GameStop (GME) financial statements
GameStop reported revenue of $3.6B in fiscal 2026, down 8.4% a year over 9 years.
Net income was $418M and the operating margin 6.4%, against 6.0% in 2017.
Free cash flow was $597M.
The diluted share count rose 32% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from GameStop's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.0B | $8.5B | $8.3B | $6.5B | $5.1B | $6.0B | $5.9B | $5.3B | $3.8B | $3.6B |
| Cost of revenue | $5.5B | $6.1B | $6.0B | $4.6B | $3.8B | $4.7B | $4.6B | $4.0B | $2.7B | $2.4B |
| Gross profit | $2.5B | $2.5B | $2.3B | $1.9B | $1.3B | $1.3B | $1.4B | $1.3B | $1.1B | $1.2B |
| Selling, general and admin | $1.9B | $2.0B | $2.0B | $1.9B | $1.5B | $1.7B | $1.7B | $1.3B | $1.1B | $910M |
| Operating income | $482M | $439M | -$702M | -$400M | -$238M | -$368M | -$312M | -$34M | -$26M | $232M |
| Interest expense | $54M | $57M | $57M | $27M | $32M | $27M | — | — | — | — |
| Pre-tax income | $429M | $384M | -$753M | -$427M | -$270M | -$395M | -$302M | $13M | $137M | $384M |
| Income tax | $124M | $154M | $42M | $38M | -$55M | -$14M | $11M | $6M | $6M | -$34M |
| Net income | $353M | $35M | -$673M | -$471M | -$215M | -$381M | -$313M | $7M | $131M | $418M |
| EPS (diluted) | $0.85 | $0.09 | -$1.65 | -$1.34 | -$0.83 | -$1.31 | -$1.03 | $0.02 | $0.33 | $0.77 |
| Diluted shares | 415M | 406M | 408M | 350M | 260M | 290M | 304M | 305M | 395M | 549M |
| Gross margin | 31.4% | 29.1% | 27.9% | 29.5% | 24.7% | 22.4% | 23.1% | 24.5% | 29.1% | 33.0% |
| Operating margin | 6.0% | 5.1% | -8.5% | -6.2% | -4.7% | -6.1% | -5.3% | -0.7% | -0.7% | 6.4% |
| Net margin | 4.4% | 0.4% | -8.1% | -7.3% | -4.2% | -6.3% | -5.3% | 0.1% | 3.4% | 11.5% |
Balance sheet
Fiscal years, from GameStop's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $664M | $854M | $1.6B | $499M | $508M | $1.3B | $1.4B | $1.2B | $4.8B | $9.0B |
| Receivables | $221M | $139M | $134M | $142M | $105M | $141M | $154M | $91M | $61M | $45M |
| Inventory | $1.1B | $1.3B | $1.3B | $860M | $602M | $915M | $683M | $632M | $480M | $403M |
| Total current assets | $2.1B | $3.0B | $3.1B | $1.6B | $1.6B | $2.6B | $2.3B | $2.0B | $5.4B | $10.0B |
| Property, plant and equipment | $363M | $351M | $321M | $276M | $201M | $164M | $136M | $95M | $68M | $48M |
| Goodwill | $1.4B | $1.4B | $364M | $0 | $0 | — | — | — | — | — |
| Total assets | $5.0B | $5.0B | $4.0B | $2.8B | $2.5B | $3.5B | $3.1B | $2.7B | $5.9B | $10.4B |
| Total current liabilities | $1.8B | $1.9B | $2.2B | $1.2B | $1.3B | $1.4B | $1.3B | $934M | $665M | $654M |
| Long-term debt | $815M | $818M | $472M | $420M | $216M | $40M | — | $18M | — | — |
| Total liabilities | $2.7B | $2.8B | $2.7B | $2.2B | $2.0B | $1.9B | $1.8B | $1.4B | $946M | $4.9B |
| Shareholders' equity | $2.3B | $2.2B | $1.3B | $612M | $437M | $1.6B | $1.3B | $1.3B | $4.9B | $5.4B |
| Net debt | $150M | -$36M | -$804M | -$80M | -$171M | -$1.2B | -$1.1B | -$893M | -$4.7B | -$6.3B |
Cash flow
Fiscal years, from GameStop's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $537M | $435M | $325M | -$414M | $124M | -$434M | $108M | -$204M | $146M | $615M |
| Capital spending | $143M | $113M | $94M | $78M | $60M | $62M | $56M | $35M | $16M | $18M |
| Free cash flow | $394M | $322M | $231M | -$493M | $64M | -$496M | $52M | -$239M | $130M | $597M |
| Stock-based compensation | $18M | $26M | $11M | $9M | $8M | $30M | $40M | $22M | $16M | $27M |
| Dividends paid | $156M | $155M | $157M | $40M | $300,000 | $0 | $0 | — | — | — |
| Share buybacks (net) | -$63M | -$22M | $0 | -$199M | $0 | $0 | — | — | — | — |
| Net borrowing | $475M | $0 | $0 | -$404M | -$130M | -$307M | $0 | $0 | — | — |
| Free cash flow margin | 5.0% | 3.8% | 2.8% | -7.6% | 1.3% | -8.3% | 0.9% | -4.5% | 3.4% | 16.5% |
| Dividends per share | $0.37 | $0.38 | $0.39 | $0.12 | $0.00 | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for GME.
Open GME in InvestinglyQuestions
What was GameStop's revenue in 2026?
$3.6B in fiscal 2026, from its 10-K filing.
How much free cash flow does GameStop generate?
$597M in fiscal 2026 (operating cash flow minus capital spending).
From GameStop's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.