Ross Stores, Inc. (ROST) Q2 FY2026 Financial Statements: Revenue $6.26B, Net income $851.30M
More for Ross Stores: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ2 FY2026
Published
Ross Stores reported sales of $6.26 billion for Q2 FY2026, the quarter ended August 1, 2026, up 13.3% from a year earlier, as comparable store sales rose 10.0%. Net income was $851.30 million, up 67.6%, and diluted EPS was $2.66 against $1.56. Those earnings include a one-time pre-tax benefit of about $253 million in cost of goods sold from refunds of tariffs that the U.S. Supreme Court ruled were not authorized under the International Emergency Economic Powers Act.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $6,264,886,000 | up 13.3% |
| Net income | $851,299,000 | up 67.6% |
| Diluted EPS | $2.66 | up 70.5% |
| Comparable store sales growth | 10.0% | up 8.0 points |
| IEEPA tariff refund benefit | $253,000,000 |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | ROST |
|---|---|
| CIK | 0000745732 |
| Company | Ross Stores, Inc. |
| Business type | retailer |
| Schema template | standard retail: sales, cost of goods sold, gross profit, SG&A, operating income, net interest income, pre-tax earnings, net earnings and per-share amounts; balance sheet cash, inventory, debt, lease liabilities and equity; operating cash flow, capital expenditures and free cash flow; comparable store sales growth and store count. Ross is an off-price apparel and home fashion retailer (Ross Dress for Less and dd's DISCOUNTS) with one reportable segment, so no segment breakdown is carried. |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not thousands); share counts in actual shares; per-share amounts in dollars per share; percentages in percent. Cash flow lines keep the sign the filing prints (outflows negative). |
ROST annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Period start | 2025-02-02 | 2024-02-04 | 2023-01-29 |
| Period end | 2026-01-31 | 2025-02-01 | 2024-02-03 |
| Period type | fiscal year | fiscal year | fiscal year |
| Weeks in period | 52 | 52 | 53 |
| Source accession | 10-K | 10-K | 10-K |
| Income statement | |||
| Net sales | 22,750,559,000 | 21,129,219,000 | 20,376,941,000 |
| Cost of goods sold | 16,447,256,000 | 15,260,506,000 | 14,801,601,000 |
| Selling general and administrative | 3,595,946,000 | 3,283,127,000 | 3,267,677,000 |
| Operating income | 2,707,357,000 | 2,585,586,000 | 2,307,663,000 |
| Earnings before taxes | 2,842,157,000 | 2,757,154,000 | 2,471,781,000 |
| Provision for taxes on earnings | 697,113,000 | 666,424,000 | 597,261,000 |
| Net earnings | 2,145,044,000 | 2,090,730,000 | 1,874,520,000 |
| Basic EPS | 6.66 | 6.36 | 5.59 |
| Diluted EPS | 6.61 | 6.32 | 5.56 |
| Weighted average basic shares | 322,220,000 | 328,593,000 | 335,187,000 |
| Weighted average diluted shares | 324,416,000 | 330,984,000 | 337,433,000 |
| Interest income net | 134,800,000 | 171,568,000 | 164,118,000 |
| Dividends declared per share | 1.62 | 1.47 | 1.34 |
| Gross profit | 6,303,303,000 | 5,868,713,000 | 5,575,340,000 |
| Balance sheet | |||
| Cash and cash equivalents | 4,594,392,000 | 4,730,744,000 | |
| Accounts receivable | 181,301,000 | 144,482,000 | |
| Merchandise inventory | 2,630,970,000 | 2,444,513,000 | |
| Total current assets | 7,640,097,000 | 7,538,696,000 | |
| Property and equipment net | 4,088,760,000 | 3,792,403,000 | |
| Operating lease assets | 3,519,610,000 | 3,294,858,000 | |
| Total assets | 15,548,737,000 | 14,905,332,000 | |
| Accounts payable | 2,386,418,000 | 2,126,317,000 | |
| Current operating lease liabilities | 727,855,000 | 703,337,000 | |
| Current portion of long term debt | 499,743,000 | 699,731,000 | |
| Total current liabilities | 4,827,180,000 | 4,661,825,000 | |
| Long term debt | 1,017,863,000 | 1,515,080,000 | |
| Non current operating lease liabilities | 2,966,877,000 | 2,764,281,000 | |
| Total stockholders equity | 6,187,443,000 | 5,509,195,000 | |
| Total liabilities and stockholders equity | 15,548,737,000 | 14,905,332,000 | |
| Shares outstanding | 322,333,000 | 328,813,000 | |
| Total debt | 1,517,606,000 | 2,214,811,000 | |
| Total liabilities | 9,361,294,000 | 9,396,137,000 | |
| Cash flow | |||
| Depreciation and amortization | 509,391,000 | 446,788,000 | 419,432,000 |
| Stock based compensation | 175,354,000 | 156,298,000 | 145,490,000 |
| Operating cash flow | 3,026,883,000 | 2,356,988,000 | 2,514,490,000 |
| Capital expenditures | -819,275,000 | -720,104,000 | -762,812,000 |
| Net cash used in investing activities | -819,275,000 | -637,462,000 | -762,812,000 |
| Repurchase of common stock | -1,050,021,000 | -1,049,979,000 | -949,996,000 |
| Dividends paid | -528,085,000 | -488,721,000 | -454,814,000 |
| Payment of long term debt | -700,000,000 | -250,000,000 | 0 |
| Net cash used in financing activities | -2,342,097,000 | -1,858,505,000 | -1,428,478,000 |
| Free cash flow | 2,207,608,000 | 1,636,884,000 | 1,751,678,000 |
| Operating metrics | |||
| Comparable store sales growth % | 5% | 3% | 5% |
| Total stores end of period | 2,267 | 2,186 | 2,109 |
ROST quarterly income statement, balance sheet and cash flow
| Q2 FY2026 | Q2 FY2025 | |
|---|---|---|
| Fiscal quarter | 2 | 2 |
| Period start | 2026-05-03 | 2025-05-04 |
| Period end | 2026-08-01 | 2025-08-02 |
| Period type | three months | three months |
| Weeks in period | 13 | 13 |
| Source accession | 10-Q | 10-Q |
| Income statement | ||
| Net sales | 6,264,886,000 | 5,529,152,000 |
| Cost of goods sold | 4,145,215,000 | 4,002,167,000 |
| Selling general and administrative | 1,016,053,000 | 888,711,000 |
| Operating income | 1,103,618,000 | 638,274,000 |
| Earnings before taxes | 1,134,762,000 | 670,620,000 |
| Provision for taxes on earnings | 283,463,000 | 162,625,000 |
| Net earnings | 851,299,000 | 507,995,000 |
| Basic EPS | 2.68 | 1.57 |
| Diluted EPS | 2.66 | 1.56 |
| Weighted average basic shares | 317,687,000 | 323,000,000 |
| Weighted average diluted shares | 319,450,000 | 324,796,000 |
| Interest income net | 31,144,000 | 32,346,000 |
| Dividends declared per share | 0.445 | 0.405 |
| Gross profit | 2,119,671,000 | 1,526,985,000 |
| Balance sheet | ||
| Cash and cash equivalents | 4,288,124,000 | 3,847,016,000 |
| Accounts receivable | 248,140,000 | 210,520,000 |
| Merchandise inventory | 3,087,370,000 | 2,608,485,000 |
| Total current assets | 7,876,360,000 | 6,925,836,000 |
| Property and equipment net | 4,257,806,000 | 3,906,340,000 |
| Operating lease assets | 3,545,351,000 | 3,374,582,000 |
| Total assets | 15,982,280,000 | 14,495,519,000 |
| Accounts payable | 2,621,740,000 | 2,205,613,000 |
| Current operating lease liabilities | 752,302,000 | 716,162,000 |
| Current portion of long term debt | 241,459,000 | 499,122,000 |
| Total current liabilities | 4,885,538,000 | 4,392,008,000 |
| Long term debt | 777,053,000 | 1,017,218,000 |
| Non current operating lease liabilities | 2,968,337,000 | 2,835,481,000 |
| Total stockholders equity | 6,743,184,000 | 5,732,569,000 |
| Total liabilities and stockholders equity | 15,982,280,000 | 14,495,519,000 |
| Shares outstanding | 319,668,000 | 325,531,000 |
| Total debt | 1,018,512,000 | 1,516,340,000 |
| Total liabilities | 9,239,096,000 | 8,762,950,000 |
| Operating metrics | ||
| Comparable store sales growth % | 10% | 2% |
| Total stores end of period | 2,328 | 2,233 |
| Notable items | ||
| Ieepa tariff refund benefit in cost of goods sold | 253,000,000 | |
ROST year-to-date income statement and cash flow
| First six months FY2026 | First six months FY2025 | |
|---|---|---|
| Period start | 2026-02-01 | 2025-02-02 |
| Period end | 2026-08-01 | 2025-08-02 |
| Period type | six months | six months |
| Weeks in period | 26 | 26 |
| Source accession | 10-Q | 10-Q |
| Income statement | ||
| Net sales | 12,275,362,000 | 10,514,123,000 |
| Cost of goods sold | 8,375,804,000 | 7,583,533,000 |
| Selling general and administrative | 1,991,914,000 | 1,685,846,000 |
| Operating income | 1,907,644,000 | 1,244,744,000 |
| Earnings before taxes | 1,972,237,000 | 1,311,499,000 |
| Provision for taxes on earnings | 470,974,000 | 324,255,000 |
| Net earnings | 1,501,263,000 | 987,244,000 |
| Basic EPS | 4.72 | 3.05 |
| Diluted EPS | 4.69 | 3.03 |
| Weighted average basic shares | 318,322,000 | 323,938,000 |
| Weighted average diluted shares | 320,343,000 | 325,909,000 |
| Interest income net | 64,593,000 | 66,755,000 |
| Dividends declared per share | 0.89 | 0.81 |
| Gross profit | 3,899,558,000 | 2,930,590,000 |
| Cash flow | ||
| Depreciation and amortization | 272,790,000 | 242,337,000 |
| Stock based compensation | 106,377,000 | 83,239,000 |
| Operating cash flow | 1,711,767,000 | 1,078,077,000 |
| Capital expenditures | -460,217,000 | -409,105,000 |
| Net cash used in investing activities | -460,217,000 | -409,105,000 |
| Repurchase of common stock | -637,500,000 | -525,021,000 |
| Dividends paid | -286,191,000 | -265,637,000 |
| Payment of long term debt | -500,000,000 | -700,000,000 |
| Net cash used in financing activities | -1,556,599,000 | -1,552,141,000 |
| Free cash flow | 1,251,550,000 | 668,972,000 |
| Operating metrics | ||
| Comparable store sales growth % | 13% | 1% |
| Total stores end of period | 2,328 | 2,233 |
| Notable items | ||
| Ieepa tariff refund benefit in cost of goods sold | 253,000,000 | |
ROST trailing twelve month income statement and cash flow
| Twelve months ended August 1, 2026 | |
|---|---|
| Period start | 2025-08-03 |
| Period end | 2026-08-01 |
| Period type | trailing twelve months |
| Weeks in period | 52 |
| Derived | yes |
| Source accession | 10-K, 10-Q |
| Income statement | |
| Net sales | 24,511,798,000 |
| Cost of goods sold | 17,239,527,000 |
| Gross profit | 7,272,271,000 |
| Selling general and administrative | 3,902,014,000 |
| Operating income | 3,370,257,000 |
| Interest income net | 132,638,000 |
| Earnings before taxes | 3,502,895,000 |
| Provision for taxes on earnings | 843,832,000 |
| Net earnings | 2,659,063,000 |
| Cash flow | |
| Depreciation and amortization | 539,844,000 |
| Stock based compensation | 198,492,000 |
| Operating cash flow | 3,660,573,000 |
| Capital expenditures | -870,387,000 |
| Free cash flow | 2,790,186,000 |
| Repurchase of common stock | -1,162,500,000 |
| Dividends paid | -548,639,000 |
- Derivation. FY2025 (52 weeks ended January 31, 2026) plus the six months ended August 1, 2026, less the six months ended August 2, 2025.
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | n/a |
| FX | None. Ross Stores reports in U.S. dollars. |
Notes
- Coverage: this record holds exactly the periods printed in two filings. The fiscal 2025 Form 10-K (accession 0000745732-26-000006, filed March 31, 2026, for the fiscal year ended January 31, 2026) presents statements of earnings and cash flows for fiscal 2025, 2024 and 2023 and balance sheets at January 31, 2026 and February 1, 2025. The Form 10-Q for the second quarter of fiscal 2026 (accession 0000745732-26-000041, filed September 1, 2026) presents the three and six months ended August 1, 2026 and August 2, 2025, and balance sheets at August 1, 2026, January 31, 2026 and August 2, 2025. The 10-Q's January 31, 2026 balance sheet column matches the 10-K and is carried under FY2025.
- Fiscal calendar: Ross's fiscal year ends on the Saturday nearest January 31, and the company names each fiscal year after the calendar year in which it begins. Fiscal 2025 ran from February 2, 2025 to January 31, 2026 and fiscal 2024 from February 4, 2024 to February 1, 2025, both 52 weeks. Fiscal 2023 ended February 3, 2024 and was a 53-week year, so it includes one more week of sales and cash flow than the years either side of it. The second quarter of fiscal 2026 is the 13 weeks ended August 1, 2026; fiscal 2026 is a 52-week year ending January 30, 2027.
- Units: every statement in both filings is stated in thousands of dollars, with share counts in thousands and per-share amounts in dollars. All figures here are restated in actual dollars and actual shares.
- The top line of Ross's statements of earnings is captioned simply "Sales"; it is recorded here as net_sales.
- Gross profit is not a subtotal Ross prints. The gross_profit figure here is sales less cost of goods sold, and in every period it equals operating income plus selling, general and administrative expenses.
- Interest income, net appears within costs and expenses on the statements of earnings as a negative amount, that is, a credit that adds to earnings. It is recorded here as a positive figure: operating income plus interest income, net equals earnings before taxes in every period.
- Second quarter of fiscal 2026: the 10-Q (Note A) states that after the U.S. Supreme Court's February 2026 decision that tariffs imposed beginning in 2025 under the International Emergency Economic Powers Act (IEEPA) were not authorized, Ross filed refund claims and recognized a benefit of approximately $253 million in cost of goods sold in the three months ended August 1, 2026, with substantially all of it received by that date. MD&A attributes about 405 basis points of the quarter's 625 basis-point decline in the cost of goods sold rate to this recovery, and approximately $0.60 of diluted earnings per share in both the second quarter and the first six months. The same section states that the year-ago second quarter and first six months included an approximately $0.11 per share negative impact from tariff-related costs. The notable_items figure is the approximate amount the filing states, not a statement line.
- Quarterly cash flow: the 10-Q presents its statement of cash flows for the six months only, so no three-month operating cash flow, capital expenditure or free cash flow is reported for either second quarter. Six-month cash flows are in the year-to-date block.
- Total debt is not a line the balance sheet prints. It is stated here as the current portion of long-term debt plus long-term debt (Ross's unsecured senior notes). Operating lease liabilities are excluded and shown separately as current and non-current operating lease liabilities. Ross repaid $700 million of senior notes at maturity in April 2025 and $500 million in April 2026.
- Total liabilities is not a line the balance sheet prints either; it is stated here as total liabilities and stockholders' equity less total stockholders' equity.
- Free cash flow is net cash provided by operating activities less additions to property and equipment. Cash flow lines keep the sign the filing prints, so capital expenditures, share repurchases, dividends paid and debt repayments appear as negative amounts.
- Shares outstanding are the closing common share balances in the statements of stockholders' equity (also stated in the balance sheet's common stock caption). Weighted-average basic and diluted shares come from the statements of earnings.
- Dividends declared per share for each fiscal year are the amounts stated in the 10-K's statements of stockholders' equity ($1.62, $1.47 and $1.34). Ross declared $0.4450 per share in each of the first two quarters of fiscal 2026 and $0.4050 in each of the first two quarters of fiscal 2025, so the six-month figures of $0.89 and $0.81 are the sum of the two quarterly declarations shown in the 10-Q.
- The trailing-twelve-month view is derived, not filed: fiscal 2025 plus the six months ended August 1, 2026 less the six months ended August 2, 2025, covering the 52 weeks from August 3, 2025 to August 1, 2026. No trailing per-share figure or share count is stated, because neither filing prints a weighted-average share count for that span.
- Comparable store sales growth and end-of-period store counts are taken from the Results of Operations and Store Openings tables in each filing's management's discussion and analysis. Ross defines comparable stores as stores open for 14 complete months.
- Fiscal 2023 carries no balance sheet, because the fiscal 2025 10-K presents balance sheets only at January 31, 2026 and February 1, 2025.
- Ross has one reportable segment, so no segment breakdown is carried. Its sales mix by merchandise category is disclosed only as percentages of sales.
Uncertainties
- The IEEPA tariff refund benefit is stated in the 10-Q only as approximately $253 million; the exact amount is not disclosed, and the six-month statement of cash flows does not show the refund as a separate line.
- No three-month cash flow figures exist for either second quarter in the filings behind this record, so quarterly free cash flow cannot be stated.
Company details
| Name | Ross Stores, Inc. |
|---|---|
| Ticker | ROST |
| CIK | 0000745732 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | Delaware |
| SIC | 5651 |
| Office | Trade & Services |
| Industry | Retail-Family Clothing Stores |
Fiscal period
| Fiscal year | 2026 |
|---|---|
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-08-01 |
| Form | 10-Q |
| Accession | 0000745732-26-000041 |
| Fiscal year end | 0201 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2026-01-31 | 2026-03-31 | 0000745732-26-000006 | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-08-01 | 2026-09-01 | 0000745732-26-000041 | facts |
FAQ · Ross Stores financial statements
How much revenue did Ross Stores report in Q2 FY2026?
Ross Stores reported sales of $6.26 billion for Q2 FY2026, the quarter ended August 1, 2026. That is up 13.3% from $5.53 billion in the same quarter a year earlier.
What were Ross Stores earnings per share in Q2 FY2026?
Ross Stores earned $2.66 per diluted share in Q2 FY2026, the quarter ended August 1, 2026, against $1.56 a year earlier, on net income of $851.30 million, up 67.6% from $508.00 million. The quarter included a one-time pre-tax benefit of about $253 million from refunds of IEEPA tariffs, recognized in cost of goods sold.
How much did Ross Stores comparable store sales grow in Q2 FY2026?
Ross Stores comparable store sales rose 10.0% in Q2 FY2026, the quarter ended August 1, 2026, against a 2.0% gain in the same quarter a year earlier.
How much did tariff refunds add to Ross Stores results in Q2 FY2026?
Ross Stores recognized a one-time benefit of about $253 million in cost of goods sold in Q2 FY2026, the quarter ended August 1, 2026, from refunds of tariffs it had paid under the International Emergency Economic Powers Act. Substantially all of the refund had been received by the end of the quarter.
Where can I get Ross Stores, Inc. (ROST) financial data in machine-readable form?
Ticker Scout publishes Ross Stores, Inc.'s financial statements as JSON at https://tickerscout.ai/rost/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/rost/narrative.md and https://tickerscout.ai/rost/events.md. Ross Stores, Inc.'s SEC CIK is 0000745732. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Ross Stores, Inc. (ROST) next file with the SEC?
Ross Stores, Inc. (ROST) is expected to file its next Form 10-Q with the SEC on or around December 9, 2026. That date is a projection rather than a company-announced date: it is derived from Ross Stores, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-08-01, SEC accession 0000745732-26-000041.
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How this page was built
This page was built from two of Ross Stores, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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