EPLUS INCPLUSEarnings & Financial Report
ePlus Inc.(Nasdaq: PLUS) is an American consultative technology solutions provider that provides solutions and advisory and managed services across the technology spectrum, including security, cloud, networking, collaboration, artificial intelligence, and emerging solutions to more than 5,000 customers.
Revenue
$493.4M
Gross Profit
$127.3M
Operating Profit
$27.0M
Net Profit
$31.3M
Gross Margin
25.8%
Operating Margin
5.5%
Net Margin
6.3%
YoY Growth
-16.0%
EPS
$1.17
EPLUS INC Q2 FY2025 Financial Summary
EPLUS INC reported revenue of $493.4M (down 16.0% YoY) for Q2 FY2025, with a net profit of $31.3M (down 4.1% YoY) (6.3% margin). Cost of goods sold was $366.1M, operating expenses totaled $100.3M.
Key Financial Metrics
| Total Revenue | $493.4M |
|---|---|
| Net Profit | $31.3M |
| Gross Margin | 25.8% |
| Operating Margin | 5.5% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
EPLUS INC Q2 FY2025 revenue of $493.4M breaks down across 9 segments, led by Telecom Media Entertainment Customer End Market at $108.9M (22.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Telecom Media Entertainment Customer End Market | $108.9M | 22.1% |
| State And Local Government And Educational Institutions | $97.7M | 19.8% |
| Health Care Customer End Market | $78.2M | 15.9% |
| Technology Customer End Market | $55.0M | 11.1% |
| Managed Services Reporting Unit | $41.8M | 8.5% |
| Security | $41.2M | 8.4% |
| Financial Services Customer End Market | $34.8M | 7.0% |
| Financing Reporting Unit | $21.9M | 4.4% |
| Collaboration | $18.0M | 3.6% |
EPLUS INC Revenue by Segment — Quarterly Trend
EPLUS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Telecom Media Entertainment Customer End Market and State And Local Government And Educational Institutions) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q3 FY2025 |
|---|---|---|---|---|
| Telecom Media Entertainment Customer End Market | — | $176.8M | — | $126.2M |
| State And Local Government And Educational Institutions | $59.9M | — | — | $71.4M |
| Health Care Customer End Market | $81.5M | $82.3M | $74.3M | $58.7M |
| Technology Customer End Market | $89.4M | $69.5M | $82.7M | — |
| Managed Services Reporting Unit | $48.8M | $47.4M | $44.6M | $44.1M |
EPLUS INC Annual Revenue by Year
EPLUS INC annual revenue history includes year-by-year totals (for example, 2022 revenue was $1.8B).
| Year | Annual Revenue |
|---|---|
| 2022 | $1.8B |
EPLUS INC Quarterly Revenue & Net Profit History
EPLUS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $614.8M | +20.3% | $35.1M | 5.7% |
| Q2 FY2026 | $608.8M | +18.2% | $34.9M | 5.7% |
| Q1 FY2026 | $637.3M | +17.0% | $37.7M | 5.9% |
| Q3 FY2025 | $493.2M | -3.1% | $24.1M | 4.9% |
| Q2 FY2025 | $493.4M | -16.0% | $31.3M | 6.3% |
| Q1 FY2025 | $535.7M | -6.7% | $27.3M | 5.1% |
| Q3 FY2024 | $509.1M | -18.4% | $27.3M | 5.4% |
| Q2 FY2024 | $587.6M | +19.0% | $32.7M | 5.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $587.6M | $509.1M | $535.7M | $493.4M | $493.2M | $637.3M | $608.8M | $614.8M |
| YoY Growth | 19.0% | -18.4% | -6.7% | -16.0% | -3.1% | 17.0% | 18.2% | 20.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.62B | $1.60B | $1.65B | $1.70B | $1.77B | $1.80B | $1.77B | $1.83B |
| Liabilities | $773.1M | $717.8M | $729.0M | $753.1M | $803.4M | $778.7M | $720.7M | $768.4M |
| Equity | $845.7M | $877.8M | $921.9M | $947.0M | $962.3M | $1.02B | $1.05B | $1.06B |
Cash Flow
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $31.2M | $133.2M | $97.1M | $-21.6M | $65.7M | $-99.0M | $-34.8M | $-87.4M |