TTM
19.6%
YoY change
+5.97pp
Trough year (2020)
-6.8%
Peak year (2021)
19.4%
Latest annual
17.9%
Operating Margin history chart for Kenvue (KVUE) from 2019 to 2025
Latest: 17.9%
Operating Margin change chart for Kenvue (KVUE) from 2019 to 2025
Latest: +5.97pp
Operating Margin history table for Kenvue (KVUE) from 2019 to 2025
| 2025 | 17.9% | +5.97pp | ||
| 2024 | 11.9% | -4.35pp | ||
| 2023 | 16.3% | -1.63pp | ||
| 2022 | 17.9% | -1.50pp | ||
| 2021 | 19.4% | +26.16pp | ||
| 2020 | -6.8% | -19.65pp | ||
| 2019 | 12.9% | — |
- 202517.9%+5.97pp
- 202411.9%-4.35pp
- 202316.3%-1.63pp
- 202217.9%-1.50pp
- 202119.4%+26.16pp
- 2020-6.8%-19.65pp
- 201912.9%—
Operating Margin values are taken from Kenvue'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 Operating Margin at Kenvue (KVUE)
According to Kenvue's latest reported financial statements, the company's latest reported operating margin is 19.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Kenvue (KVUE) came in at 17.88% – expanded 6.0 percentage points year-over-year.
The highest annual operating margin of 19.40% was reported in 2021. The lowest in the available history was -6.77% in 2020.
Kenvue Operating Margin by Year
Kenvue Operating Margin 2025: 17.9%
In 2025, Kenvue reported operating margin of 17.88%, expanded 6.0 percentage points from 2024.
Kenvue Operating Margin 2024: 11.9%
Kenvue operating margin in 2024 was 11.91%, contracted 4.4 percentage points from 2023.
Kenvue Operating Margin 2023: 16.3%
2023's operating margin for Kenvue came in at 16.27%, contracted 1.6 percentage points from 2022.
Kenvue Operating Margin 2022: 17.9%
Kenvue posted operating margin of 17.89% in 2022, contracted 1.5 percentage points from 2021.
Kenvue Operating Margin 2021: 19.4%
Kenvue operating margin in 2021 was 19.40%.
See more financial history for Kenvue (KVUE).
Sector peers by Operating Margin
Consumer Defensive peers of Kenvue (KVUE), ranked by their latest operating margin
| 50.7% | |
| 36.8% | |
| 29.3% | |
| 29.3% | |
| 23.2% | |
| 14.8% | |
| 4.2% | |
| 3.8% |
- 50.7%
- 29.3%
- 14.8%
- 4.2%
- 3.8%
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