Academy Sports & Outdoors (ASO) Operating Margin (2019 - 2026)

Academy Sports & Outdoors has disclosed Operating Margin across 8 years of filings, most recently posting 5.18% for Q2 2026.

• In Q2 2026, Operating Margin rose 5.0% year-over-year to 5.18%; the TTM figure through May 2026 stood at 8.42% (down 11.0% YoY), while the FY2026 annual figure was 8.46%, down 62.0% from the prior year.
• Operating Margin retreated to 5.18% in Q2 2026, from 9.9% in the prior quarter.
• Over the last five years, Operating Margin for ASO reached as high as 15.22% in Q3 2022 and fell as low as 5.13% in Q2 2025.
• The 5-year median for Operating Margin is 10.34% (2025), against an average of 10.09%.
• Annual changes were most pronounced in 2022 — Operating Margin surged 213 bps — and 2023, when it sank 488 bps.
• A 5-year view of Operating Margin shows it stood at 12.02% in 2022, then dropped by 19 bps to 9.78% in 2023, then slumped by 30 bps to 6.81% in 2024, then climbed by 7 bps to 7.26% in 2025, then fell by 29 bps to 5.18% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 5.18%, 9.9%, and 7.26% for Q2 2026, Q1 2026, and Q4 2025 respectively.