Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 42.74% is 12% above its 5-year average of 38.08%, near the high end of its 5-year range (30.90%–44.73%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.24% below its 12-month average of 42.84%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
42.74%
OPERATING MARGIN AVG TTM
42.84%
OPERATING MARGIN AVG 3Y
42.17%
OPERATING MARGIN AVG 5Y
38.08%
OPERATING MARGIN AVG 10Y
33.65%
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-0.24%
CURRENT VS 3Y AVG
+1.35%
CURRENT VS 5Y AVG
+12.22%
CURRENT VS 10Y AVG
+27.00%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
13.67%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+212.65%
vs the sector median at left
Arista Networks, Inc.
Market Cap
$219.08B
Operating Margin
42.74%
TTM Avg
42.84%
3Y Avg
42.17%
5Y Avg
38.08%
Market Cap
$220.67B
Operating Margin
9.65%
TTM Avg
11.00%
3Y Avg
6.05%
5Y Avg
1.96%
Market Cap
$212.74B
Operating Margin
-18.72%
TTM Avg
-12.87%
3Y Avg
-11.72%
5Y Avg
-9.38%
Market Cap
$201.80B
Operating Margin
17.86%
TTM Avg
17.27%
3Y Avg
15.98%
5Y Avg
14.06%
Market Cap
$190.97B
Operating Margin
28.33%
TTM Avg
13.84%
3Y Avg
9.96%
5Y Avg
11.03%
Market Cap
$187.82B
Operating Margin
26.00%
TTM Avg
23.72%
3Y Avg
22.19%
5Y Avg
21.32%
Market Cap
$186.63B
Operating Margin
-3.91%
TTM Avg
-4.57%
3Y Avg
-4.43%
5Y Avg
-6.35%
Market Cap
$254.44B
Operating Margin
37.29%
TTM Avg
34.50%
3Y Avg
40.37%
5Y Avg
41.85%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arista Networks, Inc. (ANET) | $219.08B | 42.74% | 42.84% | 42.17% | 38.08% |
| Palo Alto Networks, Inc. (PANW)vs › | $220.67B | 9.65% | 11.00% | 6.05% | 1.96% |
| Sandisk Corporation (SNDK)vs › | $212.74B | -18.72% | -12.87% | -11.72% | -9.38% |
| International Business Machines Corporation (IBM)vs › | $201.80B | 17.86% | 17.27% | 15.98% | 14.06% |
| Seagate Technology Holdings plc (STX)vs › | $190.97B | 28.33% | 13.84% | 9.96% | 11.03% |
| Amphenol Corporation (APH)vs › | $187.82B | 26.00% | 23.72% | 22.19% | 21.32% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $186.63B | -3.91% | -4.57% | -4.43% | -6.35% |
| SAP SE (SAP)vs › | $186.44B | 26.87% | 19.89% | 19.60% | 21.00% |
| Texas Instruments Incorporated (TXN)vs › | $254.44B | 37.29% | 34.50% | 40.37% | 41.85% |
| Analog Devices, Inc. (ADI)vs › | $181.13B | 32.50% | 24.09% | 26.41% | 25.93% |
Gross Margin
63.5%
Operating Margin
42.7%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 42.74% |
| 2025-12-31 | 41.52% |
| 2025-09-30 | 42.38% |
| 2025-06-30 | 44.73% |
| 2025-03-31 | 42.84% |
| 2024-12-31 | 41.42% |
| 2024-09-30 | 43.37% |
| 2024-06-30 | 41.39% |
| 2024-03-31 | 42.01% |
| 2023-12-31 | 41.54% |
| 2023-09-30 | 39.93% |
| 2023-06-30 | 36.33% |
| 2023-03-31 | 35.86% |
| 2022-12-31 | 36.76% |
| 2022-09-30 | 35.46% |
| 2022-06-30 | 34.50% |
| 2022-03-31 | 31.70% |
| 2021-12-31 | 32.24% |
| 2021-09-30 | 31.16% |
| 2021-06-30 | 31.01% |
| 2021-03-31 | 30.90% |
| 2020-12-31 | 30.01% |
| 2020-09-30 | 31.12% |
| 2020-06-30 | 30.89% |
| 2020-03-31 | 28.61% |
| 2019-12-31 | 31.85% |
| 2019-09-30 | 34.93% |
| 2019-06-30 | 34.00% |
| 2019-03-31 | 32.64% |
| 2018-12-31 | 32.51% |
| 2018-09-30 | 32.09% |
| 2018-06-30 | -46.13% |
| 2018-03-31 | 29.36% |
| 2017-12-31 | 29.79% |
| 2017-09-30 | 32.18% |
| 2017-06-30 | 28.78% |
| 2017-03-31 | 21.88% |
| 2016-12-31 | 23.63% |
| 2016-09-30 | 21.71% |
| 2016-06-30 | 19.78% |
| 2016-03-31 | 20.54% |
| 2015-12-31 | 20.13% |
| 2015-09-30 | 14.39% |
| 2015-06-30 | 16.80% |
| 2015-03-31 | 19.97% |
| 2014-12-31 | 22.48% |
| 2014-09-30 | 21.79% |
| 2014-06-30 | 22.22% |
| 2014-03-31 | 18.75% |
| 2013-12-31 | 19.61% |
| 2013-09-30 | 18.34% |
| 2013-06-30 | 19.48% |
| 2013-03-31 | 14.25% |
| 2012-12-31 | 19.25% |
