Urban Outfitters (URBN) Q2 FY2027 earnings: revenue $1.7 billion, up 10.4% on the year

Urban Outfitters Inc. (URBN) reported revenue of $1.7 billion for Q2 FY2027, the quarter ended 31 July 2026, up 10.4% on the same quarter a year earlier. Net income was $241 million, up 67.3% on the year, and diluted earnings per share $2.78. The figures are the company's own, from the 10-Q it filed with the SEC on 9 September 2026.

Revenue$1.7 billionup 10.4%

Net income$241 millionup 67.3%

Diluted EPS$2.78

QuarterQ2 FY2027ended 31 July 2026

The quarter, against the one before and a year earlier

Line	Q2 FY2027	Q1 FY2027	Q2 FY2026	Change on the year
Revenue	1,662	1,481	1,505	+10.4%
Cost of revenue	940	939	939	+0.2%
Gross profit	722	543	566	+27.4%
Gross margin	43.4%	36.6%	37.6%
Selling, general and administrative	433	403	392	+10.5%
Operating income	289	140	174	+65.6%
Operating margin	17.4%	9.4%	11.6%
Pre-tax income	299	146	183	+62.9%
Income tax	57.9	30.2	39.4	+46.9%
Effective tax rate	19.4%	20.7%	21.5%
Net income	241	116	144	+67.3%
Net margin	14.5%	7.8%	9.6%
Diluted EPS	$2.78	$1.30	$1.58	+75.9%

$ million except per share.

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	Q2 FY2027	Q1 FY2027	Q2 FY2026	Change on the year
Operating cash flow	376	15.5	218	+72.6%
Capital expenditure	74.8	193	61.4	+21.9%
Free cash flow	301	-178	157	+92.5%
Free cash flow margin	18.1%	-12.0%	10.4%
Cash from investing	-73.2	243	-71.4	n/a
Cash from financing	-4.5	-325	-4.2	n/a
Depreciation and amortisation	37.6	36.1	31.8	+18.0%
Share-based compensation	7.6	8.1	7.2	+5.2%
Buybacks	0.0	300	0.0	n/a
Diluted shares, weighted	87m	89m	91m	-4.9%
Shares outstanding at period end	86m	86m	90m	-4.5%

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

Balance sheet at quarter end

Line	Q2 FY2027	Q1 FY2027	Q2 FY2026	Change on the year
Shareholders' equity	2,854	2,611	2,580	+10.6%
Debt	0.0	0.0	0.0	n/a
Operating lease liabilities	990	980	953	+3.9%
Other liabilities	1,279	1,175	1,177	+8.6%
Total liabilities and equity	5,123	4,765	4,711	+8.7%
Fixed assets	1,658	1,621	1,377	+20.4%
Investments	347	349	657	-47.2%
Cash and equivalents	599	301	332	+80.3%
Receivables	103	116	86.9	+18.4%
Inventory	779	727	696	+11.8%
Other assets	1,638	1,650	1,562	+4.9%
Total assets	5,123	4,765	4,711	+8.7%

Questions

What was Urban Outfitters' revenue in Q2 FY2027?

Urban Outfitters (URBN) reported revenue of $1.7 billion for Q2 FY2027, the quarter ended 31 July 2026, up 10.4% on the same quarter a year earlier.

How much did Urban Outfitters earn in Q2 FY2027?

Net income for Q2 FY2027 was $241 million, up 67.3% on the year, and diluted earnings per share $2.78.

When did Urban Outfitters report Q2 FY2027 results?

Urban Outfitters filed its 10-Q for the quarter ended 31 July 2026 with the SEC on 9 September 2026.

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 31 July 2026, filed 9 September 2026, accession 0001193125-26-386468: the filing on EDGAR. All of Urban Outfitters Inc.'s filings: EDGAR company page.

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