Herbalife (HLF) Operating Margin (2009 - 2026)

Herbalife (HLF) posted Operating Margin of 10.51% for Q1 2026, up 35.08% sequentially from 7.78% in Q4 2025, and up 46.0% YoY from 7.2% in Q1 2025.

Herbalife (HLF) Operating Margin (2009 - 2026) Analysis & Trends

Herbalife has reported Operating Margin for 18 years, with the latest figure at 10.51% in Q1 2026.

Quarterly Operating Margin rose 46.0% year-over-year to 10.51% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.67% (up 85.0% YoY) and the FY2025 annual result came in at 9.55%, up 182.0% from the prior year.
Operating Margin advanced to 10.51% in Q1 2026 per HLF's latest filing, from 7.78% in the prior quarter.
Over five years, Operating Margin peaked at 11.46% in Q1 2022 and troughed at 4.59% in Q4 2023.
A 5-year average of 8.78% and a median of 9.39% in 2023 frame the typical range for Operating Margin.
The sharpest annual moves came in 2023 and 2025: Operating Margin plunged 583 bps in 2023, then surged 436 bps in 2025.
Over 5 years, Operating Margin stood at 7.53% in 2022, then slumped by 39 bps to 4.59% in 2023, then jumped by 92 bps to 8.82% in 2024, then decreased by 12 bps to 7.78% in 2025, then surged by 35 bps to 10.51% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 10.51%, 7.78%, and 9.88% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Kraft Heinz	30.23 Bn	27.54 Bn	2.03 Bn	-102.70%
2	General Mills	21.36 Bn	20.90 Bn	1.60 Bn	-45.40%
3	Mccormick	14.89 Bn	14.56 Bn	778.20 Mn	14.27%
4	Jbs	14.54 Bn	11.07 Bn	4.91 Bn	2.38%
5	Hormel Foods	13.26 Bn	12.40 Bn	518.51 Mn	7.30%
6	J M Smucker	13.17 Bn	13.11 Bn	862.10 Mn	19.60%
7	Magnum Ice Cream	12.10 Bn	11.38 Bn	-	-
8	Darling Ingredients	10.78 Bn	10.62 Bn	503.37 Mn	32.20%
9	Smithfield Foods	8.77 Bn	7.42 Bn	478.00 Mn	7.84%
10	Herbalife	1.27 Bn	904.40 Mn	1.03 Bn	9.67%

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