V F (VFC) Operating Margin (2009 - 2026)

V F (VFC) posted Operating Margin of 4.98% for Q2 2026, down 275.25% sequentially from 2.84% in Q1 2026, and down 6.0% YoY from 5.29% in Q2 2025.

V F (VFC) Operating Margin (2009 - 2026) Analysis & Trends

V F has reported Operating Margin for 18 years, with the latest figure at 4.98% in Q2 2026.

Quarterly Operating Margin fell 6.0% year-over-year to 4.98% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 6.1% (up 252.0% YoY) and the FY2026 annual result came in at 6.0%, up 281.0% from the prior year.
Operating Margin declined to 4.98% in Q2 2026 per VFC's latest filing, from 2.84% in the prior quarter.
Over five years, Operating Margin peaked at 23.02% in Q2 2023 and troughed at 16.61% in Q1 2024.
A 5-year average of 4.02% and a median of 2.84% in 2026 frame the typical range for Operating Margin.
The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 7945 bps in 2022, then soared 1621 bps in 2023.
Over 5 years, Operating Margin stood at 14.62% in 2022, then plunged by 122 bps to 3.28% in 2023, then surged by 343 bps to 7.97% in 2024, then climbed by 26 bps to 10.05% in 2025, then plunged by 150 bps to 4.98% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 4.98%, 2.84%, and 10.05% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Ralph Lauren	22.42 Bn	20.48 Bn	1.44 Bn	17.47%
2	Gildan Activewear	10.49 Bn	10.22 Bn	459.76 Mn	11.12%
3	Levi Strauss	8.28 Bn	7.30 Bn	979.10 Mn	7.82%
4	V F	5.64 Bn	4.97 Bn	917.04 Mn	-4.98%
5	Kontoor Brands	4.50 Bn	4.44 Bn	328.26 Mn	15.49%
6	Pvh	3.60 Bn	3.00 Bn	1.19 Bn	6.14%
7	Ermenegildo Zegna	3.59 Bn	3.24 Bn	-	-
8	Columbia Sportswear	3.09 Bn	2.47 Bn	358.43 Mn	5.03%
9	Figs	2.46 Bn	2.16 Bn	147.86 Mn	17.93%
10	Under Armour	2.19 Bn	1.79 Bn	593.83 Mn	4.26%

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