Best Buy (BBY) Gross Margin (2009 - 2026)
Best Buy (BBY) posted quarterly Gross Margin of 23.52% for Q2 2026, up 15.0% year-over-year from 20.45% in Q2 2025, and up 12.75% quarter-over-quarter from 20.86% in Q1 2026.
Best Buy (BBY) Gross Margin (2009 - 2026) Analysis & Trends
Best Buy (BBY) has reported Gross Margin for 18 consecutive years, with 23.52% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 15.0% year-over-year to 23.52%; the TTM figure through May 2026 stood at 22.52% (down 9.0% YoY), while the FY2026 annual figure was 22.48%, down 12.0% from the prior year.
- Gross Margin advanced to 23.52% in Q2 2026 per BBY's latest filing, from 20.86% in the prior quarter.
- Across five years, Gross Margin topped out at 23.54% in Q3 2024 and bottomed at 19.95% in Q1 2023.
- Historically, Gross Margin has averaged 22.29% across 5 years, with a median of 22.79% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin sank 157 bps — and 2023, when it surged 102 bps.
- Best Buy's Gross Margin stood at 22.03% in 2022, then climbed by 4 bps to 22.88% in 2023, then increased by 3 bps to 23.47% in 2024, then retreated by 1 bps to 23.24% in 2025, then gained by 1 bps to 23.52% in 2026.
- Business Quant data shows BBY's Gross Margin at 23.52% in Q2 2026, 20.86% in Q1 2026, and 23.24% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn | 23.63% |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 40.07% |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 37.05% |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 32.59% |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 37.23% |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 10.97% |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 45.67% |
| 10 | MINISO Group Holding | 3.42 Bn | 2.45 Bn | 414.86 Mn | 46.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 23.52% |
| Jan 31, 2026 | 20.86% |
| Nov 1, 2025 | 23.24% |
| Aug 2, 2025 | 23.25% |
| May 3, 2025 | 23.37% |
| Feb 1, 2025 | 20.92% |
| Nov 2, 2024 | 23.47% |
| Aug 3, 2024 | 23.54% |
| May 4, 2024 | 23.33% |
| Feb 3, 2024 | 20.49% |
| Oct 28, 2023 | 22.88% |
| Jul 29, 2023 | 23.17% |
| Apr 29, 2023 | 22.71% |
| Jan 28, 2023 | 19.95% |
| Oct 29, 2022 | 22.03% |
| Jul 30, 2022 | 22.14% |
| Apr 30, 2022 | 22.10% |
| Jan 29, 2022 | 20.24% |
| Oct 30, 2021 | 23.53% |
| Jul 31, 2021 | 23.72% |