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 22.98% is in line with its 5-year average of 24.76%, near the high end of its 5-year range (-27.26%–43.74%).
As of the fiscal period ended Tuesday, March 31, 2026. 25.45% below its 12-month average of 30.82%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
22.98%
OPERATING MARGIN AVG TTM
30.82%
OPERATING MARGIN AVG 3Y
28.66%
OPERATING MARGIN AVG 5Y
27.36%
OPERATING MARGIN AVG 10Y
29.20%
OPERATING MARGIN AVG 15Y
31.19%
OPERATING MARGIN AVG 20Y
26.39%
CURRENT VS TTM AVG
-25.45%
CURRENT VS 3Y AVG
-19.84%
CURRENT VS 5Y AVG
-16.02%
CURRENT VS 10Y AVG
-21.30%
CURRENT VS 15Y AVG
-26.35%
CURRENT VS 20Y AVG
-12.93%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.61%
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+116.54%
vs the sector median at left
Booking Holdings Inc.
Market Cap
$149.47B
Operating Margin
22.98%
TTM Avg
30.82%
3Y Avg
28.66%
5Y Avg
27.36%
Market Cap
$126.06B
Operating Margin
22.17%
TTM Avg
24.55%
3Y Avg
24.02%
5Y Avg
14.61%
Market Cap
$173.81B
Operating Margin
12.39%
TTM Avg
11.54%
3Y Avg
10.87%
5Y Avg
9.18%
Market Cap
$119.98B
Operating Margin
9.43%
TTM Avg
12.29%
3Y Avg
13.81%
5Y Avg
13.10%
Market Cap
$116.57B
Operating Margin
11.55%
TTM Avg
11.93%
3Y Avg
12.56%
5Y Avg
12.52%
Market Cap
$108.29B
Operating Margin
3.87%
TTM Avg
4.67%
3Y Avg
5.19%
5Y Avg
4.57%
Market Cap
$192.29B
Operating Margin
46.01%
TTM Avg
45.64%
3Y Avg
44.35%
5Y Avg
43.35%
Market Cap
$98.31B
Operating Margin
16.02%
TTM Avg
15.41%
3Y Avg
15.95%
5Y Avg
12.87%
Market Cap
$95.21B
Operating Margin
9.59%
TTM Avg
11.87%
3Y Avg
12.07%
5Y Avg
9.62%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Booking Holdings Inc. (BKNG) | $149.47B | 22.98% | 30.82% | 28.66% | 27.36% |
| PDD Holdings Inc. (PDD)vs › | $126.06B | 22.17% | 24.55% | 24.02% | 14.61% |
| The TJX Companies, Inc. (TJX)vs › | $173.81B | 12.39% | 11.54% | 10.87% | 9.18% |
| Starbucks Corporation (SBUX)vs › | $119.98B | 9.43% | 12.29% | 13.81% | 13.10% |
| Lowe's Companies, Inc. (LOW)vs › | $116.57B | 11.55% | 11.93% | 12.56% | 12.52% |
| BYD Company Limited (BYDDY)vs › | $108.29B | 3.87% | 4.67% | 5.19% | 4.57% |
| McDonald's Corporation (MCD)vs › | $192.29B | 46.01% | 45.64% | 44.35% | 43.35% |
| Marriott International, Inc. (MAR)vs › | $98.31B | 16.02% | 15.41% | 15.95% | 12.87% |
| MercadoLibre, Inc. (MELI)vs › | $95.21B | 9.59% | 11.87% | 12.07% | 9.62% |
| Airbnb, Inc. (ABNB)vs › | $89.93B | 20.49% | 21.89% | 20.13% | -3.09% |
Gross Margin
100.0%
Operating Margin
23.0%
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 | 22.98% |
| 2025-12-31 | 31.97% |
| 2025-09-30 | 43.74% |
| 2025-06-30 | 33.10% |
| 2025-03-31 | 22.30% |
| 2024-12-31 | 31.60% |
| 2024-09-30 | 39.77% |
| 2024-06-30 | 31.68% |
| 2024-03-31 | 17.92% |
| 2023-12-31 | 12.73% |
| 2023-09-30 | 42.27% |
| 2023-06-30 | 30.63% |
| 2023-03-31 | 11.91% |
| 2022-12-31 | 33.22% |
| 2022-09-30 | 42.68% |
| 2022-06-30 | 23.29% |
| 2022-03-31 | 6.46% |
| 2021-12-31 | 28.45% |
| 2021-09-30 | 43.09% |
| 2021-06-30 | -2.59% |
| 2021-03-31 | -27.26% |
| 2020-12-31 | -12.36% |
| 2020-09-30 | 11.93% |
| 2020-06-30 | -76.83% |
| 2020-03-31 | -13.51% |
| 2019-12-31 | 35.10% |
| 2019-09-30 | 47.02% |
| 2019-06-30 | 32.39% |
| 2019-03-31 | 19.60% |
| 2018-12-31 | 35.58% |
| 2018-09-30 | 46.34% |
| 2018-06-30 | 34.52% |
| 2018-03-31 | 24.93% |
| 2017-12-31 | 35.19% |
| 2017-09-30 | 47.40% |
| 2017-06-30 | 29.53% |
| 2017-03-31 | 23.00% |
| 2016-12-31 | 33.65% |
| 2016-09-30 | 22.58% |
| 2016-06-30 | 28.66% |
| 2016-03-31 | 25.62% |
| 2015-12-31 | 32.90% |
| 2015-09-30 | 47.98% |
| 2015-06-30 | 29.75% |
| 2015-03-31 | 23.58% |
| 2014-12-31 | 31.46% |
| 2014-09-30 | 46.63% |
| 2014-06-30 | 34.52% |
| 2014-03-31 | 26.72% |
| 2013-12-31 | 32.50% |
| 2013-09-30 | 46.12% |
| 2013-06-30 | 33.02% |
| 2013-03-31 | 23.80% |
| 2012-12-31 | 31.44% |
| 2012-09-30 | 44.28% |
| 2012-06-30 | 34.55% |
| 2012-03-31 | 23.29% |
| 2011-12-31 | 30.66% |
| 2011-09-30 | 42.43% |
| 2011-06-30 | 29.45% |
| 2011-03-31 | 19.04% |
| 2010-12-31 | 25.84% |
| 2010-09-30 | 33.62% |
| 2010-06-30 | 22.56% |
| 2010-03-31 | 15.04% |
| 2009-12-31 | 21.76% |
| 2009-09-30 | 27.48% |
| 2009-06-30 | 18.12% |
| 2009-03-31 | 9.27% |
| 2008-12-31 | 12.03% |
| 2008-09-30 | 22.78% |
| 2008-06-30 | 15.75% |
| 2008-03-31 | 7.88% |
| 2007-12-31 | 13.14% |
| 2007-09-30 | 18.71% |
| 2007-06-30 | 13.37% |
| 2007-03-31 | -10.53% |
| 2006-12-31 | 4.84% |
| 2006-09-30 | 10.08% |
| 2006-06-30 | 6.19% |
| 2006-03-31 | -0.51% |
| 2005-12-31 | 2.96% |
| 2005-09-30 | 4.98% |
| 2005-06-30 | 4.42% |
| 2005-03-31 | 2.21% |
| 2004-12-31 | 2.63% |
| 2004-09-30 | 4.09% |
| 2004-06-30 | 4.23% |
| 2004-03-31 | 2.09% |
| 2003-12-31 | 0.64% |
| 2003-09-30 | 3.33% |
| 2003-06-30 | 2.58% |
| 2003-03-31 | -4.10% |
| 2002-12-31 | -4.07% |
| 2002-09-30 | -10.43% |
| 2002-06-30 | 1.72% |
