The Descartes Systems Group Inc. (DSGX) Income Statement
DSGX FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsDSGX revenue and net income
Where DSGX's revenue goes
FY2026Each bar shows an amount and its share of revenue. DSGX kept 22.5% of revenue as net income.
DSGX profit margins
DSGX growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.0% | +14.5% | +15.9% | +14.7% |
| Gross profit | +14.1% | +14.7% | +16.8% | +15.7% |
| Operating income | +21.7% | +19.1% | +25.3% | +22.9% |
| Net income | +14.3% | +17.0% | +25.7% | +23.1% |
| EPS (diluted) | +15.3% | +16.8% | +6.5% | +12.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DSGX quarterly EPS vs estimates
Descartes Systems beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: December 2, 2026 (estimate $0.61).
DSGX income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $729.0M | $651.0M | $572.9M | $486.0M | $424.7M | $348.7M | $325.8M | $275.2M | $237.4M | $203.8M |
| Cost of revenue | $167.1M | $158.6M | $138.3M | $113.3M | $101.8M | $89.9M | $85.7M | $75.0M | $63.7M | $56.1M |
| Gross profit | $561.9M | $492.4M | $434.6M | $372.7M | $322.9M | $258.8M | $240.1M | $200.2M | $173.7M | $147.7M |
| Research & development | $105.3M | $95.5M | $84.4M | $70.4M | $62.6M | $54.1M | $53.5M | $47.9M | $41.8M | $35.6M |
| Sales, general & admin | $155.0M | $138.9M | $125.5M | $106.3M | $91.3M | $75.1M | $75.0M | $66.9M | $58.6M | $48.0M |
| Total operating expenses | $341.5M | $311.3M | $291.8M | $242.3M | $219.4M | $187.4M | $187.8M | $158.7M | $137.9M | $117.0M |
| Operating income | $220.4M | $181.1M | $142.8M | $130.4M | $103.4M | $71.4M | $52.3M | $41.4M | $35.9M | $30.7M |
| Interest income | — | — | — | — | — | — | $4.2M | $1.9M | $1.1M | $804,000 |
| Interest expense | $988,218 | $1.0M | $1.4M | $1.2M | $1.1M | $1.2M | $4.4M | $2.1M | $1.3M | $611,000 |
| Income before taxes | $217.1M | $191.6M | $151.2M | $133.7M | $102.6M | $70.4M | $48.0M | $39.5M | $34.7M | $31.5M |
| Income taxes | $53.3M | $48.4M | $35.2M | $31.5M | $16.3M | $18.3M | $11.0M | $8.2M | $7.9M | $7.7M |
| Net income | $163.8M | $143.3M | $115.9M | $102.2M | $86.3M | $52.1M | $37.0M | $31.3M | $26.9M | $23.8M |
| EBITDA | $305.2M | $263.6M | $219.4M | $198.0M | $166.5M | $133.2M | $114.1M | $86.4M | $73.6M | $65.7M |
| EPS (diluted) | $1.96 | $1.70 | $1.54 | $1.23 | $1.97 | $1.43 | $1.12 | $1.20 | $1.07 | $0.92 |
| Gross margin | 77.1% | 75.6% | 75.9% | 76.7% | 76.0% | 74.2% | 73.7% | 72.7% | 73.2% | 72.5% |
| Operating margin | 30.2% | 27.8% | 24.9% | 26.8% | 24.4% | 20.5% | 16.0% | 15.1% | 15.1% | 15.1% |
| Net margin | 22.5% | 22.0% | 20.2% | 21.0% | 20.3% | 14.9% | 11.4% | 11.4% | 11.3% | 11.7% |
| 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 | $201.1M | $193.6M | $194.6M | $185.8M | $179.8M | $168.7M | $167.5M | $168.8M | $163.4M | $151.3M | $148.2M | $144.7M |
| Cost of revenue | $44.4M | $43.4M | $23.2M | $62.5M | $41.6M | $39.7M | $39.5M | $43.2M | $40.5M | $49.7M | $51.5M | $34.3M |
| Gross profit | $156.7M | $150.2M | $171.4M | $123.3M | $138.2M | $129.0M | $128.0M | $125.6M | $122.9M | $99.4M | $97.6M | $110.4M |
| Research & development | $28.3M | $27.4M | $27.2M | $26.3M | $26.8M | $25.1M | $24.9M | $24.5M | $23.9M | $21.9M | $21.2M | $21.1M |
| Sales, general & admin | $43.6M | $41.9M | $41.6M | $18.3M | $37.7M | $35.2M | $35.0M | $36.0M | $35.6M | $14.9M | $14.6M | $31.9M |
| Total operating expenses | $90.0M | $86.6M | $107.0M | $61.7M | $90.0M | $82.8M | $80.9M | $79.8M | $77.0M | $51.5M | $47.5M | $68.3M |
| Operating income | $66.7M | $63.6M | $64.4M | $61.6M | $48.2M | $46.2M | $47.1M | $45.8M | $45.8M | $42.4M | $37.1M | $32.4M |
| Interest expense | $238,917 | $236,000 | $267,656 | $241,562 | $243,000 | $236,000 | $244,000 | $244,000 | $243,000 | $273,000 | $343,000 | $343,000 |
| Income before taxes | $68.6M | $65.3M | $61.9M | $57.8M | $49.5M | $47.9M | $48.7M | $48.4M | $48.3M | $46.2M | $40.1M | $34.8M |
| Income taxes | $18.5M | $16.8M | $15.9M | $14.3M | $11.5M | $11.7M | $11.4M | $11.9M | $13.6M | $11.5M | $8.3M | $8.2M |
| Net income | $50.0M | $48.5M | $46.0M | $43.5M | $38.0M | $36.2M | $37.4M | $36.6M | $34.7M | $34.7M | $31.8M | $26.6M |
| EBITDA | $88.5M | $84.3M | $84.6M | $79.9M | $71.7M | $68.7M | $66.5M | $67.6M | $66.8M | $61.9M | $57.3M | $58.8M |
| EPS (diluted) | $0.57 | $0.56 | $0.53 | $0.51 | $0.48 | $0.44 | $0.44 | $0.43 | $0.40 | $0.43 | $0.44 | $0.39 |
| Gross margin | 77.9% | 77.6% | 88.1% | 66.3% | 76.9% | 76.4% | 76.4% | 74.4% | 75.2% | 65.7% | 65.8% | 76.3% |
| Operating margin | 33.2% | 32.9% | 33.1% | 33.1% | 26.8% | 27.4% | 28.1% | 27.1% | 28.1% | 28.0% | 25.0% | 22.4% |
| Net margin | 24.9% | 25.0% | 23.7% | 23.4% | 21.1% | 21.5% | 22.3% | 21.7% | 21.2% | 22.9% | 21.5% | 18.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DSGX's financial statements (latest annual report filed March 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DSGX financial results
In fiscal year 2026 (ended January 31, 2026), Descartes Systems reported revenue of $729.0 million, up 12.0% from the year before. It had net income of $163.8 million (up 14.3%), a net profit margin of 22.5%. Diluted earnings per share came to $1.96. Over five years revenue grew at an average rate of 15.9% a year.
See the DSGX stock overview for the latest quote and news, or the DSGX chart for price history and technical indicators.
DSGX income statement FAQ
What is Descartes Systems's annual revenue?
Descartes Systems reported total revenue of $729.0 million for fiscal year 2026, which ended on January 31, 2026. That was up 12.0% from $651.0 million the previous year.
Is Descartes Systems profitable?
Yes. Descartes Systems reported net income of $163.8 million in fiscal 2026, a net profit margin of 22.5%; its operating margin was 30.2%.
What is Descartes Systems's gross margin?
Descartes Systems's gross margin was 77.1% in fiscal 2026: for every $100 of revenue, Descartes Systems kept $77 after the direct cost of its products and services.
How much does Descartes Systems spend on research and development?
Descartes Systems spent $105.3 million on research and development in fiscal 2026, 14.4% of revenue.
How fast is Descartes Systems growing?
Revenue grew 15.9% a year on average over the last five fiscal years, from $348.7 million to $729.0 million.
What are Descartes Systems's earnings per share?
Descartes Systems earned $1.96 per diluted share in fiscal 2026, compared with $1.70 a year earlier.
When will Descartes Systems report its next earnings?
Descartes Systems is expected to report results for the quarter ending October 31, 2026 on December 2, 2026 after the market closes.
When does Descartes Systems's fiscal year end?
Descartes Systems's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 11, 2026.