# ePlus inc. (PLUS)

> Source: Nexqual · https://nexqual.com/PLUS · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, ePlus inc. (PLUS), nexqual.com/PLUS" · informational, not investment advice.

**Price:** USD 95.49 (+0.35% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 95.16 · day 94.56–97.78 · 52w 70.96–98.21 · market cap $2.49B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.45B, net income $125M (5.1% margin) (SEC filings).
- Valuation: P/E 19.9x (avg 16.1x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (1 analysts), mean target USD 111 (range 111–111).
- Total return with dividends: 1Y +34.7% vs S&P 500 +14.8%; 5Y +75.5% vs S&P 500 +79.1%.
- Next earnings: 2026-11-05, EPS estimate USD 1.47, revenue estimate $636M. All companies reporting that day: https://nexqual.com/earnings/2026-11-05
- Dividend: USD 1.08 a year (yield 1.13%), paid quarterly; latest ex-dividend date 2026-08-25.
- Short interest: 6.79% of float (as of 2026-10-15), 6.0 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.82B | $2.07B | $2.18B | $2.00B | $2.44B | $2.45B |
| Gross profit | $461M | $518M | $512M | $512M | $616M | — |
| Operating income | $147M | $166M | $134M | $99.7M | $166M | $169M |
| Net income | $106M | $119M | $118M | $105M | $133M | $125M |
| EPS (diluted) | $3.93 | $4.48 | $4.41 | $3.93 | $5.03 | — |
| Free cash flow | — | — | $241M | $297M | -$121M | — |
| Gross margin | 25.3% | 25.0% | 23.5% | 25.6% | 25.2% | — |
| Operating margin | 8.1% | 8.0% | 6.1% | 5.0% | 6.8% | 6.9% |
| Net margin | 5.8% | 5.8% | 5.4% | 5.2% | 5.4% | 5.1% |
| Revenue growth | +16.1% | +13.5% | +5.3% | -8.2% | +22.1% | — |
| Cash + short-term investments | $155M | $103M | $253M | $389M | $411M | — |
| Total debt | $5.8M | $9.5M | $12.9M | $38.8M | — | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 19.9x · P/S 1.0x · P/B 2.3x · Earnings yield 5.03% · Dividend yield (paid, TTM) 1.07% · Buyback yield (TTM) 2.12%
P/E at fiscal year-ends: Mar 2026 15.0x, Mar 2025 15.6x, Mar 2024 17.8x.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 1 analysts; mean target USD 111 (low 111, high 111).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +34.7% | +75.5% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | +34.9% | +11.9% |
| Volatility (annualized) | 33.0% | 34.1% |
| Max drawdown | -20.6% (Dec 2025→Mar 2026) | -42.9% (Oct 2024→Mar 2025) |

## Dividends
Annual dividend rate USD 1.08 per share, yield 1.13% at the current price. Paid over the last 12 months: USD 1.04 in 4 payments (quarterly).
Most recent ex-dividend date: Aug 25, 2026; payment date: Sep 16, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Latest change: raised 8.0% to USD 0.27 per payment from USD 0.25, starting with the Jun 17, 2026 ex-dividend date.
Payout ratio 22% of earnings.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-08-25 | USD 0.27 |
| 2026-06-17 | USD 0.27 |
| 2026-02-24 | USD 0.25 |
| 2025-11-25 | USD 0.25 |
| 2025-08-26 | USD 0.25 |
Total by calendar year: 2025 USD 0.50.

## Short interest
1,465,713 shares sold short, 6.79% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 1,412,756 shares (+3.7%). Days to cover: 6.0 (short shares ÷ average daily volume).

## Peers (Software - Application)
CVLT (Commvault Systems, Inc.) USD 171.61 +3.09% · APPF (AppFolio, Inc.) USD 207.05 +1.00% · TTAN (ServiceTitan, Inc.) USD 80.73 -0.16% · DSGX (The Descartes Systems Group Inc) USD 92.03 -0.36% · YMM (Full Truck Alliance Co. Ltd.) USD 8.09 +0.12% · IDCC (InterDigital, Inc.) USD 334.27 +4.28%

## More
Full page: https://nexqual.com/PLUS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Financing Reporting Unit | $649.0M | 100.0% | +1.0% |
| — Product Reporting Unit (part of Financing Reporting Unit) | $529.6M | 81.6% | +0.6% |
| — Professional Services Reporting Unit (part of Financing Reporting Unit) | $68.1M | 10.5% | -5.1% |
| — Managed Services Reporting Unit (part of Financing Reporting Unit) | $51.3M | 7.9% | +15.1% |
| All Other Segments | $127,000 | 0.0% | +14.4% |
| Total revenue | $649.1M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Technology Reporting Unit | $649.0M | 100.0% | +1.0% |
| — Product (part of Technology Reporting Unit) | $529.7M | 81.6% | +0.6% |
| — Service (part of Technology Reporting Unit) | $119.4M | 18.4% | +2.6% |
| Total revenue | $649.1M | 100% | — |

## Revenue by region (fiscal year ended 2026-03-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $2.35B | 96.2% | +22.7% |
| Non Us | $92.7M | 3.8% | +8.6% |
| Total revenue | $2.44B | 100% | — |

## Customer concentration

Period ended 2026-03-31: 29%, 24% of revenue from unnamed direct customers (10-K, filed 2026-05-28).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.47 | $1.53 | -4.2% | $636.1M | 2 |
| Next quarter (ends 2026-12-31) | $1.53 | $1.51 | +1.3% | $656.8M | 2 |
| Current fiscal year (ends 2027-03-31) | $5.47 | $5.33 | +2.7% | $2.56B | 2 |
| Next fiscal year (ends 2028-03-31) | $5.96 | $5.80 | +2.6% | $2.68B | 2 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $1.28 | $1.15 | Beat +11.3% | — |
| — | Quarter ended Mar 31, 2026 | $1.00 | $0.98 | Beat +2.0% | — |
| — | Quarter ended Dec 31, 2025 | $1.45 | $1.01 | Beat +43.6% | — |
| — | Quarter ended Sep 30, 2025 | $1.53 | $0.95 | Beat +61.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-09-14 | 8-K | Bylaws or fiscal-year change; Shareholder vote results | https://www.sec.gov/Archives/edgar/data/1022408/000102240826000084/0001022408-26-000084-index.htm |
| 2026-08-07 | Schedule 13G/A | River Road Asset Management, LLC: 4.5% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1022408/000134140126000019/0001341401-26-000019-index.htm |
| 2026-08-04 | 8-K | Quarterly results; Other material event — “On August 4, 2026, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.27 per common share to be paid on September 16, 2026, to all shareholders of record as of the close of business on August 25, 2026.” | https://www.sec.gov/Archives/edgar/data/1022408/000114036126031282/0001140361-26-031282-index.htm |
| 2026-08-04 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1022408/000114036126031274/0001140361-26-031274-index.htm |
| 2026-07-24 | DEFA14A | Additional proxy material | https://www.sec.gov/Archives/edgar/data/1022408/000114036126029600/0001140361-26-029600-index.htm |
| 2026-07-24 | DEF 14A | Proxy statement (pay, board, votes) · period ended Sep 10, 2026 | https://www.sec.gov/Archives/edgar/data/1022408/000114036126029593/0001140361-26-029593-index.htm |
| 2026-07-14 | Schedule 13G | Dimensional Fund Advisors LP: 5.2% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1022408/000035420426000826/0000354204-26-000826-index.htm |
| 2026-07-06 | 8-K | Director or executive officer change, or pay arrangement — “(d) On July 6, 2026, pursuant to Article III of the Amended and Restated Bylaws of ePlus inc. (the "Company"), the Board of Directors (the "Board") of the Company increased the size of the Board from eight to nine directors and appointed John M. Lutz, 64, to the Board, filling the vacancy. Mr. Lutz's term will continue until the Company's next Annual Meeting of Shareholders and until his successor is elected and qualified. Mr. Lutz was also appointed to both the Audit Committee and the Compensation Committee of…” | https://www.sec.gov/Archives/edgar/data/1022408/000102240826000064/0001022408-26-000064-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.