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Electronic Arts
Electronic Arts Reports Q3 FY26 Results
February 3, 2026
REDWOOD CITY, Calif. - Electronic Arts Inc. (NASDAQ: EA) today announced financial results for its fiscal third quarter ended December 31, 2025.
Net revenue was $1,901 million for the quarter, compared to $1,883 million for the prior year period, an increase of 1% year-over-year.
Net bookings for the quarter totaled $3,046 million, up 38% year-over-year from $2,215 million, driven by global football, Battlefield, and American football franchises. Battlefield 6 was the best-selling shooter title of 2025, setting new franchise engagement records.
Net income was $88 million, compared to $293 million for the prior year period. Diluted earnings per share was $0.35, compared to $1.11 for the prior year period.
Operating income was $127 million (GAAP), compared to $377 million for the prior year period, a decrease of 66% year-over-year.
Gross margin was 73.8%, down 2 percentage points year-over-year. Cost of revenue was $498 million versus $456 million prior year.
$704 million (vs. $606 million prior year)
$356 million (vs. $251 million prior year)
$199 million (vs. $176 million prior year)
$17 million (vs. $16 million prior year)
$1,276 million (vs. $1,050 million prior year), up 22% year-over-year.
Operating cash flow was $1,826 million for the quarter, compared to $1,176 million for the prior year period, up 55% year-over-year. Capital expenditures were $54 million. Free cash flow was $1,772 million.
Trailing Twelve Months (ended December 31, 2025):
$7,306 million (vs. $7,347 million prior year)
$680 million (vs. $1,049 million prior year)
$2,522 million, up 20% from $2,110 million
$632 million (up 6% YoY)
$1,269 million (down 1% YoY)
$1,182 million (down 3% YoY)
$465 million (up 19% YoY)
$254 million (down 8% YoY)
None in Q3.
Nine-month repurchases: $769 million, 15.1 million shares.
$0.19 per share, payable March 18, 2026.
$2,899 million.
Battlefield 6 was the best-selling shooter title of 2025, setting new franchise engagement records.
EA SPORTS FC net bookings increased high single digits year-over-year in Q3, excluding the benefit of deluxe edition content timing, driven by strength in Ultimate Team and FC Mobile.
Apex Legends momentum continued in Q3 with net bookings up double-digits year-over-year driven by innovative new features and events.
On September 29, 2025, EA announced a definitive agreement to be acquired by an investor consortium (PIF, Silver Lake, Affinity Partners) at an enterprise value of approximately $55 billion ($210 per share). EA stockholders approved the transaction on December 22, 2025, with approximately 99% of votes cast in favor. The transaction is expected to close in the first quarter of fiscal year 2027, subject to regulatory approvals and customary closing conditions.
Due to the pending acquisition, EA did not host an earnings conference call and will not provide forward guidance.