Leslie's (LESL) Operating Margin (2019 - 2026)

Leslie's' Operating Margin history runs 8 years deep, the most recent figure standing at 20.4% for Q2 2026.

• In Q2 2026, Operating Margin rose 691.0% year-over-year to 20.4%; the TTM figure through Apr 2026 stood at 15.41% (down 1360.0% YoY), while the FY2025 annual figure was 13.68%, down 1347.0% from the prior year.
• Operating Margin was 20.4% for Q2 2026 at Leslie's, up from 46.73% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 25.55% in Q3 2022 to a low of 46.73% in Q1 2026.
• Historically, Operating Margin has averaged 9.71% across 5 years, with a median of 12.83% in 2022.
• The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 3996 bps in 2022, then surged 3246 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 13.83% in 2022, then tumbled by 52 bps to 20.96% in 2023, then dropped by 8 bps to 22.66% in 2024, then sank by 70 bps to 38.56% in 2025, then soared by 47 bps to 20.4% in 2026.
• The last three Operating Margin figures came in at 20.4% (Q2 2026), 46.73% (Q1 2026), and 38.56% (Q4 2025), per Business Quant data.