TTM
6.0%
YoY change
+3.13pp
Trough year (2024)
-1.5%
Peak year (1986)
19.1%
Latest annual
6.3%
Operating Margin history chart for V.F. (VFC) from 1986 to 2026
Latest: 6.3%
Operating Margin change chart for V.F. (VFC) from 1986 to 2026
Latest: +3.13pp
Operating Margin history table for V.F. (VFC) from 1986 to 2026
| 2026 | 6.3% | +3.13pp | ||
| 2025 | 3.2% | +4.65pp | ||
| 2024 | -1.5% | -10.46pp | ||
| 2023 | 9.0% | -4.78pp | ||
| 2022 | 13.8% | +7.21pp | ||
| 2021 | 6.6% | -2.27pp | ||
| 2020 | 8.8% | -2.75pp | ||
| 2019 | 11.6% | -0.31pp | ||
| 2018 | 11.9% | -1.30pp | ||
| 2017 | 13.2% | -1.76pp | ||
| 2016 | 15.0% | -0.18pp | ||
| 2015 | 15.1% | +0.71pp | ||
| 2014 | 14.4% | 0.00pp | ||
| 2013 | 14.4% | +1.26pp | ||
| 2012 | 13.2% | +2.50pp | ||
| 2011 | 10.7% | +0.45pp | ||
| 2010 | 10.2% | -2.08pp | ||
| 2009 | 12.3% | -1.09pp | ||
| 2008 | 13.4% | +0.08pp | ||
| 2007 | 13.3% | -0.29pp | ||
| 2006 | 13.6% | +0.85pp | ||
| 2005 | 12.7% | +0.35pp | ||
| 2004 | 12.4% | +0.15pp | ||
| 2003 | 12.2% | +5.58pp | ||
| 2002 | 6.7% | -2.71pp | ||
| 2001 | 9.4% | -2.40pp | ||
| 2000 | 11.8% | -0.90pp | ||
| 1999 | 12.7% | +1.05pp | ||
| 1998 | 11.6% | +0.76pp | ||
| 1997 | 10.8% | +3.86pp | ||
| 1996 | 7.0% | -3.86pp | ||
| 1995 | 10.8% | +0.84pp | ||
| 1994 | 10.0% | -1.23pp | ||
| 1993 | 11.2% | +0.93pp | ||
| 1992 | 10.3% | +0.75pp | ||
| 1991 | 9.5% | -2.81pp | ||
| 1990 | 12.4% | -0.40pp | ||
| 1989 | 12.8% | -1.17pp | ||
| 1988 | 13.9% | -3.13pp | ||
| 1987 | 17.1% | -2.01pp | ||
| 1986 | 19.1% | — |
- 20266.3%+3.13pp
- 20253.2%+4.65pp
- 2024-1.5%-10.46pp
- 20239.0%-4.78pp
- 202213.8%+7.21pp
- 20216.6%-2.27pp
- 20208.8%-2.75pp
- 201911.6%-0.31pp
- 201811.9%-1.30pp
- 201713.2%-1.76pp
- 201615.0%-0.18pp
- 201515.1%+0.71pp
- 201414.4%0.00pp
- 201314.4%+1.26pp
- 201213.2%+2.50pp
- 201110.7%+0.45pp
- 201010.2%-2.08pp
- 200912.3%-1.09pp
- 200813.4%+0.08pp
- 200713.3%-0.29pp
- 200613.6%+0.85pp
- 200512.7%+0.35pp
- 200412.4%+0.15pp
- 200312.2%+5.58pp
- 20026.7%-2.71pp
- 20019.4%-2.40pp
- 200011.8%-0.90pp
- 199912.7%+1.05pp
- 199811.6%+0.76pp
- 199710.8%+3.86pp
- 19967.0%-3.86pp
- 199510.8%+0.84pp
- 199410.0%-1.23pp
- 199311.2%+0.93pp
- 199210.3%+0.75pp
- 19919.5%-2.81pp
- 199012.4%-0.40pp
- 198912.8%-1.17pp
- 198813.9%-3.13pp
- 198717.1%-2.01pp
- 198619.1%—
Operating Margin values are taken from V.F.'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 V.F. (VFC)
According to V.F.'s latest reported financial statements, the company's latest reported operating margin is 6.0%. 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 .
The 2026 reading of V.F. (VFC) operating margin is 6.32% – expanded 3.1 percentage points year-over-year.
1986 marks the peak operating margin at 19.07%, with the historical low of -1.45% recorded in 2024.
V.F. Operating Margin by Year
V.F. Operating Margin 2026: 6.3%
V.F. operating margin in 2026 was 6.32%, expanded 3.1 percentage points from 2025.
V.F. Operating Margin 2025: 3.2%
2025's operating margin for V.F. came in at 3.20%, expanded 4.6 percentage points from 2024.
V.F. Operating Margin 2024: -1.5%
V.F. posted operating margin of -1.45% in 2024, contracted 10.5 percentage points from 2023. This figure represents the lowest annual value in the available history.
V.F. Operating Margin 2023: 9.0%
In 2023, V.F. reported operating margin of 9.01%, contracted 4.8 percentage points from 2022.
V.F. Operating Margin 2022: 13.8%
V.F. operating margin in 2022 was 13.78%.
See more financial history for V.F. (VFC).
Sector peers by Operating Margin
Consumer Cyclical peers of V.F. (VFC), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
Frequently asked questions
V.F. (VFC) Key Financials
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