Urban Outfitters (URBN) Q1 FY2026 earnings: revenue $1.3 billion, up 10.7% on the year

Urban Outfitters Inc. (URBN) reported revenue of $1.3 billion for Q1 FY2026, the quarter ended 30 April 2025, up 10.7% on the same quarter a year earlier. Net income was $108 million, up 75.4% on the year, and diluted earnings per share $1.16. The figures are the company's own, from the 10-Q it filed with the SEC on 9 June 2025.

Revenue$1.3 billionup 10.7%

Net income$108 millionup 75.4%

Diluted EPS$1.16

QuarterQ1 FY2026ended 30 April 2025

The quarter, against the one before and a year earlier

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Revenue	1,330	1,636	1,201	+10.7%
Cost of revenue	840	1,108	788	+6.7%
Gross profit	489	528	408	+19.8%
Gross margin	36.8%	32.3%	34.0%
Selling, general and administrative	361	402	334	+8.1%
Operating income	128	125	74.6	+71.8%
Operating margin	9.6%	7.7%	6.2%
Pre-tax income	138	131	80.9	+70.5%
Income tax	29.5	10.6	19.1	+54.5%
Effective tax rate	21.4%	8.1%	23.6%
Net income	108	120	61.8	+75.4%
Net margin	8.1%	7.4%	5.1%
Diluted EPS	$1.16	$1.27	$0.65	+78.5%

$ 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 and capital returned

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Operating cash flow	33.0	320	58.6	-43.6%
Capital expenditure	46.2	38.5	41.1	+12.3%
Free cash flow	-13.1	282	17.5	n/a
Free cash flow margin	-1.0%	17.2%	1.5%
Cash from investing	39.4	-207	-45.8	n/a
Cash from financing	-176	-4.2	-15.3	n/a
Depreciation and amortisation	29.6	29.4	27.8	+6.5%
Share-based compensation	7.8	7.7	7.6	+2.2%
Buybacks	152	0.0	0.0	n/a
Diluted shares, weighted	93m	94m	95m	-1.6%
Shares outstanding at period end	90m	92m	93m	-4.0%

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

Balance sheet at quarter end

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Shareholders' equity	2,432	2,472	2,162	+12.5%
Debt	0.0	0.0	0.0	n/a
Operating lease liabilities	909	871	850	+7.0%
Other liabilities	1,116	1,177	1,176	-5.1%
Total liabilities and equity	4,457	4,519	4,189	+6.4%
Fixed assets	1,347	1,331	1,305	+3.2%
Investments	652	730	600	+8.6%
Cash and equivalents	189	290	174	+8.9%
Receivables	93.2	74.0	88.3	+5.6%
Inventory	664	621	579	+14.6%
Other assets	1,513	1,473	1,443	+4.8%
Total assets	4,457	4,519	4,189	+6.4%

Questions

What was Urban Outfitters' revenue in Q1 FY2026?

Urban Outfitters (URBN) reported revenue of $1.3 billion for Q1 FY2026, the quarter ended 30 April 2025, up 10.7% on the same quarter a year earlier.

How much did Urban Outfitters earn in Q1 FY2026?

Net income for Q1 FY2026 was $108 million, up 75.4% on the year, and diluted earnings per share $1.16.

When did Urban Outfitters report Q1 FY2026 results?

Urban Outfitters filed its 10-Q for the quarter ended 30 April 2025 with the SEC on 9 June 2025.

Quarterly results, the last 12 quarters

	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	1,281	1,486	1,201	1,352	1,362	1,636	1,330	1,505	1,529	1,802	1,481	1,662
Cost of revenue	825	1,042	788	859	865	1,108	840	939	964	1,203	939	940
Gross profit	454	434	408	493	497	528	489	566	563	599	543	722
Gross margin	35%	29%	34%	36%	37%	32%	37%	38%	37%	33%	37%	43%
SG&A	345	370	334	348	369	402	361	392	419	440	403	433
Operating income	109	57.3	74.6	145	129	125	128	174	144	159	140	289
Operating margin	9%	4%	6%	11%	9%	8%	10%	12%	9%	9%	9%	17%
Pre-tax income	110	64.0	80.9	153	136	131	138	183	152	123	146	299
Tax rate	24%	25%	24%	23%	24%	8%	21%	22%	24%	22%	21%	19%
Net income	83.0	47.8	61.8	117	103	120	108	144	116	96.3	116	241
Net margin	6%	3%	5%	9%	8%	7%	8%	10%	8%	5%	8%	14%
Diluted EPS	$0.88	$0.51	$0.65	$1.24	$1.10	$1.27	$1.16	$1.58	$1.28	$1.04	$1.30	$2.78
Operating cash flow	69.0	229	58.6	105	18.5	320	33.0	218	61.1	263	15.5	376
Capital expenditure	72.5	48.6	41.1	57.8	45.2	38.5	46.2	61.4	83.9	68.7	193	74.8
Free cash flow	-3.5	181	17.5	47.5	-26.6	282	-13.1	157	-22.8	194	-178	301
Buybacks	0.0	0.0	0.0	52.3	0.0	0.0	152	0.0	0.0	2.0	300	0.0
Shares outstanding	93m	93m	93m	92m	92m	92m	90m	90m	90m	90m	86m	86m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

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. 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.

Source

10-Q for the period ended 30 April 2025, filed 9 June 2025, accession 0000950170-25-083755: the filing on EDGAR. All of Urban Outfitters Inc.'s filings: EDGAR company page.

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