Key Highlights

  • Gross billings increased 4.3 percent to $1,066.8 million.
  • Gross profit rose 11.2 percent to $180.3 million.
  • Gross Margin was 27.0 percent, compared with 26.6 percent a year earlier.
  • The company reported record gross billings in the period, according to management.

ePlus inc. (NASDAQ:PLUS), a provider of technology solutions, announced results for the three and six months ended September 30, 2026, which constitute its second quarter of fiscal 2027. Gross billings increased 4.3 percent to $1,066.8 million, and Gross Profit rose 11.2 percent to $180.3 million. Management said the company delivered improved profitability and that record gross billings surpassed the prior year's record.

Gross Billings and Profit Growth

Gross profit grew faster than gross billings, which means the company earned a larger share of billings as gross profit this year. Gross margin was 27.0 percent, compared with 26.6 percent in the second quarter of fiscal 2026, a gain of about 40 basis points.

The gap between the 4.3 percent billings increase and the 11.2 percent gross profit increase shows that the mix or pricing of the sales generated higher profit per dollar billed.

Management Commentary and Context

Management described the second quarter as one in which the company delivered top-line growth and advanced against key metrics. The chief executive's comments emphasize record billings and improved profitability. Those statements reflect management's characterization of the period, and the reported figures are the measurable basis for assessing it.

Because gross billings include pass-through amounts from technology sales, growth in billings does not translate directly into revenue. Gross profit is therefore the more reliable indicator of how much economic value the company retained from its sales.

Sector Context and What to Watch

Technology solutions providers resell hardware, software and services to enterprises, and their results depend on customer IT spending cycles and vendor pricing. Gross margin in this category is typically low, so small changes in mix can produce noticeable shifts in gross profit.

Final Takeaways

ePlus reported gross billings of $1,066.8 million and gross profit of $180.3 million, with gross margin improving to 27.0 percent. The gross profit gain outpaced billings growth, which points to a better return per dollar billed. The third quarter results will show whether that margin improvement holds.