Bath & Body Works annual gross margin
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2025
Bath & Body Works Gross Margin Growth & History (BBWI)
Bath & Body Works's gross margin was 43.74% for fiscal 2025.
View full Bath & Body Works company overviewBath & Body Works annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-31 | 43.74% | −0.52 pp |
| 2024 | 2025-02-01 | 44.26% | +0.70 pp |
| 2023 | 2024-02-03 | 43.56% | +0.50 pp |
| 2022 | 2023-01-28 | 43.06% | −5.85 pp |
| 2021 | 2022-01-29 | 48.91% | +0.79 pp |
| 2020 | 2021-01-30 | 48.12% | +3.96 pp |
| 2019 | 2020-02-01 | 44.16% | +7.15 pp |
| 2018 | 2019-02-02 | 37.01% | −2.25 pp |
| 2017 | 2018-02-03 | 39.26% | −1.50 pp |
| 2016 | 2017-01-28 | 40.76% | −2.06 pp |
| 2015 | 2016-01-30 | 42.82% | +0.84 pp |
| 2014 | 2015-01-31 | 41.98% | +0.86 pp |
| 2013 | 2014-02-01 | 41.11% | −0.82 pp |
| 2012 | 2013-02-02 | 41.94% | +2.79 pp |
| 2011 | 2012-01-28 | 39.15% | +1.37 pp |
| 2010 | 2011-01-29 | 37.77% | +2.69 pp |
| 2009 | 2010-01-30 | 35.08% | +1.84 pp |
| 2008 | 2009-01-31 | 33.24% | −1.38 pp |
| 2007 | 2008-02-02 | 34.63% | — |
Bath & Body Works quarterly gross margin
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Q1.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-02 | 42.60% | −2.77 pp |
| Q4 2025 | 2026-01-31 | 45.70% | −1.01 pp |
| Q3 2025 | 2025-11-01 | 41.28% | −2.20 pp |
| Q2 2025 | 2025-08-02 | 41.32% | +0.29 pp |
| Q1 2025 | 2025-05-03 | 45.37% | +1.58 pp |
| Q4 2024 | 2025-02-01 | 46.72% | +0.84 pp |
| Q3 2024 | 2024-11-02 | 43.48% | −0.18 pp |
| Q2 2024 | 2024-08-03 | 41.02% | +1.12 pp |
| Q1 2024 | 2024-05-04 | 43.79% | +1.09 pp |
| Q4 2023 | 2024-02-03 | 45.88% | +2.67 pp |
| Q3 2023 | 2023-10-28 | 43.66% | +1.39 pp |
| Q2 2023 | 2023-07-29 | 39.90% | −0.89 pp |
| Q1 2023 | 2023-04-29 | 42.69% | −3.44 pp |
| Q4 2022 | 2023-01-28 | 43.21% | −4.56 pp |
| Q3 2022 | 2022-10-29 | 42.27% | −7.64 pp |
| Q2 2022 | 2022-07-30 | 40.79% | −7.80 pp |
| Q1 2022 | 2022-04-30 | 46.14% | −4.34 pp |
| Q4 2021 | 2022-01-29 | 47.77% | −114.81 pp |
| Q3 2021 | 2021-10-30 | 49.91% | −0.79 pp |
| Q2 2021 | 2021-07-31 | 48.59% | +17.93 pp |
| Q1 2021 | 2021-05-01 | 50.48% | +33.06 pp |
| Q4 2020 | 2021-01-30 | 162.58% | +134.90 pp |
| Q3 2020 | 2020-10-31 | 50.71% | +16.83 pp |
| Q2 2020 | 2020-08-01 | 30.66% | −4.87 pp |
| Q1 2020 | 2020-05-02 | 17.41% | −23.15 pp |
| Q3 2019 | 2019-11-02 | 27.68% | −5.76 pp |
| Q2 2019 | 2019-08-03 | 33.87% | −1.62 pp |
| Q1 2019 | 2019-05-04 | 35.53% | −0.42 pp |
| Q4 2018 | 2019-02-02 | 40.56% | −1.72 pp |
| Q3 2018 | 2018-11-03 | 33.44% | −4.34 pp |
| Q2 2018 | 2018-08-04 | 35.49% | −1.82 pp |
| Q1 2018 | 2018-05-05 | 35.95% | −1.11 pp |
| Q4 2017 | 2018-02-03 | 42.29% | −1.02 pp |
| Q3 2017 | 2017-10-28 | 37.78% | −1.94 pp |
| Q2 2017 | 2017-07-29 | 37.31% | −1.20 pp |
| Q1 2017 | 2017-04-29 | 37.05% | −2.85 pp |
| Q4 2016 | 2017-01-28 | 43.31% | −2.27 pp |
| Q3 2016 | 2016-10-29 | 39.71% | −1.83 pp |
| Q2 2016 | 2016-07-30 | 38.51% | −1.78 pp |
| Q1 2016 | 2016-04-30 | 39.90% | −2.14 pp |
| Q4 2015 | 2016-01-30 | 45.57% | +0.48 pp |
| Q3 2015 | 2015-10-31 | 41.54% | +0.70 pp |
| Q2 2015 | 2015-08-01 | 40.29% | +1.26 pp |
| Q1 2015 | 2015-05-02 | 42.04% | +0.97 pp |
| Q4 2014 | 2015-01-31 | 45.10% | +2.09 pp |
| Q3 2014 | 2014-11-01 | 40.84% | +1.36 pp |
| Q2 2014 | 2014-08-02 | 39.03% | −0.28 pp |
| Q1 2014 | 2014-05-03 | 41.07% | −0.42 pp |
| Q4 2013 | 2014-02-01 | 43.01% | −1.52 pp |
| Q3 2013 | 2013-11-02 | 39.47% | −0.77 pp |
| Q2 2013 | 2013-08-03 | 39.31% | +0.04 pp |
| Q1 2013 | 2013-05-04 | 41.49% | −0.39 pp |
| Q4 2012 | 2013-02-02 | 44.53% | +1.06 pp |
| Q3 2012 | 2012-10-27 | 40.24% | +4.14 pp |
| Q2 2012 | 2012-07-28 | 39.27% | +2.57 pp |
| Q1 2012 | 2012-04-28 | 41.88% | +3.90 pp |
| Q4 2011 | 2012-01-28 | 43.47% | +1.66 pp |
| Q3 2011 | 2011-10-29 | 36.11% | +0.10 pp |
| Q2 2011 | 2011-07-30 | 36.70% | +2.00 pp |
| Q1 2011 | 2011-04-30 | 37.98% | +2.06 pp |
| Q4 2010 | 2011-01-29 | 41.81% | +1.03 pp |
| Q3 2010 | 2010-10-30 | 36.01% | +4.32 pp |
| Q2 2010 | 2010-07-31 | 34.70% | +2.38 pp |
| Q1 2010 | 2010-05-01 | 35.92% | +4.15 pp |
| Q4 2009 | 2010-01-30 | 40.78% | +9.31 pp |
| Q3 2009 | 2009-10-31 | 31.68% | −1.64 pp |
| Q2 2009 | 2009-08-01 | 32.32% | — |
| Q1 2009 | 2009-05-02 | 31.77% | — |
| Q3 2008 | 2008-11-01 | 31.47% | — |
| Q2 2008 | 2008-08-02 | 33.32% | — |
Bath & Body Works gross margin trends
Over the last five reported fiscal years, Bath & Body Works's gross margin decreased from 48.12% to 43.74%, a change of −4.38 percentage points. The latest reported quarter, Q1 2026, shows 42.60%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Bath & Body Works filings at SEC.gov ↗