| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 608.83 | 4.5% | 18.2% |
| Total Income | 608.83 | 4.5% | 18.2% |
| Expenditure | 446.70 | 8.7% | 5.5% |
| PBT | 54.00 | 46.7% | 24.7% |
| Net Profit | 34.86 | 7.5% | 11.3% |
| OPM | 8.02% | 2.34pp | 0.27pp |
| NPM | 5.72% | 0.19pp | 0.35pp |
| EPS | 1.32 | 7.7% | 11.9% |
ePlus Reports Q2 FY26: Net Sales Up 23.4% to $608.8 Million
04 May 2026 · 4 May, 7:43 am
Summary
ePlus inc. reported a strong start to fiscal 2026, with net sales growing 23.4% to $608.8 million and diluted EPS increasing almost 63% in the second quarter. The company achieved a milestone with quarterly gross billings exceeding $1 billion for the first time. For the first half of fiscal year 2026, consolidated net sales increased 21.1% to $1,246.1 million. The company has increased its fiscal year 2026 net sales, gross profit and Adjusted EBITDA guidance.
Key Highlights
- 1
Consolidated net sales increased 23.4% to $608.8 million in the second quarter of fiscal year 2026.
- 2
Gross billings increased 26.5% to $1,022.7 million for the second quarter of fiscal year 2026.
- 3
Consolidated gross profit increased 27.4% to $162.1 million in Q2 FY26.
- 4
Net earnings from continuing operations increased 92.7% to $38.2 million for the second quarter.
- 5
Adjusted EBITDA increased 61.6% to $58.7 million in the second quarter of fiscal year 2026.
- 6
For the first half of fiscal year 2026, consolidated net sales increased 21.1% to $1,246.1 million.
- 7
Net earnings from continuing operations per common share- diluted increased 95.9% to $1.45 in Q2 FY26.
Management Comments
Mark Marron
Fiscal 2026 is off to a very strong start as the strength from the first quarter carried into the second quarter, with net sales growing 23.4% and diluted EPS increasing almost 63%. This quarter marks an important milestone for ePlus, as we posted quarterly gross billings exceeding $1 billion for the first time in our history. Our second-quarter performance reflects steady progress in executing our strategic priorities as we reported double-digit growth in key financial metrics: revenue, gross profit, net earnings from continuing operations, Adjusted EBITDA and EPS. We continue to build momentum across our diversified end markets while maintaining disciplined cost management. We ended the quarter with a cash position of $402 million, enabling both organic growth and M&A activity. We completed the acquisition of certain assets of Realwave in the quarter to further enhance our Artificial Intelligence (AI) capabilities, in line with our strategy to invest in fast growing categories including cybersecurity, networking, AI and cloud. Furthermore, our teams are executing on our long-term plan, focused on services, value-added solutions, stable growth, and financial discipline. Looking ahead, we plan to maintain a disciplined capital allocation approach anchored around investment in the business, our capabilities, and areas where we can competitively differentiate ourselves while maintaining a strong balance sheet. By balancing positive performance today with thoughtful investments for tomorrow, we are building a foundation for lasting growth and long-term value creation
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