---
title: "Barnes & Noble Education reports FY2026: $1.715B revenue, $16.9M net income, $76.5M Adjusted EBITDA"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292239717.md"
description: "Barnes & Noble Education reported FY2026 revenue of $1.715 billion and net income of $16.9 million, reversing a prior-year loss. Adjusted EBITDA rose 28.8% to $76.5 million, while net debt fell 33%. The company initiated an inaugural quarterly dividend of $0.08 per share and reaffirmed FY2027 Adjusted EBITDA guidance of $85-$92 million."
datetime: "2026-07-09T20:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292239717.md)
  - [en](https://longbridge.com/en/news/292239717.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292239717.md)
---

# Barnes & Noble Education reports FY2026: $1.715B revenue, $16.9M net income, $76.5M Adjusted EBITDA

Barnes & Noble Education reported fiscal 2026 full-year revenue of $1.715 billion and returned to net income of $16.9 million, compared with a net loss in the prior year. Adjusted EBITDA for fiscal 2026 was $76.5 million, and total net debt fell roughly 33% year-over-year to $62.6 million. The company reiterated fiscal 2027 Adjusted EBITDA guidance of $85 million to $92 million and announced an inaugural quarterly dividend of $0.08 per share.

**Financial Highlights**

-   Revenue: $1.715 billion for fiscal 2026, up $104.6 million, or 6.5% year-over-year.
-   Gross margin: Gross margin percentage increased to 21.4% from 21.0% in the prior fiscal year; total gross margin dollars increased by $28.4 million, or 8.4% year-over-year.
-   Net income: $16.9 million for fiscal 2026 versus a net loss of $(65.8) million in fiscal 2025 (FY2025 included a $55.2 million non-cash charge for extinguishment of debt).
-   Adjusted EBITDA (non-GAAP): $76.5 million for fiscal 2026, up $17.1 million, or 28.8%, from $59.4 million in the prior fiscal year.
-   Debt and liquidity: Total debt $71.0 million at year-end; cash on hand $8.4 million; total net debt $62.6 million, a decline of approximately 33% year-over-year. Net working capital was $200.9 million, up 7.9% year-over-year.

**Business Highlights**

-   BNC First Day program momentum: First Day revenues rose 28.0% year-over-year to $760.1 million, driven by increased institutional adoption of First Day Complete.
-   Program adoption and enrollment: 232 campus stores used First Day Complete in spring 2026 with total enrollment of approximately 1,249,301 undergraduate and graduate students, up 31% from the prior year.
-   Comparable store performance: Comparable store sales increased by $71.3 million, or 4.4%, year-over-year, contributing to top-line growth despite fiscal 2026 being a 52-week year versus 53 weeks in fiscal 2025.
-   New offerings and partnerships: Company highlighted expansion of offerings including Room Service and cited strong sales from new store partnerships secured through recent business wins.
-   Capital allocation and shareholder returns: Initiated a quarterly dividend of $0.08 per share, payable July 30, 2026 to shareholders of record on July 16, 2026, reflecting management confidence in the business.

Original SEC Filing: Barnes & Noble Education, Inc. \[ BNED \] - 8-K - Jul. 09, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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