ePlus inc. (PLUS) Income Statement
PLUS FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsPLUS revenue and net income
Where PLUS's revenue goes
FY2026Each bar shows an amount and its share of revenue. PLUS kept 5.3% of revenue as net income.
PLUS profit margins
PLUS growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.1% | +5.7% | +9.3% | +7.3% |
| Gross profit | +7.1% | +4.4% | +8.4% | +8.4% |
| Operating income | +17.5% | −0.0% | +9.3% | +8.2% |
| Net income | +19.3% | +2.6% | +11.6% | +11.2% |
| EPS (diluted) | +2.8% | −1.6% | +8.3% | +12.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PLUS quarterly EPS vs estimates
ePlus inc. beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.31).
PLUS income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.44B | $2.07B | $2.23B | $2.07B | $1.82B | $1.57B | $1.59B | $1.37B | $1.42B | $1.33B |
| Cost of revenue | $1.85B | $1.52B | $1.69B | $1.55B | $1.36B | $1.17B | $1.21B | $1.04B | $1.09B | $1.03B |
| Gross profit | $589.5M | $550.5M | $534.2M | $517.5M | $461.5M | $393.6M | $373.7M | $330.4M | $323.5M | $299.8M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $423.4M | $399.7M | $367.7M | $333.5M | $297.1M | $271.3M | $279.2M | $237.1M | $228.1M | $205.2M |
| Total operating expenses | $423.4M | $409.1M | $375.9M | $351.4M | $314.2M | $287.2M | $278.4M | $250.9M | $238.0M | $212.5M |
| Operating income | $166.1M | $141.4M | $158.3M | $166.2M | $147.3M | $106.3M | $95.3M | $79.5M | $84.2M | $85.7M |
| Interest expense | $0 | $2.2M | $3.8M | $4.1M | $1.9M | $2.0M | $2.6M | $1.9M | $1.2M | $1.5M |
| Income before taxes | $173.4M | $148.8M | $161.1M | $163.0M | $146.9M | $106.9M | $96.0M | $86.2M | $83.9M | $86.1M |
| Income taxes | $49.3M | $40.9M | $45.3M | $43.6M | $41.3M | $32.5M | $26.9M | $23.0M | $28.8M | $35.6M |
| Net income | $128.8M | $108.0M | $115.8M | $119.4M | $105.6M | $74.4M | $69.1M | $63.2M | $55.1M | $50.6M |
| EBITDA | $201.1M | $171.7M | $185.9M | $185.7M | $172.2M | $128.8M | $115.0M | $106.8M | $100.9M | $99.4M |
| EPS (diluted) | $4.79 | $4.66 | $4.92 | $5.02 | $4.39 | $3.21 | $3.07 | $2.58 | $2.06 | $1.87 |
| Gross margin | 24.1% | 26.6% | 24.0% | 25.0% | 25.3% | 25.1% | 23.5% | 24.1% | 22.8% | 22.5% |
| Operating margin | 6.8% | 6.8% | 7.1% | 8.0% | 8.1% | 6.8% | 6.0% | 5.8% | 5.9% | 6.4% |
| Net margin | 5.3% | 5.2% | 5.2% | 5.8% | 5.8% | 4.7% | 4.3% | 4.6% | 3.9% | 3.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $649.1M | $581.6M | $614.8M | $608.8M | $637.3M | $498.1M | $511.0M | $493.4M | $535.7M | $554.5M | $509.1M | $587.6M |
| Cost of revenue | $497.8M | $440.7M | $462.6M | $446.7M | $489.1M | $357.1M | $374.3M | $366.1M | $408.8M | $428.4M | $375.2M | $447.9M |
| Gross profit | $151.3M | $140.9M | $152.2M | $162.1M | $148.2M | $141.0M | $136.6M | $127.3M | $126.9M | $126.1M | $133.8M | $139.7M |
| Sales, general & admin | $106.6M | $103.3M | $108.7M | $106.5M | $104.9M | $103.0M | $104.2M | $99.0M | $93.6M | $95.4M | $89.4M | $92.7M |
| Total operating expenses | $112.5M | $103.3M | $108.7M | $113.3M | $112.0M | $106.3M | $108.1M | $100.3M | $95.4M | $97.0M | $95.8M | $94.9M |
| Operating income | $38.8M | $37.6M | $43.5M | $48.8M | $36.2M | $34.7M | $28.5M | $27.0M | $31.5M | $29.0M | $38.0M | $44.9M |
| Interest expense | — | — | — | — | — | $572,000 | $517,000 | $537,000 | $585,000 | $723,000 | $983,000 | $1.2M |
| Income before taxes | $42.0M | $37.0M | $45.6M | $54.0M | $36.8M | $35.8M | $32.2M | $27.3M | $33.2M | $31.2M | $38.4M | $45.0M |
| Income taxes | $11.7M | $11.6M | $12.2M | $15.8M | $9.7M | $10.6M | $8.0M | $7.5M | $9.0M | $9.2M | $11.1M | $12.3M |
| Net income | $30.3M | $25.6M | $35.1M | $34.9M | $37.7M | $25.2M | $24.1M | $31.3M | $27.3M | $22.0M | $27.3M | $32.7M |
| EBITDA | $41.9M | $43.5M | $52.3M | $61.1M | $49.2M | $42.4M | $36.9M | $34.2M | $40.4M | $35.6M | $46.7M | $52.1M |
| EPS (diluted) | $1.16 | $0.78 | $1.45 | $1.53 | $1.03 | $1.11 | $1.06 | $1.36 | $1.13 | $0.93 | $1.18 | $1.40 |
| Gross margin | 23.3% | 24.2% | 24.8% | 26.6% | 23.3% | 28.3% | 26.7% | 25.8% | 23.7% | 22.7% | 26.3% | 23.8% |
| Operating margin | 6.0% | 6.5% | 7.1% | 8.0% | 5.7% | 7.0% | 5.6% | 5.5% | 5.9% | 5.2% | 7.5% | 7.6% |
| Net margin | 4.7% | 4.4% | 5.7% | 5.7% | 5.9% | 5.1% | 4.7% | 6.3% | 5.1% | 4.0% | 5.4% | 5.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PLUS's financial statements (latest annual report filed May 28, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PLUS financial results
In fiscal year 2026 (ended March 31, 2026), ePlus inc. reported revenue of $2.4 billion, up 18.1% from the year before. It had net income of $128.8 million (up 19.3%), a net profit margin of 5.3%. Diluted earnings per share came to $4.79. Over five years revenue grew at an average rate of 9.3% a year.
See the PLUS stock overview for the latest quote and news, or the PLUS chart for price history and technical indicators.
PLUS income statement FAQ
What is ePlus inc.'s annual revenue?
ePlus inc. reported total revenue of $2.4 billion for fiscal year 2026, which ended on March 31, 2026. That was up 18.1% from $2.1 billion the previous year.
Is ePlus inc. profitable?
Yes. ePlus inc. reported net income of $128.8 million in fiscal 2026, a net profit margin of 5.3%; its operating margin was 6.8%.
What is ePlus inc.'s gross margin?
ePlus inc.'s gross margin was 24.1% in fiscal 2026: for every $100 of revenue, ePlus inc. kept $24 after the direct cost of its products and services.
How fast is ePlus inc. growing?
Revenue grew 9.3% a year on average over the last five fiscal years, from $1.6 billion to $2.4 billion.
What are ePlus inc.'s earnings per share?
ePlus inc. earned $4.79 per diluted share in fiscal 2026, compared with $4.66 a year earlier.
When will ePlus inc. report its next earnings?
ePlus inc. is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does ePlus inc.'s fiscal year end?
ePlus inc.'s fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 28, 2026.