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National Vision Holdings (EYE) Q3 FY2026 earnings: revenue $511 million, up 4.8% on the year

National Vision Holdings, Inc. (EYE) reported revenue of $511 million for Q3 FY2026, the quarter ended 3 October 2026, up 4.8% on the same quarter a year earlier. Net income was $19 million, up 469.0% on the year, and diluted earnings per share $0.24. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.

Revenue
$511 million
+4.8% on the year · +2.4% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
6.1%
2.0% a year earlier
Q4 FY2024Q3 FY2026
Net income
$19 million
+469.0% on the year · +54.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.24
+500.0% on the year · +60.0% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 lowered, 4 narrowed, 1 new, 4 kept.

  • Net revenue rose 4.8% to $510.5 million: Net revenue increased on Adjusted Comparable Store Sales Growth and new stores, partly offset by closed stores and a 0.8% negative timing effect from unearned revenue.
  • Adjusted operating margin up 320 basis points: Adjusted Operating Income rose 87.4% to $37.1 million. Adjusted Operating Margin reached 7.3%, up from 4.1%. Excluding $4.7 million of one-time IEEPA tariff refunds, the margin was 6.4%.
  • Adjusted diluted EPS more than doubled: Net income was $19.2 million against $3.4 million, and diluted EPS was $0.24 against $0.04. Adjusted Diluted EPS was $0.30 against $0.13.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue511499487+2.4%+4.8%
Cost of revenue210208203+0.8%+3.4%
Gross profit300290284+3.5%+5.8%
Gross margin58.9%58.2%58.3%
Selling, general and administrative247243252+1.5%-2.1%
Operating income31.021.39.6+45.5%+222.6%
Operating margin6.1%4.3%2.0%
Interest expense3.03.34.1-10.3%-27.4%
Pre-tax income28.018.05.5+55.9%+410.1%
Income tax8.85.52.1+58.8%+316.2%
Effective tax rate31.5%30.9%38.6%
Net income19.212.43.4+54.5%+469.0%
Net margin3.8%2.5%0.7%
Diluted EPS$0.24$0.15$0.04+60.0%+500.0%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow65.18.146.6+702.2%+39.5%
Capital expenditure15.722.216.4-29.2%-4.0%
Free cash flow49.3-14.130.3+63.0%
Free cash flow margin9.7%-2.8%6.2%
Cash from investing-15.7-16.5-19.4
Cash from financing-25.3-23.9-19.7
Depreciation and amortisation22.623.222.2-2.5%+2.1%
Share-based compensation5.96.45.5-7.1%+7.5%
Buybacks21.420.10.9+6.6%+2,343.2%
Diluted shares, weighted80m81m81m-0.7%-1.4%
Shares outstanding at period end78m79m79m-1.3%-1.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity901897859+0.5%+4.9%
Debt227230243-1.4%-6.6%
Operating lease liabilities361365338-1.1%+6.9%
Other liabilities514491519+4.7%-0.9%
Total liabilities and equity2,0041,9831,958+1.0%+2.3%
Goodwill7017017010.0%+0.0%
Intangible assets7.07.27.7-2.3%-8.8%
Cash and equivalents60.036.056.0+66.6%+7.0%
Receivables41.034.946.1+17.4%-11.2%
Inventory12412388.0+1.0%+40.6%
Other assets1,0711,0821,060-1.0%+1.0%
Total assets2,0041,9831,958+1.0%+2.3%

Questions

What was National Vision Holdings' revenue in Q3 FY2026?

National Vision Holdings (EYE) reported revenue of $511 million for Q3 FY2026, the quarter ended 3 October 2026, up 4.8% on the same quarter a year earlier.

How much did National Vision Holdings earn in Q3 FY2026?

Net income for Q3 FY2026 was $19 million, up 469.0% on the year, and diluted earnings per share $0.24.

When did National Vision Holdings report Q3 FY2026 results?

National Vision Holdings filed its 10-Q for the quarter ended 3 October 2026 with the SEC on 12 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue478528510499469465432439421483452452437510486487503544499511
Cost of revenue218236235233222186180184184196194190185205200203211219208210
Gross profit260292275266247279251255237287258262252305286284293325290300
Gross margin54%55%54%53%53%60%58%58%56%59%57%58%58%60%59%58%58%60%58%59%
SG&A225229228225234233223228248240231234233256247252261256243247
Operating income7.937.318.415.4-9.827.85.63.5-12.423.40.6-8.8-25.626.116.49.66.645.221.331.0
Operating margin2%7%4%3%-2%6%1%1%-3%5%0%-2%-6%5%3%2%1%8%4%6%
Interest expense3.4n/an/an/an/an/a1.83.7n/a4.33.24.14.64.64.24.14.22.83.33.0
Pre-tax income4.641.514.417.3-12.424.23.7-0.2-17.819.2-2.6-12.1-30.221.612.25.52.442.418.028.0
Tax rate-35%27%32%34%n/a34%2%n/an/a39%n/an/an/a34%29%39%-39%26%31%31%
Net income6.230.19.711.5-9.318.35.6-73.8-16.011.7-3.1-8.5-28.614.28.73.43.331.212.419.2
Net margin1%6%2%2%-2%4%1%-17%-4%2%-1%-2%-7%3%2%1%1%6%2%4%
Diluted EPS$0.08$0.34$0.12$0.15-$0.12$0.22$0.07-$0.94-$0.20$0.15-$0.04-$0.11-$0.36$0.18$0.11$0.04$0.04$0.38$0.15$0.24
Operating cash flow25.147.140.933.3-2.174.138.241.119.824.051.527.930.332.254.346.613.261.78.165.1
Capital expenditure36.628.127.630.427.427.726.427.832.820.019.623.932.020.211.816.424.417.622.215.7
Free cash flow-11.519.013.32.9-29.646.311.813.2-13.04.031.94.1-1.712.042.430.3-11.244.1-14.149.3
Buybacks71.910.673.00.00.727.60.00.10.82.70.10.00.31.60.10.90.710.520.121.4
Shares outstanding81m81m79m79m79m78m78m78m78m79m79m79m79m79m79m79m79m80m79m78m
Filing10-K10-Q10-Q10-Q10-K10-K10-Q10-Q10-K10-K10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 3 October 2026, filed 12 November 2026: the filing.