How Descartes Systems Group makes money

Period

FY2026

How does Descartes Systems Group make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Descartes Systems Group Inc. (The) · FY2026 · year ended 2026-01-31

Revenue$729MGross profit$562M · 77%Cost of revenue$167M · 23%Operating income$210M · 29%Operating expenses$352M · 48%R&D$105M · 14%SG&A$72M · 10%Selling & marketing$83M · 11%Other opex$92M · 13%Pre-tax income$217M · 30%Other income$7M · 1%Net income$164M · 22%Income tax$53M · 7%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.