Figs (FIGS) Operating Margin (2020 - 2026)
Figs (FIGS) recorded Operating Margin of 17.93% in Q2 2026, up 11.44 percentage points from 6.50% a year earlier and up 15.13 percentage points from the prior quarter.
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Analysis
Figs (FIGS) Operating Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Figs' Operating Margin came in at 9.60% as of Jun 30, 2026, up 7.85 percentage points year-over-year; for FY2025, it came in at 6.04%, up 5.64 percentage points from FY2024.
- Annual Operating Margin has a five-year change of -15.98 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 0.41% in FY2024 (-5.83 pp), 6.24% in FY2023 (-1.21 pp), 7.45% in FY2022 (+4.83 pp) and 2.62% in FY2021 (-19.40 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin since Q1 2021.
- On a year-over-year basis, Operating Margin has increased for five consecutive quarters, with an average year-over-year change of +2.27 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 39.44 percentage points in Q2 2022, against a drop of 21.72 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 2.80% (Q1 2026), 9.32% (Q4 2025) and 6.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 53.94 Bn | 19.93 Bn | 5.39 Bn | 11.95% |
| 2 | Tapestry | 22.74 Bn | 18.69 Bn | 1.56 Bn | 23.57% |
| 3 | Ralph Lauren | 21.47 Bn | 13.57 Bn | 1.44 Bn | 17.47% |
| 4 | Deckers Outdoor | 11.15 Bn | 4.02 Bn | - | - |
| 5 | Lululemon Athletica | 10.72 Bn | 4.97 Bn | 1.46 Bn | 18.78% |
| 6 | Levi Strauss | 7.64 Bn | 4.29 Bn | 979.10 Mn | 7.82% |
| 7 | Gildan Activewear | 6.52 Bn | 5.51 Bn | 459.76 Mn | 11.12% |
| 8 | Birkenstock Holding | 6.06 Bn | 4.37 Bn | 493.89 Mn | 28.22% |
| 9 | Crocs | 5.89 Bn | 5.30 Bn | 700.71 Mn | 24.22% |
| 10 | Figs | 2.14 Bn | 1.03 Bn | 147.86 Mn | 17.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.93% |
| Mar 31, 2026 | 2.80% |
| Dec 31, 2025 | 9.32% |
| Sep 30, 2025 | 6.35% |
| Jun 30, 2025 | 6.50% |
| Mar 31, 2025 | -0.17% |
| Dec 31, 2024 | 5.86% |
| Sep 30, 2024 | -6.15% |
| Jun 30, 2024 | 1.08% |
| Mar 31, 2024 | 0.37% |
| Dec 31, 2023 | 9.82% |
| Sep 30, 2023 | 6.99% |
| Jun 30, 2023 | 4.75% |
| Mar 31, 2023 | 2.74% |
| Dec 31, 2022 | 2.25% |
| Sep 30, 2022 | 8.72% |
| Jun 30, 2022 | 7.73% |
| Mar 31, 2022 | 12.48% |
| Dec 31, 2021 | 12.77% |
| Sep 30, 2021 | 10.27% |
API Access
Figs Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FIGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FIGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FIGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();