Best Buy (BBY) Gross Margin (2009 - 2026)

Best Buy (BBY) has 18 years of Gross Margin data on file, last reported at 20.86% in Q1 2026.

• Gross Margin for Q1 2026 came in at 20.86%, down 6.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 22.48% (down 12.0% YoY), and the FY2026 annual result was 22.48%, down 12.0% from the prior year.
• Gross Margin slipped to 20.86% in Q1 2026 per BBY's latest filing, 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.
• A 5-year average of 22.22% and a median of 22.71% in 2023 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2023: Gross Margin sank 157 bps in 2022, then surged 102 bps in 2023.
• A 5-year view of Gross Margin shows it stood at 22.03% in 2022, then advanced by 4 bps to 22.88% in 2023, then grew by 3 bps to 23.47% in 2024, then fell by 1 bps to 23.24% in 2025, then decreased by 10 bps to 20.86% in 2026.
• Business Quant data shows BBY's Gross Margin at 20.86% in Q1 2026, 23.24% in Q4 2025, and 23.25% in Q3 2025.