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

Academy Sports & Outdoors (ASO) has reported Operating Margin for 8 consecutive years, with 5.18% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin rose 5.0% year-over-year to 5.18% in Q2 2026; TTM through May 2026 was 8.42%, a 11.0% decrease from a year earlier, with the FY2026 full-year figure at 8.46%, down 62.0% from the prior year.
• Operating Margin was 5.18% for Q2 2026 at Academy Sports & Outdoors, down from 9.9% in the prior quarter.
• Over five years, Operating Margin peaked at 15.22% in Q3 2022 and troughed at 5.13% in Q2 2025.
• A 5-year average of 10.09% and a median of 10.34% in 2025 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin jumped 213 bps in 2022 and plunged 488 bps in 2023, its largest moves.
• Over 5 years, Operating Margin stood at 12.02% in 2022, then slipped by 19 bps to 9.78% in 2023, then sank by 30 bps to 6.81% in 2024, then advanced by 7 bps to 7.26% in 2025, then declined by 29 bps to 5.18% in 2026.
• The last three Operating Margin figures came in at 5.18% (Q2 2026), 9.9% (Q1 2026), and 7.26% (Q4 2025), per Business Quant data.