Sally Beauty Holdings (SBH) Operating Margin (2009 - 2026)
Sally Beauty Holdings (SBH) posted Operating Margin of 7.96% for Q1 2026, down 1.1% on a QoQ basis from 8.05% in Q4 2025, and up 11.0% year-over-year from 7.17% in Q1 2025.
Sally Beauty Holdings (SBH) Operating Margin (2009 - 2026) Analysis & Trends
Sally Beauty Holdings' Operating Margin history runs 18 years deep, the most recent figure standing at 7.96% for Q1 2026.
- Quarterly Operating Margin rose 11.0% year-over-year to 7.96% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.21% (down 54.0% YoY) and the FY2025 annual result came in at 8.86%, up 125.0% from the prior year.
- Operating Margin was 7.96% for Q1 2026 at Sally Beauty Holdings, down from 8.05% in the prior quarter.
- Across five years, Operating Margin topped out at 10.7% in Q4 2024 and bottomed at 4.07% in Q3 2022.
- A 5-year average of 8.26% and a median of 8.35% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 716 bps — and 2023, when it surged 427 bps.
- Sally Beauty Holdings' Operating Margin stood at 9.05% in 2022, then declined by 18 bps to 7.42% in 2023, then soared by 44 bps to 10.7% in 2024, then slipped by 25 bps to 8.05% in 2025, then decreased by 1 bps to 7.96% in 2026.
- Business Quant data shows SBH's Operating Margin at 7.96% in Q1 2026, 8.05% in Q4 2025, and 8.44% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.43 Bn | 31.91 Bn | 1.08 Bn | 7.66% |
| 2 | NaaS Technology | 31.54 Bn | 31.54 Bn | - | - |
| 3 | Williams Sonoma | 28.17 Bn | 27.15 Bn | 1.10 Bn | 20.27% |
| 4 | Ulta Beauty | 23.05 Bn | 22.56 Bn | 1.48 Bn | 12.23% |
| 5 | Best Buy | 18.23 Bn | 16.48 Bn | 2.10 Bn | 4.14% |
| 6 | Dick'S Sporting Goods | 16.52 Bn | 15.17 Bn | 1.77 Bn | 2.96% |
| 7 | MINISO Group Holding | 15.94 Bn | 14.87 Bn | 414.86 Mn | 14.56% |
| 8 | Tractor Supply | 15.92 Bn | 15.70 Bn | 1.30 Bn | 6.50% |
| 9 | Five Below | 12.14 Bn | 11.21 Bn | 696.98 Mn | 17.99% |
| 10 | Sally Beauty Holdings | 1.48 Bn | 1.33 Bn | 475.77 Mn | 7.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.96% |
| Dec 31, 2025 | 8.05% |
| Sep 30, 2025 | 8.44% |
| Jun 30, 2025 | 8.38% |
| Mar 31, 2025 | 7.86% |
| Dec 31, 2024 | 10.70% |
| Sep 30, 2024 | 8.80% |
| Jun 30, 2024 | 7.62% |
| Mar 31, 2024 | 6.56% |
| Dec 31, 2023 | 7.42% |
| Sep 30, 2023 | 8.35% |
| Jun 30, 2023 | 9.68% |
| Mar 31, 2023 | 7.77% |
| Dec 31, 2022 | 9.05% |
| Sep 30, 2022 | 4.07% |
| Jun 30, 2022 | 10.32% |
| Mar 31, 2022 | 9.49% |
| Dec 31, 2021 | 11.51% |
| Sep 30, 2021 | 11.23% |
| Jun 30, 2021 | 12.46% |