Bath & Body Works, Inc. income statement
In fiscal 2026, Bath & Body Works, Inc. reported revenue of $7.29bn, down 0.2% on the year before, operating income of $1.13bn (a 15.4% margin) and net income of $649m, or $3.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Jan 2010 | 2011Jan 2011 | 2012Jan 2012 | 2013Feb 2013 | 2014Feb 2014 | 2015Jan 2015 | 2016Jan 2016 | 2017Jan 2017 | 2018Feb 2018 | 2019Feb 2019 | 2020Feb 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Feb 2024 | 2025Feb 2025 | 2026Jan 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.6 | 9.6 | 10.4 | 10.5 | 10.8 | 11.5 | 12.2 | 12.6 | 12.6 | 13.2 | 5.4 | 6.4 | 7.9 | 7.6 | 7.4 | 7.3 | 7.3 | 7.2 |
| Cost of revenue | 5.6 | 6.0 | 6.3 | 6.1 | 6.3 | 6.6 | 7.0 | 7.4 | 7.7 | 8.3 | 3.0 | 3.3 | 4.0 | 4.3 | 4.2 | 4.1 | 4.1 | 4.0 |
| Gross profit | 3.0 | 3.6 | 4.1 | 4.4 | 4.4 | 4.8 | 5.2 | 5.1 | 5.0 | 4.9 | 2.4 | 3.1 | 3.9 | 3.3 | 3.2 | 3.2 | 3.2 | 3.2 |
| Selling, general and administrative | 2.2 | 2.3 | 2.7 | 2.7 | 2.7 | 2.9 | 3.0 | 3.1 | 3.2 | 3.6 | 1.3 | 1.5 | 1.8 | 1.9 | 2.0 | 2.0 | 2.1 | 2.0 |
| Operating income | 0.9 | 1.3 | 1.2 | 1.6 | 1.7 | 2.0 | 2.2 | 2.0 | 1.7 | 1.2 | 1.0 | 1.6 | 2.0 | 1.4 | 1.3 | 1.3 | 1.1 | 1.2 |
| Interest expense | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Income before tax | — | — | 1.2 | 1.3 | 1.4 | 1.6 | 1.9 | 1.7 | 1.3 | 0.9 | 0.6 | 1.1 | 1.4 | 1.0 | 1.0 | 1.0 | 0.9 | 1.0 |
| Income tax | 0.2 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.7 | 0.5 | 0.3 | 0.2 | 0.1 | 0.3 | 0.3 | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 |
| Net income | 0.4 | 0.8 | 0.9 | 0.8 | 0.9 | 1.0 | 1.3 | 1.2 | 1.0 | 0.6 | −0.4 | 0.8 | 1.3 | 0.8 | 0.9 | 0.8 | 0.6 | 0.8 |
| Diluted EPS | $1.37 | $2.42 | $2.70 | $2.54 | $3.05 | $3.50 | $4.22 | $3.98 | $3.42 | $2.31 | −$1.32 | $3.00 | $4.88 | $3.43 | $3.84 | $3.61 | $3.11 | $3.84 |
| Diluted shares (average) | 327m | 333m | 314m | 297m | 296m | 298m | 297m | 291m | 287m | 279m | 278m | 281m | 273m | 233m | 229m | 221m | 209m | 204m |
| EBITDA | 1.2 | 1.6 | 1.6 | 1.9 | 2.1 | 2.4 | 2.6 | 2.5 | 2.3 | 1.8 | 1.6 | 2.1 | 2.4 | 1.6 | 1.6 | 1.5 | 1.4 | 1.5 |
| Quarter | 2025 Q3Nov 2024 | 2025 Q4Feb 2025 | 2026 Q1May 2025 | 2026 Q2Aug 2025 | 2026 Q3Nov 2025 | 2026 Q4Jan 2026 | 2027 Q1May 2026 | 2027 Q2Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,610 | 2,787 | 1,424 | 1,549 | 1,594 | 2,724 | 1,378 | 1,514 |
| Cost of revenue | 910 | 1,486 | 778 | 909 | 936 | 1,480 | 791 | 822 |
| Gross profit | 700 | 1,301 | 646 | 640 | 658 | 1,244 | 587 | 692 |
| Selling, general and administrative | 482 | 623 | 437 | 483 | 497 | 645 | 356 | 476 |
| Operating income | 218 | 678 | 209 | 157 | 161 | 599 | 231 | 216 |
| Interest expense | 77 | 76 | 71 | 68 | 68 | 68 | 69 | 63 |
| Income before tax | 145 | 611 | 146 | 95 | 103 | 538 | 166 | 164 |
| Income tax | 39 | 158 | 41 | 31 | 26 | 135 | −17 | 46 |
| Net income | 106 | 453 | 105 | 64 | 77 | 403 | 183 | 118 |
| Diluted EPS | $0.49 | $2.06 | $0.49 | $0.30 | $0.37 | $1.94 | $0.90 | $0.58 |
| EBITDA | 287 | 749 | 273 | 221 | 224 | 662 | 292 | 275 |
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