At a glance
Agilysys Inc is worth $3.25B, about 84 times its fiscal 2026 earnings. Revenue grew 15.9% to $319.3M in fiscal 2026, with 12.1% kept as profit; over 5 years it has grown 18.4% a year. It pays no dividend. The stock returned −18.4% over the past year with dividends reinvested and +21.9% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 63.6% in the 2020 crash (S&P 500: 33.7%) and 27.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 2 months after the lows.
The business in plain English
Agilysys makes software that runs hospitality businesses: hotels, resorts, cruise lines, casinos, restaurants, corporate cafeterias, universities, stadiums and healthcare facilities. Its core products are point-of-sale (POS) systems, which are the ordering and checkout screens used at bars, restaurants and food courts, and property management systems (PMS), which handle hotel reservations, check-in and billing. Its main POS product is InfoGenesis. It also sells tools for inventory and purchasing, payments, self-service kiosks and mobile ordering. Customers can use them from the cloud or install them on site.
In the fiscal year ended March 31, 2026, revenue was $319.3 million. Subscription and maintenance, meaning recurring fees for cloud software and support, brought in $205.9 million, or 64.5%. That was up from $138.1 million two years earlier. These fees typically earn higher profit margins than product sales, and the company aims to raise their share. Professional services, such as installation and staff training, made up 22.6%. Products, mainly up-front software licenses and outside hardware like terminals and kiosks, made up 12.9%.
Agilysys reports one business segment. It operates in the Americas, Europe, the Middle East, Africa, Asia-Pacific and India, with headquarters in Alpharetta, Georgia, and a software development center in Chennai, India. It began in 1963 as Pioneer-Standard Electronics, an electronics distributor. It has focused only on hospitality since it sold its retail business in fiscal 2014.
Price history
The interactive chart needs JavaScript.
AGYS -18.4% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Subscription And Maintenance | $205.9M | 64.5% |
| Professional Services | $72.2M | 22.6% |
| Product | $41.2M | 12.9% |
Latest results
- In Q2 FY2027 (ended Sep 30, 2026), revenue was $93.4M, up 17.7% from a year earlier, and net income was $13.2M (+12.5%).
- For fiscal 2026, revenue was $319.3M (+15.9% year over year; +18.4% a year from FY2021 to FY2026) with a 12.1% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +18.4% good |
|---|---|
| Operating margin | 13.5% watch |
| Free cash flow margin | 21.3% good |
| Return on equity (FY2026) | 11.9% watch |
| Return on assets (FY2026) | 8.1% good |
| Net cash (cash minus debt) | $137.6M good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $137.2M | $-21.0M | $27.0M |
| FY2022 | $162.6M | $6.5M | $27.3M |
| FY2023 | $198.1M | $14.6M | $27.2M |
| FY2024 | $237.5M | $86.2M | $40.1M |
| FY2025 | $275.6M | $23.2M | $52.3M |
| FY2026 | $319.3M | $38.8M | $68.1M |
Valuation snapshot
| Market value | $3.25B |
|---|---|
| P/E ratio | 84 |
| Dividend yield | 0% |
Rank among 1514 US companies
Market value at each year end
Agilysys’s market value went from $242.4M at the end of 2016 to $3.25B on Oct 28, 2026, about 13.4 times as much; since the end of 2025 it is down 3%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $3.25B | -2.5% |
| 2025 | $3.33B | -9.5% |
| 2024 | $3.68B | +71.1% |
| 2023 | $2.15B | +8.5% |
| 2022 | $1.98B | +81.3% |
| 2021 | $1.09B | +20.9% |
| 2020 | $905.4M | +50.6% |
| 2019 | $601.2M | +78.2% |
| 2018 | $337.4M | +18.4% |
| 2017 | $284.9M | +17.5% |
| 2016 | $242.4M |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| AGYS price data to Oct 28, 2026 | -3.1% | -18.4% | +12.7% | +21.9% | +28.2% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -3.1% |
| 2025 | -9.8% |
| 2024 | +55.3% |
| 2023 | +7.2% |
| 2022 | +78.0% |
| 2021 | +15.8% |
| 2020 | +51.0% |
| 2019 | +77.2% |
| 2018 | +16.8% |
| 2017 | +18.5% |
| 2016 | +3.7% |
| 2015 | -20.6% |
| 2014 | -9.6% |
| 2013 | +66.3% |
| 2012 | +5.3% |
| 2011 | +41.2% |
| 2010 | -38.2% |
| 2009 | +116.0% |
| 2008 | -71.3% |
| 2007 | -9.1% |
| 2006 | -7.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 79.3% over that stretch · deepest drop along the way 88.3%, back to its old high 122.2 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 59% over that stretch · deepest drop along the way 63.6%, back to its old high 8 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 19% over that stretch · deepest drop along the way 27.5%, back to its old high 1.6 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 16 open-market purchases ($78K) and 11 sales ($23.4M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 5, 2026 | Ramesh Srinivasan President & CEO, Director | sell | $7.3M |
| Aug 6, 2026 | Ramesh Srinivasan President & CEO, Director | sell | $7.1M |
| Aug 6, 2026 | Ramesh Srinivasan President & CEO, Director | sell | $4.3M |
| Aug 7, 2026 | Ramesh Srinivasan President & CEO, Director | sell | $2.7M |
| Aug 18, 2026 | Kyle C Badger SVP, GC and Secretary | sell | $958K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 14.3% | Jun 30, 2026 |
ETFs with the most weight in AGYS
| GRPZ Invesco S&P SmallCap 600 GARP ETF | 0.72% |
| XSHQ Invesco S&P SmallCap Quality ETF | 0.56% |
| ILDR First Trust Innovation Leaders ETF | 0.52% |
| RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.42% |
| CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF | 0.39% |
| TRFM AAM Transformers ETF | 0.33% |
| QSML WisdomTree U.S. SmallCap Quality Growth Fund | 0.31% |
| VIOG Vanguard S&P Small-Cap 600 Growth ETF | 0.27% |
What could go wrong
- Tied to the ups and downs of travel. The business depends heavily on hotels, casinos, cruise lines and resorts. When travel and leisure slow because of recessions, pandemics, conflict or high energy prices, customers may delay purchases, pay late or go bankrupt.
- Mergers among casino and hotel owners. When gaming and hospitality companies merge, the combined owner may pick a rival's system, push for lower prices or cut spending. Losing a large customer this way could hurt sales.
- Big installation projects can go wrong. Setting up Agilysys software at a resort or casino often ties up significant time and staff. A failed or late rollout on a large project could mean lost revenue, legal claims and reputational damage.
- Rivals and AI could outpace its products. Agilysys faces extensive competition and must keep spending heavily on new software. Competitors using new technology such as artificial intelligence (AI) could make its products less attractive or obsolete, forcing price cuts.
- Hacks involving guest and payment data. Its software handles guest data and payments, and some services rely on outside cloud-hosting providers. A cyber-attack, security flaw or outage could bring lawsuits, reputational harm and lost sales.
- A share price prone to sharp swings. The company warns its stock is volatile. In the year to October 28, 2026, shares dropped 55.9% from peak to trough. At about 84 times annual earnings per share, setbacks could hit the price hard.
Recent events
- Quarterly results released
- Shareholder vote results
- Quarterly results released
- Executive or board change
- Investor presentation or announcement
- Quarterly results released
- Investor presentation or announcement
- Quarterly results released
- Investor presentation or announcement
For income and retirement investors
Agilysys pays no dividend and bought back no shares in fiscal 2022 through fiscal 2026. Its dividend yield was 0% as of October 28, 2026. Instead, its share count rose 14.6% in the five years to October 2026, spreading profits across more shares. The company does generate cash: $68.1 million of free cash flow (cash left after running and investing in the business) in the year ended March 31, 2026. For an income investor, returns would come only from share-price gains, and drawing income would mean selling shares.
Past downturns hit the stock hard. It fell 88.3% in the 2008 financial crisis and took more than 10 years to recover, until January 2019. It dropped 63.6% in the 2020 COVID crash and recovered in about eight months. It fell 27.5% in the 2022 bear market and recovered within two months. Single stocks carry more risk than diversified funds, because one company's problems are not offset by others.
Questions investors ask
How does Agilysys make money?
Mostly from recurring software fees. In the fiscal year ended March 31, 2026, subscription and maintenance brought in $205.9 million, or 64.5% of its $319.3 million in revenue. Professional services, such as installing systems and training staff, added 22.6%. Products, meaning up-front software licenses plus outside hardware such as terminals and kiosks, made up 12.9%. Its customers include hotels, resorts, casinos, cruise lines, restaurants, stadiums and universities that run its point-of-sale and property management software.
Does Agilysys pay a dividend?
No. Agilysys paid no dividends and made no share buybacks in fiscal 2022 through fiscal 2026, and its dividend yield was 0% as of October 28, 2026. Its share count rose 14.6% between October 2021 and October 2026. The company held $137.6 million in cash and investments as of September 30, 2026, and reported no debt on its March 31, 2026 balance sheet. Returns depend entirely on the share price, so the stock may not suit investors who need regular income.
Is Agilysys profitable?
Yes. In the fiscal year ended March 31, 2026, Agilysys earned $38.8 million, or $1.37 per diluted share, on $319.3 million of revenue. That is a net profit margin of 12.1%. Profit rose 67% from fiscal 2025. Results have swung, though. It lost $21.0 million in fiscal 2021, and its $86.2 million profit in fiscal 2024 was far above the years on either side. In the quarter ended September 30, 2026, net income rose 12.5% from a year earlier to $13.2 million.
What is Agilysys's P/E ratio?
About 84 as of October 28, 2026, based on fiscal 2026 earnings. The price-to-earnings (P/E) ratio shows how many dollars investors pay for each dollar of a company's yearly profit, and 84 is high by most standards. Such a figure usually reflects hopes for continued growth. Revenue rose 15.9% in fiscal 2026 and about 18.4% a year over the five years from fiscal 2021. If growth slows, a high P/E can shrink fast and pull the share price down. Its market value was about $3.2 billion on that date.
How has Agilysys stock performed over the long term?
Very well over 10 years, but with deep drops along the way. As of October 28, 2026, the share price had gained about 28.2% a year over 10 years and 21.9% a year over five years. Over the past year it fell 18.4%, and it was down 3.1% for 2026 through that date. Its worst fall from a peak in about 21 years of price history was 91%, and it lost 88.3% in the 2008 financial crisis. Past returns do not predict future results.