Hims & Hers Health (HIMS) Operating Margin (2020 - 2026)
Hims & Hers Health's (HIMS) quarterly Operating Margin came in at 12.9% in Q2 2026, down 1781.0% year-over-year from 0.77% in Q2 2025, and little changed quarter-over-quarter from 12.88% in Q1 2026.
Analysis
Hims & Hers Health (HIMS) Operating Margin (2020 - 2026) Analysis & Trends
Hims & Hers Health has disclosed Operating Margin across 7 years of filings, most recently posting 12.9% for Q2 2026.
- In Q2 2026, Operating Margin fell 1781.0% year-over-year to 12.9%; the TTM figure through Jun 2026 stood at 5.99% (down 1223.0% YoY), while the FY2025 annual figure was 4.5%, up 31.0% from the prior year.
- Operating Margin came in at 12.9% for Q2 2026 at Hims & Hers Health, roughly flat from 12.88% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 9.88% in Q1 2025 to a low of 17.78% in Q2 2022.
- Average Operating Margin over 5 years is 3.36%, with a median of 1.97% recorded in 2023.
- Year-over-year, Operating Margin surged 7584 bps in 2022 and sank 2276 bps in 2026.
- Over 5 years, Operating Margin stood at 6.94% in 2022, then soared by 98 bps to 0.16% in 2023, then surged by 2483 bps to 3.86% in 2024, then tumbled by 62 bps to 1.49% in 2025, then tumbled by 968 bps to 12.9% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 12.9% in Q2 2026, 12.88% in Q1 2026, and 1.49% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hinge Health | 7.02 Bn | 6.63 Bn | 183.95 Mn | 19.00% |
| 2 | Hims & Hers Health | 6.41 Bn | 5.57 Bn | 480.80 Mn | -12.90% |
| 3 | Ethos Technologies | 2.49 Bn | 2.32 Bn | 185.54 Mn | 9.56% |
| 4 | Omada Health | 1.30 Bn | 1.07 Bn | 63.79 Mn | 4.04% |
| 5 | Teladoc Health | 1.11 Bn | 339.87 Mn | 416.09 Mn | -6.11% |
| 6 | Talkspace | 870.58 Mn | 779.48 Mn | 24.80 Mn | -3.43% |
| 7 | Akso Health | 225.25 Mn | 225.08 Mn | - | - |
| 8 | LifeMD | 145.28 Mn | 145.28 Mn | - | - |
| 9 | eHealth | 29.40 Mn | -71.65 Mn | - | -81.80% |
| 10 | Mangoceuticals | 6.82 Mn | 6.58 Mn | 44,215.00 | -1,502.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -12.90% |
| Mar 31, 2026 | -12.88% |
| Dec 31, 2025 | 1.49% |
| Sep 30, 2025 | 1.97% |
| Jun 30, 2025 | 4.90% |
| Mar 31, 2025 | 9.88% |
| Dec 31, 2024 | 3.86% |
| Sep 30, 2024 | 5.57% |
| Jun 30, 2024 | 3.49% |
| Mar 31, 2024 | 3.56% |
| Dec 31, 2023 | -0.16% |
| Sep 30, 2023 | -3.77% |
| Jun 30, 2023 | -4.44% |
| Mar 31, 2023 | -5.90% |
| Dec 31, 2022 | -6.94% |
| Sep 30, 2022 | -13.80% |
| Jun 30, 2022 | -17.78% |
| Mar 31, 2022 | -16.70% |
| Dec 31, 2021 | -25.46% |
| Sep 30, 2021 | -37.29% |