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RH (RH) gross margin by quarter

RH's gross margin was 48.2% in Q2 FY27 (second quarter fiscal 2027), +5.3 pts from Q4 FY26. Over the last 6 quarters it ranged from 42.9% (Q4 FY26) to 48.2% (Q2 FY27).

RH gross margin by quarterRH gross margin by quarter44.7%Q4 FY2543.7%Q1 FY2645.5%Q2 FY2644.1%Q3 FY2642.9%Q4 FY2648.2%Q2 FY27
QuarterGross marginQ/QY/Y
Q2 FY2748.2%+5.3 pts+2.7 pts
Q4 FY2642.9%-1.2 pts-1.8 pts
Q3 FY2644.1%-1.4 pts—
Q2 FY2645.5%+1.9 pts—
Q1 FY2643.7%-1.0 pts—
Q4 FY2544.7%——

Q2 FY27 at a glance

RH, Q2 FY27: revenue $922M (+3% year over year), operating margin 11.7%, net earnings $60.2M, operating cash flow $145M. The chart follows the revenue to costs, profit and cash.

Questions

What is RH's gross margin?

RH's gross margin was 48.2% in Q2 FY27 (second quarter fiscal 2027), +5.3 pts from Q4 FY26.

How has RH's gross margin changed?

Over the last 6 quarters it ranged from 42.9% (Q4 FY26) to 48.2% (Q2 FY27).

Q2 FY27 results → · How RH makes money →