Value Line Reports Higher Fiscal 2026 Earnings, Raises Dividend for 12th Straight Year
Key Takeaways
- •Net income for fiscal 2026 increased to $21.63 million, or $2.30 per share, from $20.69 million, or $2.20 per share, in fiscal 2025.
- •Receipts from Value Line’s non-voting revenues and profits interests in EAM rose 3.6% to $18.97 million.
- •Total investment gains climbed 98.5% to $6.428 million from $3.238 million a year earlier.
- •Value Line declared a $0.35 quarterly dividend in April 2026, extending its streak of annual dividend increases to 12 years.
- •Retained earnings, liquid assets, and shareholders’ equity all increased year over year at April 30, 2026.

NEW YORK, July 29, 2026 (GLOBE NEWSWIRE) -- Value Line, Inc. (NASDAQ: VALU) reported results for the fiscal year ended April 30, 2026.
For the 12 months ended April 30, 2026, net income was $21,630,000, or $2.30 per share, up 4.6% from net income of $20,686,000, or $2.20 per share, in the fiscal year ended April 30, 2025. Receipts from the company’s non-voting revenues interest in EAM and non-voting profits interest in EAM totaled $18,970,000, an increase of $652,000, or 3.6%, from the prior fiscal year. Total investment gains were $6,428,000, compared with $3,238,000 a year earlier, an increase of $3,190,000, or 98.5%.
Total dividends declared during fiscal 2026 were $1.325 per share. In April 2026, the company declared a quarterly dividend of $0.35 per share, marking the 12th consecutive year of increases for the 95-year-old investment research company. At the new quarterly rate, the annual dividend will be $1.40 per share. Based on the closing stock price on April 30, 2026, the dividend yield was approximately 4.0%.
Retained earnings at April 30, 2026, were $122,578,000, up 8.1% from April 30, 2025. Liquid assets rose 11.7% to $86,466,000 from $77,448,000 a year earlier. Shareholders’ equity increased 8.2% to $107,890,000 from $99,678,000 at April 30, 2025. For a company whose business centers on subscription-based investment research and recurring revenue streams, those balance-sheet gains help frame the year’s earnings improvement alongside the dividend increase.
The company said its annual report on Form 10-K has been filed with the SEC and is available on its website at www.valueline.com/About/corporate_filings.aspx. Shareholders may request a printed copy free of charge by writing to the company at the address above, Attn: Corporate Secretary.
Value Line said it is a leading provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity research. The company publishes proprietary investment research in print and digital formats.
Value Line’s products include Value Line Select; The Value Line Special Situations Service; Value Line Select ETFs; Value Line Select: Dividend Income \u0026 Growth; The Value Line ETFs Service; The Value Line M\u0026A Service; Value Line Information You Should Know; The Value Line Climate Change Investing Service; The Value Line Options Survey; The Value Line Fund Adviser Plus; The Value Line Investment Survey–Small \u0026 Mid Cap; The Value Line 600; The Value Line Investment Survey–Selection \u0026 Opinion; The Value Line Investment Survey–Smart Investor; The Value Line Investment Survey–Small Cap Investor; The Value Line Investment Survey–Savvy Investor; The Value Line Investment Survey–Investor 900; The Value Line Investment Survey–Investor 600; The Value Line Investment Survey–Investor 2400; The Value Line Investment Analyzer; Value Line Investment Analyzer Plus; Value Line Research Center; and Value Line Equity Research Center.
Value Line said its products are available to individual investors by mail, at www.valueline.com, or by calling 1-800-VALUELINE (1-800-825-8354). Institutional services for professional investors, advisors, corporate, academic, and municipal libraries are available at www.ValueLinePro.com and www.ValueLineLibrary.com, or by calling 1-800-531-1425.
In a cautionary statement regarding forward-looking information, Value Line said that references to “Value Line,” “we,” “us,” and “our” refer to Value Line, Inc. and that “the Company” refers to Value Line and its subsidiaries unless the context otherwise requires.
The company said the report contains statements that are predictive in nature and depend on or refer to future events or conditions, including certain projections and business trends, and that such statements are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Value Line said actual results may differ materially from those projected because of risks and uncertainties including, among other things, maintaining revenue from subscriptions for its digital and print published products; changes in investment trends and economic conditions, including global financial issues; changes in Federal Reserve policy affecting interest rates and liquidity and the resulting effects on equity markets; stability of the banking system; continuation of orderly markets for equities and corporate and governmental debt securities; problems protecting intellectual property rights and confidential information; dependence on non-voting revenues and non-voting profits interests in EULAV Asset Management (“EAM” or “EAM Trust”); fluctuations in EAM’s and third-party copyright assets under management; possible changes in the valuation of EAM’s intangible assets; possible changes in future revenues or collection of receivables from significant customers; dependence on key executive and specialist personnel of significant suppliers and other firms; risks associated with outsourcing; increased tariffs and other restrictions affecting the cost and availability of materials and equipment; competition in publishing, copyright and investment management; government regulation; federal and/or state legislative changes; the availability of free or low-cost investment information through discount brokers or over the internet; the economic and other impacts of present and future global political and military conflicts; continued availability of dependable energy supplies, transportation facilities, digital data and telephone transmission infrastructure; terrorist attacks, cyber attacks and natural disasters; the need for changes in business plans because of unexpected events; widespread illnesses; changes in prices and availability of materials and services such as financial data, freight and postage; catastrophic computer problems associated with legacy software systems; inadequacy of insurance coverage; vendor consolidation; and other risks described in Part I, Item 1A, “Risk Factors” of the company’s Annual Report on Form 10-K for the year ended April 30, 2026.
The company said these factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any forward-looking statements. It added that other unknown or unpredictable factors could also have material adverse effects on future results, and that changes in its plans, objectives, strategies, or intentions could have material favorable or adverse effects. Except as otherwise required by SEC rules, Value Line said it has no duty to update these statements and undertakes no obligation to publicly update or revise any forward-looking statements.
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Contact: Howard A. Brecher, Value Line, Inc., 212-907-1500