Bath & Body Works annual operating margin
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2025
Bath & Body Works Operating Margin Growth & History (BBWI)
Bath & Body Works's operating margin was 15.44% for fiscal 2025.
View full Bath & Body Works company overviewBath & Body Works annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-31 | 15.44% | −1.88 pp |
| 2024 | 2025-02-01 | 17.33% | +0.03 pp |
| 2023 | 2024-02-03 | 17.30% | −0.90 pp |
| 2022 | 2023-01-28 | 18.20% | −7.29 pp |
| 2021 | 2022-01-29 | 25.49% | +0.56 pp |
| 2020 | 2021-01-30 | 24.93% | +5.69 pp |
| 2019 | 2020-02-01 | 19.24% | +9.90 pp |
| 2018 | 2019-02-02 | 9.35% | −4.33 pp |
| 2017 | 2018-02-03 | 13.68% | −2.25 pp |
| 2016 | 2017-01-28 | 15.93% | −2.11 pp |
| 2015 | 2016-01-30 | 18.04% | +0.98 pp |
| 2014 | 2015-01-31 | 17.05% | +0.87 pp |
| 2013 | 2014-02-01 | 16.18% | +1.14 pp |
| 2012 | 2013-02-02 | 15.04% | +3.09 pp |
| 2011 | 2012-01-28 | 11.95% | −1.41 pp |
| 2010 | 2011-01-29 | 13.36% | +3.30 pp |
| 2009 | 2010-01-30 | 10.06% | +3.54 pp |
| 2008 | 2009-01-31 | 6.51% | −4.44 pp |
| 2007 | 2008-02-02 | 10.95% | — |
Bath & Body Works quarterly operating margin
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Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-02 | 16.76% | +2.09 pp |
| Q4 2025 | 2026-01-31 | 21.99% | −2.34 pp |
| Q3 2025 | 2025-11-01 | 10.10% | −3.44 pp |
| Q2 2025 | 2025-08-02 | 10.14% | −1.86 pp |
| Q1 2025 | 2025-05-03 | 14.68% | +1.17 pp |
| Q4 2024 | 2025-02-01 | 24.33% | +0.46 pp |
| Q3 2024 | 2024-11-02 | 13.54% | −0.61 pp |
| Q2 2024 | 2024-08-03 | 11.99% | −0.07 pp |
| Q1 2024 | 2024-05-04 | 13.51% | +0.55 pp |
| Q4 2023 | 2024-02-03 | 23.87% | +1.29 pp |
| Q3 2023 | 2023-10-28 | 14.15% | +1.56 pp |
| Q2 2023 | 2023-07-29 | 12.06% | −2.90 pp |
| Q1 2023 | 2023-04-29 | 12.97% | −6.34 pp |
| Q4 2022 | 2023-01-28 | 22.58% | −6.46 pp |
| Q3 2022 | 2022-10-29 | 12.59% | −11.74 pp |
| Q2 2022 | 2022-07-30 | 14.96% | −7.58 pp |
| Q1 2022 | 2022-04-30 | 19.31% | −3.61 pp |
| Q4 2021 | 2022-01-29 | 29.04% | −160.95 pp |
| Q3 2021 | 2021-10-30 | 24.33% | −1.29 pp |
| Q2 2021 | 2021-07-31 | 22.54% | +20.64 pp |
| Q1 2021 | 2021-05-01 | 22.93% | +42.15 pp |
| Q4 2020 | 2021-01-30 | 189.99% | +195.63 pp |
| Q3 2020 | 2020-10-31 | 25.62% | +19.59 pp |
| Q2 2020 | 2020-08-01 | 1.90% | −3.92 pp |
| Q1 2020 | 2020-05-02 | −19.23% | −35.71 pp |
| Q3 2019 | 2019-11-02 | −5.64% | −7.59 pp |
| Q2 2019 | 2019-08-03 | 6.03% | −1.61 pp |
| Q1 2019 | 2019-05-04 | 5.82% | −0.08 pp |
| Q4 2018 | 2019-02-02 | 16.49% | −3.96 pp |
| Q3 2018 | 2018-11-03 | 1.95% | −6.92 pp |
| Q2 2018 | 2018-08-04 | 7.64% | −3.28 pp |
| Q1 2018 | 2018-05-05 | 5.90% | −2.67 pp |
| Q4 2017 | 2018-02-03 | 20.45% | −1.56 pp |
| Q3 2017 | 2017-10-28 | 8.86% | −2.14 pp |
| Q2 2017 | 2017-07-29 | 10.93% | −3.19 pp |
| Q1 2017 | 2017-04-29 | 8.58% | −3.78 pp |
| Q4 2016 | 2017-01-28 | 22.01% | −2.52 pp |
| Q3 2016 | 2016-10-29 | 11.00% | −2.65 pp |
| Q2 2016 | 2016-07-30 | 14.12% | −0.46 pp |
| Q1 2016 | 2016-04-30 | 12.36% | −2.45 pp |
| Q4 2015 | 2016-01-30 | 24.53% | +1.01 pp |
| Q3 2015 | 2015-10-31 | 13.66% | +1.41 pp |
| Q2 2015 | 2015-08-01 | 14.58% | +0.52 pp |
| Q1 2015 | 2015-05-02 | 14.81% | +0.76 pp |
| Q4 2014 | 2015-01-31 | 23.52% | +0.92 pp |
| Q3 2014 | 2014-11-01 | 12.25% | +2.53 pp |
| Q2 2014 | 2014-08-02 | 14.06% | −0.17 pp |
| Q1 2014 | 2014-05-03 | 14.05% | +0.34 pp |
| Q4 2013 | 2014-02-01 | 22.60% | +2.17 pp |
| Q3 2013 | 2013-11-02 | 9.72% | +0.60 pp |
| Q2 2013 | 2013-08-03 | 14.23% | +1.52 pp |
| Q1 2013 | 2013-05-04 | 13.71% | +0.11 pp |
| Q4 2012 | 2013-02-02 | 20.44% | +2.20 pp |
| Q3 2012 | 2012-10-27 | 9.12% | +0.57 pp |
| Q2 2012 | 2012-07-28 | 12.71% | +4.82 pp |
| Q1 2012 | 2012-04-28 | 13.60% | +3.81 pp |
| Q4 2011 | 2012-01-28 | 18.24% | −2.42 pp |
| Q3 2011 | 2011-10-29 | 8.56% | +1.04 pp |
| Q2 2011 | 2011-07-30 | 7.89% | −2.63 pp |
| Q1 2011 | 2011-04-30 | 9.79% | +0.21 pp |
| Q4 2010 | 2011-01-29 | 20.66% | +1.53 pp |
| Q3 2010 | 2010-10-30 | 7.51% | +4.19 pp |
| Q2 2010 | 2010-07-31 | 10.53% | +2.88 pp |
| Q1 2010 | 2010-05-01 | 9.58% | +5.81 pp |
| Q4 2009 | 2010-01-30 | 19.13% | +16.91 pp |
| Q3 2009 | 2009-10-31 | 3.32% | −4.82 pp |
| Q2 2009 | 2009-08-01 | 7.64% | — |
| Q1 2009 | 2009-05-02 | 3.77% | — |
| Q3 2008 | 2008-11-01 | 2.22% | — |
| Q2 2008 | 2008-08-02 | 8.14% | — |
Bath & Body Works operating margin trends
Over the last five reported fiscal years, Bath & Body Works's operating margin decreased from 24.93% to 15.44%, a change of −9.49 percentage points. The latest reported quarter, Q1 2026, shows 16.76%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗