Bath & Body Works, Inc.

BBWI Consumer Cyclical Specialty Retail

Bath & Body Works, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $7.3 billion, roughly unchanged from fiscal 2025.

Revenue
−2.26%
EPS
+93.3%
Free cash flow
+123.2%
Total debt
−7.05%

Quarter to July 2026, against a year earlier

22.04 1.50 −6.37%
Market cap
$4.5B
P/E
5.7×
Fwd P/E
7.5×
Dividend yield
3.63%
F-score
6/9
Altman Z
2.30
Beneish M
−3.01
Dividend safety
74/100

Bath & Body Works, Inc. (BBWI) Operating margin

Alert me on Operating margin

Bath & Body Works, Inc.'s operating margin over the twelve months to 31 July 2026 was 16.7%, up 1.3 percentage points from fiscal 2026 (15.4%). Over the past ten years it has ranged from 9.35% (fiscal 2019) to 25.5% (fiscal 2022); the current reading is higher than 25% of that period. That is above the Specialty Retail industry median of 4.14% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 15.4% (1.89)
FY2025 17.3% 0.03
FY2024 17.3% (0.90)
FY2023 18.2% (7.29)
FY2022 25.5% 0.56
FY2021 24.9% 5.69
FY2020 19.2% 9.89
FY2019 9.35% (4.33)
FY2018 13.7% (2.25)
FY2017 15.9% (2.11)

Quarterly newest first

Period Operating margin Change (points)
Jul 2026 14.3% (2.49)
Apr 2026 16.8% (5.23)
Jan 2026 22.0% 11.89
Oct 2025 10.1% (0.04)
45 more quarters

Against its own ten years

Low 9.35% High 25.5%
Ten-year median 17.3%
Current reading's percentile 51

Operating margin against peers

Company Operating margin
BOBS Bob's Discount Furniture, Inc. compare 31.8%
BBWI Bath & Body Works, Inc. 16.7%
MNSO MINISO Group Holding Limited Unsponsored ADR compare 14.4%
GME GameStop Corp. compare 13.5%
RH RH compare 9.98%
ASO Academy Sports and Outdoors, Inc. compare 9.55%
SBH Sally Beauty Holdings, Inc. compare 8.43%
ARHS Arhaus, Inc. compare 6.06%
MUSA Murphy USA Inc. compare 4.21%
Specialty Retail industry median 4.14%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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