V F (VFC) Operating Margin (2009 - 2026)
V F's (VFC) quarterly Operating Margin came in at 4.98% in Q2 2026, down 6.0% year-over-year from 5.29% in Q2 2025, and down 275.25% quarter-over-quarter from 2.84% in Q1 2026.
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V F (VFC) Operating Margin (2009 - 2026) Analysis & Trends
V F has disclosed Operating Margin across 18 years of filings, most recently posting 4.98% for Q2 2026.
- In Q2 2026, Operating Margin fell 6.0% year-over-year to 4.98%; the TTM figure through Jun 2026 stood at 6.1% (up 252.0% YoY), while the FY2026 annual figure was 6.0%, up 281.0% from the prior year.
- Operating Margin came in at 4.98% for Q2 2026 at V F, down from 2.84% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 23.02% in Q2 2023 to a low of 16.61% in Q1 2024.
- Average Operating Margin over 5 years is 4.02%, with a median of 2.84% recorded in 2026.
- Year-over-year, Operating Margin slumped 7945 bps in 2022 and surged 1621 bps in 2023.
- Over 5 years, Operating Margin stood at 14.62% in 2022, then slumped by 122 bps to 3.28% in 2023, then soared by 343 bps to 7.97% in 2024, then gained by 26 bps to 10.05% in 2025, then slumped by 150 bps to 4.98% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 4.98% in Q2 2026, 2.84% in Q1 2026, and 10.05% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Lululemon Athletica | 10.94 Bn | 9.55 Bn | 1.46 Bn | 18.78% |
| 2 | Gildan Activewear | 7.84 Bn | 7.57 Bn | 459.76 Mn | 11.12% |
| 3 | Levi Strauss | 7.76 Bn | 6.78 Bn | 979.10 Mn | 7.82% |
| 4 | V F | 4.94 Bn | 4.27 Bn | 917.04 Mn | -4.98% |
| 5 | Kontoor Brands | 3.65 Bn | 3.59 Bn | 328.26 Mn | 15.49% |
| 6 | Pvh | 3.19 Bn | 2.22 Bn | 1.32 Bn | -9.10% |
| 7 | Warby Parker | 3.02 Bn | 2.72 Bn | 136.46 Mn | 1.34% |
| 8 | Columbia Sportswear | 2.89 Bn | 2.27 Bn | 358.43 Mn | 5.03% |
| 9 | Figs | 2.16 Bn | 1.86 Bn | 147.86 Mn | 17.93% |
| 10 | Under Armour | 2.07 Bn | 1.67 Bn | 593.83 Mn | 4.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | -4.98% |
| Mar 28, 2026 | 2.84% |
| Dec 27, 2025 | 10.05% |
| Sep 27, 2025 | 11.15% |
| Jun 28, 2025 | -4.92% |
| Mar 29, 2025 | -3.40% |
| Dec 28, 2024 | 7.97% |
| Sep 28, 2024 | 9.93% |
| Jun 29, 2024 | -6.95% |
| Mar 30, 2024 | -16.61% |
| Dec 30, 2023 | -3.28% |
| Sep 30, 2023 | 12.00% |
| Jul 1, 2023 | -0.43% |
| Apr 1, 2023 | 23.02% |
| Dec 31, 2022 | 14.62% |
| Oct 1, 2022 | -2.95% |
| Jul 2, 2022 | 2.80% |
| Apr 2, 2022 | 6.81% |
| Jan 1, 2022 | 18.72% |
| Oct 2, 2021 | 17.46% |