Under Armour, Inc. (UAA) Income Statement
UAA FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsUAA revenue and net income
Where UAA's revenue goes
FY2026Each bar shows an amount and its share of revenue. UAA kept −10.0% of revenue as net income.
UAA profit margins
UAA growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.9% | −5.6% | +2.1% | +2.3% |
| Gross profit | −8.7% | −5.1% | +0.9% | +1.7% |
| Operating income | −120.7% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −61.3% | −40.5% | −12.2% | −14.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
UAA quarterly EPS vs estimates
Under Armour beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 6, 2026 (estimate $0.00).
UAA income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.97B | $5.17B | $5.70B | $5.90B | $5.68B | $4.47B | $5.27B | $5.19B | $4.99B | $4.83B |
| Cost of revenue | $2.71B | $2.69B | $3.07B | $3.26B | $2.82B | $2.31B | $2.80B | $2.85B | $2.74B | $2.58B |
| Gross profit | $2.26B | $2.47B | $2.63B | $2.64B | $2.86B | $2.16B | $2.47B | $2.34B | $2.25B | $2.25B |
| Sales, general & admin | $2.29B | $2.27B | $2.40B | $2.38B | $2.33B | $2.17B | $2.23B | $2.18B | $2.09B | $1.82B |
| Total operating expenses | $2.29B | $2.30B | $2.40B | $2.38B | $2.38B | $2.77B | $2.23B | $2.37B | $2.22B | $1.83B |
| Operating income | −$35.4M | $171.1M | $229.8M | $263.6M | $486.3M | −$613.4M | $236.8M | −$25.0M | $27.8M | $417.5M |
| Interest income | — | $6.1M | $268,000 | $12.8M | — | — | — | — | — | — |
| Interest expense | $30.3M | $6.1M | — | $12.8M | $44.3M | $47.3M | $21.2M | $33.6M | $34.5M | $26.4M |
| Income before taxes | −$200.9M | −$204.2M | $262.0M | $265.8M | $392.1M | −$499.8M | $162.2M | −$67.8M | −$10.3M | $391.1M |
| Income taxes | $294.8M | −$2.9M | $30.0M | −$108.6M | $32.1M | $49.4M | $70.0M | −$20.6M | $38.0M | $131.3M |
| Net income | −$495.6M | −$201.3M | $232.0M | $374.5M | $360.1M | −$549.2M | $92.1M | −$46.3M | −$48.3M | $257.0M |
| EBITDA | −$61.0M | −$62.3M | $404.6M | $414.1M | $668.0M | $153.1M | $423.2M | $147.5M | $198.0M | $559.5M |
| EPS (diluted) | $0.12 | $0.31 | $0.56 | $0.57 | $0.68 | $0.23 | −$0.05 | $0.31 | −$0.08 | $0.52 |
| Gross margin | 45.5% | 47.9% | 46.1% | 44.8% | 50.3% | 48.3% | 46.9% | 45.1% | 45.1% | 46.5% |
| Operating margin | −0.7% | 3.3% | 4.0% | 4.5% | 8.6% | −13.7% | 4.5% | −0.5% | 0.6% | 8.6% |
| Net margin | −10.0% | −3.9% | 4.1% | 6.3% | 6.3% | −12.3% | 1.7% | −0.9% | −1.0% | 5.3% |
| 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 | $1.10B | $1.17B | $1.33B | $1.34B | $1.14B | $1.18B | $1.40B | $1.40B | $1.18B | $1.33B | $1.49B | $1.57B |
| Cost of revenue | $504.1M | $679.1M | $737.5M | $699.8M | $582.3M | $628.1M | $736.0M | $703.7M | $624.6M | $732.7M | $815.4M | $818.2M |
| Gross profit | $593.8M | $492.0M | $596.5M | $642.6M | $554.7M | $550.0M | $665.8M | $698.6M | $559.0M | $599.3M | $670.6M | $748.5M |
| Sales, general & admin | $543.1M | $517.7M | $664.5M | $577.2M | $391.8M | $582.0M | $605.1M | $519.8M | $837.3M | $599.2M | $601.3M | $605.8M |
| Total operating expenses | $547.1M | $517.7M | $664.1M | $581.4M | $256.0M | $598.0M | $608.9M | $519.4M | $562.9M | $605.8M | $599.2M | $609.0M |
| Operating income | $46.7M | −$25.7M | −$67.7M | $61.2M | $298.7M | −$48.1M | $56.9M | $179.1M | −$3.9M | −$6.5M | $71.4M | $139.5M |
| Interest income | — | — | $8.9M | $8.6M | $4.1M | $3.3M | $3.4M | $1.7M | — | — | — | $373,000 |
| Interest expense | $10.6M | $8.7M | $8.9M | $8.6M | $4.0M | $3.3M | $3.4M | $1.7M | $2.3M | $616,000 | $211,000 | $373,000 |
| Income before taxes | $29.1M | −$42.5M | −$160.2M | $7.1M | −$5.3M | −$79.7M | $7.5M | $168.2M | −$300.3M | −$8.7M | $119.3M | $133.1M |
| Income taxes | $28.3M | $866,000 | $270.6M | $25.9M | −$2.7M | −$12.2M | $6.3M | −$2.1M | $5.1M | −$8.5M | $8.6M | $28.4M |
| Net income | $545,000 | −$43.4M | −$430.8M | −$18.8M | −$2.6M | −$67.5M | $1.2M | $170.4M | −$305.4M | −$264,000 | $110.8M | $104.7M |
| EBITDA | $39.7M | −$33.8M | −$124.0M | $42.9M | $27.8M | −$37.3M | $42.1M | $202.8M | −$267.4M | $27.2M | $153.4M | $167.1M |
| EPS (diluted) | $0.05 | −$0.03 | $0.09 | $0.04 | $0.02 | −$0.08 | $0.08 | $0.30 | $0.01 | $0.11 | $0.19 | $0.24 |
| Gross margin | 54.1% | 42.0% | 44.7% | 47.9% | 48.8% | 46.7% | 47.5% | 49.8% | 47.2% | 45.0% | 45.1% | 47.8% |
| Operating margin | 4.3% | −2.2% | −5.1% | 4.6% | 26.3% | −4.1% | 4.1% | 12.8% | −0.3% | −0.5% | 4.8% | 8.9% |
| Net margin | 0.0% | −3.7% | −32.3% | −1.4% | −0.2% | −5.7% | 0.1% | 12.2% | −25.8% | −0.0% | 7.5% | 6.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in UAA's financial statements (latest annual report filed May 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
UAA financial results
In fiscal year 2026 (ended March 31, 2026), Under Armour reported revenue of $5.0 billion, down 3.9% from the year before. It had a net loss of $495.6 million, a net profit margin of −10.0%. Diluted earnings per share came to $0.12. Over five years revenue grew at an average rate of 2.1% a year.
See the UAA stock overview for the latest quote and news, or the UAA chart for price history and technical indicators.
UAA income statement FAQ
What is Under Armour's annual revenue?
Under Armour reported total revenue of $5.0 billion for fiscal year 2026, which ended on March 31, 2026. That was down 3.9% from $5.2 billion the previous year.
Is Under Armour profitable?
No. Under Armour reported a net loss of $495.6 million in fiscal 2026, a net profit margin of −10.0%; its operating margin was −0.7%.
What is Under Armour's gross margin?
Under Armour's gross margin was 45.5% in fiscal 2026: for every $100 of revenue, Under Armour kept $45 after the direct cost of its products and services.
How fast is Under Armour growing?
Revenue grew 2.1% a year on average over the last five fiscal years, from $4.5 billion to $5.0 billion.
What are Under Armour's earnings per share?
Under Armour earned $0.12 per diluted share in fiscal 2026, compared with $0.31 a year earlier.
When will Under Armour report its next earnings?
Under Armour is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Under Armour's fiscal year end?
Under Armour's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 19, 2026.