Lowes Companies (LOW) Operating Margin (2009 - 2026)

Lowes Companies' Operating Margin history runs 18 years deep, the most recent figure standing at 11.07% for Q2 2026.

• Quarterly Operating Margin fell 85.0% year-over-year to 11.07% in Q2 2026, while the trailing twelve-month figure through May 2026 was 11.55% (down 83.0% YoY) and the FY2026 annual result came in at 11.77%, down 74.0% from the prior year.
• Operating Margin was 11.07% for Q2 2026 at Lowes Companies, up from 8.3% in the prior quarter.
• Across five years, Operating Margin topped out at 15.57% in Q3 2023 and bottomed at 3.94% in Q4 2022.
• A 5-year average of 11.62% and a median of 12.17% in 2025 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2022 — Operating Margin sank 823 bps — and 2023, when it surged 923 bps.
• Lowes Companies' Operating Margin stood at 3.94% in 2022, then jumped by 235 bps to 13.17% in 2023, then slipped by 5 bps to 12.57% in 2024, then declined by 5 bps to 11.92% in 2025, then slipped by 7 bps to 11.07% in 2026.
• Business Quant data shows LOW's Operating Margin at 11.07% in Q2 2026, 8.3% in Q1 2026, and 11.92% in Q4 2025.