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Bath & Body Works BBWI Operating Income

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Segments

By segment

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Reportable Segment$231M+10.5%

Other financials

Income statement

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Revenue$1.4B-3.2%
Gross profit$587.0M-9.1%
Net income$183.0M+74.3%
EPS (diluted)$0.90+83.7%

Balance sheet

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Cash & equivalents$820.0M+28.9%
Total debt$4.7B-5.4%
Total equity-$1.1B+21.9%
Total assets$5.0B+1.7%

Cash flow

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Operating cash flow$244.0M+29.8%
CapEx$49.0M+32.4%
Free cash flow$195.0M+29.1%

Valuation

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Market cap$4.06B-34.1%
Enterprise value$7.95B-26.3%
P/E5.6×-2.9×
P/S0.6×-0.3×

Profitability

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Gross margin43.2%-1.4pp
Operating margin15.8%-1.7pp
Net margin10%-1.1pp
FCF margin10.6%+0.7pp

Returns & leverage

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Return on equity-56.3%
Debt / equity262.3×
Current ratio1.4×0.0×

Where this comes from

Reported directly by Bath & Body Works in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Bath & Body Works’s 10-Q, filed May 27, 2026.

Filed
May 27, 2026, 4:22 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000701985-26-000014
Line itemFirst Quarter / 2026First Quarter / 2025
Costs of Goods Sold, Buying and Occupancy(791)(778)
Gross Profit587646
General, Administrative and Store Operating Expenses(356)(437)
Operating Income231209
Interest Expense(69)(71)
Other Income, Net48
Income Before Income Taxes166146
Benefit (Provision) for Income Taxes17(41)

Item 1. Financial Statements

FAQ

What is Bath & Body Works's operating income?
Bath & Body Works (BBWI) reported operating income of $231M in Q1 2026.
How has Bath & Body Works's operating income changed year-over-year?
Bath & Body Works's operating income increased by 10.5% year-over-year, from $209M to $231M.
What is the long-term trend for Bath & Body Works's operating income?
Over 4 years (2021 to 2025), Bath & Body Works's operating income has grown at a -13.5% compound annual growth rate (CAGR), from $2.01B to $1.13B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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