GameStop Corp. stock research
FY2026 Q1
GameStop (GME) Gross Margin & Quarterly History
Explore GameStop Corp. (GME) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended May 2, 2026 · FY2026 Q1
Revenue decreased from the prior quarter but increased from the same quarter last year, while gross profit followed a similar pattern. Cost of revenue declined compared to the prior quarter and rose only slightly year over year, resulting in a gross margin that improved versus both periods.
- The gross margin improved relative to both the preceding quarter and the year-ago quarter, reflecting a shift in the relationship between cost of revenue and revenue. Sequentially, the decline in cost of revenue outpaced the decline in revenue.
- Compared to the prior quarter, revenue and gross profit were lower, but cost of revenue was also lower, leading to a higher gross margin. Versus the year-ago quarter, revenue and gross profit were higher, while cost of revenue was slightly higher, yet gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
40.7%
Gross profit
$340.3M
Revenue
$835.3M
Cost of revenue
$495.0M
Quarter-over-quarter change
+5.7 pts
Year-over-year change
+6.2 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 |
|---|---|---|---|---|
| Aug 2, 2025 | $972.2M | $283.1M | $689.1M | 29.1% |
| Nov 1, 2025 | $821.0M | $273.4M | $547.6M | 33.3% |
| Jan 31, 2026 | $1.1B | $386.8M | $717.5M | 35.0% |
| May 2, 2026 | $835.3M | $340.3M | $495.0M | 40.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2026
+5.7 pts
Year-over-year change
May 3, 2025
+6.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved relative to both the preceding quarter and the year-ago quarter, reflecting a shift in the relationship between cost of revenue and revenue. Sequentially, the decline in cost of revenue outpaced the decline in revenue.
Compared to the prior quarter, revenue and gross profit were lower, but cost of revenue was also lower, leading to a higher gross margin. Versus the year-ago quarter, revenue and gross profit were higher, while cost of revenue was slightly higher, yet gross margin improved.
Monitor the trajectory of gross margin in future quarters, particularly whether the improved relationship between cost of revenue and revenue can be sustained.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| GameStop Corp. (GME) | 40.7% |