Companies /Consumer Cyclical
Gamestop Corporation - Class A
NYSE: GME Specialty Retail
$26.56
▲ $1.28 (+5.06%) today
Markets closed · 11:59pm ET

GameStop (GME) Q4 2025 Earnings

Reported Mar 24, 2026, 4:02pm ET · SEC source
$0.49
Beat +32.43%
EPS · est. $0.37 Adjusted

GAAP diluted EPS of $0.22 includes a $151.0 million loss on digital assets and related receivables (Bitcoin), $10.1 million in asset impairments, and a $50.9 million income tax benefit. Adjusted diluted EPS of $0.49 excludes these items plus $2.4 million in transformation costs.

$1.1B
Miss −24.71%
Revenue · est. $1.5B
+1.2%
Beating market
GME vs S&P since report
9 quarters
Consecutive EPS beats

How Did GME Stock React to Q4 2025 Earnings?

% change · around the report
0+2%+4%Mar 24Mar 25report 4:02pm ETearnings+0.3%+1.9%
0+2%+4%Mar 24Mar 25earnings+0.3%+1.9%
GME +1.9%S&P 500 +0.3%
0+2%+4%Mar 24Mar 25report 4:02pm ETearnings+0.4%+1.9%
0+2%+4%Mar 24Mar 25earnings+0.4%+1.9%
GME +1.9%NASDAQ +0.4%
−3%0+3%Mar 23Apr 1report 4:02pm ETearnings−0.3%+1.3%
−3%0+3%Mar 23Apr 1earnings−0.3%+1.3%
GME +1.3%S&P 500 −0.3%
−6%−3%0+3%Mar 23Apr 1report 4:02pm ETearnings−0.7%+1.3%
−6%−3%0+3%Mar 23Apr 1earnings−0.7%+1.3%
GME +1.3%NASDAQ −0.7%
+1.18%
Day of report
−2.25%
Next session
−1.39%
One week
+10.10%
30 days

S&P 500 over the same 30 days: +8.88%.

Did GME Beat Earnings? Q4 2025 Results

Yes. GameStop reported Q4 2025 earnings of $0.49 a share on Mar 24, 2026, beating the $0.37 consensus estimate by 32.4%. Revenue was $1.1B against a $1.5B estimate.

GameStop delivered a sharply bifurcated fiscal fourth quarter, posting adjusted diluted EPS of $0.49 against a $0.37 consensus estimate, a 32.43% beat, while revenue of $1.10 billion fell well short of the $1.47 billion Wall Street expected and slid 13.9% year over year. The story behind the earnings outperformance was a dramatic operational overhaul: gross margin expanded to 35.0% from 28.3% a year ago, and SG&A expenses were trimmed to $241.50 million from $282.50 million, pushing adjusted operating income to $147.70 million compared to $84.40 million in the prior-year period. GAAP results were clouded by a $151.00 million loss on the company's Bitcoin holdings, which offset otherwise strong operating gains and $86.00 million in net interest income. With roughly $9.00 billion in combined cash, marketable securities, and liquid assets on hand, investor attention is now squarely focused on capital deployment, including potential acquisitions that CEO Ryan Cohen has hinted at but not yet detailed.

Key Takeaways
  • Gross margin expansion to 35.0% from 28.3% year-over-year
  • SG&A cost reductions of $41.0 million year-over-year
  • Interest income of $86.0 million from cash and investment portfolio
  • Collectibles category grew to 33.1% of net sales from 21.1%
  • Income tax benefit of $50.9 million

GME YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$400.0M$800.0M$1.2B$1.3B$1.1BRevenue$363.4M$386.8MGross Profit$79.8M$135.2MOperating Income$131.3M$127.9MNet Income
$0$400.0M$800.0M$1.2BRevenueGross ProfitOperating IncomeNet Income
GME income statement, Q4 2025 versus Q4 2024
Metric Q4 2025 Q4 2024 Year over year
Revenue $1.1B $1.3B −13.9%
Gross Profit $386.8M $363.4M +6.4%
Operating Income $135.2M $79.8M +69.4%
Net Income $127.9M $131.3M −2.6%

GME Revenue by Segment

Hardware and Accessories
Collectibles$365.0M+34.9%
Software

GME Revenue by Geography

United States$788.5M
Australia$161.7M
Europe$154.1M
Canada

Figures from SEC filings and company reports. Not investment advice.