Barnes & Noble Education, Inc. (BNED) Income Statement
BNED FY2026 at a glance
Fiscal year ended April 30, 2026 · U.S. dollarsBNED revenue and net income
Where BNED's revenue goes
FY2026Each bar shows an amount and its share of revenue. BNED kept 1.0% of revenue as net income.
BNED profit margins
BNED growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.5% | +3.6% | +4.0% | −0.5% |
| Gross profit | +8.4% | +1.6% | +9.7% | −2.1% |
| Operating income | +172.6% | — | — | +25.2% |
| Net income | — | — | — | +69.9% |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BNED quarterly EPS vs estimates
Barnes & Noble Education beat the analyst EPS estimate in 5 of the last 8 quarters.
BNED income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.61B | $1.57B | $1.54B | $1.50B | $1.41B | $1.85B | $2.03B | $2.20B | $1.87B |
| Cost of revenue | $1.35B | $1.27B | $1.22B | $1.19B | $1.15B | $1.18B | $1.41B | $1.51B | $1.65B | $1.42B |
| Gross profit | $366.2M | $337.8M | $344.9M | $349.4M | $342.8M | $230.3M | $442.5M | $527.7M | $557.2M | $459.1M |
| Sales, general & admin | $289.6M | $283.8M | $311.6M | $357.6M | $354.0M | $338.3M | $404.5M | $423.9M | $433.7M | $379.1M |
| Total operating expenses | $322.4M | $1.59B | $378.7M | $415.9M | $403.4M | $399.1M | $485.3M | $555.4M | $819.9M | $445.5M |
| Operating income | $43.8M | $16.1M | −$33.8M | −$66.4M | −$60.6M | −$168.8M | −$42.8M | −$27.7M | −$262.7M | $13.6M |
| Interest income | $86,000 | $350,000 | $1.2M | $518,000 | — | — | — | — | — | — |
| Interest expense | $16.0M | $17.4M | $28.4M | $20.1M | $10.1M | $8.1M | $7.4M | $9.8M | $10.3M | $3.5M |
| Income before taxes | $20.7M | −$61.6M | −$74.2M | −$89.1M | −$70.7M | −$176.8M | −$50.2M | −$37.4M | −$273.0M | $10.1M |
| Income taxes | $3.8M | — | $858,000 | $1.0M | −$9.2M | −$43.3M | −$12.0M | −$13.1M | −$20.4M | $4.7M |
| Net income | $16.9M | −$65.8M | −$75.7M | −$101.9M | −$68.9M | −$139.8M | −$38.2M | −$24.4M | −$252.6M | $5.4M |
| EBITDA | $65.7M | −$6.2M | −$5.2M | −$26.9M | −$18.1M | −$122.8M | $23.2M | $39.3M | −$197.1M | $66.9M |
| EPS (diluted) | −$1.65 | −$1.91 | −$51.67 | −$74.41 | −$116.21 | −$75.41 | −$45.42 | $44.03 | $84.41 | $12.31 |
| Gross margin | 21.4% | 21.0% | 22.0% | 22.6% | 22.9% | 16.4% | 23.9% | 25.9% | 25.3% | 24.5% |
| Operating margin | 2.6% | 1.0% | −2.2% | −4.3% | −4.1% | −12.0% | −2.3% | −1.4% | −11.9% | 0.7% |
| Net margin | 1.0% | −4.1% | −4.8% | −6.6% | −4.6% | −9.9% | −2.1% | −1.2% | −11.5% | 0.3% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $290.6M | $267.1M | $515.1M | $644.4M | $288.2M | $278.3M | $466.3M | $602.1M | $263.4M | $235.9M | $456.7M | $610.4M |
| Cost of revenue | $233.5M | $182.2M | $426.4M | $514.6M | $232.8M | $221.7M | $369.9M | $473.6M | $216.2M | $166.1M | $356.6M | $474.1M |
| Gross profit | $57.0M | $84.9M | $88.7M | $129.8M | $55.4M | $56.6M | $96.4M | $128.5M | $47.2M | $69.9M | $100.0M | $136.2M |
| Sales, general & admin | $67.8M | $71.9M | $72.6M | $77.3M | $67.9M | $72.3M | $71.6M | $72.9M | $67.0M | $68.4M | $79.8M | $86.0M |
| Total operating expenses | $74.3M | $73.8M | $72.6M | $89.0M | $309.8M | $302.5M | $73.5M | $81.3M | $138.9M | $86.8M | $99.1M | $100.4M |
| Operating income | −$18.4M | $11.1M | $16.1M | $40.8M | −$21.7M | −$24.2M | $22.9M | $47.1M | −$91.7M | −$17.0M | $921,000 | $35.8M |
| Interest income | $19,000 | — | — | $13,000 | $10,000 | — | — | $287,000 | — | — | — | — |
| Interest expense | $2.7M | $3.4M | $4.9M | $3.0M | $2.8M | $718,000 | $5.1M | $4.8M | $7.6M | $10.8M | $10.6M | $10.7M |
| Income before taxes | −$20.0M | $935,000 | $9.7M | $36.9M | −$26.9M | −$30.9M | $17.8M | $41.7M | −$99.3M | −$27.8M | −$9.7M | $25.2M |
| Income taxes | −$7.1M | −$2.5M | $3.1M | $11.9M | — | — | $10.7M | −$1.5M | $136,000 | −$349,000 | $229,000 | $314,000 |
| Net income | −$12.9M | $3.5M | $6.7M | $25.0M | −$18.3M | −$23.2M | $7.1M | $43.2M | −$99.5M | −$27.4M | −$9.6M | $24.2M |
| EBITDA | −$10.3M | $9.2M | $22.0M | $47.5M | −$14.9M | — | $30.7M | $55.1M | −$78.7M | −$18.9M | $11.1M | $46.0M |
| EPS (diluted) | −$0.37 | $0.10 | — | −$0.67 | — | — | $0.12 | $1.87 | −$3.07 | −$10.24 | −$1.30 | $46.00 |
| Gross margin | 19.6% | 31.8% | 17.2% | 20.1% | 19.2% | 20.3% | 20.7% | 21.3% | 17.9% | 29.6% | 21.9% | 22.3% |
| Operating margin | −6.3% | 4.2% | 3.1% | 6.3% | −7.5% | −8.7% | 4.9% | 7.8% | −34.8% | −7.2% | 0.2% | 5.9% |
| Net margin | −4.4% | 1.3% | 1.3% | 3.9% | −6.3% | −8.3% | 1.5% | 7.2% | −37.8% | −11.6% | −2.1% | 4.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BNED's financial statements (latest annual report filed July 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BNED financial results
In fiscal year 2026 (ended April 30, 2026), Barnes & Noble Education reported revenue of $1.7 billion, up 6.5% from the year before. It had net income of $16.9 million, a net profit margin of 1.0%. Diluted earnings per share came to −$1.65. Over five years revenue grew at an average rate of 4.0% a year.
See the BNED stock overview for the latest quote and news, or the BNED chart for price history and technical indicators.
BNED income statement FAQ
What is Barnes & Noble Education's annual revenue?
Barnes & Noble Education reported total revenue of $1.7 billion for fiscal year 2026, which ended on April 30, 2026. That was up 6.5% from $1.6 billion the previous year.
Is Barnes & Noble Education profitable?
Yes. Barnes & Noble Education reported net income of $16.9 million in fiscal 2026, a net profit margin of 1.0%; its operating margin was 2.6%.
What is Barnes & Noble Education's gross margin?
Barnes & Noble Education's gross margin was 21.4% in fiscal 2026: for every $100 of revenue, Barnes & Noble Education kept $21 after the direct cost of its products and services.
How fast is Barnes & Noble Education growing?
Revenue grew 4.0% a year on average over the last five fiscal years, from $1.4 billion to $1.7 billion.
What are Barnes & Noble Education's earnings per share?
Barnes & Noble Education earned $-1.65 per diluted share in fiscal 2026, compared with $-1.91 a year earlier.
When does Barnes & Noble Education's fiscal year end?
Barnes & Noble Education's fiscal year ends in April. The latest annual report covers the year ended April 30, 2026 and was filed on July 9, 2026.