TTWO · 10-Q · 2026Q3 · Full report

Interest Expense Trends

TAKE TWO INTERACTIVE SOFTWARE INC · 2026-11-09 · Importance 59 · Surprise 64

Interest and other, net was income of $5.6 million for the three months ended September 30, 2026, compared with expense of $17.5 million in the prior-year quarter. For the six-month period, net expense declined to $8.2 million from $52.9 million. The improvement primarily reflected lower interest expense after repayment of the 2025 Notes in April 2025 and the 2026 Notes in March 2026, as well as changes in fair value of long-term investments. Higher interest income also contributed to the six-month improvement, partly offset in the quarter by increased foreign currency losses.

Key facts

• Interest and other, net was an expense of $8.2 million for the six months ended September 30, 2026, compared with an expense of $52.9 million in the prior-year period. source
• Interest and other, net was income of $5.6 million for the three months ended September 30, 2026, compared with an expense of $17.5 million a year earlier. source
• Quarterly interest expense was lower following repayment of Take-Two’s 2025 Notes in April 2025 and 2026 Notes in March 2026. source
• The six-month decrease in interest and other expense was primarily driven by lower interest expense after repayment of the 2025 Notes in April 2025 and the 2026 Notes in March 2026, changes in fair value of long-term investments, and higher interest income due to higher interest rates. source
• Take-Two’s 2026 Convertible Notes do not bear regular interest, and their principal amount does not accrete. source