margin then. Operating expenses grew 8% against revenue growth of 11%. Net earnings were $0.11B, up 75% year over year. The effective tax rate was 21.4%.
Operating cash flow was $0.03B (down 44% year over year), 30% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Urban Outfitters' revenue in the first quarter fiscal 2026?
Urban Outfitters (URBN) reported revenue of $1.3B for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and -19% from the quarter before.
Was Urban Outfitters profitable in the first quarter fiscal 2026?
Operating profit was $128M (9.6% of revenue) and net earnings $108M.
Source: Urban Outfitters 10-Q on SEC EDGAR.