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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Bath & Body Works (BBWI) Operating Margin (2016 - 2026)

Bath & Body Works has reported Operating Margin over the past 18 years, most recently at 21.99% for Q1 2026.

  • Quarterly Operating Margin fell 234.0% to 21.99% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 15.44% through Jan 2026, down 188.0% year-over-year, with the annual reading at 15.44% for FY2026, 188.0% down from the prior year.
  • Operating Margin was 21.99% for Q1 2026 at Bath & Body Works, up from 10.1% in the prior quarter.
  • Over five years, Operating Margin peaked at 29.04% in Q1 2022 and troughed at 10.1% in Q4 2025.
  • The 5-year median for Operating Margin is 14.15% (2023), against an average of 16.58%.
  • Year-over-year, Operating Margin plummeted -1174bps in 2022 and then surged 156bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 12.59% in 2022, then increased by 12bps to 14.15% in 2023, then dropped by -4bps to 13.54% in 2024, then fell by -25bps to 10.1% in 2025, then soared by 118bps to 21.99% in 2026.
  • Per Business Quant, the three most recent readings for BBWI's Operating Margin are 21.99% (Q1 2026), 10.1% (Q4 2025), and 10.14% (Q3 2025).