BFH Bread Financial Holdings margins

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  2. Financial Services
  3. NYSE: BFH
  4. Margins
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Relative Growth: Rel. Growth: 82
Relative Strength: Rel. Strength: 84
Relative Valuation: Rel. Valuation: 94
Relative Profitability: Rel. Profitability: 85
Gross margin
100%
Operating margin
25.8%
EBITDA margin
28.6%
Net margin
19.9%

The Bread Financial Holdings shows a gross margin of 100%, an operating margin of 25.8%, an EBITDA margin of 28.6%, and a net margin of 19.9%. Operating margin improved by 4.3 percentage points, while other available margins were stable.

BFH margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Bread Financial Holdings's margins averaged 100% gross, 21.81% operating, 25.02% EBITDA, and 17.16% net. For Bread Financial Holdings, operating, EBITDA, and net margins are above their three-year averages.

BFH margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 4.3 percentage points, EBITDA margin by 3.9 percentage points, and net margin by 1.1 percentage points. Gross margin was unchanged.

Gross margin expansion
0pp
Operating margin expansion
4.3pp
EBITDA margin expansion
3.9pp
Net margin expansion
1.1pp

BFH Gross margin

Across the last 3 years, Bread Financial Holdings had an average gross margin of 100%. Against its three-year average, Bread Financial Holdings's gross margin is currently 100%, in line with its three-year average. Looking back over the last 3 years, Bread Financial Holdings's gross margin reached 100% at its highest point in Sep 2026 and 100% at its lowest in Dec 2023.

BFH Operating margin

Bread Financial Holdings's operating margin averaged 21.81% in the last 3 years. Compared with its three-year average, Bread Financial Holdings's current operating margin is 25.8% and is 4 percentage points above its three-year average. Over the last 3 years, Bread Financial Holdings's operating margin peaked at 31.6% in Dec 2023 and reached a low of 15.6% in Dec 2024.

BFH EBITDA margin

Looking back over the last 3 years, Bread Financial Holdings recorded an average EBITDA margin of 25.02%. Bread Financial Holdings's current EBITDA margin is 28.6% and is 3.6 percentage points above its three-year average. The highest EBITDA margin for Bread Financial Holdings was 34.8% in Dec 2023, while the lowest was 19% in Jun 2025.

BFH Net margin

Bread Financial Holdings's net margin averaged 17.16% across the past 3 years. The current net margin stands at 19.9%, 2.7 percentage points above its three-year average. Over the last 3 years, Bread Financial Holdings's net margin peaked at 23.5% in Dec 2023 and reached a low of 11.3% in Dec 2024.

BFH margin group comparison

Margins compared with peer-group, industry and sector averages

Bread Financial Holdings's gross margin of 100% is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 83.4%, Bread Financial Holdings's gross margin is 20% higher.

BFH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Bread Financial Holdings's gross margin?

The current gross margin for BFH is 100% as of Sep 30, 2026.

What is Bread Financial Holdings's operating margin?

For the period ending Sep 30, 2026, BFH recorded an operating margin of 25.8%.

What is Bread Financial Holdings's EBITDA margin?

As of Sep 30, 2026, BFH has an EBITDA margin of 28.6%.

What is Bread Financial Holdings's net margin?

For the period ending Sep 30, 2026, BFH recorded a net margin of 19.9%.

What are the average margins of BFH?

Bread Financial Holdings's average margins over the last 3 years were 100.0% gross, 21.8% operating, 25.0% EBITDA, and 17.2% net.

What are the highest historical margins of BFH?

Within the 5-year period, BFH recorded its highest margins at 100% gross in Sep 2026, 38.3% operating in Dec 2021, 42.9% EBITDA in Dec 2021, and 29.4% net in Dec 2021.

What are the lowest historical margins of BFH?

Across the 5-year period, BFH posted its lowest margins at 100% gross in Dec 2021, 13.4% operating in Dec 2022, 18.5% EBITDA in Dec 2022, and 10% net in Dec 2022.