Rh (RH) Gross Margin (2011 - 2026)
Rh's (RH) quarterly Gross Margin came in at 41.39% in Q2 2026, down 226.0% year-on-year from 32.85% in Q2 2025, and down 3.5% quarter-over-quarter from 42.89% in Q1 2026.
Rh (RH) Gross Margin (2011 - 2026) Analysis & Trends
Rh's Gross Margin history runs 16 years deep, the most recent figure standing at 41.39% for Q2 2026.
- On a quarterly basis, Gross Margin fell 226.0% year-over-year to 41.39% in Q2 2026; TTM through May 2026 was 43.54%, a 96.0% decrease from a year earlier, with the FY2026 full-year figure at 44.07%, down 42.0% from the prior year.
- Gross Margin fell to 41.39% in Q2 2026 per RH's latest filing, from 42.89% in the prior quarter.
- Across five years, Gross Margin topped out at 52.76% in Q3 2022 and bottomed at 41.39% in Q2 2026.
- The 5-year median for Gross Margin is 45.24% (2023), against an average of 46.12%.
- Across the five-year window, Gross Margin soared 480 bps in 2022 and slumped 528 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 48.42% in 2022, then dropped by 6 bps to 45.32% in 2023, then dropped by 2 bps to 44.51% in 2024, then fell by 1 bps to 44.1% in 2025, then fell by 6 bps to 41.39% in 2026.
- Per Business Quant, the three latest RH Gross Margin figures stand at 41.39% (Q2 2026), 42.89% (Q1 2026), and 44.1% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.43 Bn | 31.91 Bn | 1.08 Bn | 23.63% |
| 2 | NaaS Technology | 31.54 Bn | 31.54 Bn | - | - |
| 3 | Williams Sonoma | 28.17 Bn | 27.15 Bn | 1.10 Bn | 46.87% |
| 4 | Ulta Beauty | 23.05 Bn | 22.56 Bn | 1.48 Bn | 38.06% |
| 5 | Best Buy | 18.23 Bn | 16.48 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 16.52 Bn | 15.17 Bn | 1.77 Bn | 28.43% |
| 7 | MINISO Group Holding | 15.94 Bn | 14.87 Bn | 414.86 Mn | 46.39% |
| 8 | Tractor Supply | 15.92 Bn | 15.70 Bn | 1.30 Bn | 36.22% |
| 9 | Five Below | 12.14 Bn | 11.21 Bn | 696.98 Mn | 40.32% |
| 10 | Rh | 3.12 Bn | 3.05 Bn | 331.26 Mn | 41.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 41.39% |
| Jan 31, 2026 | 42.89% |
| Nov 1, 2025 | 44.10% |
| Aug 2, 2025 | 45.52% |
| May 3, 2025 | 43.66% |
| Feb 1, 2025 | 44.66% |
| Nov 2, 2024 | 44.51% |
| Aug 3, 2024 | 45.17% |
| May 4, 2024 | 43.47% |
| Feb 3, 2024 | 43.47% |
| Oct 28, 2023 | 45.32% |
| Jul 29, 2023 | 47.48% |
| Apr 29, 2023 | 47.02% |
| Jan 28, 2023 | 47.82% |
| Oct 29, 2022 | 48.42% |
| Jul 30, 2022 | 52.76% |
| Apr 30, 2022 | 52.08% |
| Jan 29, 2022 | 50.46% |
| Oct 30, 2021 | 50.20% |
| Jul 31, 2021 | 49.32% |