Sally Beauty Holdings (SBH) Q4 FY2026 earnings: revenue $953 million, up 0.6% on the year

Sally Beauty Holdings, Inc. (SBH) reported revenue of $953 million for Q4 FY2026, the quarter ended 30 September 2026, up 0.6% on the same quarter a year earlier. Net income was $58 million, up 15.6% on the year, and diluted earnings per share $0.60. The figures are the company's own, from the 10-K it filed with the SEC on 10 November 2026.

Revenue

$953 million

+0.6% on the year · +1.8% on the quarter

Q1 FY2025Q4 FY2026

Operating margin

9.7%

8.4% a year earlier

Q1 FY2025Q4 FY2026

Net income

$58 million

+15.6% on the year · +6.8% on the quarter

Q1 FY2025Q4 FY2026

Diluted EPS

$0.60

+22.4% on the year · +9.1% on the quarter

Q1 FY2025Q4 FY2026

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

What management said

Guidance figures: 12 new.

Q4 sales rose 0.6%: Fourth-quarter net sales were $953 million, up 0.6%, with Sally up 1.6% and BSG down 0.8%. Full-year net sales were $3.73 billion, up 0.9%.
Q4 operating earnings rose 15%: GAAP operating earnings were $92 million, up 15.3%, with a GAAP operating margin of 9.7%, up 130 basis points. Adjusted operating earnings were $95 million, a 10.0% margin.
Q4 adjusted EPS rose 13%: Adjusted diluted EPS was $0.62, up 13%. GAAP diluted EPS was $0.60, up 22% from $0.49 a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Revenue	953	935	947	+1.8%	+0.6%
Cost of revenue	458	445	453	+2.9%	+1.1%
Gross profit	494	490	494	+0.9%	+0.1%
Gross margin	51.9%	52.4%	52.2%
Selling, general and administrative	402	404	414	-0.4%	-2.9%
Operating income	92.2	86.4	79.9	+6.7%	+15.3%
Operating margin	9.7%	9.2%	8.4%
Interest expense	13.9	13.7	15.0	+1.3%	-7.2%
Pre-tax income	78.3	72.7	65.0	+7.7%	+20.5%
Income tax	20.6	18.6	15.1	+10.5%	+36.6%
Effective tax rate	26.3%	25.6%	23.2%
Net income	57.7	54.1	49.9	+6.8%	+15.6%
Net margin	6.1%	5.8%	5.3%
Diluted EPS	$0.60	$0.55	$0.49	+9.1%	+22.4%

$ million except per share.

Fourth quarters are the year less the first three quarters. 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. 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

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Operating cash flow	75.1	80.9	121	-7.2%	-37.9%
Capital expenditure	28.2	19.3	42.9	+46.0%	-34.3%
Free cash flow	46.9	61.6	78.0	-23.9%	-39.9%
Free cash flow margin	4.9%	6.6%	8.2%
Cash from investing	-28.2	-19.3	-45.3
Cash from financing	-61.8	-45.2	-40.6
Depreciation and amortisation	25.7	26.2	24.3	-1.9%	+5.7%
Share-based compensation	5.5	4.6	4.4	+19.7%	+23.0%
Buybacks	41.9	25.6	20.7	+63.8%	+102.9%
Diluted shares, weighted	96m	98m	102m	-1.9%	-5.6%
Shares outstanding at period end	92m	94m	98m	-2.7%	-6.5%

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

Balance sheet

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Shareholders' equity	889	871	794	+2.0%	+11.9%
Debt	795	815	875	-2.5%	-9.1%
Operating lease liabilities	567	546	538	+3.8%	+5.3%
Other liabilities	652	651	663	+0.3%	-1.7%
Total liabilities and equity	2,903	2,883	2,871	+0.7%	+1.1%
Fixed assets	285	279	284	+2.1%	+0.3%
Goodwill	538	538	541	-0.1%	-0.5%
Intangible assets	50.0	50.8	53.0	-1.4%	-5.6%
Cash and equivalents	158	173	149	-8.6%	+6.0%
Receivables	30.1	26.4	31.8	+13.8%	-5.5%
Inventory	1,001	996	988	+0.5%	+1.4%
Other assets	841	819	825	+2.6%	+2.0%
Total assets	2,903	2,883	2,871	+0.7%	+1.1%

Questions

What was Sally Beauty Holdings' revenue in Q4 FY2026?

Sally Beauty Holdings (SBH) reported revenue of $953 million for Q4 FY2026, the quarter ended 30 September 2026, up 0.6% on the same quarter a year earlier.

How much did Sally Beauty Holdings earn in Q4 FY2026?

Net income for Q4 FY2026 was $58 million, up 15.6% on the year, and diluted earnings per share $0.60.

When did Sally Beauty Holdings report Q4 FY2026 results?

Sally Beauty Holdings filed its 10-K for the year that ended with the quarter on 10 November 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	980	911	961	962	957	919	931	921	931	908	942	935	938	883	933	947	943	903	935	953
Cost of revenue	480	446	471	499	468	450	456	455	464	445	461	456	461	424	452	453	460	428	445	458
Gross profit	500	465	490	463	489	468	475	467	467	463	481	479	477	459	481	494	483	476	490	494
Gross margin	51%	51%	51%	48%	51%	51%	51%	51%	50%	51%	51%	51%	51%	52%	52%	52%	51%	53%	52%	52%
SG&A	386	379	391	398	392	390	384	391	398	403	409	397	377	389	403	414	407	404	404	402
Operating income	113	86.5	99.2	39.2	86.6	71.4	90.1	76.9	69.1	59.6	71.8	82.3	100	69.4	78.2	79.9	75.9	71.9	86.4	92.2
Operating margin	12%	9%	10%	4%	9%	8%	10%	8%	7%	7%	8%	9%	11%	8%	8%	8%	8%	8%	9%	10%
Interest expense	20.2	19.9	36.0	17.4	17.9	16.7	18.7	19.7	17.3	20.5	20.7	17.9	17.4	16.3	15.7	15.0	14.6	14.2	13.7	13.9
Pre-tax income	92.5	66.6	63.2	21.8	68.7	54.7	71.5	57.2	51.8	39.1	51.1	64.4	82.9	53.1	62.5	65.0	61.3	57.8	72.7	78.3
Tax rate	26%	30%	26%	2%	27%	25%	29%	26%	26%	25%	26%	25%	26%	26%	27%	23%	26%	26%	26%	26%
Net income	68.8	46.8	46.6	21.3	50.3	40.9	50.8	42.6	38.4	29.2	37.7	48.1	61.0	39.2	45.7	49.9	45.6	42.7	54.1	57.7
Net margin	7%	5%	5%	2%	5%	4%	5%	5%	4%	3%	4%	5%	7%	4%	5%	5%	5%	5%	6%	6%
Diluted EPS	$0.60	$0.42	$0.43	$0.20	$0.46	$0.37	$0.46	$0.39	$0.35	$0.27	$0.36	$0.46	$0.58	$0.38	$0.44	$0.49	$0.45	$0.43	$0.55	$0.60
Operating cash flow	-5.7	2.9	52.0	107	55.0	24.7	53.1	117	51.0	36.9	47.9	111	33.5	51.1	69.4	121	93.2	73.3	80.9	75.1
Capital expenditure	26.4	17.7	23.1	32.0	25.0	17.2	21.6	26.9	30.6	14.1	19.1	37.4	20.1	18.9	20.3	42.9	35.8	29.2	19.3	28.2
Free cash flow	-32.1	-14.8	28.9	75.3	29.9	7.5	31.5	89.6	20.5	22.8	28.7	73.3	13.4	32.2	49.1	78.0	57.5	44.1	61.6	46.9
Buybacks	75.0	55.3	0.0	0.0	n/a	n/a	n/a	n/a	20.2	20.2	10.1	9.9	9.9	10.2	13.2	20.7	20.8	25.6	25.6	41.9
Shares outstanding	110m	107m	107m	107m	107m	108m	108m	106m	105m	104m	103m	102m	102m	101m	99m	98m	97m	96m	94m	92m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* 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. 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-K for the period ended 30 September 2026, filed 10 November 2026: the filing.