NASDAQ$EYE

National Vision Holdings Inc. · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

National Vision reported Q3 2025, revenue of $487.3M, net income of $3.4M, diluted EPS of $0.04.

For Q3 2025, National Vision reported revenue of $487.3M, net income of $3.4M, diluted EPS was $0.04. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $487.3M.
  • Net income $3.4M.
  • Diluted EPS $0.04.

Headline financials

Total Revenue

$487M

Previous: $452M+7.9%
EPS (adj)

$0.04

Previous: -$0.11+136.4%
Comparable Store Sales Growth

6.8%

Previous: 1.4%+385.7%
Adjusted Comparable Store Sales Growth

7.7%

Previous: 0.9%+755.6%
Adjusted Operating Income

$19.8M

Previous: $14.3M+38.6%
Adjusted Operating Margin

4.1%

Previous: 3.2%+28.1%
Adjusted EBITDA

$41.8M

Previous: $36.6M+14.3%
Adjusted EBITDA Margin

8.6%

Previous: 8.1%+6.2%
Adjusted SG&A % of Net Revenue

49.7%

Previous: 49.8%-0.2%
Capital Expenditures

-$48.4M

Previous: -$63.5M+23.7%
Net Income

$3.37M

Previous: -$8.47M+139.8%
Operating Income

$9.81M

Previous: -$8.82M+211.2%
Gross Profit

$284M

Previous: -$190M+249.9%

Revenue & EPS history

National Vision · Revenue · Quarterly

$487M

Q3 2025+7.9%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

National Vision · $532M total across 2 segments · Q3 2023

  • Net Product Sales
    $436M+6.1%
  • Services and Plans
    $96.8M+9.4%

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

54%

21 / 39 earnings

Positive

+16.9%

Q1 2025

Best reaction

-38.8%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%-0.1%+9.9%
Q4 2025+9.1%+0.6%-11.0%
Q3 2025-3.6%-5.7%+14.4%
Q1 2025+16.9%+40.7%+57.8%
Q4 2024+11.6%+10.7%+12.1%
Q3 2024-4.7%-3.1%-8.0%
Q2 2024-21.6%-26.1%-30.7%
Q1 2024-15.2%-16.4%-19.3%
Q4 2023+14.7%+17.9%+11.0%
Q3 2023+9.4%+14.1%+11.5%
Q2 2023-5.9%-8.4%-19.5%
Q1 2023+5.9%+4.7%+14.7%
Q4 2022-38.8%-40.1%-49.6%
Q3 2022+12.7%+12.8%+5.3%
Q2 2022+9.2%+13.7%+12.7%
Q1 2022-31.5%-22.3%-17.8%
Q4 2021-4.7%+0.8%+16.4%
Q3 2021-16.4%-22.3%-23.8%
Q2 2021-0.8%+1.0%+7.8%
Q1 2021+6.5%+6.3%+2.9%
Q3 2020+2.5%+6.4%-2.1%
Q2 2020-1.8%+3.8%+16.1%
Q1 2020+10.0%+2.2%+32.5%
Q4 2019+4.0%+7.4%-41.1%
Q3 2019+11.8%+8.8%+23.8%
Q2 2019+8.2%+7.9%-4.8%
Q1 2019+3.3%+2.3%-1.5%
Q4 2018-1.4%-3.1%-7.7%
Q3 2018-1.7%-7.8%-27.8%
Q2 2017-8.4%-7.5%+2.6%
Q2 2018-8.4%-7.5%+2.6%
Q1 2018+2.3%+6.4%+10.4%
Q1 2016-2.2%-3.1%-6.9%
Q2 2016-2.2%-3.1%-6.9%
Q4 2017-2.2%-3.1%-6.9%
Q3 2016+1.8%+7.9%+19.4%
Q1 2017+1.8%+7.9%+19.4%
Q3 2017+1.8%+7.9%+19.4%
Q4 2016+1.8%+7.9%+19.4%

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