GameStop Corp.GME
GameStop Corp. Segments Disclosure
Segment Information
Effective May 4, 2025, we operate our business in three geographic segments: United States, Australia and Europe. During the second quarter of fiscal 2025, we divested our operations in Canada, which previously comprised a fourth separate reporting segment.
We identified segments based on a combination of geographic areas and management responsibility. Segment results for the United States include retail operations in 50 states; our ecommerce website www.gamestop.com; and our GameStop Pro® loyalty program. The United States segment also includes general and administrative expenses related to our corporate offices in Grapevine, Texas. Segment results for Canada include retail and ecommerce operations we previously had in Canada. Segment results for Australia include retail and ecommerce operations in Australia and New Zealand. During the fourth quarter of fiscal 2025, we closed down our store operations in New Zealand. Current year segment results for Europe include retail and ecommerce operations in France. Our segment results for Europe also previously included retail operations in Italy, Germany, Austria, Ireland, and Switzerland.
Our chief operating decision makers (“CODM”) are our Chief Executive Officer and our Principal Financial and Accounting Officer, who have responsibility for allocating resources and assessing performance for the operating segments. Our CODM measures segment profit using operating income (loss), which is defined as net income (loss) from operations before interest income, net, income tax expense (benefit), and loss (gain) on digital assets and related receivables.
Transactions between our reportable segments consist primarily of royalties, management fees, intersegment loans and related interest. There were no material intersegment sales during fiscal 2025, 2024, and 2023. Information on total assets by segment is not disclosed as such information is not used by our CODM to evaluate segment performance or to allocate resources and capital.
The following tables present segment information:
| United States | Canada | Australia | Europe | Total | ||||||||||||||||||||||||||||
| As of and for the Fiscal Year Ended January 31, 2026 | ||||||||||||||||||||||||||||||||
| Net sales | $ | 2,667.6 | $ | 38.2 | $ | 494.7 | $ | 429.4 | $ | 3,629.9 | ||||||||||||||||||||||
| Cost of sales | 1,752.2 | 28.2 | 336.0 | 317.4 | 2,433.8 | |||||||||||||||||||||||||||
| Gross Profit | 915.4 | 10.0 | 158.7 | 112.0 | 1,196.1 | |||||||||||||||||||||||||||
| Selling, general and administrative expenses: | 631.1 | 13.9 | 149.1 | 116.1 | 910.2 | |||||||||||||||||||||||||||
| Store related | 514.1 | 11.3 | 121.7 | 108.2 | 755.3 | |||||||||||||||||||||||||||
| Other | 117.0 | 2.6 | 27.4 | 7.9 | 154.9 | |||||||||||||||||||||||||||
| Asset impairments | 1.1 | 18.3 | 5.0 | 29.4 | 53.8 | |||||||||||||||||||||||||||
| Operating income (loss) | 283.2 | (22.2) | 4.6 | (33.5) | 232.1 | |||||||||||||||||||||||||||
Interest income | (271.5) | |||||||||||||||||||||||||||||||
| Loss on digital assets and related receivables | 131.6 | |||||||||||||||||||||||||||||||
| Other income, net | (12.0) | |||||||||||||||||||||||||||||||
| Income before income taxes | 384.0 | |||||||||||||||||||||||||||||||
| Income tax benefit | (34.4) | |||||||||||||||||||||||||||||||
| Net income | 418.4 | |||||||||||||||||||||||||||||||
| Property and equipment, net | 32.6 | — | 15.7 | — | 48.3 | |||||||||||||||||||||||||||
| Capital expenditures | 12.0 | 0.1 | 5.0 | 0.4 | 17.5 | |||||||||||||||||||||||||||
| United States | Canada | Australia | Europe | Total | ||||||||||||||||||||||||||||
| As of and for the Fiscal Year Ended February 1, 2025 | ||||||||||||||||||||||||||||||||
| Net sales | $ | 2,575.7 | $ | 204.3 | $ | 404.9 | $ | 638.1 | $ | 3,823.0 | ||||||||||||||||||||||
| Cost of sales | 1,803.2 | 152.6 | 277.6 | 475.7 | 2,709.1 | |||||||||||||||||||||||||||
| Gross Profit | 772.5 | 51.7 | 127.3 | 162.4 | 1,113.9 | |||||||||||||||||||||||||||
| Selling, general and administrative expenses: | 737.2 | 61.7 | 139.2 | 192.3 | 1,130.4 | |||||||||||||||||||||||||||
| Store related | 631.5 | 51.5 | 122.4 | 162.8 | 968.2 | |||||||||||||||||||||||||||
| Other | 105.7 | 10.2 | 16.8 | 29.5 | 162.2 | |||||||||||||||||||||||||||
| Asset impairments | 1.4 | — | — | 8.3 | 9.7 | |||||||||||||||||||||||||||
| Operating income (loss) | 33.9 | (10.0) | (11.9) | (38.2) | (26.2) | |||||||||||||||||||||||||||
Interest income | (163.4) | |||||||||||||||||||||||||||||||
| Income before income taxes | 137.2 | |||||||||||||||||||||||||||||||
| Income tax expense | 5.9 | |||||||||||||||||||||||||||||||
| Net income | 131.3 | |||||||||||||||||||||||||||||||
| Property and equipment, net | 39.4 | 1.3 | 16.3 | 11.2 | 68.2 | |||||||||||||||||||||||||||
| Capital expenditures | 10.1 | 1.0 | 3.2 | 1.8 | 16.1 | |||||||||||||||||||||||||||
| United States | Canada | Australia | Europe | Total | ||||||||||||||||||||||||||||
| As of and for the Fiscal Year Ended February 3, 2024 | ||||||||||||||||||||||||||||||||
| Net sales | $ | 3,429.4 | $ | 292.5 | $ | 522.5 | $ | 1,028.4 | $ | 5,272.8 | ||||||||||||||||||||||
| Cost of sales | 2,590.5 | 226.6 | 372.9 | 788.6 | 3,978.6 | |||||||||||||||||||||||||||
| Gross Profit | 838.9 | 65.9 | 149.6 | 239.8 | 1,294.2 | |||||||||||||||||||||||||||
| Selling, general and administrative expenses: | 838.2 | 74.3 | 152.9 | 258.5 | 1,323.9 | |||||||||||||||||||||||||||
| Store related | 708.4 | 61.8 | 135.2 | 222.0 | 1,127.4 | |||||||||||||||||||||||||||
| Other | 129.8 | 12.5 | 17.7 | 36.5 | 196.5 | |||||||||||||||||||||||||||
| Asset impairments | 3.0 | — | 0.2 | 1.6 | 4.8 | |||||||||||||||||||||||||||
| Operating loss | (2.3) | (8.4) | (3.5) | (20.3) | $ | (34.5) | ||||||||||||||||||||||||||
Interest income | (49.5) | |||||||||||||||||||||||||||||||
| Other expense, net | $ | 1.9 | ||||||||||||||||||||||||||||||
| Income before income taxes | 13.1 | |||||||||||||||||||||||||||||||
| Income tax expense | 6.4 | |||||||||||||||||||||||||||||||
| Net income | 6.7 | |||||||||||||||||||||||||||||||
| Property and equipment, net | 56.8 | 1.7 | 19.8 | 16.6 | $ | 94.9 | ||||||||||||||||||||||||||
| Capital expenditures | 21.5 | 0.2 | 7.8 | 5.4 | $ | 34.9 | ||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 24, 2026 | Showing above |
| 2025 | Mar 25, 2025 | |
| 2024 | Mar 26, 2024 | |
| 2023 | Mar 28, 2023 | |
| 2022 | Mar 17, 2022 | |
| 2021 | Mar 23, 2021 | |
| 2020 | Mar 27, 2020 | |
| 2019 | Apr 2, 2019 | |
| 2018 | Apr 2, 2018 | |
| 2017 | Mar 27, 2017 | |
| 2016 | Mar 28, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.