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American Eagle Outfitters Inc (AEO) stock

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NYSE: AEO NYSE Apparel Retail Next results ~December 1, 2026

B Fundamentals grade

American Eagle Outfitters Inc is a US-listed company in the apparel retail industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$30

Cash-flow model

Base case. Range ~$22–$39 across our lower- and higher-growth cases (1.9%–11.9% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 50% above it.

Price used: $19.75, November 2, 2026

American Eagle Outfitters Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 17 sales by directors and officers, last 12 monthsInsider trades
  • Funds152 adding, 210 cuttingOf 61 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter American Eagle Outfitters files

Where American Eagle Outfitters stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $5.75bn, up 9.2% on a year earlier, faster than the 7.2% growth a quarter earlier. Free-cash-flow margin rose to 6.0% from 2.9% a year earlier. Operating margin widened to 7.8% from 5.1%. The diluted share count is down 5.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 6 of our 6 financial-health checks. Our cash-flow model value is $29.25 a share, against a share price of $18.61. At that price, our model says the market is pricing in cash flow shrinking about 1.5% a year for five years, slower than the 2.8% a year revenue growth it has delivered.

Source: 10-Q filed September 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 1, 2026 (estimated)

American Eagle Outfitters Inc's trailing-twelve-month revenue grew 9.2% year on year, with a free-cash-flow margin of 6.0%. Where it stands out: change in share count of -5.7% ranks 3 of 27 apparel retail companies we cover. Where it lags: days sales outstanding of 16 days ranks 11 of 12 apparel retail companies we cover.

Our discounted-cash-flow model values the business at ~$30 per share in the base case (~$22–$39 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 126.5% while net income grew 70.9%: a 56pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $19.75 is 50% below our value per share of $30.
  • Shrinking share count. Diluted shares fell 5.7% in a year, so each share owns more of the business.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 52% and a beta of 1.2 against the S&P 500.
  • Insiders selling. 8 insiders sold $39M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Below peers: days sales outstanding. Days sales outstanding of 16 days ranks 11 of 12 apparel retail companies we cover (median 6 days).
  • Heavily shorted. 12.2% of the shares available to trade are sold short (3.0 days of average volume to cover).
  • Earnings expected to fall. The consensus expects earnings per share to fall 17% next year.

Latest results: FY2027 Q2

Filed September 10, 2026
Earnings per share
$0.79 against an average estimate of $0.22: beat by 259.1%
Revenue
$1.38bn, up 7.5% on a year earlier
Share reaction
-15.6% in the first session after the results on September 9, 2026, against -1.1% for the S&P 500
Guidance given
capital expenditures $250m to $260m (2026); operating income $540m to $550m (fiscal 2026)
Next report
December 1, 2026; average EPS estimate $0.50

American Eagle Outfitters' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.7%
  • 1 week+5.0%
  • 1 month+12.3%
  • This year-23.1%
  • 1 year+21.3%
  • 5 years-14.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.7B
Operating margin
7.8%
Net margin
5.9%
EPS (TTM, diluted)
$1.94

Growth

Revenue growth
+9.2%
Change in growth rate
+2.0 pts
Share count change
−5.7%

Cash

Free cash flow (TTM)
$343M
FCF margin
6.0%
Stock pay % of revenue
0.7%

Earnings

Last results
September 9, 2026
Next results (est.)
December 1, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Announcement
  4. Announcement
  5. Announcement
  6. Announcement
  7. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

American Eagle Outfitters Inc valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 1.1% a year for five years.That is close to the 2.8% a year revenue growth American Eagle Outfitters has delivered.

  • Priced in-1.1%
  • Last 12 months9.2%
  • 3 years a year4.6%
  • 5 years a year2.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($19.50, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$30
Price used
$19.50close November 3, 2026
Implied change
▲ +52%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of American Eagle Outfitters Inc's free cash flow after stock-based pay with after-tax interest added back ($229M, FY2027 Q2 TTM), growing 5.5% and 5.9% in the next two years (forecasts, guidance and its record), then back to 6.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$22–~$39 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of American Eagle Outfitters Inc's free cash flow after stock-based pay ( $229M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value American Eagle Outfitters Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$30 ~$22–$39 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$26 ~$22–$33 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$17 ~$13–$23 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$18 ~$16–$21 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$24 ~$17–$30 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare American Eagle Outfitters Inc with Apparel Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −17%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $20$27$37$49$65$86
8.5% $16$21$28$36$48$63
10% $13$17$22$29$37$49

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$10.92$11.28$14.00$17.12$12.18$19.33$19.54$14.02$19.11$15.23$22.82$19.75
Market value$2.1bn$2.1bn$2.5bn$3.0bn$2.1bn$3.2bn$4.0bn$2.9bn$3.8bn$3.0bn$4.0bn$3.4bn
+ Net debt (− = net cash)−$260m−$379m−$414m−$333m−$362m−$850m−$435m−$170m−$354m−$309m−$239m−$93m
Enterprise value$1.9bn$1.7bn$2.1bn$2.7bn$1.7bn$2.4bn$3.6bn$2.7bn$3.4bn$2.7bn$3.8bn$3.3bn
Multiples
Price / sales 0.6x0.6x0.7x0.8x0.5x0.9x0.8x0.6x0.7x0.6x0.7x0.6x
Price / earnings 9.8x9.8x12.3x11.6x10.9x—9.6x23.0x22.1x9.1x20.9x10.2x
Price / free cash flow 11.4x10.2x11.2x11.4x10.1x43.2x57.8x19.7x9.3x11.8x20.6x10.0x
EV / EBITDA 4.0x3.5x4.5x5.3x4.1x—4.7x5.9x7.4x4.1x8.4x5.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

55 /100

Moderate moat

How hard American Eagle Outfitters's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 15.7% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 36.9%, moving by 3.0 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.3%; its worst year was -7.0%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.0% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 3.8% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (60 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 1, 2026, after the close. Analysts expect revenue of $1.4bn and EPS of $0.50 (range $0.35 to $0.54) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.28 +109% $5.9bn +7%
Next $1.90 −17% $6.1bn +4%

Next year's EPS estimate has moved +4.2% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +33.1% on 90 days ago. In the last 30 days, 3 analysts raised American Eagle Outfitters Inc's forecast and 0 cut it.

Consensus EPS forecast American Eagle Outfitters Inc, last 90 days
$1.60 $1.80 $2.00 $2.20 $2.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.71 Current fiscal year, 60 days ago: $1.71 Current fiscal year, 30 days ago: $1.74 Current fiscal year, 7 days ago: $2.27 Current fiscal year, Now: $2.28 $2.28 Next fiscal year, 90 days ago: $1.82 Next fiscal year, 60 days ago: $1.82 Next fiscal year, 30 days ago: $1.82 Next fiscal year, 7 days ago: $1.89 Next fiscal year, Now: $1.90 $1.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.71$1.82
60 days ago $1.71$1.82
30 days ago $1.74$1.82
7 days ago $2.27$1.89
Now $2.28$1.90

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.22 $0.79 +259.1%
Apr 2026 $0.11 $0.14 +30.2%
Jan 2026 $0.72 $0.50 −30.2%
Oct 2025 $0.43 $0.53 +24.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 9, 2026
  • capital expenditures 2026 $250m to $260m
    “The company expects 2026 capital expenditures to be in the range of $250 to $260 million.” source
  • operating income fiscal 2026 $540m to $550m
    “Updates fiscal 2026 operating income guidance in the range of $540 to $550 million, inclusive of net tariff refund benefit” source
  • Depreciation and Amortization Fiscal Year 2026 Outlook about $215m
    “Approximately $215 M” source
  • Operating Income Third Quarter 2026 Outlook $110m to $115m
    “$110 M to $115 M” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows American Eagle Outfitters Inc's revenue by +5.5% next year and +5.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.7%, weight 65%) and the company's own record (+6.9%, weight 35%) . How the weights are set.

Analyst recommendations

14 analysts, Nov 2026
Buy17%
Hold1286%
Sell17%

Monthly trend

  1. Nov 2026112114
  2. Oct 2026112114
  3. Sep 2026111113

Counts of recommendations published by analysts covering American Eagle Outfitters Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.2%
of tradable shares
Days to cover
3.04
at average volume
Short interest, 1 month
−4%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
8.9%
of shares
Employees
10,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +21.3%

$16.28 on October 31, 2025 to $19.75

ThenNowEffect
Revenue (last 12 months) $5.3bn $5.7bn +9.2%
Net margin 3.7% 5.9% +56.6%
P/E multiple 15.2x 10.2x −33.1%
Share count 184m 174m +6.0%

Biggest factor: net margin.

Last 3 years +16.6%

$16.94 on November 3, 2023 to $19.75

ThenNowEffect
Revenue (last 12 months) $5.0bn $5.7bn +14.6%
Net margin 4.0% 5.9% +44.9%
P/E multiple 16.1x 10.2x −36.5%
Share count 192m 174m +10.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AEO+29%−43%+55%−19%+65%−23%
Industry peers (median)+70%−40%+5%+11%+6%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AEO58%25%67%33%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AEO−41%−61%−40%−37%−46%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 76% from August 21, 2018 to April 22, 2020. Getting back needed a 311% gain, reached on March 4, 2021, 316 days after the low.

Price behaviour

52-week range
$14.43 – $27.47
From 52-week high
−28.1%
vs 50-day average
+15.1%
vs 200-day average
+9.1%
Volatility (1 year)
52%
Beta vs S&P 500
1.19

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 10 down
typical move ±10.5%
After a week
3 up, 9 down
typical move ±12.1%
After a month
5 up, 7 down
typical move ±12.9%
Results releasedNext dayS&P 500 next day5 days21 days
September 9, 2026 −15.6% −1.1% −14.0% +4.4%
May 28, 2026 −10.0% +0.8% −5.1% −2.8%
March 4, 2026 −13.1% +0.1% −18.3% −24.3%
December 2, 2025 +12.8% +0.5% +12.5% +24.0%
September 3, 2025 +39.1% +1.4% +42.5% +25.5%
May 29, 2025 −1.2% +0.3% −8.6% −13.3%
May 13, 2025 −1.4% +0.8% −5.0% −16.6%
March 12, 2025 −4.4% −0.8% +3.7% −7.0%
December 4, 2024 −11.6% +0.5% −11.4% −13.6%
August 29, 2024 −5.2% +1.0% −13.0% +3.2%
May 29, 2024 −7.0% −1.4% −9.3% −16.5%
March 7, 2024 −4.9% +0.4% −1.6% +4.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How American Eagle Outfitters Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.23× the last 60 days’ realised volatility .
  • Calls are priced 4 points richer than puts (25-delta): demand for upside is high, which favours selling calls over puts.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

American Eagle Outfitters Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) American Eagle Outfitters Inc
$5B $5.2B $5.4B $5.6B $5.8B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $5.1B Revenue (TTM), FY24 Q4: $5.3B Revenue (TTM), FY25 Q1: $5.3B Revenue (TTM), FY25 Q2: $5.4B Revenue (TTM), FY25 Q3: $5.4B Revenue (TTM), FY25 Q4: $5.3B Revenue (TTM), FY26 Q1: $5.3B Revenue (TTM), FY26 Q2: $5.3B Revenue (TTM), FY26 Q3: $5.3B Revenue (TTM), FY26 Q4: $5.5B Revenue (TTM), FY27 Q1: $5.7B Revenue (TTM), FY27 Q2: $5.7B $5.7B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $5.1B
FY24 Q4 $5.3B
FY25 Q1 $5.3B
FY25 Q2 $5.4B
FY25 Q3 $5.4B
FY25 Q4 $5.3B
FY26 Q1 $5.3B
FY26 Q2 $5.3B
FY26 Q3 $5.3B
FY26 Q4 $5.5B
FY27 Q1 $5.7B
FY27 Q2 $5.7B
Revenue growth, TTM YoY American Eagle Outfitters Inc
-5% 0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 1.5% Revenue growth, TTM YoY, FY24 Q4: 5.4% Revenue growth, TTM YoY, FY25 Q1: 6.2% Revenue growth, TTM YoY, FY25 Q2: 7.9% Revenue growth, TTM YoY, FY25 Q3: 6.4% Revenue growth, TTM YoY, FY25 Q4: 1.3% Revenue growth, TTM YoY, FY26 Q1: -0.9% Revenue growth, TTM YoY, FY26 Q2: -2.7% Revenue growth, TTM YoY, FY26 Q3: -1.2% Revenue growth, TTM YoY, FY26 Q4: 4.1% Revenue growth, TTM YoY, FY27 Q1: 7.2% Revenue growth, TTM YoY, FY27 Q2: 9.2% 9.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 1.5%
FY24 Q4 5.4%
FY25 Q1 6.2%
FY25 Q2 7.9%
FY25 Q3 6.4%
FY25 Q4 1.3%
FY26 Q1 -0.9%
FY26 Q2 -2.7%
FY26 Q3 -1.2%
FY26 Q4 4.1%
FY27 Q1 7.2%
FY27 Q2 9.2%
Operating margin (TTM) American Eagle Outfitters Inc
4% 5% 6% 7% 8% 9% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 5.7% Operating margin (TTM), FY24 Q4: 4.2% Operating margin (TTM), FY25 Q1: 5.2% Operating margin (TTM), FY25 Q2: 5.8% Operating margin (TTM), FY25 Q3: 5.4% Operating margin (TTM), FY25 Q4: 8.0% Operating margin (TTM), FY26 Q1: 5.0% Operating margin (TTM), FY26 Q2: 5.1% Operating margin (TTM), FY26 Q3: 5.1% Operating margin (TTM), FY26 Q4: 4.1% Operating margin (TTM), FY27 Q1: 6.0% Operating margin (TTM), FY27 Q2: 7.8% 7.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 5.7%
FY24 Q4 4.2%
FY25 Q1 5.2%
FY25 Q2 5.8%
FY25 Q3 5.4%
FY25 Q4 8.0%
FY26 Q1 5.0%
FY26 Q2 5.1%
FY26 Q3 5.1%
FY26 Q4 4.1%
FY27 Q1 6.0%
FY27 Q2 7.8%
FCF margin (TTM) American Eagle Outfitters Inc
0% 5% 10% 15% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 11.4% FCF margin (TTM), FY24 Q4: 7.7% FCF margin (TTM), FY25 Q1: 7.2% FCF margin (TTM), FY25 Q2: 5.4% FCF margin (TTM), FY25 Q3: 3.6% FCF margin (TTM), FY25 Q4: 4.8% FCF margin (TTM), FY26 Q1: 4.0% FCF margin (TTM), FY26 Q2: 2.9% FCF margin (TTM), FY26 Q3: 2.9% FCF margin (TTM), FY26 Q4: 3.5% FCF margin (TTM), FY27 Q1: 3.3% FCF margin (TTM), FY27 Q2: 6.0% 6.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 11.4%
FY24 Q4 7.7%
FY25 Q1 7.2%
FY25 Q2 5.4%
FY25 Q3 3.6%
FY25 Q4 4.8%
FY26 Q1 4.0%
FY26 Q2 2.9%
FY26 Q3 2.9%
FY26 Q4 3.5%
FY27 Q1 3.3%
FY27 Q2 6.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar American Eagle Outfitters took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.5B
  2. Other income $29.6M · 0.5%
  3. Cost of revenue $3.5B · 63.5%
  4. Gross profit $2B · 36.5%
  5. Selling, general and admin $1.5B · 26.8%
  6. Other operating costs $314M · 5.7%
  7. Operating income $226M · 4.1%
  8. Income tax $63.9M · 1.2%
  9. Net income $192M · 3.5%

Shares of revenue. Source: American Eagle Outfitters's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Jan 2012 2013 Feb 2013 2014 Feb 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Jan 2026 LTM Aug 2026
Income
Revenue 2,940 2,945 3,120 3,476 3,306 3,283 3,522 3,610 3,796 4,036 4,308 3,759 5,011 4,990 5,262 5,329 5,547 5,750
Gross profit 1,173 1,182 1,145 1,390 1,114 1,155 1,303 1,367 1,371 1,488 1,522 1,148 1,992 1,745 2,025 2,089 2,025 2,331
EBITDA 450 481 410 523 275 298 469 490 472 508 415 −106 762 460 458 648 448 659
Operating income 310 340 269 395 141 156 320 331 303 337 233 −271 591 247 223 427 226 448
Net income 169 141 152 232 83 80 218 212 204 262 191 −209 420 125 170 329 192 337
Diluted EPS $0.81 $0.70 $0.77 $1.16 $0.43 $0.42 $1.11 $1.16 $1.13 $1.47 $1.12 −$1.26 $2.03 $0.64 $0.86 $1.68 $1.09 $1.94
Growth (year on year)
Revenue −0.3% +0.2% +5.9% +11.4% −4.9% −0.7% +7.3% +2.5% +5.1% +6.3% +6.8% −12.7% +33.3% −0.4% +5.4% +1.3% +4.1% +9.2%
EBITDA −11.6% +6.9% −14.8% +27.6% −47.4% +8.4% +57.2% +4.5% −3.6% +7.5% −18.3% −125.5% — −39.7% −0.4% +41.5% −30.8% +36.5%
Operating income −18.9% +9.4% −20.7% +46.5% −64.3% +10.4% +105.4% +3.6% −8.7% +11.3% −30.8% −216.3% — −58.2% −9.8% +91.9% −47.1% +68.2%
Net income −5.6% −16.8% +7.9% +53.0% −64.2% −3.2% +171.6% −2.6% −3.9% +28.3% −27.0% −209.4% — −70.2% +35.9% +93.7% −41.7% +70.9%
Diluted EPS −5.8% −13.6% +10.0% +50.6% −62.9% −2.3% +164.3% +4.5% −2.6% +30.1% −23.8% −212.5% — −68.5% +34.4% +95.3% −35.1% +81.2%
Margins
Gross margin 39.9% 40.1% 36.7% 40.0% 33.7% 35.2% 37.0% 37.9% 36.1% 36.9% 35.3% 30.5% 39.8% 35.0% 38.5% 39.2% 36.5% 40.5%
EBITDA margin 15.3% 16.3% 13.1% 15.0% 8.3% 9.1% 13.3% 13.6% 12.4% 12.6% 9.6% −2.8% 15.2% 9.2% 8.7% 12.2% 8.1% 11.5%
Operating margin 10.6% 11.5% 8.6% 11.4% 4.3% 4.7% 9.1% 9.2% 8.0% 8.4% 5.4% −7.2% 11.8% 5.0% 4.2% 8.0% 4.1% 7.8%
Net margin 5.7% 4.8% 4.9% 6.7% 2.5% 2.4% 6.2% 5.9% 5.4% 6.5% 4.4% −5.6% 8.4% 2.5% 3.2% 6.2% 3.5% 5.9%
Free-cash-flow margin 9.3% 11.4% 6.0% 11.7% −1.5% 2.8% 5.4% 5.7% 5.9% 6.6% 4.8% 2.0% 1.4% 2.9% 7.7% 4.8% 3.5% 6.0%
Cash flow
Cash from operations 400 410 278 500 230 338 342 366 394 457 415 202 304 406 581 477 456 599
Capital spending 127 76 89 94 278 245 153 161 169 189 210 128 234 260 174 223 261 256
Free cash flow 273 335 189 406 −49 93 189 204 225 268 205 75 70 146 406 254 195 343
Stock-based pay 35 25 12 66 −7 16 35 29 17 28 23 33 38 39 51 40 39 41
Free cash flow after stock pay 239 310 177 339 −42 77 154 175 208 240 182 42 32 107 355 215 156 302
Balance sheet
Cash 694 668 720 509 419 411 260 379 414 333 362 850 435 170 354 309 239 148
Total debt — — — — — — — — — — — — — — — — — 55
Net debt (negative = net cash) −694 −668 −720 −509 −419 −411 −260 −379 −414 −333 −362 −850 −435 −170 −354 −309 −239 −93
Diluted shares 210m 202m 196m 201m 194m 195m 196m 184m 180m 178m 171m 166m 207m 205m 197m 196m 176m 174m
Returned to shareholders
Dividends 83 183 86 403 72 97 97 91 89 97 93 23 114 65 84 96 85 84
Buybacks — 216 15 174 33 — 227 — 88 144 112 20 — 10 11 191 57 79
Total returned 83 399 101 577 105 97 324 91 176 242 205 43 114 75 94 287 142 163

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · August 1, 2026
What it owns · $4.3bn
Short-term assets $1.3bnLonger-term assets $2.9bn
What it owes, and who funded it · $2.6bn
Short-term liabilities $839mShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $839m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $148m of cash against $55m of debt.
  • Debt below 40% of shareholders' equity Debt is 3% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 24% to 3% over five years.
  • A year's operating cash flow covers at least 20% of debt $599m of operating cash flow against $55m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From American Eagle Outfitters Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$79.1M
Dividends (TTM)
$84.3M
Returned to shareholders
48%
of free cash flow
Buybacks, last 3 fiscal years
$258M
Diluted share count
−5.7%
year over year
Total shareholder yield
4.9%
dividends 2.5% + buybacks 2.4% of market value
Dividend payout ratio
25%
of net income paid out
Sales & admin spending
27.6%
of revenue
Days sales outstanding
16 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in apparel retail
Last 12 months unless stated AEO ANF URBN VSXY BURL GCO Median
Revenue, last 12 months $5.7bn $5.3bn $6.5bn $6.9bn $12.2bn $2.4bn $1.1bn
Revenue growth, last 12 months 9.2% 4.7% 11.0% 10.3% 10.9% 3.0% 4.2%
Revenue growth, 3-year average 4.6% 11.5% 9.4% 3.8% 10.3% 1.4% 0.9%
Revenue growth, latest quarter 7.5% 4.8% 10.4% 10.4% 11.0% −3.0% 4.4%
Gross margin 40.5% 64.7% 37.5% 39.6% 44.6% 47.5% 40.1%
Operating margin 7.8% 13.7% 11.3% 7.9% — 2.0% 2.0%
Operating margin, 3-year average 6.2% 14.2% 9.4% 5.6% — 0.9% 0.2%
Net margin 5.9% 10.0% 8.8% 5.5% 5.8% 1.7% 1.5%
Cash from operations / revenue 10.4% 15.3% 11.1% 11.0% 11.6% 5.5% 4.9%
Free-cash-flow margin 6.0% 10.6% 4.6% 8.0% 3.4% 3.0% 2.9%
Free-cash-flow margin, 3-year average 4.8% 9.7% 5.3% 5.0% 1.4% 2.4% 1.7%
Stock pay / revenue 0.7% 0.7% 0.5% 0.8% 1.0% 0.5% 0.7%
Change in share count −5.7% −9.8% −3.9% 4.0% −0.4% 1.9% −0.3%

Median of all 28 companies we cover in apparel retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

28 apparel retail companies
Measure Company Peer median Rank
Revenue growth Growth 9.2% 4.7% 9 of 28
Change in growth rate Growth +2.0pp -0.2pp 5 of 28
Gross margin Profitability 40.5% 40.5% 13 of 26
Operating margin Profitability 7.8% 1.9% 9 of 25
Net margin Profitability 5.9% 1.7% 9 of 28
Free-cash-flow margin Cash generation 6.0% 3.0% 10 of 28
Stock pay as % of revenue Cash generation 0.7% 0.7% 12 of 26
Long-term debt as % of assets Balance sheet 1.3% 11.6% 3 of 13
Change in share count Balance sheet -5.7% -0.3% 3 of 27
Days sales outstanding Balance sheet 16 days 6 days 11 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Geography
Region Revenue Share YoY
United States $4.6B 83.4% ▲ 3.0%
Outside the US $920M 16.6% ▲ 10.0%

From American Eagle Outfitters Inc's 10-K filed March 30, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.9B
Institutions reporting
342
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
50 / 71

Top buyers and sellers, Q2 2026: 152 institutions bought and 210 sold ; the biggest buyer was Citadel Advisors LLC (+3.3M shares) and the biggest seller Goldman Sachs Group Inc (−3.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $459M 26.7M 15.9% ▲ 6.6%
Vanguard Portfolio Management LLC $202M 11.8M 7.0% ▲ 13.7%
Dimensional Fund Advisors LP $176M 10.3M 6.1% ▲ 10.7%
State Street Corp $118M 6.9M 4.1% ▲ 3.2%
Vanguard Capital Management LLC $118M 6.8M 4.1% ▼ 0.2%
D. E. Shaw & Co., Inc. $114M 6.6M 3.9% ▲ 46.5%
American Century Companies Inc $110M 6.4M 3.8% ▼ 5.7%
Arrowstreet Capital, Limited Partnership $101M 5.9M 3.5% ▼ 7.5%
UBS Group AG $70.8M 4.1M 2.5% ▲ 12.4%
Geode Capital Management, LLC $69.7M 4.1M 2.4% ▲ 4.5%
Citadel Advisors LLC $67M 3.9M 2.3% ▲ 608.8%
LSV Asset Management $47.4M 2.8M 1.6% ▲ 139.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not American Eagle Outfitters Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $39.2M 17 trades by 8 insiders · 0% under pre-set plans
Net ▼ $39.2M net selling
Insider Date Trade Shares Price Value
Mcmillan Cary D Director October 6, 2026 Sell 3,617 $18.20 $65,829
Spiegel Noel Joseph Director October 2, 2026 Sell 3,617 $17.68 $63,930
Sable David M. Director July 17, 2026 Sell pre-set plan 5,779 $17.23 $99,572
Spiegel Noel Joseph Director July 7, 2026 Sell 2,892 $16.78 $48,528
Mcmillan Cary D Director July 7, 2026 Sell 2,892 $16.78 $48,528
Spiegel Noel Joseph Director April 6, 2026 Sell 2,887 $17.32 $50,003
Mcmillan Cary D Director April 6, 2026 Sell 2,887 $17.23 $49,743
Schottenstein Jay L Exec Chairman & CEO January 22, 2026 Sell 21,236 $26.23 $557,020
Schottenstein Jay L Exec Chairman & CEO January 21, 2026 Sell 527,343 $25.83 $13.6M
Spiegel Noel Joseph Director January 21, 2026 Sell 1,896 $25.67 $48,670
Schottenstein Jay L Exec Chairman & CEO January 20, 2026 Sell 500,000 $25.27 $12.6M
Mcmillan Cary D Director January 14, 2026 Sell 200 $26.20 $5,240

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in American Eagle Outfitters Inc disclosed in the last 12 months; 2 earlier trades on record.

  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded May 12, 2025, filed June 22, 2025
  • Jefferson Shreve(R-IN 6):Purchase, $15,001 - $50,000, traded May 8, 2025, filed June 22, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 1, 2026 estimated from the company's past filing pattern, not announced

  • September 9, 2026
  • May 28, 2026
  • March 4, 2026
  • December 2, 2025
  • September 3, 2025
  • May 29, 2025

Recent SEC filings

Data status

When each part of this page on American Eagle Outfitters Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

American Eagle Outfitters Inc in brief

What does American Eagle Outfitters Inc do?
American Eagle Outfitters Inc is a US-listed company in the apparel retail industry. Its financial year ends in January.
What is American Eagle Outfitters Inc's stock ticker?
American Eagle Outfitters Inc trades under the ticker AEO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is American Eagle Outfitters Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, American Eagle Outfitters Inc reported revenue of $5.7B, 9.2% higher than a year earlier, according to its SEC filings.
What is American Eagle Outfitters Inc's free cash flow?
American Eagle Outfitters Inc's free-cash-flow margin is 6.0% of revenue over the trailing twelve months, ranking 10 of the 28 apparel retail companies we cover.
What is American Eagle Outfitters Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of American Eagle Outfitters Inc's free cash flow after stock-based pay gives ~$30 per share in the base case, and ~$22–$39 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are American Eagle Outfitters Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is American Eagle Outfitters Inc buying back stock, and does it pay a dividend?
American Eagle Outfitters Inc spent $79.1M on share repurchases over the trailing twelve months, and its diluted share count fell 5.7% over the year.
What is American Eagle Outfitters Inc's market cap?
On November 2, 2026, American Eagle Outfitters Inc's market capitalisation was about $3.4B, with a price-to-earnings ratio of 10.2 and net debt of -$93M. Market figures come from third-party market data and may be delayed.
Does American Eagle Outfitters Inc pay a dividend?
Yes: American Eagle Outfitters Inc paid $84.3M in dividends over the trailing twelve months, a dividend yield of 2.55% and a payout ratio of 25.0%.
How much debt does American Eagle Outfitters Inc have?
American Eagle Outfitters Inc's debt-to-equity ratio is 3.1%, from its latest balance sheet (24.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are American Eagle Outfitters Inc's competitors?
In our Apparel Retail peer group, the companies closest to American Eagle Outfitters Inc are Abercrombie & Fitch Co, Urban Outfitters Inc, Victoria's Secret & Co., Burlington Stores, Inc. and Genesco Inc. The side-by-side comparison below sets their revenue, margins and growth against American Eagle Outfitters Inc's.
Are insiders buying or selling American Eagle Outfitters Inc stock?
Over the last 12 months, American Eagle Outfitters Inc's directors and officers reported 0 open-market purchases and 17 sales on Form 4. The insider trading page charts every trade.
When is American Eagle Outfitters Inc's next earnings date?
Around December 1, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — American Eagle Outfitters Inc announces its own schedule.