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RH (RH) operating margin by quarter

RH's operating margin was 11.7% in Q2 FY27 (second quarter fiscal 2027), +0.2 pts from Q4 FY26. Over the last 6 quarters it ranged from 6.9% (Q1 FY26) to 14.3% (Q2 FY26).

RH operating margin by quarterRH operating margin by quarter8.7%Q4 FY256.9%Q1 FY2614.3%Q2 FY2612.0%Q3 FY2611.5%Q4 FY2611.7%Q2 FY27
QuarterOperating marginQ/QY/Y
Q2 FY2711.7%+0.2 pts-2.7 pts
Q4 FY2611.5%-0.5 pts+2.8 pts
Q3 FY2612.0%-2.3 pts—
Q2 FY2614.3%+7.5 pts—
Q1 FY266.9%-1.8 pts—
Q4 FY258.7%——

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 operating margin?

RH's operating margin was 11.7% in Q2 FY27 (second quarter fiscal 2027), +0.2 pts from Q4 FY26.

How has RH's operating margin changed?

Over the last 6 quarters it ranged from 6.9% (Q1 FY26) to 14.3% (Q2 FY26).

Q2 FY27 results → · How RH makes money →