Company / Operating Margin
Bath & Body Works, Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
15.4%
FY2025
5-year range
15.4% / 25.5%
FY2021-FY2025
Trend
-10.9%
vs FY2024
Sector context
#46 of 195
Consumer Discretionary
What the data says
Bath & Body Works, Inc.'s operating margin of 15.4% is higher than 76% of companies in the Consumer Discretionary sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 9.3% in FY2020 to 25.5% in FY2023.
Based on SEC 10-K filings.
15.4% in FY2025 with a 5-year CAGR of +6.1%. Top quartile in the Consumer Discretionary sector.
Declined from 25.5% to 15.4% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -9.5pp
- 5-Year Change
- +6.1pp
- 10-Year Change
- -
Sector benchmark
+330.6% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 10.9% year-over-year.
- Currently 11.9pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2020.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 15.4% | -10.9% |
| FY2024 | 17.3% | -32.0% |
| FY2023 | 25.5% | +2.2% |
| FY2022 | 24.9% | +29.6% |
| FY2021 | 19.2% | +105.8% |
| FY2020 | 9.3% | -51.4% |
| FY2019 | 19.2% | +105.8% |
| FY2018 | 9.3% | -31.7% |
| FY2017 | 13.7% | -19.8% |
| FY2016 | 17.1% | +5.4% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026