For fiscal 2026 (ended Jan 31, 2026), Descartes Systems Group Inc. reported $728.99M of revenue and $163.77M of net income.
DSGX revenue was $728.99M for fiscal 2026 (ended Jan 31, 2026), up 12.0% from fiscal 2025. Compound annual growth was +15.9% over 5 years and +14.7% over 10 years. Fiscal 2026 is the highest of the 15 fiscal years on file.
DSGX net income was $163.77M for fiscal 2026 (ended Jan 31, 2026), up 14.3% from fiscal 2025. Compound annual growth was +25.7% over 5 years and +23.1% over 10 years. Fiscal 2026 is the highest of the 15 fiscal years on file.
DSGX diluted EPS was $1.87 for fiscal 2026 (ended Jan 31, 2026), up 14.0% from fiscal 2025.
DSGX free cash flow was $260.52M for fiscal 2026 (ended Jan 31, 2026), up 22.6% from fiscal 2025. Compound annual growth was +15.4% over 5 years and +18.0% over 10 years. Fiscal 2026 is the highest of the 15 fiscal years on file.
| Line item | Jan 31, 2026 | Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $728.99M | $651.00M | $572.93M | $424.69M | $348.66M | $325.79M | $275.17M | $237.44M | $203.78M | $184.99M |
| Cost of revenue | $167.06M | $158.57M | $138.29M | $101.81M | $89.91M | $85.72M | $74.99M | $63.70M | $56.05M | $53.86M |
| Gross profit | $561.93M | $492.43M | $434.64M | $322.88M | $258.75M | $240.07M | $200.18M | $173.74M | $147.73M | $131.13M |
| Research and development | $105.31M | $95.50M | $84.10M | $62.57M | $54.07M | $53.51M | $47.87M | $41.80M | $35.56M | $31.29M |
| Selling, general and admin | $72.46M | $65.25M | $57.37M | $44.45M | $36.27M | $34.63M | $30.01M | $25.45M | $23.08M | $21.61M |
| Operating income | $209.98M | $181.12M | $142.85M | $103.43M | $71.40M | $52.26M | $41.44M | $35.88M | $30.70M | $28.10M |
| Interest expense | $967.0K | $1.00M | $1.36M | $1.12M | $1.19M | $4.42M | $2.13M | $1.30M | $611.0K | $522.0K |
| Pre-tax income | $217.09M | $191.63M | $151.15M | $102.61M | $70.37M | $48.03M | $39.51M | $34.75M | $31.50M | $27.77M |
| Income tax | $53.32M | $48.36M | $35.24M | $16.33M | $18.27M | $11.04M | $8.23M | $7.87M | $7.66M | $7.21M |
| Net income | $163.77M | $143.27M | $115.91M | $86.28M | $52.10M | $37.00M | $31.28M | $26.88M | $23.84M | $20.56M |
| EPS, basic | $1.91 | $1.68 | $1.36 | $1.02 | $0.62 | $0.45 | $0.41 | $0.35 | $0.31 | $0.27 |
| EPS, diluted | $1.87 | $1.64 | $1.34 | $1.00 | $0.61 | $0.45 | $0.40 | $0.35 | $0.31 | $0.27 |
| Diluted shares | 87.6M | 87.3M | 86.8M | 86.2M | 85.8M | 82.9M | 77.8M | 77.1M | 76.5M | 76.4M |
| Line item | Jan 31, 2026 | Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $356.53M | $236.14M | - | $213.44M | $133.66M | $44.40M | $27.30M | $35.15M | $38.13M | $37.21M |
| Short-term investments | - | - | - | - | - | - | - | - | - | $4.64M |
| Receivables | $64.77M | $53.95M | - | $41.70M | $37.21M | $35.12M | $31.49M | $28.79M | $25.40M | $25.61M |
| Inventory | $101.0K | $715.0K | - | $868.0K | $429.0K | $411.0K | $95.0K | $123.0K | $167.0K | $155.0K |
| Current assets | $482.07M | $352.57M | - | $292.06M | $203.06M | $100.21M | $72.24M | $74.85M | $72.56M | $74.96M |
| Goodwill | $1.03B | $924.75M | $760.41M | $608.76M | $565.18M | $523.69M | $378.18M | $350.15M | $263.11M | $217.49M |
| Total assets | $1.90B | $1.65B | - | $1.19B | $1.06B | $942.59M | $653.33M | $624.88M | $500.54M | $452.79M |
| Current liabilities | $223.22M | $217.03M | - | $133.43M | $104.26M | $88.94M | $70.37M | $67.69M | $53.82M | $40.04M |
| Long-term debt | - | - | - | - | - | - | $25.46M | $37.00M | - | - |
| Total debt | - | - | - | - | - | - | $25.46M | $37.00M | - | - |
| Total liabilities | $276.75M | $262.38M | - | $185.61M | $152.19M | $120.88M | $119.83M | $126.07M | $69.94M | $50.75M |
| Shareholders' equity | $1.62B | $1.39B | $1.24B | $999.82M | $911.07M | $821.71M | $533.51M | $498.81M | $430.60M | $402.04M |
| Line item | Jan 31, 2026 | Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $266.25M | $219.27M | $207.68M | $176.14M | $131.23M | $104.25M | $78.07M | $72.14M | $72.58M | $54.24M |
| Capital expenditures | $5.73M | $6.74M | $5.56M | $4.83M | $3.76M | $4.90M | $5.24M | $5.09M | $4.91M | $4.31M |
| Free cash flow | $260.52M | $212.53M | $202.12M | $171.31M | $127.47M | $99.35M | $72.83M | $67.06M | $67.67M | $49.93M |
| Investing cash flow | -$157.35M | -$296.95M | -$148.26M | -$95.11M | -$52.16M | -$296.95M | -$73.18M | -$116.95M | -$70.36M | -$129.83M |
| Financing cash flow | $5.02M | -$3.63M | -$14.74M | $1.52M | $5.56M | $210.17M | -$11.38M | $38.00M | -$211.0K | -$2.43M |
| Share repurchases | $892.0K | - | - | - | - | - | - | - | - | - |
| Stock-based compensation | $20.91M | $19.96M | $16.48M | $11.02M | $6.31M | $4.91M | $3.71M | $2.81M | $2.02M | $1.58M |
| Line item | Jan 31, 2026 | Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 12.0% | 13.6% | - | 21.8% | 7.0% | 18.4% | 15.9% | 16.5% | 10.2% | 8.3% |
| Net income growth, YoY | 14.3% | 23.6% | - | 65.6% | 40.8% | 18.3% | 16.4% | 12.8% | 15.9% | 36.5% |
| EPS growth, YoY | 14.0% | 22.4% | - | 63.9% | 35.6% | 12.5% | 14.3% | 12.9% | 14.8% | - |
| Gross margin | 77.1% | 75.6% | 75.9% | 76.0% | 74.2% | 73.7% | 72.7% | 73.2% | 72.5% | 70.9% |
| Operating margin | 28.8% | 27.8% | 24.9% | 24.4% | 20.5% | 16.0% | 15.1% | 15.1% | 15.1% | 15.2% |
| Net margin | 22.5% | 22.0% | 20.2% | 20.3% | 14.9% | 11.4% | 11.4% | 11.3% | 11.7% | 11.1% |
| Free cash flow margin | 35.7% | 32.6% | 35.3% | 40.3% | 36.6% | 30.5% | 26.5% | 28.2% | 33.2% | 27.0% |
| Return on equity | 10.1% | 10.3% | 9.4% | 8.6% | 5.7% | 4.5% | 5.9% | 5.4% | 5.5% | 5.1% |
| Return on assets | 8.6% | 8.7% | - | 7.3% | 4.9% | 3.9% | 4.8% | 4.3% | 4.8% | 4.5% |
| Current ratio | 2.16 | 1.62 | - | 2.19 | 1.95 | 1.13 | 1.03 | 1.11 | 1.35 | 1.87 |
| Debt to equity | - | - | - | - | - | - | 0.05 | 0.07 | - | - |
Source: XBRL data Descartes Systems Group Inc. files with the SEC, latest filing dated Mar 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| DSGX | $728.99M | +12.0% | $163.77M | 22.5% | $8.10B |
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| ORCL | $71.78B | +21.6% | $18.92B | 26.4% | $362.21B |
| SAP | €36.80B | +7.7% | €7.16B | 19.5% | $291.67B |
| CRWD | $5.40B | +24.3% | $58.46M | 1.1% | $234.05B |
| SHOP | $14.17B | +32.5% | $2.13B | 15.0% | $195.63B |
| CRM | $43.94B | +11.2% | $9.66B | 22.0% | $176.90B |
| NOW | $15.43B | +21.8% | $1.45B | 9.4% | $106.66B |