For the twelve months ended Sep 30, 2026, ePlus inc. reported $2.51B of revenue and $130.75M of net income.
PLUS revenue was $667.92M in fiscal Q2 2027 (ended Sep 30, 2026), up 9.7% from a year earlier and up 2.9% from the prior quarter. For the full fiscal 2026 it was $2.44B, up 22.1% from fiscal 2025. Compound annual growth was +9.3% over 5 years and +7.3% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.
PLUS net income was $40.38M in fiscal Q2 2027 (ended Sep 30, 2026), up 15.9% from a year earlier and up 33.4% from the prior quarter. For the full fiscal 2026 it was $132.64M, up 26.8% from fiscal 2025. Compound annual growth was +12.3% over 5 years and +11.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.
PLUS diluted EPS was $1.56 in fiscal Q2 2027 (ended Sep 30, 2026), up 18.2% from a year earlier and up 34.5% from the prior quarter. For the full fiscal 2026 it was $5.03, up 28.0% from fiscal 2025. Compound annual growth was +12.7% over 5 years and +12.7% over 10 years.
PLUS free cash flow was -$58.95M in fiscal Q2 2027 (ended Sep 30, 2026), compared with -$35.77M a year earlier. For the full fiscal 2026 it was -$120.66M, compared with $296.87M in fiscal 2025.
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.44B | $2.00B | $2.18B | $2.07B | $1.82B | $1.57B | $1.59B | $1.37B | $1.42B | $1.33B |
| Cost of revenue | $1.83B | $1.49B | $1.67B | $1.55B | $1.36B | $1.17B | $1.20B | $1.04B | $1.10B | $1.03B |
| Gross profit | $616.08M | $512.12M | $511.74M | $517.52M | $460.98M | $393.55M | $391.19M | $330.39M | $323.48M | $299.76M |
| Selling, general and admin | $423.39M | $386.68M | $355.56M | $333.52M | $297.12M | $271.26M | $279.18M | $237.08M | $228.13M | $205.23M |
| Operating income | $166.15M | $99.69M | $133.81M | $166.16M | $147.32M | $106.33M | $95.28M | $79.53M | $84.24M | $85.73M |
| Interest expense | - | - | $3.78M | $4.13M | $1.90M | $2.00M | $2.57M | $1.95M | $1.20M | $1.54M |
| Pre-tax income | $173.44M | $106.12M | $135.24M | $162.97M | $146.88M | $106.91M | $95.96M | $86.23M | $83.89M | $86.11M |
| Income tax | $49.32M | $29.68M | $37.91M | $43.62M | $41.28M | $32.51M | $26.88M | $23.04M | $28.77M | $35.56M |
| Net income | $132.64M | $104.58M | $117.98M | $119.36M | $105.60M | $74.40M | $69.08M | $63.19M | $55.12M | $50.56M |
| EPS, basic | $5.05 | $3.94 | $4.44 | $4.49 | $3.96 | $2.79 | $2.59 | $2.35 | $2.00 | $1.82 |
| EPS, diluted | $5.03 | $3.93 | $4.41 | $4.48 | $3.93 | $2.77 | $2.57 | $2.33 | $1.98 | $1.80 |
| Diluted shares | 26.4M | 26.7M | 26.7M | 26.7M | 26.9M | 26.8M | 26.8M | 27.2M | 27.9M | 28.1M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $410.77M | $389.38M | $253.02M | $103.09M | $155.38M | $129.56M | $86.23M | $79.82M | $118.20M | $109.76M |
| Receivables | $650.02M | $508.27M | $644.62M | $504.12M | $430.38M | $391.57M | $375.00M | $299.90M | $268.29M | - |
| Inventory | $200.89M | $120.44M | $139.69M | $243.29M | $155.06M | $69.96M | $50.27M | $50.49M | $39.85M | $93.56M |
| Current assets | $1.43B | $1.36B | $1.27B | $1.10B | $897.48M | $777.59M | $649.80M | $560.10M | $564.89M | $597.32M |
| Goodwill | $202.88M | $202.86M | $161.50M | $136.10M | $126.54M | $126.64M | $118.10M | $110.81M | $76.62M | $48.40M |
| Total assets | $1.80B | $1.88B | $1.65B | $1.41B | $1.17B | $1.08B | $909.11M | $786.20M | $755.47M | $741.72M |
| Current liabilities | $638.14M | $799.13M | $656.99M | $561.33M | $460.04M | $459.36M | $386.64M | $328.85M | $350.07M | $376.49M |
| Total debt | - | $38.77M | - | - | - | - | - | - | - | - |
| Total liabilities | $731.98M | $908.43M | $751.69M | $632.56M | $505.46M | $514.37M | $422.97M | $361.94M | $382.87M | $395.80M |
| Shareholders' equity | $1.07B | $970.66M | $897.44M | $775.72M | $660.74M | $562.41M | $486.14M | $424.25M | $372.60M | $345.92M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$116.23M | $302.14M | $248.45M | -$15.43M | -$20.57M | $129.51M | -$74.17M | $39.41M | $82.77M | $33.02M |
| Capital expenditures | $4.43M | $5.27M | $7.66M | - | - | - | - | - | - | - |
| Free cash flow | -$120.66M | $296.87M | $240.78M | - | - | - | - | - | - | - |
| Investing cash flow | $159.81M | -$128.87M | -$61.96M | -$18.93M | -$1.26M | -$35.76M | -$20.34M | -$96.20M | -$57.68M | -$26.34M |
| Financing cash flow | -$22.94M | -$37.58M | -$36.62M | -$20.95M | $47.18M | -$49.80M | $100.63M | $18.46M | -$16.77M | $7.81M |
| Dividends paid | $19.66M | $0 | $0 | - | - | - | - | - | $0 | $0 |
| Share repurchases | $30.63M | $46.94M | $9.85M | $7.22M | $13.61M | $6.95M | $14.43M | $18.75M | $35.24M | $30.49M |
| Stock-based compensation | $12.13M | $10.50M | $9.47M | $7.83M | $7.11M | $7.17M | $7.95M | $7.24M | $6.46M | $6.03M |
| Depreciation and amortization | $27.61M | $27.18M | $22.50M | $18.59M | $24.30M | $19.99M | $19.16M | $18.64M | $15.83M | $11.73M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 22.1% | -8.2% | 5.3% | 13.5% | 16.1% | -1.3% | 15.7% | -3.3% | 6.5% | 10.6% |
| Net income growth, YoY | 26.8% | -11.4% | -1.2% | 13.0% | 41.9% | 7.7% | 9.3% | 14.6% | 9.0% | 13.0% |
| EPS growth, YoY | 28.0% | -10.9% | -1.6% | 14.0% | 41.9% | 7.8% | 10.5% | 17.7% | 9.7% | 18.0% |
| Gross margin | 25.2% | 25.6% | 23.5% | 25.0% | 25.3% | 25.1% | 24.6% | 24.1% | 22.8% | 22.5% |
| Operating margin | 6.8% | 5.0% | 6.1% | 8.0% | 8.1% | 6.8% | 6.0% | 5.8% | 5.9% | 6.4% |
| Net margin | 5.4% | 5.2% | 5.4% | 5.8% | 5.8% | 4.7% | 4.3% | 4.6% | 3.9% | 3.8% |
| Free cash flow margin | -4.9% | 14.8% | 11.1% | - | - | - | - | - | - | - |
| Return on equity | 12.4% | 10.8% | 13.1% | 15.4% | 16.0% | 13.2% | 14.2% | 14.9% | 14.8% | 14.6% |
| Return on assets | 7.4% | 5.6% | 7.1% | 8.4% | 9.1% | 6.9% | 7.6% | 8.0% | 7.3% | 6.8% |
| Current ratio | 2.24 | 1.70 | 1.94 | 1.95 | 1.95 | 1.69 | 1.68 | 1.70 | 1.61 | 1.59 |
| Debt to equity | - | 0.04 | - | - | - | - | - | - | - | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $667.92M | $649.11M | $581.63M | $614.77M | $608.83M | $642.77M | $477.92M | $493.22M | $493.37M | $535.65M | $507.41M | $509.06M |
| Cost of revenue | $487.64M | $497.78M | $434.55M | $456.12M | $446.70M | $489.10M | $345.06M | $368.14M | $366.07M | $408.78M | $416.11M | $375.25M |
| Gross profit | $180.28M | $151.33M | $147.09M | $158.65M | $162.12M | $153.68M | $132.87M | $125.08M | $127.30M | $126.87M | $91.29M | $133.81M |
| Selling, general and admin | $118.03M | $106.62M | $103.27M | $108.69M | $106.48M | $103.67M | $100.61M | $100.93M | $94.54M | $90.60M | $83.22M | $89.38M |
| Operating income | $56.53M | $38.83M | $37.64M | $43.47M | $48.84M | $42.94M | $24.76M | $16.47M | $27.00M | $31.46M | $4.56M | $38.05M |
| Interest expense | - | - | - | - | - | - | - | - | - | - | $723.0K | $983.0K |
| Pre-tax income | $56.00M | $41.96M | $37.04M | $45.59M | $54.00M | $43.55M | $25.73M | $19.92M | $27.31M | $33.17M | $5.32M | $38.41M |
| Income tax | $15.62M | $11.68M | $11.61M | $12.19M | $15.84M | $11.54M | $7.84M | $5.35M | $7.51M | $8.98M | $1.79M | $11.13M |
| Net income | $40.38M | $30.28M | $25.03M | $35.05M | $34.85M | $42.58M | $21.79M | $24.13M | $31.31M | $27.34M | $24.19M | $27.28M |
| EPS, basic | $1.56 | $1.17 | $0.77 | $1.34 | $1.32 | $1.62 | $0.82 | $0.91 | $1.18 | $1.03 | $0.92 | $1.02 |
| EPS, diluted | $1.56 | $1.16 | $0.77 | $1.33 | $1.32 | $1.61 | $0.83 | $0.91 | $1.17 | $1.02 | $0.90 | $1.02 |
| Diluted shares | 25.9M | 26.1M | - | 26.3M | 26.4M | 26.4M | - | 26.6M | 26.7M | 26.8M | - | 26.7M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $380.89M | $448.85M | $410.77M | $326.29M | $402.16M | $480.18M | $389.38M | $253.07M | $187.53M | $349.91M | $253.02M | $142.17M |
| Receivables | $746.91M | $745.98M | $650.02M | $697.99M | $676.78M | $700.87M | $508.27M | $594.17M | $588.00M | $577.02M | $644.62M | $597.36M |
| Inventory | $271.35M | $145.96M | $200.89M | $240.98M | $154.14M | $101.05M | $120.44M | $99.02M | $93.86M | $89.13M | $139.69M | $218.05M |
| Current assets | $1.61B | $1.50B | $1.43B | $1.45B | $1.37B | $1.40B | $1.36B | $1.28B | $1.20B | $1.26B | $1.27B | $1.22B |
| Goodwill | $212.09M | $202.88M | $202.88M | $202.93M | $202.93M | $202.98M | $202.86M | $202.79M | $203.23M | $161.51M | $161.50M | $158.28M |
| Total assets | $2.00B | $1.87B | $1.80B | $1.83B | $1.77B | $1.80B | $1.88B | $1.77B | $1.70B | $1.65B | $1.65B | $1.60B |
| Current liabilities | $808.32M | $704.29M | $638.14M | $682.09M | $628.12M | $687.75M | $799.13M | $696.81M | $649.92M | $628.24M | $656.99M | $631.46M |
| Total debt | - | - | - | - | - | - | $38.77M | - | - | - | - | - |
| Total liabilities | $898.97M | $795.02M | $731.98M | $768.39M | $720.75M | $778.70M | $908.43M | $803.44M | $753.06M | $729.04M | $751.69M | $717.84M |
| Shareholders' equity | $1.10B | $1.07B | $1.07B | $1.06B | $1.04B | $1.02B | $970.66M | $962.34M | $947.00M | $921.93M | $897.44M | $877.75M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$57.41M | $76.48M | $104.95M | -$87.44M | -$34.77M | -$98.97M | $160.95M | $65.70M | -$21.63M | $97.13M | $104.96M | $133.16M |
| Capital expenditures | $1.54M | $853.0K | $1.18M | $1.42M | $994.0K | $835.0K | $1.86M | - | - | - | - | - |
| Free cash flow | -$58.95M | $75.62M | $103.78M | -$88.86M | -$35.77M | -$99.80M | $159.09M | - | - | - | - | - |
| Investing cash flow | -$17.43M | -$853.0K | $6.33M | -$1.39M | -$989.0K | $155.86M | -$1.55M | $432.0K | -$125.84M | -$1.91M | -$6.13M | -$2.00M |
| Financing cash flow | $6.61M | -$37.84M | -$26.30M | $12.97M | -$41.52M | $31.92M | -$24.15M | $845.0K | -$15.88M | $1.61M | $12.03M | -$71.27M |
| Dividends paid | $7.00M | $7.07M | $6.53M | $6.54M | $6.59M | $0 | $0 | $0 | - | - | - | - |
| Share repurchases | $13.07M | $25.46M | $6.31M | $16.96M | $4.05M | $3.30M | $13.48M | $9.91M | $11.98M | $11.57M | $37.0K | $1.46M |
| Stock-based compensation | $4.10M | $3.12M | $2.21M | $3.42M | $3.06M | $2.66M | $2.32M | $2.86M | $2.53M | $2.79M | $2.33M | $2.53M |
| Depreciation and amortization | $5.73M | $6.16M | $6.42M | $6.49M | $6.81M | $7.41M | $7.84M | $7.68M | $5.76M | $5.21M | $2.94M | $5.40M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 9.7% | 1.0% | 21.7% | 24.6% | 23.4% | 20.0% | -5.8% | -3.1% | -16.0% | -6.7% | 3.1% | -18.4% |
| Net income growth, YoY | 15.9% | -28.9% | 14.9% | 45.2% | 11.3% | 55.8% | -9.9% | -11.5% | -4.1% | -19.2% | -26.4% | -23.6% |
| EPS growth, YoY | 18.2% | -28.0% | -7.2% | 46.2% | 12.8% | 57.8% | -7.8% | -10.8% | -4.1% | -19.7% | -26.8% | -23.9% |
| Gross margin | 27.0% | 23.3% | 25.3% | 25.8% | 26.6% | 23.9% | 27.8% | 25.4% | 25.8% | 23.7% | 18.0% | 26.3% |
| Operating margin | 8.5% | 6.0% | 6.5% | 7.1% | 8.0% | 6.7% | 5.2% | 3.3% | 5.5% | 5.9% | 0.9% | 7.5% |
| Net margin | 6.0% | 4.7% | 4.3% | 5.7% | 5.7% | 6.6% | 4.6% | 4.9% | 6.3% | 5.1% | 4.8% | 5.4% |
| Free cash flow margin | -8.8% | 11.7% | 17.8% | -14.5% | -5.9% | -15.5% | 33.3% | - | - | - | - | - |
| Current ratio | 1.99 | 2.13 | 2.24 | 2.13 | 2.19 | 2.04 | 1.70 | 1.83 | 1.85 | 2.01 | 1.94 | 1.93 |
| Debt to equity | - | - | - | - | - | - | 0.04 | - | - | - | - | - |
Source: XBRL data ePlus inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported May 25, 2017; 2-for-1, first reported Feb 4, 2022.
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.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| PLUS | $2.51B | +13.1% | $130.75M | 5.2% | $2.40B |
| HPE | $41.87B | +26.6% | $2.79B | 6.7% | $59.43B |
| SNX | $75.67B | +24.1% | $1.33B | 1.8% | $17.45B |
| INGM | $58.59B | +14.8% | $462.23M | 0.8% | $5.85B |
| SCSC | $3.45B | +14.8% | $67.69M | 2.0% | $871.3M |
| CLMB | $770.74M | +24.2% | $23.77M | 3.1% | $740.7M |
| PN | $63.31M | +27.0% | -$2.70M | -4.3% | $35.0M |
| CGTL | $21.15M | -40.6% | -$13.37M | -63.2% | $4.1M |