Barnes & Noble Education (BNED) Operating Margin (2014 - 2026)

Barnes & Noble Education (BNED) has reported Operating Margin for 13 consecutive years, with 3.1% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 3.1%, down 141.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 1.25% (up 152.0% YoY), and the FY2025 annual result was 0.99%, up 335.0% from the prior year.
• Operating Margin was 3.1% for Q1 2026 at Barnes & Noble Education, down from 6.33% in the prior quarter.
• Over five years, Operating Margin peaked at 8.42% in Q4 2024 and troughed at 17.91% in Q3 2022.
• Average Operating Margin over 5 years is 4.26%, with a median of 4.05% recorded in 2025.
• Year-over-year, Operating Margin surged 2204 bps in 2022 and plunged 973 bps in 2023.
• Over 5 years, Operating Margin stood at 4.7% in 2022, then soared by 41 bps to 6.6% in 2023, then increased by 28 bps to 8.42% in 2024, then fell by 25 bps to 6.33% in 2025, then sank by 51 bps to 3.1% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 3.1% in Q1 2026, 6.33% in Q4 2025, and 8.45% in Q3 2025.