Filing Flows › Bath & Body Works (BBWI) › Q3 FY26
Bath & Body Works (BBWI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 20, 2025
Bath & Body Works (BBWI) reported revenue of $1.6B for the third quarter fiscal 2026 (Q3 FY26), -1% from a year earlier and +3% from the quarter before. Operating margin was 10.1%, net earnings $77.0M (4.8% of revenue).
Bath & Body Works, Q3 FY26: revenue $1.6B (-1% year over year), operating margin 10.1%, net earnings $77.0M, operating cash flow $80.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +3% | -1% |
| Gross profit | $658M | +3% | -6% |
| Operating profit | $161M | +3% | -26% |
| Net earnings | $77.0M | +20% | -27% |
| Operating cash flow | $80.0M | — | — |
What changed
Revenue was $1.6B in Q3 FY26, down 1% year over year and up 3% from the previous quarter.
Gross margin was 41.3%, down 2.2 points from a year earlier. Operating profit was $0.16B, a 10.1% margin (down 3.4 points year over year). Operating expenses grew 3% against a revenue fall of 1%. Net earnings were $0.08B, down 27% year over year. The effective tax rate was 25.2%.
Operating cash flow was $0.08B, 104% of net earnings. Non-cash charges added back $0.06B of depreciation and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Bath & Body Works' revenue in the third quarter fiscal 2026?
Bath & Body Works (BBWI) reported revenue of $1.6B for the third quarter fiscal 2026 (Q3 FY26), -1% from a year earlier and +3% from the quarter before.
Was Bath & Body Works profitable in the third quarter fiscal 2026?
Operating profit was $161M (10.1% of revenue) and net earnings $77.0M.
Source: Bath & Body Works 10-Q on SEC EDGAR.