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American Eagle Outfitters Inc Financials

AEO
Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows American Eagle Outfitters Inc (AEO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AEO FY2026

Sales growth has not been the key earnings driver; gross-margin swings are what most visibly control this retailer’s profit engine.

Between FY2025 and FY2026, revenue kept rising to $5.5B while gross profit dollars slipped to about $2.0B; that means the extra sales were lower quality, with weaker merchandise margin absorbing the volume gain. Because selling costs did not fall with that squeeze, operating margin dropped to 4.1%, yet operating cash flow still ran ahead of net income, pointing to pressure from economics rather than from weak cash conversion.

The balance sheet looks conservative on debt: long-term debt returned to $0 and the current ratio was 1.5x in FY2026, so this is not a leverage-driven business model. But cash of $238.9M sits well below inventory of $702.0M, so day-to-day liquidity depends on selling stock cleanly, not on a large cash reserve.

The company has been self-funding shareholder returns: after capital spending of $260.8M, FY2026 still produced free cash flow of $195.4M. That matters because dividends and buybacks are being paid from internally generated cash rather than new borrowing, although FY2025 showed that heavier repurchases can make the cash cushion look thinner very quickly.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 46 / 100
Financial Profile 46/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of American Eagle Outfitters Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
34

American Eagle Outfitters Inc has an operating margin of 4.1%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is down from 8.0% the prior year.

Growth
38

American Eagle Outfitters Inc's revenue grew a modest 4.1% year-over-year to $5.5B. This slow but positive growth earns a score of 38/100.

Leverage
100

American Eagle Outfitters Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
26

American Eagle Outfitters Inc's current ratio of 1.51 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
37

American Eagle Outfitters Inc has a free cash flow margin of 3.5%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
42

American Eagle Outfitters Inc's ROE of 11.0% shows moderate profitability relative to equity, earning a score of 42/100. This is down from 22.2% the prior year.

Altman Z-Score Safe
3.31

American Eagle Outfitters Inc scores 3.31, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

American Eagle Outfitters Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
2.45x

For every $1 of reported earnings, American Eagle Outfitters Inc generates $2.45 in operating cash flow ($456.2M OCF vs $186.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$5.5B
YoY+4.1%
5Y CAGR+8.1%
10Y CAGR+4.6%

American Eagle Outfitters Inc generated $5.5B in revenue in fiscal year 2026. This represents an increase of 4.1% from the prior year.

EBITDA
$448.4M
YoY-30.8%
10Y CAGR-0.4%

American Eagle Outfitters Inc's EBITDA was $448.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.8% from the prior year.

Net Income
$186.0M
YoY-43.1%
10Y CAGR-1.6%

American Eagle Outfitters Inc reported $186.0M in net income in fiscal year 2026. This represents a decrease of 43.1% from the prior year.

EPS (Diluted)
$1.09
YoY-35.1%
10Y CAGR-0.2%

American Eagle Outfitters Inc earned $1.09 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 35.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$195.4M
YoY-23.2%
5Y CAGR+21.3%
10Y CAGR+0.4%

American Eagle Outfitters Inc generated $195.4M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 23.2% from the prior year.

Cash & Debt
$238.9M
YoY+172.0%
5Y CAGR-19.7%
10Y CAGR-0.0%

American Eagle Outfitters Inc held $238.9M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
$0.50
YoY+0.0%
5Y CAGR+29.5%
10Y CAGR+0.0%

American Eagle Outfitters Inc paid $0.50 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.

Shares Outstanding
167M
YoY-3.4%
5Y CAGR-0.0%
10Y CAGR-0.8%

American Eagle Outfitters Inc had 167M shares outstanding in fiscal year 2026. This represents a decrease of 3.4% from the prior year.

Margins & Returns

Gross Margin
36.5%
YoY-2.7pp
5Y CAGR+6.0pp
10Y CAGR-0.5pp

American Eagle Outfitters Inc's gross margin was 36.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.

Operating Margin
4.1%
YoY-3.9pp
5Y CAGR+11.3pp
10Y CAGR-5.0pp

American Eagle Outfitters Inc's operating margin was 4.1% in fiscal year 2026, reflecting core business profitability. This is down 3.9 percentage points from the prior year.

Net Margin
3.4%
YoY-2.8pp
5Y CAGR+8.9pp
10Y CAGR-2.8pp

American Eagle Outfitters Inc's net profit margin was 3.4% in fiscal year 2026, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity
11.0%
YoY-11.2pp
5Y CAGR+28.8pp
10Y CAGR-9.3pp

American Eagle Outfitters Inc's ROE was 11.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 11.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$56.9M
YoY-70.2%
5Y CAGR+23.3%
10Y CAGR-12.9%

American Eagle Outfitters Inc spent $56.9M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 70.2% from the prior year.

Capital Expenditures
$260.8M
YoY+17.2%
5Y CAGR+15.3%
10Y CAGR+5.5%

American Eagle Outfitters Inc invested $260.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 17.2% from the prior year.

AEO Income Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue $1.4B+6.2% $1.3B+17.8% $1.1B-34.3% $1.7B+28.7% $1.3B-0.2% $1.3B+12.9% $1.1B-29.2% $1.6B
Cost of Revenue $810.8M+3.5% $783.7M+2.2% $767.2M-16.4% $917.9M+20.4% $762.5M-3.7% $792.2M+16.6% $679.6M-35.4% $1.1B
Gross Profit $551.9M+10.4% $500.0M+55.1% $322.4M-56.5% $741.0M+40.7% $526.6M+5.6% $498.9M+7.5% $464.2M-17.6% $563.5M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $386.3M+12.9% $342.2M+1.0% $338.8M-14.5% $396.3M+12.8% $351.4M+1.8% $345.3M+3.5% $333.5M-17.8% $405.9M
Operating Income $112.6M+9.2% $103.1M+221.0% -$85.2M-127.9% $305.3M+187.8% $106.1M+4.9% $101.1M+29.9% $77.8M+270.1% -$45.8M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $33.2M+40.2% $23.7M+220.3% -$19.7M-125.3% $78.1M+176.7% $28.2M+7.3% $26.3M+76.2% $14.9M+917.7% $1.5M
Net Income $91.3M+17.7% $77.6M+219.6% -$64.9M-127.7% $234.6M+193.2% $80.0M+3.6% $77.3M+14.0% $67.8M+253.9% -$44.0M
EPS (Diluted) $0.53+17.8% $0.45+225.0% $-0.36 N/A $0.41+5.1% $0.39+14.7% $0.34 N/A

AEO Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $4.2B+3.2% $4.1B+7.8% $3.8B-1.7% $3.8B+2.5% $3.7B+5.5% $3.5B-0.5% $3.6B0.0% $3.6B
Current Assets $1.4B+9.9% $1.3B+16.8% $1.1B-19.7% $1.4B+1.4% $1.3B+7.0% $1.2B-4.8% $1.3B-8.5% $1.4B
Cash & Equivalents $112.8M-11.0% $126.8M+44.3% $87.9M-71.6% $309.0M+92.9% $160.2M-16.5% $191.8M-36.2% $300.5M-15.1% $354.1M
Inventory $891.2M+24.1% $718.3M+11.4% $645.1M+1.3% $636.7M-20.8% $804.3M+21.2% $663.7M-2.6% $681.1M+6.3% $640.7M
Accounts Receivable $245.3M+3.4% $237.4M+3.8% $228.6M-12.9% $262.4M+22.5% $214.1M-7.6% $231.8M+0.4% $230.9M-6.9% $247.9M
Goodwill $225.2M0.0% $225.2M0.0% $225.2M+0.1% $225.1M-0.1% $225.2M0.0% $225.2M0.0% $225.3M0.0% $225.3M
Total Liabilities $2.6B+1.9% $2.5B+9.7% $2.3B+10.9% $2.1B+3.9% $2.0B+7.8% $1.8B+2.3% $1.8B-0.9% $1.8B
Current Liabilities $854.8M+9.1% $783.4M-0.5% $787.7M-10.8% $882.7M+3.7% $851.0M+7.1% $794.4M+2.7% $773.3M-13.2% $891.2M
Long-Term Debt $210.0M+3.4% $203.0M+84.5% $110.0M $0 $0 $0 $0 $0
Total Equity $1.6B+5.2% $1.5B+4.8% $1.5B-16.4% $1.8B+1.0% $1.7B+3.1% $1.7B-3.3% $1.8B+0.9% $1.7B
Retained Earnings $2.5B+2.9% $2.4B+2.4% $2.4B-3.9% $2.5B+3.4% $2.4B+2.4% $2.3B+2.3% $2.3B+2.4% $2.2B

AEO Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $67.1M+141.4% $27.8M+150.9% -$54.7M-114.2% $383.8M+625.4% $52.9M-32.4% $78.3M+305.3% -$38.1M-112.9% $296.4M
Capital Expenditures $69.7M-1.8% $71.0M+15.2% $61.6M-5.0% $64.9M+6.8% $60.7M0.0% $60.7M+67.7% $36.2M-8.4% $39.5M
Free Cash Flow -$2.5M+94.2% -$43.1M+62.9% -$116.3M-136.5% $318.9M+4178.8% -$7.8M-144.6% $17.5M+123.6% -$74.3M-128.9% $256.8M
Investing Cash Flow -$69.8M-12.1% -$62.3M-426.3% -$11.8M+92.2% -$151.5M-149.4% -$60.7M+5.9% -$64.5M-209.0% $59.2M+141.4% -$143.2M
Financing Cash Flow -$11.9M-116.7% $71.4M+146.3% -$154.1M-83.7% -$83.9M-256.9% -$23.5M+80.5% -$120.3M-62.1% -$74.2M-83.3% -$40.5M
Dividends Paid $21.2M+0.1% $21.2M-2.3% $21.7M-9.1% $23.8M-0.8% $24.0M-0.1% $24.0M-2.3% $24.6M-0.4% $24.7M
Share Buybacks $0 $0-100.0% $31.3M-47.8% $60.0M $0-100.0% $96.0M+174.7% $34.9M N/A

AEO Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin 40.5%+1.6pp 39.0%+9.4pp 29.6%-15.1pp 44.7%+3.8pp 40.8%+2.2pp 38.6%-1.9pp 40.6%+5.7pp 34.9%
Operating Margin 8.3%+0.2pp 8.0%+15.8pp -7.8%-26.2pp 18.4%+10.2pp 8.2%+0.4pp 7.8%+1.0pp 6.8%+9.6pp -2.8%
Net Margin 6.7%+0.7pp 6.0%+12.0pp -6.0%-20.1pp 14.1%+7.9pp 6.2%+0.2pp 6.0%+0.1pp 5.9%+8.6pp -2.7%
Return on Equity 5.6%+0.6pp 5.0%+9.4pp -4.4%-17.7pp 13.3%+8.7pp 4.6%+0.0pp 4.6%+0.7pp 3.9%+6.4pp -2.5%
Return on Assets 2.2%+0.3pp 1.9%+3.6pp -1.7%-7.8pp 6.1%+4.0pp 2.1%-0.0pp 2.2%+0.3pp 1.9%+3.1pp -1.2%
Current Ratio 1.63+0.0 1.62+0.2 1.38-0.2 1.53-0.0 1.570.0 1.57-0.1 1.70+0.1 1.61
Debt-to-Equity 0.130.0 0.13+0.1 0.07+0.1 0.000.0 0.000.0 0.000.0 0.000.0 0.00
FCF Margin -0.2%+3.2pp -3.4%+7.3pp -10.7%-29.9pp 19.2%+19.8pp -0.6%-2.0pp 1.4%+7.9pp -6.5%-22.4pp 15.9%

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Frequently Asked Questions

American Eagle Outfitters Inc (AEO) reported $5.5B in total revenue for fiscal year 2026. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

American Eagle Outfitters Inc (AEO) revenue grew by 4.1% year-over-year, from $5.3B to $5.5B in fiscal year 2026.

Yes, American Eagle Outfitters Inc (AEO) reported a net income of $186.0M in fiscal year 2026, with a net profit margin of 3.4%.

American Eagle Outfitters Inc (AEO) reported diluted earnings per share of $1.09 for fiscal year 2026. This represents a -35.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

American Eagle Outfitters Inc (AEO) had EBITDA of $448.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, American Eagle Outfitters Inc (AEO) had $238.9M in cash and equivalents against $0 in long-term debt.

American Eagle Outfitters Inc (AEO) had a gross margin of 36.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

American Eagle Outfitters Inc (AEO) had an operating margin of 4.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

American Eagle Outfitters Inc (AEO) had a net profit margin of 3.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, American Eagle Outfitters Inc (AEO) paid $0.50 per share in dividends during fiscal year 2026.

American Eagle Outfitters Inc (AEO) has a return on equity of 11.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

American Eagle Outfitters Inc (AEO) generated $195.4M in free cash flow during fiscal year 2026. This represents a -23.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

American Eagle Outfitters Inc (AEO) generated $456.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

American Eagle Outfitters Inc (AEO) had $4.0B in total assets as of fiscal year 2026, including both current and long-term assets.

American Eagle Outfitters Inc (AEO) invested $260.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, American Eagle Outfitters Inc (AEO) spent $56.9M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

American Eagle Outfitters Inc (AEO) had 167M shares outstanding as of fiscal year 2026.

American Eagle Outfitters Inc (AEO) had a current ratio of 1.51 as of fiscal year 2026, which is generally considered healthy.

American Eagle Outfitters Inc (AEO) had a debt-to-equity ratio of 0.00 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

American Eagle Outfitters Inc (AEO) had a return on assets of 4.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

American Eagle Outfitters Inc (AEO) has an Altman Z-Score of 3.31, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

American Eagle Outfitters Inc (AEO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

American Eagle Outfitters Inc (AEO) has an earnings quality ratio of 2.45x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

American Eagle Outfitters Inc (AEO) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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