TTM
22.5%
YoY change
−0.12pp
Trough year (1996)
13.7%
Peak year (1987)
25.8%
Latest annual
22.5%
Gross Margin history chart for Best Buy Co. (BBY) from 1986 to 2026
Latest: 22.5%
Gross Margin change chart for Best Buy Co. (BBY) from 1986 to 2026
Latest: −0.12pp
Gross Margin history table for Best Buy Co. (BBY) from 1986 to 2026
| 2026 | 22.5% | -0.12pp | ||
| 2025 | 22.6% | +0.50pp | ||
| 2024 | 22.1% | +0.69pp | ||
| 2023 | 21.4% | -1.08pp | ||
| 2022 | 22.5% | +0.12pp | ||
| 2021 | 22.4% | -0.65pp | ||
| 2020 | 23.0% | -0.20pp | ||
| 2019 | 23.2% | -0.20pp | ||
| 2018 | 23.4% | -0.53pp | ||
| 2017 | 24.0% | +0.71pp | ||
| 2016 | 23.3% | +0.82pp | ||
| 2015 | 22.4% | -0.72pp | ||
| 2014 | 23.1% | -0.45pp | ||
| 2013 | 23.6% | -0.57pp | ||
| 2012 | 24.2% | -0.78pp | ||
| 2011 | 24.9% | +0.71pp | ||
| 2010 | 24.2% | -0.20pp | ||
| 2009 | 24.4% | +0.58pp | ||
| 2008 | 23.9% | -0.55pp | ||
| 2007 | 24.4% | -0.64pp | ||
| 2006 | 25.0% | +1.37pp | ||
| 2005 | 23.7% | -0.24pp | ||
| 2004 | 23.9% | +0.31pp | ||
| 2003 | 23.6% | +2.32pp | ||
| 2002 | 21.3% | +1.46pp | ||
| 2001 | 19.8% | -0.20pp | ||
| 2000 | 20.0% | +1.25pp | ||
| 1999 | 18.8% | +2.23pp | ||
| 1998 | 16.5% | +2.06pp | ||
| 1997 | 14.5% | +0.76pp | ||
| 1996 | 13.7% | -0.62pp | ||
| 1995 | 14.4% | -1.59pp | ||
| 1994 | 15.9% | -2.51pp | ||
| 1993 | 18.5% | -2.10pp | ||
| 1992 | 20.6% | -1.92pp | ||
| 1991 | 22.5% | -2.07pp | ||
| 1990 | 24.5% | +0.27pp | ||
| 1989 | 24.3% | -0.65pp | ||
| 1988 | 24.9% | -0.93pp | ||
| 1987 | 25.8% | +0.20pp | ||
| 1986 | 25.6% | — |
- 202622.5%-0.12pp
- 202522.6%+0.50pp
- 202422.1%+0.69pp
- 202321.4%-1.08pp
- 202222.5%+0.12pp
- 202122.4%-0.65pp
- 202023.0%-0.20pp
- 201923.2%-0.20pp
- 201823.4%-0.53pp
- 201724.0%+0.71pp
- 201623.3%+0.82pp
- 201522.4%-0.72pp
- 201423.1%-0.45pp
- 201323.6%-0.57pp
- 201224.2%-0.78pp
- 201124.9%+0.71pp
- 201024.2%-0.20pp
- 200924.4%+0.58pp
- 200823.9%-0.55pp
- 200724.4%-0.64pp
- 200625.0%+1.37pp
- 200523.7%-0.24pp
- 200423.9%+0.31pp
- 200323.6%+2.32pp
- 200221.3%+1.46pp
- 200119.8%-0.20pp
- 200020.0%+1.25pp
- 199918.8%+2.23pp
- 199816.5%+2.06pp
- 199714.5%+0.76pp
- 199613.7%-0.62pp
- 199514.4%-1.59pp
- 199415.9%-2.51pp
- 199318.5%-2.10pp
- 199220.6%-1.92pp
- 199122.5%-2.07pp
- 199024.5%+0.27pp
- 198924.3%-0.65pp
- 198824.9%-0.93pp
- 198725.8%+0.20pp
- 198625.6%—
Gross Margin values are taken from Best Buy Co.'s reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Best Buy Co. (BBY)
According to Best Buy Co.'s latest reported financial statements, the company's latest reported gross margin is 22.5%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Best Buy Co. (BBY) most recent annual gross margin stands at 22.48% (2026) – contracted 0.1 percentage points year-over-year.
The highest annual gross margin of 25.85% was reported in 1987. The lowest in the available history was 13.74% in 1996.
Best Buy Co. Gross Margin by Year
Best Buy Co. Gross Margin 2026: 22.5%
In 2026, Best Buy Co. reported gross margin of 22.48%, contracted 0.1 percentage points from 2025.
Best Buy Co. Gross Margin 2025: 22.6%
Best Buy Co. gross margin in 2025 was 22.60%, expanded 0.5 percentage points from 2024.
Best Buy Co. Gross Margin 2024: 22.1%
2024's gross margin for Best Buy Co. came in at 22.10%, expanded 0.7 percentage points from 2023.
Best Buy Co. Gross Margin 2023: 21.4%
Best Buy Co. posted gross margin of 21.41% in 2023, contracted 1.1 percentage points from 2022.
Best Buy Co. Gross Margin 2022: 22.5%
Best Buy Co. gross margin in 2022 was 22.49%.
See more financial history for Best Buy Co. (BBY).
Sector peers by Gross Margin
Consumer Cyclical peers of Best Buy Co. (BBY), ranked by their latest gross margin
| 100.0% | |
| 57.4% | |
| 56.0% | |
| 50.6% | |
| 39.8% | |
| 33.1% | |
| 31.4% | |
| 19.1% |
- 100.0%
- 57.4%
- 56.0%
- 50.6%
- 39.8%
- 33.1%
- 31.4%
- 19.1%
Frequently asked questions
Best Buy Co. (BBY) Key Financials
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