Barnes & Noble Education, Inc. (BNED) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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BNED Revenue Growth
Revenue Breakdown (FY 2025)
BNED's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
BNED Revenue Analysis (2014–2025)
As of May 8, 2026, Barnes & Noble Education, Inc. (BNED) generated trailing twelve-month (TTM) revenue of $1.68 billion, reflecting solid growth of +7.0% year-over-year. The most recent quarter (Q2 2026) recorded $644.4 million in revenue, up 123.6% sequentially.
Looking at the longer-term picture, BNED's 5-year compound annual growth rate (CAGR) stands at -2.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $2.20 billion in 2018.
Revenue diversification analysis shows BNED's business is primarily driven by Course Materials Product (70%), General Merchandise Product (24%), and Service and Other (6%). With over half of revenue concentrated in Course Materials Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including CHGG (-43.5% YoY), PRDO (+17.7% YoY), and VSCO (+3.0% YoY), BNED has underperformed the peer group in terms of revenue growth. Compare BNED vs CHGG →
BNED Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BNEDCurrent | $1.7B | +7.0% | -2.7% | 1.0% | |
 CHGG | $377M | -43.5% | -10.2% | -16.8% | |
 PRDO | $846M | +17.7% | +4.2% | 23.2% | |
 VSCO | $6.2B | +3.0% | -3.7% | 5.0% | |
 STRA | $1.3B | +3.0% | +4.3% | 15.5% | |
 LOPE | $1.1B | -22.0% | +5.6% | 27.5% |
BNED Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.61B | +2.7% | $337.8M | 21.0% | $15.9M | 1.0% |
| 2024 | $1.57B | +1.6% | $344.9M | 22.0% | $-33,796,000 | -2.2% |
| 2023 | $1.54B | +3.2% | $349.4M | 22.6% | $-66,446,000 | -4.3% |
| 2022 | $1.50B | +6.3% | $342.8M | 22.9% | $-60,615,000 | -4.1% |
| 2021 | $1.41B | -24.0% | $230.3M | 16.4% | $-168,762,000 | -12.0% |
| 2020 | $1.85B | -9.0% | $442.5M | 23.9% | $-42,783,000 | -2.3% |
| 2019 | $2.03B | -7.7% | $527.7M | 25.9% | $-27,654,000 | -1.4% |
| 2018 | $2.20B | +17.6% | $557.2M | 25.3% | $-262,703,000 | -11.9% |
| 2017 | $1.87B | +3.7% | $459.1M | 24.5% | $13.6M | 0.7% |
| 2016 | $1.81B | +2.0% | $454.7M | 25.1% | $4.6M | 0.3% |
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Start ComparisonBNED — Frequently Asked Questions
Quick answers to the most common questions about buying BNED stock.
Is BNED's revenue growth accelerating or slowing?
BNED maintains +7.0% revenue growth, in line with its 5-year CAGR of -2.7%. TTM revenue stands at $1.7B. Growth rate remains consistent with historical average.
What is BNED's long-term revenue growth rate?
Barnes & Noble Education, Inc.'s 5-year revenue CAGR of -2.7% reflects the sustained expansion pattern. Current YoY growth of +7.0% is near this long-term average.
How is BNED's revenue distributed by segment?
BNED reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.