How National Vision Holdings makes money

Period

FY2025

How does National Vision Holdings 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.

National Vision Holdings Inc. · FY2025 · year ended 2026-01-03

Revenue$2.0BGross profit$2.0B · 100%Cost of revenue$0 · 0%Operating income$59M · 3%Operating expenses$1.9B · 97%SG&A$1.0B · 51%Other opex$912M · 46%Pre-tax income$42M · 2%Other expense$17M · 1%Net income$30M · 1%Income tax$12M · 1%

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.