The Descartes Systems Group (DSGX) Financial Statements & Analysis

The Descartes Systems Group (DSGX) Income Statement

The Descartes Systems Group reported revenue of $728.99M in fiscal 2026 (fiscal year ended Jan 31, 2026), up 12.0% from $651.00M a year earlier. Net income was $163.77M, up 14.3% year over year, a net margin of 22.5%. Gross margin was 77.1% and operating margin 30.2%. In the most recent quarter, Q2 fiscal 2027 (ended Jul 31, 2026), revenue was $201.11M, up 11.8% from the same quarter a year earlier.

The Descartes Systems Group Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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The Descartes Systems Group Inc. income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017
Revenue & Gross Profit
Revenue	728.99	651.00	572.93	572.93	486.01	424.69	348.66	325.79	237.44	203.78
Cost of Revenue	167.07	158.57	138.30	138.30	113.33	101.81	89.91	85.72	63.70	56.05
Gross Profit	561.93	492.43	434.64	434.64	372.69	322.88	258.75	240.07	173.74	147.73
Operating Expenses
Research & Development	105.31	95.50	84.10	84.10	70.35	62.57	54.07	53.51	41.80	35.56
Selling, General & Administrative	155.03	138.94	125.53	125.53	106.28	91.35	75.05	75.02	58.58	48.02
Operating Expenses	341.52	311.30	291.79	291.79	242.25	219.45	187.36	187.81	137.85	117.03
Operating Income	220.41	181.12	142.85	142.85	130.43	103.43	71.40	52.26	35.88	30.70
Other Income/Expense
Interest Income	0.00	0.00	9.67	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.97	1.00	-1.36	1.36	1.17	1.12	1.19	4.42	1.30	0.61
Other Income/Expense	-3.32	10.51	8.30	8.30	3.29	-0.82	-1.03	-4.22	-1.14	-2.65
Income
Income Before Tax	217.09	191.63	151.15	151.15	133.73	102.61	70.37	48.04	34.75	31.50
Income Tax Expense	53.32	48.36	35.25	35.25	31.49	16.33	18.27	11.04	7.87	7.66
Net Income	163.77	143.27	115.91	115.91	102.24	86.28	52.10	37.00	26.88	23.84
Net Income - Continuous Operations	163.77	143.27	143.27	115.91	102.24	86.28	52.10	37.00	26.88	23.84
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	305.19	267.63	230.47	218.49	200.30	167.96	133.22	113.97	73.62	65.74
EBIT	220.41	188.59	164.50	135.88	103.73	73.73	-	-	-	-
Depreciation & Amortization	87.13	74.99	65.98	65.98	65.40	64.23	61.66	61.52	37.58	33.63
Earnings Per Share
Basic EPS	2.00	2.00	1.00	1.00	1.00	1.00	1.00	-	-	-
Diluted EPS	2.00	2.00	1.00	1.00	1.00	1.00	1.00	-	-	-
Basic Shares Outstanding	85.87	87.32	85.07	86.50	84.79	84.59	84.36	81.66	76.32	75.80
Diluted Shares Outstanding	87.58	87.32	86.82	86.82	86.45	86.20	85.76	82.87	77.11	76.52

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About The Descartes Systems Group Financial Statements

What was The Descartes Systems Group's revenue in fiscal 2026?

The Descartes Systems Group reported revenue of $728.99M in fiscal 2026 (fiscal year ended Jan 31, 2026). That was up 12.0% from $651.00M a year earlier.

Is The Descartes Systems Group profitable?

Yes. The Descartes Systems Group earned net income of $163.77M in fiscal 2026, a net margin of 22.5%. In fiscal 2025 it earned $143.27M.

What is The Descartes Systems Group's operating margin?

The Descartes Systems Group's operating income was $220.41M on revenue of $728.99M in fiscal 2026, an operating margin of 30.2%, compared with 27.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition