Barnes & Noble Education, Inc. stock research
FY2026 Q2
Barnes & Noble Education (BNED) Gross Margin — Quarter Ended Nov 1, 2025
Revenue and gross profit both rose compared to the prior quarter and the same quarter last year, while the cost of revenue also increased. Gross margin improved from the prior quarter but weakened relative to the same quarter a year ago.
Gross margin takeaway
Quarter ended Nov 1, 2025 · FY2026 Q2
Revenue and gross profit both rose compared to the prior quarter and the same quarter last year, while the cost of revenue also increased. Gross margin improved from the prior quarter but weakened relative to the same quarter a year ago.
- Gross margin improved versus the preceding quarter, driven by a larger proportion of revenue flowing through to gross profit relative to cost of revenue.
- Compared to the prior quarter, gross margin increased. Compared to the same quarter a year earlier, gross margin declined.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
21.7%
Gross profit
$129.8M
Revenue
$598.2M
Cost of revenue
$514.6M
Quarter-over-quarter change
+1.5 pts
Year-over-year change
-1.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Oct 26, 2024 | $559.7M | $128.5M | $473.6M | 23.0% |
| Jan 25, 2025 | $419.7M | $93.8M | $369.1M | 22.3% |
| Aug 2, 2025 | $274.2M | $55.4M | $232.8M | 20.2% |
| Nov 1, 2025 | $598.2M | $129.8M | $514.6M | 21.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Aug 2, 2025
+1.5 pts
Year-over-year change
Oct 26, 2024
-1.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin improved versus the preceding quarter, driven by a larger proportion of revenue flowing through to gross profit relative to cost of revenue.
Compared to the prior quarter, gross margin increased. Compared to the same quarter a year earlier, gross margin declined.
Monitor whether the year-over-year decline in gross margin narrows or continues in future quarters.