Abercrombie & Fitch (ANF) financial statements
Abercrombie & Fitch reported revenue of $5.3B in fiscal 2026, up 5.2% a year over 9 years.
Net income was $507M and the operating margin 13.3%, against 0.5% in 2017.
Free cash flow was $378M, and the company returned $451M in net buybacks.
The diluted share count fell 29% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Abercrombie & Fitch's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.5B | $3.6B | $3.6B | $3.1B | $3.7B | $3.7B | $4.3B | $4.9B | $5.3B |
| Cost of revenue | $1.3B | $1.4B | $1.4B | $1.5B | $1.2B | $1.4B | $1.6B | $1.6B | $1.8B | $2.0B |
| Gross profit | $2.0B | $2.1B | $2.2B | $2.2B | $1.9B | $2.3B | $2.1B | $2.7B | $3.2B | $3.2B |
| Selling, general and admin | — | — | — | — | — | — | $2.0B | $2.2B | $2.4B | $2.5B |
| Operating income | $15M | $72M | $127M | $70M | -$20M | $343M | $93M | $485M | $741M | $699M |
| Interest expense | $23M | $23M | $23M | $20M | $32M | $38M | $30M | $30M | — | — |
| Pre-tax income | -$3M | $55M | $116M | $62M | -$49M | $309M | $67M | $484M | $769M | $721M |
| Income tax | -$11M | $45M | $38M | $17M | $60M | $39M | $57M | $149M | $195M | $206M |
| Net income | $4M | $7M | $75M | $39M | -$114M | $263M | $3M | $328M | $566M | $507M |
| EPS (diluted) | $0.06 | $0.10 | $1.08 | $0.60 | -$1.82 | $4.20 | $0.05 | $6.22 | $10.69 | $10.46 |
| Diluted shares | 68M | 69M | 69M | 66M | 63M | 63M | 52M | 53M | 53M | 48M |
| Gross margin | 61.0% | 59.7% | 60.2% | 59.4% | 60.5% | 62.3% | 56.9% | 62.9% | 64.2% | 61.5% |
| Operating margin | 0.5% | 2.1% | 3.5% | 1.9% | -0.7% | 9.2% | 2.5% | 11.3% | 15.0% | 13.3% |
| Net margin | 0.1% | 0.2% | 2.1% | 1.1% | -3.6% | 7.1% | 0.1% | 7.7% | 11.4% | 9.6% |
Balance sheet
Fiscal years, from Abercrombie & Fitch's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $547M | $676M | $723M | $671M | $1.1B | $823M | $518M | $901M | $889M | $785M |
| Receivables | $93M | $80M | $73M | $80M | $84M | $69M | $105M | $78M | $105M | $147M |
| Inventory | $400M | $424M | $438M | $434M | $404M | $526M | $506M | $469M | $575M | $601M |
| Total current assets | $1.1B | $1.3B | $1.3B | $1.3B | $1.7B | $1.5B | $1.2B | $1.5B | $1.7B | $1.7B |
| Property, plant and equipment | $825M | $738M | $695M | $665M | $551M | $508M | $552M | $538M | $576M | $674M |
| Total assets | $2.3B | $2.3B | $2.4B | $3.5B | $3.3B | $2.9B | $2.7B | $3.0B | $3.3B | $3.5B |
| Total current liabilities | $486M | $508M | $559M | $815M | $959M | $1.0B | $902M | $967M | $1.1B | $1.1B |
| Long-term debt | $263M | $250M | $250M | $232M | $344M | $304M | $297M | $222M | $0 | — |
| Total liabilities | $1.0B | $1.1B | $1.2B | $2.5B | $2.4B | $2.1B | $2.0B | $1.9B | $1.9B | $2.1B |
| Shareholders' equity | $1.3B | $1.3B | $1.2B | $1.1B | $937M | $826M | $695M | $1.0B | $1.3B | $1.4B |
| Net debt | -$284M | -$426M | -$473M | -$439M | -$761M | -$520M | -$221M | -$679M | -$773M | -$760M |
Cash flow
Fiscal years, from Abercrombie & Fitch's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $185M | $288M | $353M | $301M | $405M | $278M | -$2M | $653M | $710M | $619M |
| Capital spending | $141M | $107M | $152M | $203M | $102M | $97M | $165M | $158M | $183M | $241M |
| Free cash flow | $44M | $181M | $201M | $98M | $303M | $181M | -$167M | $496M | $527M | $378M |
| Stock-based compensation | $22M | $22M | $22M | $14M | $19M | $29M | $29M | $40M | $39M | $39M |
| Dividends paid | $54M | $54M | $54M | $52M | $13M | $0 | $0 | — | — | — |
| Share buybacks (net) | $0 | $0 | -$69M | -$64M | -$15M | -$377M | -$126M | $0 | -$230M | -$451M |
| Net borrowing | — | — | $0 | -$20M | -$233M | $0 | $0 | — | — | — |
| Free cash flow margin | 1.3% | 5.2% | 5.6% | 2.7% | 9.7% | 4.9% | -4.5% | 11.6% | 10.7% | 7.2% |
| Dividends per share | $0.79 | $0.78 | $0.78 | $0.78 | $0.20 | — | — | — | — | — |
Questions
What was Abercrombie & Fitch's revenue in 2026?
$5.3B in fiscal 2026, from its 10-K filing.
How much free cash flow does Abercrombie & Fitch generate?
$378M in fiscal 2026 (operating cash flow minus capital spending).
From Abercrombie & Fitch's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.