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Ross Stores ROST Q1 2026 earnings

Reported May 21, 2026 · After market close

Revenue$6.0BBeat by $369.1M
EPS$2.02Beat by $0.29
Revenue estimate$5.6B
EPS estimate$1.73
We achieved outstanding sales and earnings results in the first quarter with superb execution throughout the business, especially the transition of our Spring assortment. Momentum was solid throughout the quarter, with broad-based strength across the business. Customer traffic was the primary driver of the strong sales trend as compelling merchandise assortments, higher customer acquisition and engagement from our ongoing marketing initiatives, and an improved in‑store experience are resonating with shoppers. We believe our results also benefited from higher consumer spending related to tax refunds.
Jim Conroy

Next report

Nov 19, 2026 (in 3 months)
Revenue estimate$6.2B
EPS estimate$1.81

Financials

Q1 2026

Income statement

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Revenue$6.0B+20.6%
Gross profit$1.8B+26.8%
Operating income$804.0M+32.6%
Net income$650.0M+35.6%
EPS (diluted)$2.02+37.4%

Balance sheet

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Cash & equivalents$4.2B+9.1%
Total debt$4.7B-5.8%
Total equity$6.3B+13.1%
Total assets$15.6B+8.7%

Cash flow

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Operating cash flow$836.0M+104%
CapEx$209.0M+0.8%
Free cash flow$627.1M+210%

Valuation & ratios

Valuation

as of 05/02/26
See full
Market cap$74.65B+60.7%
Enterprise value$75.18B+57.8%
P/E32.2×+9.9×
P/S3.1×+1.0×

Profitability

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Gross margin28.1%+0.3pp
Operating margin12.2%0.0pp
Net margin9.7%-0.1pp
FCF margin11.1%+3.5pp

Returns & leverage

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Return on equity39%-0.6pp
Debt / equity0.7×-0.2×
Current ratio1.5×0.0×

Segments

By segment

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Reportable Segment$6.0B+20.6%

FAQ

When did Ross Stores report Q1 2026 earnings?
Ross Stores (ROST) reported Q1 2026 earnings on May 21, 2026 after market close.
What were Ross Stores's Q1 2026 revenue and EPS?
Ross Stores reported revenue of $6.0B and eps of $2.02 for Q1 2026.
Did Ross Stores beat estimates in Q1 2026?
Revenue beat the consensus estimate of $5.6B by $369.1M. EPS beat the consensus estimate of $1.73 by $0.29.
How did Ross Stores's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.6% from $5.0B a year earlier and eps grew 37.4% from $1.47.
Where can I find Ross Stores's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000745732-26-000025) and the 10-Q periodic report (0000745732-26-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.