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Urban Outfitters (URBN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 9, 2025
Urban Outfitters (URBN) reported revenue of $1.5B for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and +13% from the quarter before. Operating margin was 11.6%, net earnings $144M (9.6% of revenue).
Urban Outfitters, Q2 FY26: revenue $1.5B (+11% year over year), operating margin 11.6%, net earnings $144M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +13% | +11% |
| Gross profit | $566M | +16% | +15% |
| Operating profit | $174M | +36% | +20% |
| Net earnings | $144M | +33% | +22% |
| Operating cash flow | $218M | +560% | +107% |
| Free cash flow | $157M | — | +230% |
What changed
Revenue was $1.5B in Q2 FY26, up 11% year over year and up 13% from the previous quarter. Retail Operations was the largest line at 86% of revenue. Retail Operations added $0.09B year over year (up 8%), 61% of the total change.
Gross margin was 37.6%, up 1.1 points from a year earlier. Operating profit was $0.17B, a 11.6% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 11% margin then. Operating expenses grew 13% against revenue growth of 11%. Net earnings were $0.14B, up 22% year over year. The effective tax rate was 21.5%.
Operating cash flow was $0.22B (up 107% year over year), 152% 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 added $0.04B. Capital expenditures of $0.06B left free cash flow of $0.16B.
Questions
What was Urban Outfitters' revenue in the second quarter fiscal 2026?
Urban Outfitters (URBN) reported revenue of $1.5B for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and +13% from the quarter before.
Was Urban Outfitters profitable in the second quarter fiscal 2026?
Operating profit was $174M (11.6% of revenue) and net earnings $144M.
Source: Urban Outfitters 10-Q on SEC EDGAR.