Descartes Systems Group Inc income statement DSGX
In fiscal 2026, which ended Jan 31, 2026, Descartes Systems Group Inc reported revenue of $729.0 million. Net income was $163.8 million, a profit margin of 22.5%. Operating income came to $210.0 million, an operating margin of 28.8%. Diluted earnings per share were $1.87. Across the 10 fiscal years shown, revenue grew from $151.3 million in fiscal 2013 to $729.0 million in fiscal 2026, about 19.1% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jan 31, 2026
|
FY 2022
Jan 31, 2022
|
FY 2021
Jan 31, 2021
|
FY 2020
Jan 31, 2020
|
FY 2019
Jan 31, 2019
|
FY 2018
Jan 31, 2018
|
FY 2017
Jan 31, 2017
|
FY 2016
Jan 31, 2016
|
FY 2015
Jan 31, 2015
|
FY 2013
Jan 31, 2014
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
729
|
425
+21.8%
|
349
+7.0%
|
326
+18.4%
|
275
+15.9%
|
237
+16.5%
|
204
+10.2%
|
185
+8.3%
|
171
|
151
+19.2%
|
| Cost of revenue |
167
|
102
+13.2%
|
90
+4.9%
|
86
+14.3%
|
75
+17.7%
|
64
+13.7%
|
56
+4.1%
|
54
-1.9%
|
55
|
49
+15.7%
|
| Gross profit |
562
|
323
+24.8%
|
259
+7.8%
|
240
+19.9%
|
200
+15.2%
|
174
+17.6%
|
148
+12.7%
|
131
+13.1%
|
116
|
102
+21.0%
|
| Research and development |
105
|
63
+15.7%
|
54
+1.0%
|
54
+11.8%
|
48
+14.5%
|
42
+17.6%
|
36
+13.6%
|
31
+11.5%
|
28
|
26
+21.7%
|
| Selling, general and administrative |
155
|
91
+21.7%
|
75
+0.0%
|
75
+12.2%
|
67
+14.2%
|
59
+22.0%
|
48
+9.1%
|
44
+8.1%
|
41
|
37
+26.3%
|
| Restructuring and impairment |
5
|
0
-97.1%
|
2
+11400.0%
|
—
|
0
-96.2%
|
1
|
—
|
—
|
—
|
2
|
| Operating income |
210
|
103
+44.9%
|
71
+36.6%
|
52
+26.1%
|
41
+15.5%
|
36
+16.9%
|
31
+9.3%
|
28
+24.5%
|
23
|
15
-14.7%
|
| Pretax income |
217
|
103
+45.8%
|
70
+46.5%
|
—
|
40
+13.7%
|
35
+10.3%
|
32
+13.4%
|
28
+27.3%
|
22
|
14
-20.3%
|
| Income tax |
53
|
16
-10.6%
|
18
+65.5%
|
—
|
8
+4.6%
|
8
+2.7%
|
8
+6.3%
|
7
+6.6%
|
7
|
4
+236.4%
|
| Net income |
164
|
86
+65.6%
|
52
+40.8%
|
37
+18.3%
|
31
+16.4%
|
27
+12.8%
|
24
+15.9%
|
21
+36.5%
|
15
|
10
-39.9%
|
| Basic EPS |
1.91
|
1.02
+64.5%
|
0.62
+37.8%
|
0.45
+9.8%
|
0.41
+17.1%
|
0.35
+12.9%
|
0.31
+14.8%
|
0.27
+28.6%
|
0.21
|
0.15
-42.3%
|
| Diluted EPS |
1.87
|
1.00
+63.9%
|
0.61
+35.6%
|
0.45
+12.5%
|
0.40
+14.3%
|
0.35
+12.9%
|
0.31
+14.8%
|
0.27
+28.6%
|
0.21
|
0.15
-40.0%
|
| Weighted average shares, basic |
86
|
85
+0.3%
|
84
+3.3%
|
82
+6.3%
|
77
+0.7%
|
76
+0.7%
|
76
+0.3%
|
76
+107037.3%
|
0
|
63
+0.5%
|
| Weighted average shares, diluted |
88
|
86
+0.5%
|
86
+3.5%
|
83
+6.5%
|
78
+0.9%
|
77
+0.8%
|
77
+0.1%
|
76
+106640.3%
|
0
|
64
+0.8%
|
| Other measures | ||||||||||
| Depreciation and amortization |
6
|
5
-10.9%
|
6
-4.6%
|
6
+32.9%
|
5
+10.8%
|
4
+13.0%
|
4
+7.4%
|
3
+2.5%
|
3
|
3
+18.0%
|
| EBITDA |
216
|
109
+40.7%
|
77
+32.3%
|
58
+26.8%
|
46
+15.0%
|
40
+16.5%
|
34
+9.1%
|
31
+21.7%
|
26
|
18
-10.0%
|
| Interest coverage |
217.14x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | ||||||||||
| Gross margin |
77.08%
|
76.03%
|
74.21%
|
73.69%
|
72.75%
|
73.17%
|
72.49%
|
70.89%
|
67.88%
|
67.58%
|
| Operating margin |
28.80%
|
24.36%
|
20.48%
|
16.04%
|
15.06%
|
15.11%
|
15.06%
|
15.19%
|
13.21%
|
9.70%
|
| Pretax margin |
29.78%
|
24.16%
|
20.18%
|
—
|
14.36%
|
14.63%
|
15.46%
|
15.01%
|
12.77%
|
9.08%
|
| Profit margin |
22.46%
|
20.32%
|
14.94%
|
11.36%
|
11.37%
|
11.32%
|
11.70%
|
11.12%
|
8.81%
|
6.35%
|
| EBITDA margin |
29.62%
|
25.56%
|
22.13%
|
17.89%
|
16.71%
|
16.84%
|
16.84%
|
17.01%
|
15.14%
|
11.94%
|
| Effective tax rate |
24.56%
|
15.91%
|
25.96%
|
—
|
20.84%
|
22.65%
|
24.32%
|
25.96%
|
30.99%
|
30.01%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Services-Prepackaged Software (SIC 7372)
- Listed as
- DSGX (Nasdaq)
- Fiscal year ends
- January 31
- Incorporated in
- Ontario, Canada
- Headquarters
- Waterloo, Ontario, Canada
- SEC filer status
- Smaller reporting company
- SEC CIK
- 1050140
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.