GameStop Corp. (GME) financials

NYSE · Consumer Cyclical · Specialty Retail · 4,000 employees · CEO Ryan Cohen

Price: $24.23 +0.96%
Market cap: $12.2B
Enterprise value: $11.7B
Last report: Q2 '26 filed 2026-09-09
Next report: 2026-12-08 EPS est. $0.37

Revenue (TTM)$3.55B-7.7% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)13.8%+11.1 pp vs a year agoOperating income $490M

Net income (TTM)$893M+146.7% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$688M+42.9% vs a year agoCapex $16.7M

Diluted EPS (TTM)$1.54+111.0% vs a year agoSum of the last 4 quarters

Net cash$727M-83.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $12.2B
Revenue: $3.55B
Revenue growth: +7%
Profit margin: 25.2%
P/E: 12.2×
P/S: 3.4×
EV / EBITDA: 10.9×
Free cash flow: $688M
Net income: $893M
Revenue estimate: $3.9B
Earnings: 2026-12-08
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-09-08): revenue beat by 4.4%, EPS in lineRevenue $790M vs $757M expected (+4.4%); EPS $0.27 vs $0.27 (0.0%).
Revenue growth slowing: -18.7% year on yearQ2 '26 revenue $790M, against an average of 4.3% over the four quarters before.
Operating margin 13.8% (TTM), +11.1 pp on a year agoOperating income grew 380.1% while revenue grew -7.7%.
55.0% of pre-tax profit is non-operatingPre-tax income $1.09B vs operating income $490M (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
Capex 0.5% of revenue (a year ago 0.4%)$16.7M invested in the last 4 quarters (+10.6% on a year earlier). Free cash flow $688M = 77.0% of net income.
Diluted share count up 8.4% in a year593M diluted shares in Q2 '26, 547M a year earlier.
Net cash $727MCash + short-term investments $5.06B, debt incl. leases $4.33B; a year ago net cash $4.28B.
Australia Segment: revenue -14.2%, margin 6.7% (was 4.3%)Fastest-growing reported segment in Q2 '26: operating income $8.1M on revenue $121M (from the segment note of the filing).

Last quarter: Q2 '26

Quarter ended 2026-08-01. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '26	Year ago	Change
Revenue	$790M	$972M	-18.7%
Gross margin	43.7%	29.1%	+14.5 pp
Operating income	$160M	$66.4M	+141.3%
Operating margin	20.3%	6.8%	+13.4 pp
Net income	$299M	$169M	+77.2%
Diluted EPS	$0.51	$0.31	+64.5%
Operating cash flow	$62.4M	$117M	-46.8%
Capex	$1.7M	$4.1M	-58.5%
Free cash flow	$60.7M	$113M	-46.4%
R&D	$0	$0	–
Stock-based compensation	$7.3M	$6.3M	+15.9%

Reported vs consensus

2026-09-08

	Actual	Consensus	vs consensus
Revenue	$790M	$757M	+4.4%
EPS (as estimated)	$0.27	$0.27	0.0%

From the report of 2026-09-08 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q2 '26	y/y	Share	TTM	TTM y/y
New Video Game Hardware	–	–	–	–	–
Software	–	–	–	–	–
Collectibles	$356M	+56.5%	100.0%	$1.33B	+50.6%

Revenue by region

share of total

Segment	Q2 '26	y/y	Share	TTM	TTM y/y
Video Game Brands - United States	$608M	-16.1%	77.0%	$2.66B	-0.4%
Video Game Brands - Europe	$61.1M	-42.7%	7.7%	$394M	-28.4%
Video Game Brands - Australia	$121M	-14.2%	15.3%	$492M	+7.0%
Video Game Brands - Canada	–	–	–	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q2 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
United States Segment	$608M	-16.1%	$153M	+140.5%	25.2%	8.8%	$484M
Australia Segment	$121M	-14.2%	$8.1M	+35.0%	6.7%	4.3%	$12.1M
Europe Segment	$61.1M	-42.7%	-$1.1M	+66.7%	-1.8%	-3.1%	-$15.8M
Canada Segment	–	–	–	–	–	–	–

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $705M
Capex: -$16.7M
Buybacks: $0
Dividends: $0
Acquisitions: $3M
Net debt issued: -$7.3M
Stock-based compensation: $23M
Free cash flow: $688M
Returned to shareholders / FCF: -0.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	12.2×	251.3× 3 of 5 years	25.7× – 646.8×
EV / EBITDA	10.9×	150.9× 3 of 5 years	21.7× – 279.2×
EV / Sales	3.3×	1.4×	0.8× – 2.4×
Price / FCF	17.8×	75.6× 3 of 5 years	17.9× – 127.2×
Price / Book	1.8×	3.5×	2.0× – 5.0×
FCF yield	5.6%	-0.8%	-6.3% – 5.6%
Return on invested capital	3.8%	-5.9%	-15.7% – 2.9%
Return on equity	15.7%	-7.3%	-23.8% – 7.7%

Analysts

Consensus target $18.25 (-24.7%)
range $11.50 – $25.00 · rating Hold

Strong buy0

Buy6

Hold20

Sell10

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$3.9B	+7.5%	$1.80	+133.8%	13.5×	1
FY2028	$4.33B	+11.0%	$1.86	+3.3%	13.0×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 244 figures GameStop Corp. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	$70K	–	–	–	–	–
	$12M	–	–	–	–	–
	$1.7M	$4.1M	-58.5%	–	–	–
	$4.95B	$0	–	–	–	–
	$2B	–	–	–	–	–
Accounts Payable, Current	$215M	$293M	-26.6%	$147M2026-01-31	$149M	-1.0%
Accounts Receivable, Allowance for Credit Loss, Current	$3.8M	$900K	+322.2%	$4.2M2026-01-31	$4.7M	-10.6%
Accrual for Taxes Other than Income Taxes, Current	$18.4M2026-01-31	$25.2M	-27.0%	$18.4M2026-01-31	$25.2M	-27.0%
Accrued Liabilities, Current	$385M	$284M	+35.7%	$284M2026-01-31	$362M	-21.6%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$487M	$567M	-14.1%	$488M2026-01-31	$684M	-28.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$72.8M	-$72.6M	-0.3%	-$65.7M2026-01-31	-$94M	+30.1%
Additional Paid in Capital, Common Stock	$5.32B	$5.12B	+4.0%	$5.3B2026-01-31	$5.11B	+3.9%
Adjustments to Additional Paid in Capital, Warrant Issued	-$133M2026-01-31	–	–	$41.2M2026-01-31	–	–
Advertising Expense	–	–	–	$13.8M2026-01-31	$18.6M	-25.8%
Amortization of Intangible Assets	–	–	–	$100K2026-01-31	$500K	-80.0%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$7.3M	$6.3M	+15.9%	$26.7M2026-01-31	$16.4M	+62.8%
Asset Impairment Charges	-$2.3M	-$2.1M	-9.5%	$53.8M2026-01-31	$9.7M	+454.6%
Assets	$11.1B	$10.3B	+7.8%	$10.4B2026-01-31	$5.88B	+76.8%
Assets, Current	$5.93B	$9.44B	-37.2%	$10B2026-01-31	$5.36B	+87.0%
Capital Expenditures Incurred but Not yet Paid	–	–	–	$100K2026-01-31	$200K	-50.0%
Cash and Cash Equivalents, at Carrying Value	$4.85B	$8.69B	-44.2%	$6.3B2026-01-31	$4.76B	+32.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$4.87B	$8.73B	-44.3%	$6.33B2026-01-31	$4.79B	+32.1%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$2.54B	$2.31B	-210.1%	$1.54B2026-01-31	$3.85B	-60.1%
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectDisposalGroupIncludingDiscontinuedOperations	$0	$40.3M	-100.0%	-$22.5M2026-01-31	$0	–
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	59.2M2025-10-07	–	–	59.2M2025-10-07	–	–
Common Stock, Par or Stated Value Per Share	$0.00	$0.00	0.0%	$0.002026-01-31	$0.00	0.0%
Common Stock, Shares Authorized	2.5B	2.5B	0.0%	1B2026-01-31	1B	0.0%
Common Stock, Shares, Issued	449M	448M	+0.3%	448M2026-01-31	447M	+0.3%
Common Stock, Shares, Outstanding	449M	448M	+0.3%	448M2026-01-31	447M	+0.3%
Common Stock, Value, Issued	$200K	$200K	0.0%	$200K2026-01-31	$200K	0.0%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$292M	$183M	+59.8%	$447M2026-01-31	$121M	+269.5%
Contract with Customer, Liability	$245M	$203M	+20.5%	$195M2026-01-31	$229M	-14.9%
Convertible Debt	$4.16B2026-01-31	$0	–	$4.16B2026-01-31	$0	–
Cost of Revenue	$445M	$689M	-35.4%	$2.43B2026-01-31	$2.71B	-10.2%
CryptoAssetAddition	–	–	–	$500M2026-01-31	–	–
CryptoAssetCost	$200K2026-01-31	–	–	$200K2026-01-31	–	–
CryptoAssetDisposition	–	–	–	$428M2026-01-31	–	–
CryptoAssetFairValue	$100K2026-01-31	$0	–	$100K2026-01-31	$0	–
CryptoAssetFairValueNoncurrent	$0	$529M	-100.0%	–	–	–
CryptoAssetNumberOfUnits	2,000 bitcoin	4,710 bitcoin	-57.5%	1 bitcoin2026-01-31	–	–
CryptoAssetNumberOfUnits	4,710 bitcoinUnit2025-08-02	–	–	–	–	–
CryptoAssetRealizedAndUnrealizedGainLossNonoperating	-$75M	$28.6M	-362.2%	-$132M2026-01-31	$0	–
CryptoAssetRealizedLossNonoperating	–	–	–	$71.8M2026-01-31	–	–
CryptoAssetUnrealizedGainLossNonoperating	-$75M	$28.6M	-362.2%	-$100K2026-01-31	–	–
CryptoAssetUnrealizedGainNonoperating	$28.6M2025-08-02	–	–	$2.3M2026-01-31	–	–
Current Federal Tax Expense (Benefit)	–	–	–	$22.2M2026-01-31	$1.9M	+1,068.4%
Current Foreign Tax Expense (Benefit)	–	–	–	$800K2026-01-31	$2.2M	-63.6%
Current Income Tax Expense (Benefit)	–	–	–	$32.3M2026-01-31	$7.7M	+319.5%
Current State and Local Tax Expense (Benefit)	–	–	–	$9.3M2026-01-31	$3.6M	+158.3%
Debt Instrument, Convertible, Conversion Price	$32.002025-10-07	–	–	$32.002025-10-07	–	–
Debt Securities, Available-for-sale	$5.45B	$552M	+887.0%	$3.08B2026-01-31	$18.1M	+16,903.3%
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	$72.1M	$28.6M	+152.1%	$400K2026-01-31	$0	–
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	$135M	$0	–	$59.8M2026-01-31	$0	–
Debt Securities, Available-for-sale, Amortized Cost	$5.51B	$523M	+952.9%	$3.14B2026-01-31	$18.1M	+17,231.5%
Deferred Credits and Other Liabilities, Current	$245M	$203M	+20.5%	$195M2026-01-31	$229M	-14.9%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	-$48.4M2026-01-31	$0	–
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	$3.4M2026-01-31	-$1.8M	+288.9%
Deferred Income Tax Assets, Net	$16.9M	$18.8M	-10.1%	$86.8M2026-01-31	$18.1M	+379.6%
Deferred Income Tax Expense (Benefit)	–	–	–	-$66.7M2026-01-31	-$1.8M	-3,605.6%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	-$21.7M2026-01-31	$0	–

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-01, 10-Q 2026-05-02, 10-K 2026-01-31, 10-Q 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-K 2025-02-01, 10-Q 2024-11-02, 10-Q 2024-08-03

Data as of 2026-11-02