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Urban Outfitters, Inc.

URBN Consumer Cyclical Apparel Retail

Urban Outfitters, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $6.2 billion, up 11.1% from fiscal 2025.

Revenue
+10.4%
EPS
+75.6%
Free cash flow
+92.5%

Quarter to July 2026, against a year earlier

84.43 3.14 −3.59%
Market cap
$7.5B
P/E
13.0×
Fwd P/E
11.9×
Dividend yield
—
F-score
9/9
Altman Z
4.30
Beneish M
−2.34
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Retail Operations
  • Subscription Operations
  • Wholesale Operations

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 112.58
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 20 18 14 2 — 3 — — — 2 2 —
Insider Ownership 43.47%

Capital & Financial Ratios $m

Size
Market Cap 7,500.00
Revenue ttm 6,474.38
Net income ttm 569.06
Free cash flow ttm 295.21
Net debt Q (716.13)
Valuation
P/E 12.99
Forward P/E 11.90
Price / sales 1.12
Forward P/S Powerpack
Price / FCF 24.49
Price / book 2.53
Financial health
Current ratio Q 1.58 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +10.44% (above 0%: growing)
Operating income growth Q +65.57% (above 0%: growing)
EPS, this year +16.64% (at or above 15%: strong)
EPS, next year A +7.81%
Revenue, next year A +9.50%
EPS, past 5 yrs +247.40% (at or above 15%: strong)
EPS, next 5 yrs A +11.46%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 0.8×; over the ten years it ranged from 0.4× in 2020 to 1.2× in 2018.
P/E against its own 10 years 41.96%
10-year low 10-year high
P/S against its own 10 years 86.47%
10-year low 10-year high
P/B against its own 10 years 76.39%
10-year low 10-year high
EV/Sales against its own 10 years 87.87%
10-year low 10-year high
EV/FCF against its own 10 years 78.67%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 465 610 696 716
Receivables 67 74 96 103
Inventory 550 621 701 779
Other — — — —
1,283 1,493 1,686 1,824
2024 2025 2026 Q'26
Payables 253 296 328 373
ST’ Debt — — — —
Other — — — —
994 1,076 1,118 1,154

Compound Annual Growth %

10y 5y 3y
Sales 5.99% 12.31% 8.74%
Cash Flow 3.20% 15.01% 59.14%
Earnings 7.55% 227.39% 42.79%
Book Value 9.49% 13.76% 16.24%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.72 Actual 1.72

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.19 1.28 Beat by 0.09
Q4 FY26 1.24 1.43 Beat by 0.19
Q1 FY26 1.12 1.30 Beat by 0.18
Q2 FY26 1.72 1.72 Met by 0.00
Q3 FY26 1.54 — Reports 24 November 2026

EPS $

Apr Jul Oct Jan Year
’26 1.30 2.78 — — —
’26 1.16 1.58 1.28 1.05 5.06
’25 0.65 1.24 1.10 1.28 4.26
’24 0.56 1.10 0.88 0.50 3.05
’23 0.33 0.64 0.40 0.34 1.70
’22 0.54 1.28 0.89 0.41 3.13
’21 (1.41) 0.35 0.78 0.29 0.01
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 1,481 1,662 — — —
’26 1,330 1,505 1,529 1,802 6,165
’25 1,201 1,352 1,362 1,636 5,551
’24 1,114 1,272 1,281 1,486 5,153
’23 1,052 1,183 1,175 1,385 4,795
’22 927 1,158 1,131 1,332 4,549
’21 588 803 970 1,088 3,450
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 15 376 — — —
’26 33 218 61 263 575
’25 59 105 19 320 503
’24 36 175 69 229 509
’23 (80) 48 25 149 143
’22 37 158 27 137 359
’21 (60) 175 99 71 286
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 (178) 301 — — —
’26 (13) 157 (23) 194 315
’25 17 48 (27) 282 320
’24 3 129 (4) 181 310
’23 (153) 16 (12) 93 (57)
’22 (5) 95 (26) 34 97
’21 (103) 146 82 1 127
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 9.1% a year for ten years. It grew 1.0% a year over the last ten.

Implied
9.1%
10 years, reported
1.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 3,546 3,616 3,951 3,984 3,450 4,549 4,795 5,153 5,551 6,165 6,474 +6.3% 6,751 7,220 7,672 +7.6%
Gross margin, % 35.10 32.51 34.09 31.12 24.98 32.84 29.76 33.29 34.71 35.97 37.48 +0.9 pt
EBT 338 261 386 240 4 405 221 382 500 597 720 +6.5%
EBT margin, % 9.54 7.23 9.76 6.02 0.10 8.90 4.61 7.41 9.01 9.68 11.12 +0.1 pt
Net income 218 108 298 168 1 311 160 288 402 465 569 +8.8%
Per share, $
Per share, $ Revenue 30.34 32.32 36.48 39.90 35.27 46.41 51.45 55.59 59.89 68.36 75.61 +9.4%
Earnings 1.87 0.97 2.75 1.68 0.01 3.17 1.71 3.10 4.34 5.15 6.50 +11.9%
Cash flow 3.55 2.71 4.12 2.74 2.92 3.67 1.53 5.50 5.43 6.38 8.36 +6.7%
Capex (1.23) (0.75) (1.06) (2.18) (1.63) (2.68) (2.14) (2.15) (1.97) (2.88) (4.91) +9.9%
Free cash flow 2.32 1.96 3.06 0.57 1.29 0.99 (0.61) 3.34 3.46 3.49 3.45 +4.6%
Book value 11.24 11.63 13.75 14.58 15.10 17.81 19.23 22.79 26.67 31.21 33.33 +12.0%
Shares, m 117 112 108 100 98 98 93 93 93 90 88 (2.8%)
Valuation, ×
Valuation, × P/E 14.19 35.53 11.75 15.15 2,713.00 9.09 16.02 12.30 12.77 14.10 12.99 285.4
P/S 0.87 1.06 0.89 0.64 0.77 0.62 0.53 0.68 0.93 1.06 1.12 0.8
P/B 2.36 2.93 2.35 1.76 1.80 1.61 1.42 1.67 2.08 2.33 2.53 2.0
EV/Sales 0.79 0.95 0.74 0.87 0.70 0.60 0.52 0.66 0.88 1.00 1.06 0.8
EV/FCF 10.28 15.60 8.78 61.66 19.15 27.96 (44.20) 10.97 15.19 19.66 23.22 14.5
Cash, $m
Cash, $m Operating cash flow 415 303 447 274 286 359 143 509 503 575 716 +3.7%
Capex (144) (84) (115) (217) (159) (262) (200) (200) (183) (260) (421) +6.8%
Free cash flow 272 219 332 56 127 97 (57) 310 320 315 295 +1.7%
Balance, $m
Balance, $m Working capital 528 619 816 415 317 304 347 288 417 568 670 +0.8%
Net debt (359) (447) (637) (433) (570) (446) (383) (465) (610) (696) (716) +7.6%
Shareholders’ equity 1,313 1,301 1,489 1,455 1,477 1,746 1,793 2,113 2,472 2,815 2,854 +8.8%
Returns, %
Returns, % ROA 11.68 5.62 14.49 6.14 0.04 8.47 4.27 7.38 9.33 9.76 11.57 (1.9) pt
ROIC 22.18 19.03 27.98 14.18 0.27 19.65 10.05 14.03 15.91 17.86 21.38 (4.3) pt
ROE 17.80 8.28 21.36 11.42 0.08 19.27 9.03 14.73 17.56 17.59 20.94 (0.2) pt
People
People Employees 24,000 23,000 24,000 24,000 19,000 23,000 26,000 28,000 29,000 31,000 — +2.9%
Revenue/emp, $m 0.15 0.16 0.16 0.17 0.18 0.20 0.18 0.18 0.19 0.20 — +3.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Business profile

Updated

Urban Outfitters, Inc. sells apparel, accessories, home goods and other lifestyle products through a group of consumer brands. Its main retail brands are Anthropologie, Free People, FP Movement and Urban Outfitters. Nuuly offers a monthly women’s clothing rental subscription. The company was founded in 1970 and is headquartered in Philadelphia. Dick Hayne is its chief executive officer.

Each retail brand serves a different customer. Anthropologie sells women’s clothing alongside furniture, home decor, beauty products and bridal items. Free People focuses on women’s casual apparel and related products, while FP Movement sells activewear and wellness essentials. Urban Outfitters targets young adults with women’s and men’s fashion, accessories, home goods, electronics and beauty products.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Retail Operations 5,283 85.68%
Subscription Operations 568 9.22%
Wholesale Operations 314 5.10%
Gross margin 35.97%
Operating margin 9.82%
Pre-tax margin 9.68%

Revenue by segment since 2010

Urban Outfitters, Inc. vs peers in Apparel Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BURL Burlington Stores, Inc. $15.8B 22.1× 21.5× +10.99% (above 0%: growing) +95.92% (above 0%: growing) +31.74% (above 0%: growing) 46.24% 8.51% Compare
LULU lululemon athletica inc. $13.0B 9.1× 11.5× −4.34% (below 0%: shrinking) −5.81% (below 0%: shrinking) +49.33% (above 0%: growing) 60.52% 18.78% Compare
VSXY Victoria's Secret & Co. $8.5B 24.2× 21.1× +10.42% (above 0%: growing) +990.00% (above 0%: growing) +272.73% (above 0%: growing) 47.11% 15.95% Compare
GAP The Gap, Inc. $7.9B 6.3× 5.8× −1.99% (below 0%: shrinking) +143.10% (above 0%: growing) −47.71% (below 0%: shrinking) 52.83% 18.52% Compare
URBN Urban Outfitters, Inc. $7.5B 13.0× 11.9× +10.44% (above 0%: growing) +75.63% (above 0%: growing) +92.47% (above 0%: growing) 43.42% 17.37%
ANF Abercrombie & Fitch Company $6.7B 12.6× 11.1× +4.81% (above 0%: growing) +41.41% (above 0%: growing) +296.59% (above 0%: growing) 71.10% 19.95% Compare
BOOT Boot Barn Holdings, Inc. $4.2B 15.7× 14.7× +15.12% (above 0%: growing) +25.80% (above 0%: growing) +62.25% (above 0%: growing) 37.21% 12.07% Compare
AEO American Eagle Outfitters, Inc. $3.4B 9.9× 8.8× +7.53% (above 0%: growing) +77.78% (above 0%: growing) +367.29% (above 0%: growing) 48.69% 15.32% Compare
BKE Buckle, Inc. (The) $2.3B 9.6× 9.8× +4.60% (above 0%: growing) −2.22% (below 0%: shrinking) −63.66% (below 0%: shrinking) 47.85% 17.45% Compare
Median of peers $7.3B 11.2× 11.3× +6.17% +59.60% +55.79% 48.27% 16.70%

All 33 Apparel Retail stocks →

From the latest earnings call

Updated

  • CEO Dick Hayne said customers continued to spend on fashion, while August comparable sales at the Urban Outfitters brand were being driven largely by full-price sales.
  • CFO Melanie Marein-Efron said the company was planning investments in marketing, technology, stores and logistics while managing costs associated with fuel surcharges.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 73.19%
Held by the ten largest 43.61%
Holder Shares Stake Change
BlackRock 8.68m 10.14% −563.20k
Vanguard 6.60m 7.71% −200.21k
Fidelity (FMR) 4.69m 5.47% +318.31k
Dimensional Fund Advisors 4.57m 5.34% +259.43k
State Street 2.68m 3.13% −37.06k
American Century 2.66m 3.10% +387.63k
ABRAMS BISON INVESTMENTS, LLC 2.23m 2.61% +4.87k
T. Rowe Price 2.07m 2.42% +616.75k
Fisher Investments 1.63m 1.91% −48.67k
Geode Capital Management 1.52m 1.78% −39.63k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 1 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 1.04m 1.04m 258.29
2025 1.04m 1.04m 202.04
2024 1.03m 1.03m 138.53
2023 55.46k 55.46k 99.85
2022 1.04m 1.04m 104.70

Ownership

Directors and executive officers, together 32.10%
Richard A. Hayne 20.00%
Harry S. Cherken, Jr. 9.90%
BlackRock, Inc. 9.07%
Margaret A. Hayne 6.50%
FMR LLC 5.56%
David A. Hayne 5.11%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Urban Outfitters, Inc. (URBN) Latest News

28 Oct

Impact 4 · · Business Wire

27 Oct

Impact 3 · · StockStory
Impact 3 · · Barchart

24 Oct

Impact 3 · · Simply Wall St.

20 Oct

Impact 4 · · Zacks

19 Oct

Impact 4 · · Zacks

15 Oct

Impact 3 · · Zacks
Impact 3 · · PR Newswire
Impact 3 · · Zacks

13 Oct

Impact 4 · · Simply Wall St.

8 Oct

Impact 3 · · PR Newswire
Impact 3 · · Zacks

5 Oct

Impact 3 · · Zacks

29 Sep

Impact 3 · · The Motley Fool
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

25 Sep

Impact 4 · · Zacks

24 Sep

Impact 4 · · wwd.com

21 Sep

Impact 3 ·

20 Sep

Impact 3 ·

9 Sep

Impact 4 ·

6 Sep

Impact 3 ·

4 Sep

Impact 3 · · supplychaindive.com

2 Sep

Impact 3 · · TheStreet

31 Aug

Impact 4 · · retaildive.com
Impact 3 ·

27 Aug

Impact 4 ·
Impact 4 · · qz.com
Impact 4 · · Moby transcript

URBN metrics, ten years each

stockrow.com/URBN · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com