KPIs & Operating Metrics(New)
Growth Metrics

Best Buy (BBY) Gross Margin (2016 - 2026)

Best Buy has reported Gross Margin over the past 18 years, most recently at 20.86% for Q1 2026.

  • Quarterly Gross Margin fell 6.0% to 20.86% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 22.48% through Jan 2026, down 12.0% year-over-year, with the annual reading at 22.48% for FY2026, 12.0% down from the prior year.
  • Gross Margin was 20.86% for Q1 2026 at Best Buy, down from 23.24% in the prior quarter.
  • Over five years, Gross Margin peaked at 23.54% in Q3 2024 and troughed at 19.95% in Q1 2023.
  • The 5-year median for Gross Margin is 22.71% (2023), against an average of 22.22%.
  • Year-over-year, Gross Margin tumbled -157bps in 2022 and then surged 102bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 22.03% in 2022, then increased by 4bps to 22.88% in 2023, then grew by 3bps to 23.47% in 2024, then fell by -1bps to 23.24% in 2025, then decreased by -10bps to 20.86% in 2026.
  • Per Business Quant, the three most recent readings for BBY's Gross Margin are 20.86% (Q1 2026), 23.24% (Q4 2025), and 23.25% (Q3 2025).