GameStop (GME) Q4 2026 earnings summary

Executive summary

• Fourth quarter net sales declined to $1.104 billion from $1.283 billion year-over-year, but operating income rose to $135.2 million from $79.8 million.

• Full-year net sales were $3.63 billion, down from $3.82 billion, while net income surged to $418.4 million from $131.3 million.

• Adjusted net income for the year was $647.4 million, up sharply from $131.2 million in the prior year.

• Cash, cash equivalents, and marketable securities reached $9.0 billion at year-end, up from $4.8 billion.

Financial highlights

• Fourth quarter adjusted operating income was $147.7 million, up from $84.4 million year-over-year.

• Adjusted net income for Q4 was $291.4 million, more than double the prior year’s $136.4 million.

• Full-year adjusted operating income was $289.5 million, compared to an adjusted operating loss of $26.8 million last year.

• Adjusted EBITDA for the year was $345.4 million, up from $36.1 million.

• Free cash flow for the year was $597.3 million, up from $129.6 million.

Segment performance

• U.S. segment generated $2.67 billion in sales and $283.2 million in operating income for the year.

• Canada, Australia, and Europe segments posted operating losses for the year.

• Hardware and accessories accounted for 50.7% of annual sales, software 20.1%, and collectibles 29.2%.