BBWI Bath & Body Works margins

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  2. Consumer Cyclical
  3. NYSE: BBWI
  4. Margins
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Relative Growth: Rel. Growth: 42
Relative Strength: Rel. Strength: 17
Relative Valuation: Rel. Valuation: 97
Relative Profitability: Rel. Profitability: 48
Gross margin
44.1%
Operating margin
16.7%
EBITDA margin
20.6%
Net margin
10.8%

Recent Bath & Body Works shows a gross margin of 44.1%, an operating margin of 16.7%, an EBITDA margin of 20.6%, and a net margin of 10.8%. Net margin improved the most, by 0.9 percentage points, while gross margin declined the most, by 0.5 percentage points.

BBWI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Bath & Body Works's margins averaged 43.87% gross, 16.87% operating, 21.31% EBITDA, and 10.82% net. Currently, gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.

BBWI margin expansion

Year-over-year margin changes in percentage points

Bath & Body Works's net margin expanded by 0.9 percentage points, but gross margin contracted by 0.5 percentage points, operating margin by 0.4 percentage points, and EBITDA margin by 0.5 percentage points.

Gross margin expansion
-0.5pp
Operating margin expansion
-0.4pp
EBITDA margin expansion
-0.5pp
Net margin expansion
0.9pp

BBWI Gross margin

Bath & Body Works recorded an average gross margin of 43.87% across the last 3 years. Bath & Body Works currently reports a gross margin of 44.1%, 0.2 percentage points above its three-year average. Bath & Body Works's gross margin ranged from a low of 42.5% in Oct 2023 to a high of 44.6% in Aug 2025.

BBWI Operating margin

Bath & Body Works recorded an average operating margin of 16.87% across the last 3 years. The current operating margin of 16.7% is 0.2 percentage points below its three-year average. During this period, operating margin reached a high of 17.5% in May 2025 and a low of 15.4% in Jan 2026.

BBWI EBITDA margin

Across the last 3 years, Bath & Body Works had an average EBITDA margin of 21.31%. Against its three-year average, Bath & Body Works's EBITDA margin is currently 20.6%, 0.7 percentage points below its three-year average. Looking back over the last 3 years, Bath & Body Works's EBITDA margin reached 22.5% at its highest point in Aug 2024 and 19.4% at its lowest in Jan 2026.

BBWI Net margin

Looking back over the last 3 years, Bath & Body Works recorded an average net margin of 10.82%. The current net margin of 10.8% is 0 percentage points below its three-year average. The highest net margin for Bath & Body Works was 12.7% in Aug 2024, while the lowest was 8.9% in Jan 2026.

BBWI margin group comparison

Margins compared with peer-group, industry and sector averages

Bath & Body Works's gross margin of 44.1% is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 36.3%, Bath & Body Works's gross margin is 21% higher.

BBWI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Bath & Body Works's gross margin?

For the period ending Aug 1, 2026, BBWI recorded a gross margin of 44.1%.

What is Bath & Body Works's operating margin?

For the period ending Aug 1, 2026, BBWI recorded an operating margin of 16.7%.

What is Bath & Body Works's EBITDA margin?

For the period ending Aug 1, 2026, BBWI recorded an EBITDA margin of 20.6%.

What is Bath & Body Works's net margin?

For the period ending Aug 1, 2026, BBWI recorded a net margin of 10.8%.

What are the average margins of BBWI?

Bath & Body Works's average margins over the last 3 years were 43.9% gross, 16.9% operating, 21.3% EBITDA, and 10.8% net.

What are the highest historical margins of BBWI?

Within the 5-year period, BBWI recorded its highest margins at 50.4% gross in Oct 2021, 26.4% operating in Oct 2021, 36.9% EBITDA in Oct 2021, and 21.1% net in Oct 2021.

What are the lowest historical margins of BBWI?

Over the last 5 years, Bath & Body Works's lowest margins were 42.2% gross in Jul 2023, 15.4% operating in Jan 2026, 19.4% EBITDA in Jan 2026, and 8.9% net in Jan 2026.