Filing Flows › Bath & Body Works (BBWI) › Q4 FY26
Bath & Body Works (BBWI) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 12, 2026
Bath & Body Works (BBWI) reported revenue of $2.7B for the fourth quarter fiscal 2026 (Q4 FY26), -2% from a year earlier and +71% from the quarter before. Operating margin was 22.0%, net earnings $403M (14.8% of revenue).
Bath & Body Works, Q4 FY26: revenue $2.7B (-2% year over year), operating margin 22.0%, net earnings $403M, operating cash flow $877M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +71% | -2% |
| Gross profit | $1.2B | +89% | -4% |
| Operating profit | $599M | +272% | -12% |
| Net earnings | $403M | +423% | -11% |
| Operating cash flow | $877M | +996% | -8% |
| Free cash flow | $814M | — | -9% |
What changed
Revenue was $2.7B in Q4 FY26, down 2% year over year and up 71% from the previous quarter.
Gross margin was 45.7%, down 1.0 points from Q4 FY25. Operating profit was $0.60B, a 22.0% margin (down 2.3 points year over year). Operating expenses grew 4% against a revenue fall of 2%. Net earnings were $0.40B, down 11% year over year. The effective tax rate was 25.1%.
Operating cash flow was $0.88B (down 8% year over year), 218% of net earnings. Non-cash charges added back $0.06B of depreciation and $0.01B of share-based compensation. Working capital and other items added $0.41B. Capital expenditures of $0.06B left free cash flow of $0.81B.
Questions
What was Bath & Body Works' revenue in the fourth quarter fiscal 2026?
Bath & Body Works (BBWI) reported revenue of $2.7B for the fourth quarter fiscal 2026 (Q4 FY26), -2% from a year earlier and +71% from the quarter before.
Was Bath & Body Works profitable in the fourth quarter fiscal 2026?
Operating profit was $599M (22.0% of revenue) and net earnings $403M.
Source: Bath & Body Works 10-K on SEC EDGAR.