Herbalife (HLF) Gross Margin (2009 - 2026)
Herbalife (HLF) posted Gross Margin of 77.9% for Q1 2026, little changed sequentially from 77.53% in Q4 2025, and down 39.0% YoY from 127.71% in Q1 2025.
Herbalife (HLF) Gross Margin (2009 - 2026) Analysis & Trends
Herbalife has reported Gross Margin for 18 years, with the latest figure at 77.9% in Q1 2026.
- Quarterly Gross Margin fell 39.0% year-over-year to 77.9% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 77.78% (down 31.0% YoY) and the FY2025 annual result came in at 77.87%, down 1.0% from the prior year.
- Gross Margin steadied at 77.9% in Q1 2026 per HLF's latest filing, from 77.53% in the prior quarter.
- Over five years, Gross Margin peaked at 78.34% in Q3 2024 and troughed at 76.15% in Q1 2023.
- A 5-year average of 77.45% and a median of 77.53% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 206 bps in 2022, then jumped 200 bps in 2024.
- Over 5 years, Gross Margin stood at 77.51% in 2022, then dropped by 2 bps to 76.33% in 2023, then gained by 2 bps to 77.84% in 2024, then dropped by 0 bps to 77.53% in 2025, then increased by 0 bps to 77.9% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 77.9%, 77.53%, and 77.69% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 40.18% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 10.79% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 17.44% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 38.01% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 29.20% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 12.92% |
| 10 | Herbalife | 1.27 Bn | 904.40 Mn | 1.03 Bn | 77.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 77.67% |
| Mar 31, 2026 | 77.90% |
| Dec 31, 2025 | 77.53% |
| Sep 30, 2025 | 77.69% |
| Jun 30, 2025 | 78.01% |
| Mar 31, 2025 | 78.29% |
| Dec 31, 2024 | 77.84% |
| Sep 30, 2024 | 78.34% |
| Jun 30, 2024 | 77.90% |
| Mar 31, 2024 | 77.46% |
| Dec 31, 2023 | 76.33% |
| Sep 30, 2023 | 76.34% |
| Jun 30, 2023 | 77.05% |
| Mar 31, 2023 | 76.15% |
| Dec 31, 2022 | 77.51% |
| Sep 30, 2022 | 77.99% |
| Jun 30, 2022 | 77.32% |
| Mar 31, 2022 | 77.01% |
| Dec 31, 2021 | 77.50% |
| Sep 30, 2021 | 78.67% |