URBN

MKT CAP:$7B

Urban Outfitters, Inc.

Market Cap

$7B

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Apparel - Retail·🇺🇸·NASDAQ

Stock Price

$73.57-$1.77 (-2.35%)

Apr 23, 2026

Company Details

Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. It operates Urban Outfitters stores, which offer women's and men's fashion a...

CEO

Richard A. Hayne

IPO Date

Nov 9, 1993

Website

www.urbn.com

Key Metrics TTM

Revenue

$6.2B

+11.1% YoY

Net Income

$465M

EPS (Diluted)

$5.06

Free Cash Flow

$445M

Revenue / Share

$67.49

Gross Margin

36.0%

Operating Margin

9.9%

Net Margin

7.5%

FCF Margin

7.2%

P/S

1.1x

P/E

14.2x

Earnings Reports

FY 2026

Feb 26, 2026

$6.2B+11.1%EPS $5.06

Q4 2026

Feb 26, 2026

$1.8B+10.1%EPS $1.05

Q3 2026

Dec 10, 2025

$1.5B+12.3%EPS $1.27

Q2 2026

Sep 9, 2025

$1.5B+11.3%EPS $1.58

Q1 2026

Jun 9, 2025

$1.3B+10.7%EPS $1.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$1.1B	$323M	$46M
Q2 23	$1.2B	$375M	$86M
Q3 23	$1.2B	$357M	$57M
Q4 23	$1.4B	$372M	$37M
Q1 24	$1.1B	$371M	$71M
Q2 24	$1.3B	$456M	$132M
Q3 24	$1.3B	$454M	$109M
Q4 24	$1.5B	$434M	$57M
Q1 25	$1.2B	$413M	$79M
Q2 25	$1.4B	$493M	$145M
Q3 25	$1.4B	$497M	$129M
Q4 25	$1.6B	$528M	$125M
Q1 26	$1.3B	$489M	$128M
Q2 26	$1.5B	$566M	$174M
Q3 26	$1.5B	$565M	$146M
Q4 26	$1.8B	$599M	$159M

Valuation

Quarter	P/S	P/E
Q1 23	1.4x	22.9x
Q2 23	1.4x	29.9x
Q3 23	1.4x	39.0x
Q4 23	1.4x	41.3x
Q1 24	1.4x	36.5x
Q2 24	1.3x	29.3x
Q3 24	1.3x	24.3x
Q4 24	1.3x	22.9x
Q1 25	1.3x	22.3x
Q2 25	1.2x	21.3x
Q3 25	1.2x	20.0x
Q4 25	1.2x	16.4x
Q1 26	1.2x	14.7x
Q2 26	1.1x	13.9x
Q3 26	1.1x	13.5x
Q4 26	1.1x	14.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$80M	-$153M
Q2 23	$48M	$16M
Q3 23	$25M	-$12M
Q4 23	$149M	$93M
Q1 24	$36M	$3M
Q2 24	$175M	$129M
Q3 24	$69M	-$4M
Q4 24	$229M	$181M
Q1 25	$59M	$17M
Q2 25	$105M	$48M
Q3 25	$19M	-$27M
Q4 25	$320M	$282M
Q1 26	$33M	-$13M
Q2 26	$218M	$264M
Q3 26	$61M	-$23M
Q4 26	$263M	$217M

Capital Expenditures

Quarter	CapEx
Q1 23	$74M
Q2 23	$32M
Q3 23	$38M
Q4 23	$56M
Q1 24	$33M
Q2 24	$46M
Q3 24	$73M
Q4 24	$49M
Q1 25	$41M
Q2 25	$58M
Q3 25	$45M
Q4 25	$39M
Q1 26	$46M
Q2 26	$46M
Q3 26	$84M
Q4 26	$46M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+13.4%	+17.8%
Q2 23	+2.2%	+10.7%
Q3 23	+3.9%	+10.1%
Q4 23	+3.9%	+5.4%
Q1 24	+5.9%	+3.6%
Q2 24	+7.5%	+3.9%
Q3 24	+9.0%	+4.8%
Q4 24	+7.3%	+6.1%
Q1 25	+7.8%	+7.6%
Q2 25	+6.3%	+5.9%
Q3 25	+6.3%	+5.2%
Q4 25	+10.1%	+5.7%
Q1 26	+10.7%	+7.1%
Q2 26	+11.3%	+10.2%
Q3 26	+12.3%	+12.2%
Q4 26	+10.1%	+8.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$7M	0.7%
Q2 23	$7M	0.6%
Q3 23	$8M	0.7%
Q4 23	$7M	0.5%
Q1 24	$8M	0.7%
Q2 24	$8M	0.6%
Q3 24	$8M	0.6%
Q4 24	$7M	0.5%
Q1 25	$8M	0.6%
Q2 25	$8M	0.6%
Q3 25	$8M	0.6%
Q4 25	$8M	0.5%
Q1 26	$8M	0.6%
Q2 26	$7M	0.5%
Q3 26	$8M	0.5%
Q4 26	$8M	0.4%

OpEx Breakdown

Quarter	SG&A
Q1 23	$277M
Q2 23	$289M
Q3 23	$300M
Q4 23	$335M
Q1 24	$300M
Q2 24	$323M
Q3 24	$345M
Q4 24	$370M
Q1 25	$334M
Q2 25	$348M
Q3 25	$369M
Q4 25	$402M
Q1 26	$361M
Q2 26	$392M
Q3 26	$419M
Q4 26	$441M

Revenue Segments

Quarter	Accessories	Apparel	Home	Other	Nuuly Operations	Retail Operations	Wholesale Operations	Intersegment Eliminations	Subscription Operations
Q1 23	$120M	$698M	$163M	$71M	—	—	—	—	—
Q2 23	—	—	—	—	$29M	$1.1B	$62M	—	—
Q3 23	—	—	—	—	$35M	$1.1B	$73M	—	—
Q1 24	—	—	—	—	$51M	$1.0B	$63M	—	—
Q2 24	—	—	—	—	$56M	$1.2B	$61M	—	—
Q3 24	—	—	—	—	$66M	$1.1B	$74M	—	—
Q4 24	—	—	—	—	$63M	$1.4B	$56M	—	—
Q1 25	—	—	—	—	$78M	$1.1B	$63M	—	—
Q2 25	—	—	—	—	$91M	$1.2B	$67M	—	—
Q3 25	—	—	—	—	$97M	$1.2B	$85M	—	—
Q1 26	—	—	—	—	—	$1.1B	$75M	$3M	$124M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$72M	$188M	$259M
Q2 23	$92M	$160M	$252M
Q3 23	$147M	$146M	$294M
Q4 23	$201M	$181M	$383M
Q1 24	$172M	$210M	$381M
Q2 24	$225M	$251M	$476M
Q3 24	$206M	$249M	$455M
Q4 24	$178M	$287M	$465M
Q1 25	$174M	$313M	$487M
Q2 25	$209M	$352M	$561M
Q3 25	$183M	$340M	$523M
Q4 25	$290M	$320M	$610M
Q1 26	$189M	$286M	$475M
Q2 26	$332M	$291M	$623M
Q3 26	$307M	$305M	$612M
Q4 26	$369M	$327M	$696M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	96M	-2.4%	-3.0%
Q2 23	94M	-2.8%	-6.0%
Q3 23	93M	-0.7%	-6.4%
Q4 23	94M	+0.6%	-5.2%
Q1 24	94M	+0.2%	-2.6%
Q2 24	94M	+0.4%	+0.6%
Q3 24	94M	+0.2%	+1.5%
Q4 24	95M	+0.4%	+1.3%
Q1 25	95M	+0.2%	+1.3%
Q2 25	95M	-0.3%	+0.5%
Q3 25	95M	-0.2%	+0.1%
Q4 25	94M	-0.3%	-0.6%
Q1 26	93M	-0.8%	-1.6%
Q2 26	92M	-1.3%	-2.5%
Q3 26	92M	-0.4%	-2.7%
Q4 26	91M	-0.7%	-3.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 23	$45.7K	23K
Q2 23	$51.5K	23K
Q3 23	$51.1K	23K
Q4 23	$53.3K	26K
Q1 24	$42.8K	26K
Q2 24	$48.9K	26K
Q3 24	$49.3K	26K
Q4 24	$53.1K	28K
Q1 25	$42.9K	28K
Q2 25	$48.3K	28K
Q3 25	$48.6K	28K
Q4 25	$56.4K	29K
Q1 26	$45.8K	29K
Q2 26	$51.9K	29K
Q3 26	$52.7K	29K
Q4 26	$62.1K	29K

Revenue / Employee