Levi Strauss (LEVI) Operating Margin (2010 - 2026)
Levi Strauss' (LEVI) quarterly Operating Margin came in at 7.82% in Q2 2026, up 35.0% YoY from 5.8% in Q2 2025, and down 31.39% on a QoQ basis from 11.4% in Q1 2026.
Levi Strauss (LEVI) Operating Margin (2010 - 2026) Analysis & Trends
Levi Strauss (LEVI) has 17 years of Operating Margin data on file, last reported at 7.82% in Q2 2026.
- Quarterly Operating Margin rose 35.0% year-over-year to 7.82% in Q2 2026, while the trailing twelve-month figure through May 2026 was 10.57% (up 180.0% YoY) and the FY2025 annual result came in at 10.79%, up 643.0% from the prior year.
- Operating Margin slipped to 7.82% in Q2 2026, from 11.4% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 14.71% in Q1 2022 to a low of 0.04% in Q1 2024.
- A 5-year average of 7.97% and a median of 8.97% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin plunged 1082 bps — and 2025, when it jumped 1251 bps.
- Tracing LEVI's Operating Margin over 5 years: stood at 8.62% in 2022, then soared by 35 bps to 11.67% in 2023, then rose by 2 bps to 11.91% in 2024, then increased by 0 bps to 11.93% in 2025, then slumped by 34 bps to 7.82% in 2026.
- The last three Operating Margin figures came in at 7.82% (Q2 2026), 11.4% (Q1 2026), and 11.93% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.40 Bn | 20.45 Bn | 1.44 Bn | 17.47% |
| 2 | Gildan Activewear | 10.27 Bn | 10.00 Bn | 459.76 Mn | 11.12% |
| 3 | Levi Strauss | 8.21 Bn | 7.24 Bn | 979.10 Mn | 7.82% |
| 4 | V F | 5.48 Bn | 4.81 Bn | 917.04 Mn | -4.98% |
| 5 | Kontoor Brands | 4.35 Bn | 4.30 Bn | 328.26 Mn | 15.49% |
| 6 | Ermenegildo Zegna | 3.54 Bn | 3.19 Bn | - | - |
| 7 | Pvh | 3.49 Bn | 2.90 Bn | 1.19 Bn | 6.14% |
| 8 | Columbia Sportswear | 3.04 Bn | 2.42 Bn | 358.43 Mn | 5.03% |
| 9 | Figs | 2.39 Bn | 2.09 Bn | 147.86 Mn | 17.93% |
| 10 | Under Armour | 2.19 Bn | 1.80 Bn | 593.83 Mn | 4.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 7.82% |
| Mar 1, 2026 | 11.40% |
| Nov 30, 2025 | 11.93% |
| Aug 31, 2025 | 10.85% |
| Jun 1, 2025 | 7.47% |
| Mar 2, 2025 | 12.55% |
| Dec 1, 2024 | 11.91% |
| Aug 25, 2024 | 2.27% |
| May 26, 2024 | 1.54% |
| Feb 25, 2024 | 0.04% |
| Nov 26, 2023 | 11.67% |
| Aug 27, 2023 | 2.30% |
| May 28, 2023 | 0.74% |
| Feb 26, 2023 | 9.32% |
| Nov 27, 2022 | 8.62% |
| Aug 28, 2022 | 13.12% |
| May 29, 2022 | 5.18% |
| Feb 27, 2022 | 14.71% |
| Nov 28, 2021 | 11.06% |
| Aug 29, 2021 | 14.44% |