In fiscal 2025, which ended Sep 30, 2025, Sally Beauty Holdings, Inc. reported revenue of $3.7 billion, down 0.4% from the year before. Net income was $195.9 million, a profit margin of 5.3%. Operating income came to $327.8 million, an operating margin of 8.9%. Diluted earnings per share were $1.89. Over the twelve months ended Jun 30, 2026, revenue was $3.7 billion and net income was $192.3 million. Across the 8 fiscal years shown, revenue shrank from $3.9 billion in fiscal 2018 to $3.7 billion in fiscal 2025, about 0.9% 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
Jun 30, 2026
|
FY 2025
Sep 30, 2025
|
FY 2024
Sep 30, 2024
|
FY 2023
Sep 30, 2023
|
FY 2022
Sep 30, 2022
|
FY 2021
Sep 30, 2021
|
FY 2020
Sep 30, 2020
|
FY 2019
Sep 30, 2019
|
FY 2018
Sep 30, 2018
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
3,729
+1.1%
|
3,701
-0.4%
|
3,717
-0.3%
|
3,728
-2.3%
|
3,816
-1.5%
|
3,875
+10.3%
|
3,514
-9.3%
|
3,876
-1.4%
|
3,933
|
| Cost of revenue |
1,786
-0.4%
|
1,791
-2.0%
|
1,827
-0.2%
|
1,830
-3.5%
|
1,896
-1.3%
|
1,922
+6.8%
|
1,799
-8.5%
|
1,966
-1.1%
|
1,988
+0.7%
|
| Gross profit |
1,943
+2.5%
|
1,911
+1.1%
|
1,890
-0.4%
|
1,898
-1.1%
|
1,919
-1.7%
|
1,953
+13.9%
|
1,716
-10.2%
|
1,911
-1.7%
|
1,944
-1.0%
|
| Selling, general and administrative |
1,629
+4.0%
|
1,583
-1.5%
|
1,608
+3.3%
|
1,556
+0.1%
|
1,554
+1.5%
|
1,530
+6.1%
|
1,443
-0.7%
|
1,453
-2.1%
|
1,484
+1.4%
|
| Restructuring and impairment |
—
|
0
+100.0%
|
-0
-100.4%
|
17
-37.6%
|
28
+498.1%
|
5
-67.1%
|
14
+2156.5%
|
-1
-102.0%
|
34
+48.2%
|
| Operating expenses |
1,629
+4.1%
|
1,583
-1.5%
|
1,608
+2.2%
|
1,573
-0.5%
|
1,582
+3.0%
|
1,535
+5.4%
|
1,457
+0.3%
|
1,452
-4.3%
|
1,518
+2.1%
|
| Operating income |
314
-4.8%
|
328
+15.9%
|
283
-13.0%
|
325
-3.7%
|
338
-19.3%
|
418
+61.7%
|
259
-43.6%
|
458
+7.5%
|
427
-10.9%
|
| Interest expense |
—
|
64
-15.7%
|
76
+4.7%
|
73
-22.0%
|
94
+0.0%
|
94
-5.3%
|
99
+2.6%
|
96
-1.9%
|
98
-26.1%
|
| Pretax income |
257
-2.3%
|
263
+27.7%
|
206
-18.1%
|
252
+3.3%
|
244
-24.9%
|
325
+103.1%
|
160
-55.8%
|
362
+10.3%
|
328
-5.0%
|
| Income tax |
65
-6.3%
|
68
+27.6%
|
53
-21.6%
|
67
+11.4%
|
61
-28.8%
|
85
+82.1%
|
47
-48.4%
|
91
+28.6%
|
70
-46.1%
|
| Net income |
192
-0.9%
|
196
+27.7%
|
153
-16.9%
|
185
+0.6%
|
184
-23.5%
|
240
+29.9%
|
185
-32.0%
|
272
+5.3%
|
258
|
| Basic EPS |
1.98
+3.8%
|
1.95
+31.8%
|
1.48
-14.0%
|
1.72
+1.8%
|
1.69
-20.7%
|
2.13
+115.2%
|
0.99
-56.4%
|
2.27
+8.6%
|
2.09
+34.0%
|
| Diluted EPS |
1.92
+3.5%
|
1.89
+32.2%
|
1.43
-15.4%
|
1.69
+1.8%
|
1.66
-21.0%
|
2.10
+112.1%
|
0.99
-56.2%
|
2.26
+8.7%
|
2.08
+33.3%
|
| Weighted average shares, basic |
97
-4.5%
|
101
-3.2%
|
104
-3.2%
|
107
-1.2%
|
109
-3.5%
|
113
-1.1%
|
114
-4.8%
|
120
-2.9%
|
123
-10.4%
|
| Weighted average shares, diluted |
100
-4.2%
|
104
-2.9%
|
107
-2.2%
|
109
-0.9%
|
110
-3.4%
|
114
-0.4%
|
115
-4.7%
|
120
-2.9%
|
124
-10.4%
|
| Other measures | |||||||||
| Depreciation and amortization |
99
-2.3%
|
100
-8.9%
|
110
+7.2%
|
102
+2.5%
|
100
-2.2%
|
102
-4.3%
|
107
-0.8%
|
108
-1.1%
|
109
-3.1%
|
| EBITDA |
414
-4.2%
|
428
+9.0%
|
392
-8.2%
|
427
-2.3%
|
438
-16.0%
|
521
+42.4%
|
366
-35.4%
|
566
+5.7%
|
535
-9.4%
|
| Interest coverage |
—
|
5.09x
|
3.70x
|
4.45x
|
3.61x
|
4.47x
|
2.62x
|
4.76x
|
4.35x
|
| Margins | |||||||||
| Gross margin |
52.11%
|
51.62%
|
50.86%
|
50.92%
|
50.30%
|
50.41%
|
48.82%
|
49.29%
|
49.44%
|
| Operating margin |
8.43%
|
8.86%
|
7.61%
|
8.72%
|
8.85%
|
10.80%
|
7.36%
|
11.83%
|
10.85%
|
| Pretax margin |
6.89%
|
7.12%
|
5.55%
|
6.76%
|
6.40%
|
8.39%
|
4.55%
|
9.34%
|
8.35%
|
| Profit margin |
5.16%
|
5.29%
|
4.13%
|
4.95%
|
4.81%
|
6.19%
|
5.25%
|
7.01%
|
6.56%
|
| EBITDA margin |
11.09%
|
11.56%
|
10.56%
|
11.47%
|
11.47%
|
13.44%
|
10.40%
|
14.60%
|
13.61%
|
| Effective tax rate |
25.12%
|
25.64%
|
25.64%
|
26.76%
|
24.80%
|
26.18%
|
29.21%
|
25.00%
|
21.43%
|
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. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Retail-Retail Stores, NEC (SIC 5990)
- Listed as
- SBH (NYSE)
- Fiscal year ends
- September 30
- Headquarters
- Plano, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1368458
- Former names
- Sally Beauty Holdings, Inc. (until Oct 8, 2026); New Sally Holdings, Inc. (until Nov 22, 2006)
Other Retail-Retail Stores, NEC companies
- JD.com, Inc. JD
- Ulta Beauty, Inc. ULTA
- Bath & Body Works, Inc. BBWI
- ATRenew Inc. RERE
- Petco Health & Wellness Company, Inc. WOOF
- Titan Machinery Inc. TITN
- Star Group, L.P. SGU
- High Tide Inc. HITI
Source: SEC EDGAR filings. This is company-reported data, not investment advice.