Best Buy Co., Inc. stock research
FY2026 Q1
Best Buy (BBY) Gross Margin & Quarterly History
Explore Best Buy Co., Inc. (BBY) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended May 3, 2025 · FY2026 Q1
Revenue was unchanged from the same quarter one year earlier, while gross profit and cost of revenue both decreased slightly, resulting in a gross margin that was essentially stable. Compared with the immediately preceding quarter, revenue was lower, gross profit was lower, and cost of revenue was lower, yet gross margin improved.
- The gross margin improved sequentially despite lower revenue, indicating that cost of revenue declined at a faster rate than revenue. The year-over-year comparison shows gross margin was nearly unchanged, reflecting a proportional relationship among the three metrics.
- Compared with the prior quarter, gross margin was higher, driven by a proportionally larger decrease in cost of revenue relative to revenue. Versus the same quarter last year, gross margin was stable, with revenue flat and cost of revenue slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
23.4%
Gross profit
$2.0B
Revenue
$8.8B
Cost of revenue
$6.7B
Quarter-over-quarter change
+2.5 pts
Year-over-year change
+0.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Aug 3, 2024 | $9.3B | $2.2B | $7.1B | 23.5% |
| Nov 2, 2024 | $9.4B | $2.2B | $7.2B | 23.5% |
| Feb 1, 2025 | $13.9B | $2.9B | $11.0B | 20.9% |
| May 3, 2025 | $8.8B | $2.0B | $6.7B | 23.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Feb 1, 2025
+2.5 pts
Year-over-year change
May 4, 2024
+0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved sequentially despite lower revenue, indicating that cost of revenue declined at a faster rate than revenue. The year-over-year comparison shows gross margin was nearly unchanged, reflecting a proportional relationship among the three metrics.
Compared with the prior quarter, gross margin was higher, driven by a proportionally larger decrease in cost of revenue relative to revenue. Versus the same quarter last year, gross margin was stable, with revenue flat and cost of revenue slightly lower.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters to see if the sequential margin improvement persists.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Best Buy Co., Inc. (BBY) | 23.4% |