NASDAQ : PLUS
ePlus inc. — Financial statements
Technology · Software - Application · United States
Last price 92.91 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.40B
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Financial statements
ePlus inc. (PLUS) reported revenue of 2.45B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.45B | 2.44B | 2.00B | 2.18B | 2.02B | 1.73B |
| Other Revenue | 52.47M | 87.98M | ||||
| Revenue | 2.45B | 2.44B | 2.00B | 2.18B | 2.07B | 1.82B |
| Cost of Revenue | 1.84B | 1.83B | 1.49B | 1.67B | 1.55B | 1.36B |
| Gross Profit | 613.73M | 616.08M | 512.12M | 511.74M | 500.54M | 461.49M |
| Selling, General & Admin | 426.35M | 423.39M | 385.61M | 355.56M | 317.79M | 298.87M |
| Operating Expenses | 451.70M | 449.94M | 411.36M | 376.51M | 331.39M | 313.55M |
| Operating Income | 162.04M | 166.15M | 100.76M | 135.24M | 169.15M | 147.93M |
| Interest Expense | -1.43M | -2.90M | -928.00K | |||
| Interest & Investment Income | 12.60M | 11.40M | 7.80M | |||
| Currency Exchange Gain (Loss) | 700.00K | -600.00K | -1.20M | -500.00K | ||
| Other Non Operating Income (Expenses) | 711.00K | 693.00K | -162.00K | 1.43M | -3.19M | 68.00K |
| EBT Excluding Unusual Items | 176.05M | 177.64M | 107.20M | 135.24M | 163.07M | 146.57M |
| Merger & Restructuring Charges | -1.07M | |||||
| Other Unusual Items | -4.20M | -4.20M | -93.00K | 312.00K | ||
| Pretax Income | 171.85M | 173.44M | 106.12M | 135.24M | 162.97M | 146.88M |
| Income Tax Expense | 49.46M | 49.32M | 29.68M | 37.91M | 43.62M | 41.28M |
| Earnings From Continuing Operations | 122.39M | 124.12M | 76.44M | 97.33M | 119.36M | 105.60M |
| Earnings From Discontinued Operations | -2.05M | 8.52M | 28.14M | 20.66M | ||
| Net Income | 120.33M | 132.64M | 104.58M | 117.98M | 119.36M | 105.60M |
| Net Income to Common | 120.33M | 132.64M | 104.58M | 117.98M | 119.36M | 105.60M |
| Shares Outstanding (Basic) | 26.15M | 26.23M | 26.50M | 26.61M | 26.57M | 26.64M |
| Shares Outstanding (Diluted) | 26.29M | 26.37M | 26.67M | 26.72M | 26.65M | 26.87M |
| EPS (Basic) | 4.60 | 5.06 | 3.95 | 4.43 | 4.49 | 3.96 |
| EPS (Diluted) | 4.58 | 5.03 | 3.93 | 4.41 | 4.48 | 3.93 |
| Free Cash Flow | 54.77M | -120.66M | 296.87M | 240.78M | -24.80M | -43.75M |
| Free Cash Flow Per Share | 2.08 | -4.58 | 11.13 | 9.01 | -0.93 | -1.63 |
| Dividend Per Share | 1.02 | 0.75 | ||||
| Gross Margin | 25.06% | 25.22% | 25.60% | 23.49% | 24.21% | 25.34% |
| Operating Margin | 6.62% | 6.80% | 5.04% | 6.21% | 8.18% | 8.12% |
| Profit Margin | 4.91% | 5.43% | 5.23% | 5.42% | 5.77% | 5.80% |
| Free Cash Flow Margin | 2.24% | -4.94% | 14.84% | 11.05% | -1.20% | -2.40% |
| EBITDA | 188.40M | 193.76M | 127.94M | 157.73M | 187.74M | 172.24M |
| EBITDA Margin | 7.69% | 7.93% | 6.40% | 7.24% | 9.08% | 9.46% |
| D&A For EBITDA | 26.36M | 27.61M | 27.18M | 22.50M | 18.59M | 24.30M |
| EBIT | 162.04M | 166.15M | 100.76M | 135.24M | 169.15M | 147.93M |
| EBIT Margin | 6.62% | 6.80% | 5.04% | 6.21% | 8.18% | 8.12% |
| Effective Tax Rate | 28.78% | 28.44% | 27.97% | 28.03% | 26.76% | 28.11% |
| Revenue as Reported | 2.45B | 2.44B | 2.00B | 2.18B | 2.07B | 1.82B |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 448.85M | 410.77M | 389.38M | 253.02M | 103.09M | 155.38M |
| Cash & Short-Term Investments | 448.85M | 410.77M | 389.38M | 253.02M | 103.09M | 155.38M |
| Accounts Receivable | 766.58M | 674.13M | 508.27M | 644.62M | 504.12M | 430.38M |
| Other Receivables | 37.34M | 38.90M | 19.38M | 46.88M | 55.51M | 48.67M |
| Receivables | 803.92M | 713.03M | 527.65M | 691.50M | 559.63M | 479.05M |
| Inventory | 145.96M | 200.89M | 120.44M | 139.69M | 243.29M | 155.06M |
| Finance Div. Loans and Leases | 102.60M | 89.83M | 61.49M | |||
| Other Current Assets | 102.10M | 103.05M | 320.61M | 86.72M | 99.29M | 46.50M |
| Total Current Assets | 1.50B | 1.43B | 1.36B | 1.27B | 1.10B | 897.48M |
| Property, Plant & Equipment | 97.61M | 27.82M | 33.41M | 28.34M | 26.53M | 14.81M |
| Goodwill | 202.88M | 202.88M | 202.86M | 161.50M | 136.10M | 126.54M |
| Other Intangible Assets | 56.78M | 61.34M | 82.01M | 44.09M | 25.05M | 27.25M |
| Finance Div. Loans and Leases Long-Term | 75.82M | 79.72M | 59.23M | |||
| Long-Term Deferred Tax Assets | 8.95M | 8.96M | 3.66M | 5.62M | 3.68M | 5.05M |
| Long-Term Deferred Charges | 50.89M | 55.79M | ||||
| Other Long-Term Assets | 21.32M | 143.29M | 60.95M | 43.91M | 30.77M | |
| Total Assets | 1.87B | 1.80B | 1.88B | 1.65B | 1.41B | 1.17B |
| Accounts Payable | 317.08M | 264.61M | 323.89M | 315.68M | 220.16M | 136.16M |
| Accrued Expenses | 53.96M | 48.59M | 42.72M | 43.70M | 37.34M | 39.60M |
| Short-Term Debt | 112.55M | 119.69M | 89.53M | 105.10M | 134.62M | 145.32M |
| Current Portion of Long-Term Debt | 23.29M | 30.82M | 24.39M | |||
| Current Portion of Leases | 5.57M | 5.60M | 4.20M | 2.70M | 3.60M | |
| Current Unearned Revenue | 161.04M | 168.13M | 154.07M | 134.60M | 114.03M | 86.47M |
| Other Current Liabilities | 59.66M | 31.56M | 183.33M | 30.43M | 21.67M | 24.50M |
| Total Current Liabilities | 704.29M | 638.14M | 799.13M | 656.99M | 561.33M | 460.04M |
| Long-Term Debt | 12.90M | 9.52M | 9.90M | |||
| Long-Term Leases | 9.98M | 10.72M | 13.50M | 12.70M | 12.00M | 3.30M |
| Long-Term Unearned Revenue | 80.75M | 83.01M | 81.76M | 68.17M | 47.22M | 30.09M |
| Long-Term Deferred Tax Liabilities | 1.45M | 715.00K | ||||
| Other Long-Term Liabilities | 107.00K | 12.59M | 925.00K | 1.78M | 2.14M | |
| Total Liabilities | 795.02M | 731.98M | 908.43M | 751.69M | 632.56M | 505.46M |
| Common Stock | 279.00K | 278.00K | 276.00K | 274.00K | 272.00K | 270.00K |
| Additional Paid-In Capital | 215.23M | 210.27M | 194.47M | 180.06M | 167.30M | 159.48M |
| Retained Earnings | 979.21M | 956.00M | 843.21M | 742.98M | 627.20M | 507.85M |
| Treasury Stock | -127.13M | -101.94M | -70.75M | -23.81M | -14.08M | -6.73M |
| Comprehensive Income & Other | 4.44M | 4.36M | 3.44M | 2.28M | 1.57M | -124.00K |
| Shareholders' Equity | 1.07B | 1.07B | 970.66M | 901.78M | 782.26M | 660.74M |
| Total Liabilities & Equity | 1.87B | 1.80B | 1.88B | 1.65B | 1.41B | 1.17B |
| Total Debt | 122.53M | 135.98M | 108.63M | 158.19M | 189.65M | 186.51M |
| Net Cash (Debt) | 326.32M | 274.79M | 280.75M | 94.83M | -86.56M | -31.13M |
| Net Cash Per Share | 12.41 | 10.42 | 10.53 | 3.55 | -3.25 | -1.16 |
| Filing Date Shares Outstanding | 25.85M | 25.90M | 26.25M | 26.64M | 26.83M | 26.82M |
| Total Common Shares Outstanding | 25.91M | 26.05M | 26.25M | 26.64M | 26.91M | 26.89M |
| Working Capital | 796.54M | 789.59M | 558.94M | 616.54M | 533.80M | 437.45M |
| Book Value Per Share | 41.37 | 41.04 | 36.98 | 33.85 | 29.08 | 24.58 |
| Tangible Book Value | 812.37M | 804.75M | 685.79M | 696.18M | 621.12M | 506.94M |
| Tangible Book Value Per Share | 31.35 | 30.90 | 26.13 | 26.13 | 23.09 | 18.86 |
| Machinery | 27.80M | 27.02M | 26.90M | 30.26M | 29.12M | |
| Leasehold Improvements | 13.28M | 13.34M | 11.78M | 10.40M | 7.62M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 120.33M | 132.64M | 104.58M | 117.98M | 119.36M | 105.60M |
| Depreciation & Amortization | 26.36M | 27.61M | 27.18M | 22.50M | 18.59M | 24.30M |
| Loss (Gain) From Sale of Assets | 91.00K | 121.00K | 283.00K | 192.00K | -3.48M | -4.14M |
| Stock-Based Compensation | 12.59M | 12.13M | 10.50M | 9.47M | 7.83M | 7.11M |
| Provision & Write-off of Bad Debts | 213.00K | 483.00K | 1.73M | 371.00K | 666.00K | -102.00K |
| Other Operating Activities | 2.94M | -7.62M | -24.72M | -23.31M | 2.08M | -3.61M |
| Change in Accounts Receivable | -74.06M | -165.30M | 194.56M | -117.47M | -78.68M | -50.80M |
| Change in Inventory | -45.28M | -80.33M | 23.37M | 101.73M | -88.10M | -85.45M |
| Change in Accounts Payable | -2.92M | -59.31M | 6.01M | 106.97M | 75.27M | -25.19M |
| Change in Other Net Operating Assets | 24.76M | 22.13M | -19.58M | 27.63M | -68.96M | 11.70M |
| Operating Cash Flow | 59.21M | -116.23M | 302.14M | 248.45M | -15.43M | -20.57M |
| Capital Expenditures | -4.45M | -4.43M | -5.27M | -7.66M | -9.38M | -23.18M |
| Sale of Property, Plant & Equipment | 63.00K | 74.00K | 7.00K | 38.00K | 3.74M | 21.92M |
| Cash Acquisitions | -124.93M | -54.18M | -13.29M | |||
| Other Investing Activities | 7.48M | 164.16M | 1.32M | -156.00K | ||
| Investing Cash Flow | 3.10M | 159.81M | -128.87M | -61.96M | -18.93M | -1.26M |
| Short-Term Debt Issued | 30.17M | 46.67M | ||||
| Long-Term Debt Issued | 252.00M | 193.05M | 114.11M | |||
| Total Debt Issued | -9.72M | 30.17M | 252.00M | 193.05M | 160.78M | |
| Short-Term Debt Repaid | -15.58M | -47.44M | -10.71M | |||
| Long-Term Debt Repaid | -258.00M | -196.07M | -99.99M | |||
| Total Debt Repaid | -7.14M | -15.58M | -305.44M | -206.78M | -99.99M | |
| Net Debt Issued (Repaid) | -16.87M | 30.17M | -15.58M | -53.44M | -13.73M | 60.78M |
| Issuance of Common Stock | 3.68M | 3.61M | 3.63M | 3.02M | ||
| Repurchase of Common Stock | -52.79M | -30.63M | -46.94M | -9.85M | -7.22M | -13.61M |
| Common Dividends Paid | -26.73M | -19.66M | ||||
| Other Financing Activities | -1.00K | -6.42M | 21.30M | 23.65M | ||
| Financing Cash Flow | -92.70M | -22.94M | -37.58M | -36.62M | -20.95M | 47.18M |
| Foreign Exchange Rate Adjustments | -933.00K | 751.00K | 652.00K | 62.00K | 3.02M | 470.00K |
| Net Cash Flow | -31.32M | 21.39M | 136.35M | 149.93M | -52.28M | 25.82M |
| Free Cash Flow | 54.77M | -120.66M | 296.87M | 240.78M | -24.80M | -43.75M |
| Free Cash Flow Margin | 2.24% | -4.94% | 14.84% | 11.05% | -1.20% | -2.40% |
| Free Cash Flow Per Share | 2.08 | -4.58 | 11.13 | 9.01 | -0.93 | -1.63 |
| Levered Free Cash Flow | 39.35M | -100.23M | 326.80M | 210.67M | -22.52M | -8.19M |
| Unlevered Free Cash Flow | 39.35M | -100.23M | 326.80M | 211.56M | -20.71M | -7.61M |
| Cash Interest Paid | 34.00K | 102.00K | 143.00K | 1.52M | 4.07M | 1.71M |
| Cash Income Tax Paid | 1.09M | 51.98M | 47.14M | |||
| Change in Working Capital | -97.50M | -282.81M | 204.37M | 118.86M | -160.47M | -149.74M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.40B | 1.97B | 1.61B | 2.09B | 1.32B | 1.51B |
| Enterprise Value | 2.08B | 1.77B | 1.50B | 2.09B | 1.53B | 1.67B |
| Last Close Price | 92.91 | 74.77 | 60.07 | 77.31 | 48.27 | 55.18 |
| PE Ratio | 20.28 | 14.83 | 15.37 | 17.74 | 11.06 | 14.27 |
| Forward PE | 16.85 | 14.46 | 13.67 | 14.60 | 11.38 | 13.52 |
| PS Ratio | 0.98 | 0.81 | 0.80 | 0.96 | 0.64 | 0.83 |
| PB Ratio | 2.25 | 1.84 | 1.66 | 2.32 | 1.69 | 2.28 |
| P/TBV Ratio | 2.96 | 2.44 | 2.34 | 3.01 | 2.12 | 2.97 |
| P/FCF Ratio | 43.86 | 5.42 | 8.69 | |||
| P/OCF Ratio | 40.56 | 5.32 | 8.42 | |||
| PEG Ratio | 1.05 | 0.80 | 1.37 | 1.22 | 0.95 | 1.13 |
| EV/Sales Ratio | 0.85 | 0.73 | 0.75 | 0.96 | 0.74 | 0.92 |
| EV/EBITDA Ratio | 11.02 | 9.16 | 11.76 | 13.26 | 8.13 | 9.69 |
| EV/EBIT Ratio | 12.81 | 10.68 | 14.93 | 15.46 | 9.02 | 11.29 |
| EV/FCF Ratio | 37.90 | 5.07 | 8.69 | |||
| Debt / Equity Ratio | 0.11 | 0.13 | 0.11 | 0.17 | 0.24 | 0.28 |
| Debt / EBITDA Ratio | 0.63 | 0.68 | 0.81 | 0.97 | 0.98 | 1.05 |
| Debt / FCF Ratio | 2.24 | 0.37 | 0.66 | |||
| Net Debt / Equity Ratio | -0.30 | -0.26 | -0.29 | -0.10 | 0.11 | 0.05 |
| Net Debt / EBITDA Ratio | -1.73 | -1.42 | -2.19 | -0.60 | 0.46 | 0.18 |
| Net Debt / FCF Ratio | -5.96 | 2.28 | -0.95 | -0.39 | -3.49 | -0.71 |
| Asset Turnover | 1.34 | 1.33 | 1.13 | 1.42 | 1.60 | 1.62 |
| Inventory Turnover | 14.86 | 11.37 | 11.44 | 8.70 | 7.78 | 12.09 |
| Quick Ratio | 1.78 | 1.76 | 1.15 | 1.59 | 1.34 | 1.51 |
| Current Ratio | 2.13 | 2.24 | 1.70 | 1.94 | 1.95 | 1.95 |
| Return on Equity (ROE) | 11.70% | 12.17% | 8.16% | 11.56% | 16.54% | 17.27% |
| Return on Assets (ROA) | 5.53% | 5.64% | 3.56% | 5.51% | 8.19% | 8.24% |
| Return on Invested Capital (ROIC) | 14.99% | 16.02% | 9.70% | 11.62% | 15.88% | 16.28% |
| Return on Capital Employed (ROCE) | 13.90% | 14.30% | 9.30% | 13.60% | 19.80% | 20.90% |
| Earnings Yield | 4.93% | 6.74% | 6.50% | 5.64% | 9.04% | 7.01% |
| FCF Yield | 2.28% | -6.13% | 18.47% | 11.51% | -1.88% | -2.90% |
| Dividend Yield | 1.16% | 0.99% | ||||
| Payout Ratio | 22.70% | 14.82% | ||||
| Buyback Yield / Dilution | 1.02% | 1.11% | 0.19% | -0.24% | 0.79% | -0.12% |
| Total Shareholder Return | 2.18% | 2.10% | 0.19% | -0.24% | 0.79% | -0.12% |