At a glance
QuinStreet Inc is worth $933.4M, about 12 times its fiscal 2026 earnings. Revenue grew 18.3% to $1.29B in fiscal 2026, with 6.3% kept as profit; over 5 years it has grown 17.5% a year. It pays no dividend; it spent $54.6M buying back its shares over FY2022–FY2026. The stock returned +14.7% over the past year with dividends reinvested and +3.0% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 58.1% in the 2020 crash (S&P 500: 33.7%) and 53.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 6 months and 24 months after the lows.
The business in plain English
QuinStreet runs online marketplaces that match shoppers with companies in financial services and home services, including some of the largest brands in those markets. When people shop online for something like a personal loan, QuinStreet reaches them through its own websites, search ads, email lists, partner websites and call centers. It delivers them to clients as clicks, leads (a shopper's contact details), phone calls, applications or completed sales, such as a funded loan.
Clients pay per click, per lead or per other action. Prices are set to fit what each client aims to spend to win a customer, rather than paying just to have an ad seen. QuinStreet pays search engines, publishers and partners for the traffic. That media cost is its biggest expense and leaves a thin slice: gross margin (revenue minus direct costs, as a share of revenue) was 11.3% in the fiscal year ended June 30, 2026. Most media is bought on a revenue-share basis, so partners get a share of the revenue their visitors generate and costs rise and fall with sales.
Revenue for that year was about $1.29 billion, up 18.3%. Financial services brought in $888 million, or 68.7%, and home services $405 million, or 31.3%. Most operations and revenue are in North America. The company was incorporated in California in 1999.
Price history
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QNST +14.7% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Financial Service | $888.4M | 68.7% |
| Home Services | $405.4M | 31.3% |
Latest results
- In Q4 FY2026 (ended Jun 30, 2026), revenue was $373.9M, up 42.7% from a year earlier, and net income was $19.1M (+496.1%).
- For fiscal 2026, revenue was $1.29B (+18.3% year over year; +17.5% a year from FY2021 to FY2026) with a 6.3% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +17.5% good |
|---|---|
| Operating margin | 2.7% weak |
| Free cash flow margin | 9.9% watch |
| Return on equity (FY2026) | 25.1% good |
| Return on assets (FY2026) | 11.3% good |
| Net cash (cash minus debt) | $58.3M good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $578.5M | $23.6M | $48.6M |
| FY2022 | $582.1M | $-5.2M | $25.8M |
| FY2023 | $580.6M | $-68.9M | $8.8M |
| FY2024 | $613.5M | $-31.3M | $6.7M |
| FY2025 | $1.09B | $4.7M | $82.9M |
| FY2026 | $1.29B | $81.2M | $127.9M |
Valuation snapshot
| Market value | $933.4M |
|---|---|
| P/E ratio | 11.7 |
| Dividend yield | None |
Rank among 1514 US companies
Market value at each year end
QuinStreet’s market value went from $172.0M at the end of 2016 to $933.4M on Oct 28, 2026, about 5.4 times as much; since the end of 2025 it is up 14%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $933.4M | +14.4% |
| 2025 | $815.5M | -37.2% |
| 2024 | $1.30B | +85.5% |
| 2023 | $699.7M | -9.1% |
| 2022 | $769.7M | -22.0% |
| 2021 | $986.7M | -13.0% |
| 2020 | $1.13B | +44.6% |
| 2019 | $784.3M | -2.0% |
| 2018 | $800.0M | +108.8% |
| 2017 | $383.1M | +122.7% |
| 2016 | $172.0M |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| QNST price data to Oct 28, 2026 | +13.8% | +14.7% | +17.7% | +3.0% | +18.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +13.8% |
| 2025 | -37.7% |
| 2024 | +80.0% |
| 2023 | -10.7% |
| 2022 | -21.1% |
| 2021 | -15.2% |
| 2020 | +40.0% |
| 2019 | -5.7% |
| 2018 | +93.7% |
| 2017 | +122.9% |
| 2016 | -12.3% |
| 2015 | -29.3% |
| 2014 | -30.1% |
| 2013 | +29.3% |
| 2012 | -28.2% |
| 2011 | -51.3% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 56.4% over that stretch · deepest drop along the way 58.1%, back to its old high 5.7 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 41.4% over that stretch · deepest drop along the way 53.8%, back to its old high 24 months after the low |
Insider activity
Form 4 filings from 2025-11-03 to 2026-11-03 (25 read): 0 open-market purchases and 9 sales ($17.4M), 5 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 7, 2026 | Douglas Valenti Chief Executive Officer, Director | sell (plan) | $15.4M |
| Aug 7, 2026 | Gregory Wong CFO | sell (plan) | $528K |
| Aug 14, 2026 | Asmau Ahmed Director | sell | $313K |
| Jun 15, 2026 | Gregory Wong CFO | sell (plan) | $269K |
| Aug 18, 2026 | Gregory Wong CFO | sell (plan) | $239K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 14.6% | Mar 31, 2025 |
| THRIVENT FINANCIAL FOR LUTHERANS | 4.8% | Sep 30, 2024 |
ETFs with the most weight in QNST
| RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.62% |
| FYC First Trust Small Cap Growth AlphaDEX Fund | 0.48% |
| VFMV Vanguard U.S. Minimum Volatility ETF | 0.35% |
| MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.33% |
| IWC iShares Micro-Cap ETF | 0.25% |
| XSMO Invesco S&P SmallCap Momentum ETF | 0.25% |
| HAPS Harbor Human Capital Factor US Small Cap ETF | 0.19% |
| FYX First Trust Small Cap Core AlphaDEX Fund | 0.18% |
What could go wrong
- A few large clients drive much revenue. QuinStreet says a substantial portion of its revenue comes from a limited number of clients. If a major client cuts online marketing spending or leaves, revenue would fall and the business could suffer.
- Heavy reliance on outside websites for visitors. A significant share of visitors comes from third-party publishers and strategic partners. If that supply shrinks, including through regulation, or the price rises, revenue could drop or the cost of reaching visitors could climb.
- Search engine changes can cut traffic. Search companies send a significant portion of visitors to QuinStreet's and its partners' websites. Changes to search algorithms have hurt their rankings in paid and organic (unpaid) results before, and could again.
- Interest rates and the economy matter. Financial services made up 68.7% of revenue in the year to June 30, 2026. QuinStreet says interest rate swings can affect visitor traffic and client spending, and economic and regulatory shifts have hurt revenue before.
- Data privacy, security and tracking limits. The company handles personal information and uses artificial intelligence in some products. A breach, such as ransomware, or new limits on collecting visitor data could raise costs and reduce the value of its services.
- Partner misconduct and ad fraud. Publishers, partners and vendors could act illegally or without permission, exposing QuinStreet to liability. Clients may also leave if it fails to catch fake clicks or other fraud on the ads it runs.
Recent events
- Quarterly results released
- Quarterly results released
- Quarterly results released
- Major agreement signed; Acquisition or sale of assets completed; New debt or financial obligation
- Major agreement signed; Investor presentation or announcement
- Quarterly results released
- Shareholder vote results
For income and retirement investors
QuinStreet pays no dividend, and its annual report says it does not intend to pay one, so returns depend on the share price. Income investors could get cash from it only by selling shares. The company spent $54.6 million on buybacks (purchases of its own shares) over fiscal 2022 through 2026, including $31.4 million in the year ended June 30, 2026. Still, the share count rose 5.2% from November 2021 to August 2026, so buybacks have not shrunk it.
The shares have fallen hard in downturns. In the 2020 COVID crash they lost 58.1% between February 21 and March 18, 2020, then recovered by September 9, 2020. In the 2022 bear market (a long, broad market decline) they fell 53.8% by May 3, 2022 and took about 24 months to recover. As of October 28, 2026, the deepest fall in 16.7 years of price history was 89.1%. A single stock carries more risk than a diversified fund.
Questions investors ask
How does QuinStreet make money?
QuinStreet is paid for delivering potential customers to companies in financial services and home services. It attracts people online through its own websites, search ads, email and partner sites. It then passes them to clients as clicks, leads, calls, applications or completed sales, and clients pay per result. In the fiscal year ended June 30, 2026, financial services made up 68.7% of its $1.29 billion in revenue and home services 31.3%. Paying for that traffic is its largest cost.
Does QuinStreet pay a dividend?
No. QuinStreet pays no dividend, and its annual report says it does not intend to pay one, so any return has to come from a rising share price. The company has used buybacks instead, spending $54.6 million over fiscal 2022 through 2026, including $31.4 million in the year ended June 30, 2026. Even so, the share count rose 5.2% between November 2021 and August 2026. The stock may not suit investors who need regular income.
Is QuinStreet profitable?
Yes, in the fiscal year ended June 30, 2026, QuinStreet earned $81.2 million, or $1.40 per diluted share, on revenue of $1.29 billion. Before that it had net losses in fiscal 2022, 2023 and 2024 and a small $4.7 million profit in fiscal 2025. Margins are slim: operating income was just 2.7% of revenue. Free cash flow, the cash left after running the business and investing in it, was $127.9 million.
How has QuinStreet stock performed?
Unevenly. As of October 28, 2026, the share price was up 14.7% over one year. It had gained an average of 17.7% a year over three years, 3% a year over five years and 18.6% a year over ten years. Calendar years swing widely: up 80% in 2024, then down 37.7% in 2025. In the year to October 28, 2026, it also fell as much as 35.5% from a high.
Are QuinStreet insiders selling the stock?
Yes. Between October 29, 2025 and October 29, 2026, insider filings showed at least 9 sales worth about $17.4 million and no purchases. The largest was a $15.4 million sale by chief executive Douglas Valenti on August 7, 2026. He made it under a pre-arranged trading plan, which schedules sales in advance. Chief financial officer Gregory Wong also sold shares under a plan. Among large outside holders, BlackRock reported owning 14.6% of the shares as of March 31, 2025.