Filing Flows › Bath & Body Works (BBWI) › Q2 FY26
Bath & Body Works (BBWI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 28, 2025
Bath & Body Works (BBWI) reported revenue of $1.5B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +9% from the quarter before. Operating margin was 10.1%, net earnings $64.0M (4.1% of revenue).
Bath & Body Works, Q2 FY26: revenue $1.5B (+2% year over year), operating margin 10.1%, net earnings $64.0M, operating cash flow −$43.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +9% | +2% |
| Gross profit | $640M | -0.9% | +2% |
| Operating profit | $157M | -25% | -14% |
| Net earnings | $64.0M | -39% | -58% |
| Operating cash flow | −$43.0M | -123% | — |
What changed
Revenue was $1.5B in Q2 FY26, up 2% year over year and up 9% from the previous quarter.
Gross margin was 41.3%, up 0.3 points from a year earlier. Operating profit was $0.16B, a 10.1% margin (down 1.9 points year over year). Operating profit fell $0.03B even though revenue rose $0.02B versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 2%. Net earnings were $0.06B, down 58% year over year. The effective tax rate was 32.6%.
Operating cash flow was −$0.04B. Non-cash charges added back $0.06B of depreciation and $0.01B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Bath & Body Works' revenue in the second quarter fiscal 2026?
Bath & Body Works (BBWI) reported revenue of $1.5B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +9% from the quarter before.
Was Bath & Body Works profitable in the second quarter fiscal 2026?
Operating profit was $157M (10.1% of revenue) and net earnings $64.0M.
Source: Bath & Body Works 10-Q on SEC EDGAR.