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Stocks · Consumer discretionary · Retail-Miscellaneous Shopping Goods Stores

Barnes & Noble Education, Inc.

BNED Clue Score37
United States Fiscal year ends May CIK 0001634117
$12.51 +4.77% Close, 9 Oct 2026
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Price $12.51 +12.70% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue1,874.4Operating income13.6Net income5.4EPS, diluted0.11Fiscal year 2018Revenue2,203.6 +17.6%Operating income−262.7Net income−252.6 −4,811.2%EPS, diluted−5.40Fiscal year 2019Revenue2,034.6 −7.7%Operating income−27.7Net income−24.4EPS, diluted−0.52Fiscal year 2020Revenue1,851.1 −9.0%Operating income−42.8Net income−38.3EPS, diluted−0.80Fiscal year 2021Revenue1,406.5 −24.0%Operating income−168.8Net income−139.8EPS, diluted−2.81Fiscal year 2022Revenue1,495.7 +6.3%Operating income−60.6Net income−68.9EPS, diluted−1.33Fiscal year 2023Revenue1,543.2 +3.2%Operating income−66.4Net income−101.9EPS, diluted−38.61Fiscal year 2024Revenue1,430.5 −7.3%Operating income−33.8Net income−75.7EPS, diluted−28.46Fiscal year 2025Revenue1,463.2 +2.3%Operating income15.9Net income−65.8EPS, diluted−2.50Fiscal year 2026Revenue1,564.4 +6.9%Operating income36.5Net income16.9EPS, diluted0.49
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 1,874.4 2,203.6 2,034.6 1,851.1 1,406.5 1,495.7 1,543.2 1,430.5 1,463.2 1,564.4
Growth +17.6% −7.7% −9.0% −24.0% +6.3% +3.2% −7.3% +2.3% +6.9%
Operating income 13.6 −262.7 −27.7 −42.8 −168.8 −60.6 −66.4 −33.8 15.9 36.5
Net income 5.4 −252.6 −24.4 −38.3 −139.8 −68.9 −101.9 −75.7 −65.8 16.9
Growth −4,811.2%
EPS, diluted 0.11 −5.40 −0.52 −0.80 −2.81 −1.33 −38.61 −28.46 −2.50 0.49

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin24.5%Operating margin0.7%Net margin0.3%Free cash flow margin1.8%Fiscal year 2018Gross margin25.3%Operating margin−11.9%Net margin−11.5%Free cash flow margin0.8%Fiscal year 2019Gross margin25.9%Operating margin−1.4%Net margin−1.2%Free cash flow margin3.7%Fiscal year 2020Gross margin23.9%Operating margin−2.3%Net margin−2.1%Free cash flow margin−2.4%Fiscal year 2021Gross margin16.4%Operating margin−12.0%Net margin−9.9%Free cash flow margin0.4%Fiscal year 2022Gross margin22.9%Operating margin−4.1%Net margin−4.6%Free cash flow margin−2.2%Fiscal year 2023Gross margin22.6%Operating margin−4.3%Net margin−6.6%Free cash flow margin4.3%Fiscal year 2024Gross margin24.1%Operating margin−2.4%Net margin−5.3%Free cash flow margin−1.3%Fiscal year 2025Gross margin23.1%Operating margin1.1%Net margin−4.5%Free cash flow margin−6.7%Fiscal year 2026Gross margin23.4%Operating margin2.3%Net margin1.1%Free cash flow margin2.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 24.5% 25.3% 25.9% 23.9% 16.4% 22.9% 22.6% 24.1% 23.1% 23.4%
Operating margin 0.7% −11.9% −1.4% −2.3% −12.0% −4.1% −4.3% −2.4% 1.1% 2.3%
Net margin 0.3% −11.5% −1.2% −2.1% −9.9% −4.6% −6.6% −5.3% −4.5% 1.1%
Free cash flow margin 1.8% 0.8% 3.7% −2.4% 0.4% −2.2% 4.3% −1.3% −6.7% 2.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow68.0Capital expenditure−34.7Free cash flow33.3Buybacks−9.4Fiscal year 2018Operating cash flow60.0Capital expenditure−42.8Free cash flow17.2 −48.3%Buybacks−1.6Fiscal year 2019Operating cash flow121.8Capital expenditure−46.4Free cash flow75.4 +337.4%Buybacks−2.0Fiscal year 2020Operating cash flow−8.7Capital expenditure−36.2Free cash flow−44.9 −159.5%Buybacks−1.3Fiscal year 2021Operating cash flow32.9Capital expenditure−27.6Free cash flow5.3Buybacks−0.9Fiscal year 2022Operating cash flow1.2Capital expenditure−33.6Free cash flow−32.4 −708.3%Buybacks−2.4Fiscal year 2023Operating cash flow91.7Capital expenditure−25.1Free cash flow66.6Buybacks−0.9Fiscal year 2024Operating cash flow−5.1Capital expenditure−14.1Free cash flow−19.2 −128.8%Buybacks−0.2Fiscal year 2025Operating cash flow−85.4Capital expenditure−12.9Free cash flow−98.3Buybacks−0.0Fiscal year 2026Operating cash flow50.1Capital expenditure−16.2Free cash flow33.9Buybacks0.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 68.0 60.0 121.8 −8.7 32.9 1.2 91.7 −5.1 −85.4 50.1
Capital expenditure −34.7 −42.8 −46.4 −36.2 −27.6 −33.6 −25.1 −14.1 −12.9 −16.2
Free cash flow 33.3 17.2 75.4 −44.9 5.3 −32.4 66.6 −19.2 −98.3 33.9
Growth −48.3% +337.4% −159.5% −708.3% −128.8%
Buybacks −9.4 −1.6 −2.0 −1.3 −0.9 −2.4 −0.9 −0.2 −0.0 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash19.0Shareholders’ equity713.7Fiscal year 2018Cash16.1Shareholders’ equity468.0Fiscal year 2019Cash14.0Shareholders’ equity450.6Fiscal year 2020Cash8.2Shareholders’ equity417.8Fiscal year 2021Cash8.0Shareholders’ equity293.0Fiscal year 2022Cash8.8Total debt185.7Net cash (debt)−176.9Shareholders’ equity228.4Debt to equity0.81Fiscal year 2023Cash14.2Total debt182.2Net cash (debt)−167.9Shareholders’ equity153.1Debt to equity1.19Fiscal year 2024Cash10.5Total debt196.3Net cash (debt)−185.9Shareholders’ equity80.4Debt to equity2.44Fiscal year 2025Cash9.1Total debt103.1Net cash (debt)−94.0Shareholders’ equity272.2Debt to equity0.38Fiscal year 2026Cash8.4Total debt71.0Net cash (debt)−62.6Shareholders’ equity294.4Debt to equity0.24
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 19.0 16.1 14.0 8.2 8.0 8.8 14.2 10.5 9.1 8.4
Total debt n/a n/a n/a n/a n/a 185.7 182.2 196.3 103.1 71.0
Net cash (debt) n/a n/a n/a n/a n/a −176.9 −167.9 −185.9 −94.0 −62.6
Shareholders’ equity 713.7 468.0 450.6 417.8 293.0 228.4 153.1 80.4 272.2 294.4
Debt to equity n/a n/a n/a n/a n/a 0.81 1.19 2.44 0.38 0.24

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 29 Apr 2017 FY2018 28 Apr 2018 FY2019 27 Apr 2019 FY2020 2 May 2020 FY2021 1 May 2021 FY2022 30 Apr 2022 FY2023 29 Apr 2023 FY2024 27 Apr 2024 FY2025 3 May 2025 FY2026 2 May 2026
Margins
24.5% 25.3% 25.9% 23.9% 16.4% 22.9% 22.6% 24.1% 23.1% 23.4%
0.7% −11.9% −1.4% −2.3% −12.0% −4.1% −4.3% −2.4% 1.1% 2.3%
0.5% −12.4% −1.8% −2.7% −12.6% −4.7% −5.8% −5.2% −4.2% 1.3%
0.3% −11.5% −1.2% −2.1% −9.9% −4.6% −6.6% −5.3% −4.5% 1.1%
1.8% 0.8% 3.7% −2.4% 0.4% −2.2% 4.3% −1.3% −6.7% 2.2%
Spending
20.3% 19.7% 20.8% 21.9% 22.5% 23.7% 23.2% 21.8% 19.4% 18.4%
1.8% 1.9% 2.3% 2.0% 2.0% 2.2% 1.6% 1.0% 0.9% 1.0%
46.9% n/a n/a n/a n/a n/a n/a n/a n/a 18.4%
Returns
0.8% −54.0% −5.4% −9.2% −47.7% −30.2% −66.5% −94.2% −24.2% 5.7%
0.4% −24.3% −2.6% −3.3% −13.6% −6.4% −10.4% −8.3% −8.3% 2.3%
Balance and payout
n/a n/a n/a n/a n/a 0.81 1.19 2.44 0.38 0.24
45.1% 55.0% 52.4% 63.9% 71.6% 78.7% 86.7% 91.2% 65.6% 60.2%
28.2% 9.5% 2.6% n/a 16.8% n/a 1.3% n/a n/a 0.0%