GameStop (XSWX:GME) Operating Income: CHF316 Mil (TTM As of Apr. 2026)


XSWX:GME GameStop Corp XSWX:GME
56 GF Score
Price CHF17.26
GF Value CHF10.19
! 6 Warning Signs
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What is GameStop Operating Income?

GameStop XSWX:GME +0.52% 56 Operating Income is CHF316 Mil as of Apr. 2026. GuruFocus rates XSWX:GME with a GF Score™ of 56/100 and a GF Value™ of CHF10.19. The stock has 6 warning signs investors should review.

GameStop's Operating Income for the three months ended in Apr. 2026 was CHF109 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was CHF316 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. GameStop's Operating Income for the three months ended in Apr. 2026 was CHF109 Mil. GameStop's Revenue for the three months ended in Apr. 2026 was CHF658 Mil. Therefore, GameStop's Operating Margin % for the quarter that ended in Apr. 2026 was 16.60%.

GameStop's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GameStop's annualized ROC % for the quarter that ended in Apr. 2026 was 27.13%. GameStop's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 66.72%.


GameStop  (XSWX:GME) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

GameStop's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=436.96 * ( 1 - 23.06% )/( (926.755 + 1551.808)/ 2 )
=336.197024/1239.2815
=27.13 %

where

Invested Capital(Q: Jan. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8200.603 - 158.354 - ( 7115.494 - max(0, 516.662 - 7903.157+7115.494))
=926.755

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8643.359 - 500.835 - ( 6590.716 - max(0, 677.572 - 8402.511+6590.716))
=1551.808

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

GameStop's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=436.96/( ( (182.825 + max(49.259, 0)) + (170.594 + max(907.237, 0)) )/ 2 )
=436.96/( ( 232.084 + 1077.831 )/ 2 )
=436.96/654.9575
=66.72 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.523 + 318.365 + 142.96) - (158.354 + 72.151 + 217.084)
=49.259

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.311 + 333.391 + 1140.996) - (500.835 + 0 + 112.626)
=907.237

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

GameStop's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=109.24/657.882
=16.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


GameStop Operating Income Related Terms


GameStop Operating Income Historical Data

* Premium members only.

The historical data trend for GameStop's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GameStop Operating Income Chart

GameStop Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -332.53 -285.45 -25.52 -15.01 225.69

GameStop Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.59 51.37 41.47 114.38 109.24
XSWX:GME
56GF Score
GameStop Corp XSWX:GME
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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GameStop Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF316 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of CHF316 Mil mean?
GameStop (XSWX:GME) has a Operating Income of CHF316 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on GameStop and its competitors.
Is GameStop's Operating Income too high?
GameStop's current Operating Income is CHF316 Mil. Overall, GameStop has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does GameStop's Operating Income compare to MUSA and FIVE?
GameStop's Operating Income of CHF316 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on GameStop and its competitors. GameStop's current Operating Income is CHF316 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GameStop stock overvalued right now?
GameStop (XSWX:GME) has a current Operating Income of CHF316 Mil. The stock's GF Value™ is CHF10.19, compared to a current price of CHF17.26 — trading 69.4% above its estimated fair value. The current Operating Income is CHF316 Mil. GameStop's overall GF Score™ is 56/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For GameStop (XSWX:GME), the current Operating Income is CHF316 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is GameStop (XSWX:GME) Overvalued in 2026?

Based on GuruFocus' analysis, GameStop stock appears to be overvalued. The current stock price of CHF17.26 is trading 69.4% above its estimated GF Value™ of CHF10.19.

Key valuation signals for XSWX:GME:

  • Operating Income: CHF316 Mil
  • GF Value™: CHF10.19 vs. price of CHF17.26 (69.4% above fair value)
  • GF Score™: 56/100 with 6 warning signs

No single metric tells the full story. See the XSWX:GME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GameStop Business Description

Address 625 Westport Parkway, Grapevine, TX, USA, 76051
GameStop Corp offers games, collectibles, and entertainment products through its stores and ecommerce platforms. Its products include Hardware and accessories offering new and pre-owned gaming platforms from the console manufacturers, Software offering new and pre-owned gaming software for current and certain prior generation consoles and sell a wide range of in-game digital currency, digital downloadable content and full-game downloads, and Collectibles consist of apparel, toys, trading cards, gadgets and other retail products for pop culture and technology enthusiasts and collectibles related services, such as submission services for the authentication and grading of trading cards. The company operates its business in three geographic segments: the United States, Australia, and Europe.
56GF Score

Get the complete analysis for XSWX:GME

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF17.26
Price
CHF10.19
GF Value