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 19.78% is 13% below its 5-year average of 22.72%, near the low end of its 5-year range (16.00%–31.88%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.07% below its 12-month average of 20.41%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
19.78%
OPERATING MARGIN AVG TTM
20.41%
OPERATING MARGIN AVG 3Y
21.09%
OPERATING MARGIN AVG 5Y
22.26%
OPERATING MARGIN AVG 10Y
23.09%
OPERATING MARGIN AVG 15Y
22.57%
OPERATING MARGIN AVG 20Y
22.84%
CURRENT VS TTM AVG
-3.07%
CURRENT VS 3Y AVG
-6.20%
CURRENT VS 5Y AVG
-11.14%
CURRENT VS 10Y AVG
-14.35%
CURRENT VS 15Y AVG
-12.36%
CURRENT VS 20Y AVG
-13.39%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.61%
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+86.43%
vs the sector median at left
Market Cap
$49.24B
Operating Margin
18.02%
TTM Avg
19.77%
3Y Avg
19.82%
5Y Avg
19.94%
Market Cap
$47.77B
Operating Margin
15.03%
TTM Avg
16.91%
3Y Avg
15.76%
5Y Avg
13.09%
Market Cap
$42.25B
Operating Margin
30.80%
TTM Avg
31.31%
3Y Avg
31.84%
5Y Avg
31.07%
Market Cap
$40.01B
Operating Margin
11.64%
TTM Avg
14.77%
3Y Avg
17.54%
5Y Avg
17.35%
Market Cap
$38.09B
Operating Margin
16.34%
TTM Avg
15.56%
3Y Avg
1.05%
5Y Avg
-87.64%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| eBay Inc. (EBAY) | $50.62B | 19.78% | 20.41% | 21.09% | 22.26% |
| AutoZone, Inc. (AZO)vs › | $49.24B | 18.02% | 19.77% | 19.82% | 19.94% |
| Chipotle Mexican Grill, Inc. (CMG)vs › | $47.77B | 15.03% | 16.91% | 15.76% | 13.09% |
| JD.com, Inc. (JD)vs › | $46.34B | -0.30% | 1.77% | 1.96% | 1.66% |
| Ford Motor Company (F)vs › | $58.54B | 1.97% | 2.05% | 2.80% | 1.88% |
| Yum! Brands, Inc. (YUM)vs › | $42.25B | 30.80% | 31.31% | 31.84% | 31.07% |
| D.R. Horton, Inc. (DHI)vs › | $40.01B | 11.64% | 14.77% | 17.54% | 17.35% |
| NIKE, Inc. (NKE)vs › | $61.72B | 8.19% | 8.09% | 10.00% | 11.65% |
| Carnival Corporation & plc (CCL)vs › | $38.09B | 16.34% | 15.56% | 1.05% | -87.64% |
| Sea Limited (SE)vs › | $64.08B | 8.20% | 6.04% | 0.46% | -7.31% |
Gross Margin
72.0%
Operating Margin
19.8%
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 | 19.78% |
| 2025-12-31 | 20.27% |
| 2025-09-30 | 20.43% |
| 2025-06-30 | 17.73% |
| 2025-03-31 | 23.83% |
| 2024-12-31 | 21.05% |
| 2024-09-30 | 23.10% |
| 2024-06-30 | 21.35% |
| 2024-03-31 | 24.69% |
| 2023-12-31 | 16.00% |
| 2023-09-30 | 18.20% |
| 2023-06-30 | 20.39% |
| 2023-03-31 | 22.23% |
| 2022-12-31 | 22.51% |
| 2022-09-30 | 23.87% |
| 2022-06-30 | 21.68% |
| 2022-03-31 | 27.87% |
| 2021-12-31 | 26.33% |
| 2021-09-30 | 26.47% |
| 2021-06-30 | 27.44% |
| 2021-03-31 | 31.88% |
| 2020-12-31 | 23.61% |
| 2020-09-30 | 29.32% |
| 2020-06-30 | 32.69% |
| 2020-03-31 | 26.54% |
| 2019-12-31 | 21.94% |
| 2019-09-30 | 19.59% |
| 2019-06-30 | 23.03% |
| 2019-03-31 | 24.58% |
| 2018-12-31 | 23.67% |
| 2018-09-30 | 20.99% |
| 2018-06-30 | 15.38% |
| 2018-03-31 | 22.44% |
| 2017-12-31 | 25.37% |
| 2017-09-30 | 22.98% |
| 2017-06-30 | 19.84% |
| 2017-03-31 | 23.75% |
| 2016-12-31 | 26.64% |
| 2016-09-30 | 24.45% |
| 2016-06-30 | 23.81% |
| 2016-03-31 | 28.73% |
| 2015-12-31 | 28.51% |
| 2015-09-30 | 27.54% |
| 2015-06-30 | 20.28% |
| 2015-03-31 | 25.67% |
| 2014-12-31 | 21.56% |
| 2014-09-30 | 27.72% |
| 2014-06-30 | 20.81% |
| 2014-03-31 | 20.60% |
| 2013-12-31 | 22.56% |
| 2013-09-30 | 20.53% |
| 2013-06-30 | 19.34% |
| 2013-03-31 | 21.34% |
| 2012-12-31 | 21.86% |
| 2012-09-30 | 19.59% |
| 2012-06-30 | 20.45% |
| 2012-03-31 | 19.93% |
| 2011-12-31 | 22.28% |
| 2011-09-30 | 18.11% |
| 2011-06-30 | 18.80% |
| 2011-03-31 | 22.19% |
| 2010-12-31 | 23.69% |
| 2010-09-30 | 21.92% |
| 2010-06-30 | 22.27% |
| 2010-03-31 | 22.64% |
| 2009-12-31 | 7.62% |
| 2009-09-30 | 20.36% |
| 2009-06-30 | 20.46% |
| 2009-03-31 | 21.25% |
| 2008-12-31 | 24.69% |
| 2008-09-30 | 24.75% |
| 2008-06-30 | 24.84% |
| 2008-03-31 | 25.22% |
| 2007-12-31 | 28.71% |
| 2007-09-30 | -49.63% |
| 2007-06-30 | 24.91% |
| 2007-03-31 | 26.46% |
| 2006-12-31 | 26.16% |
| 2006-09-30 | 23.40% |
| 2006-06-30 | 22.07% |
| 2006-03-31 | 23.20% |
| 2005-12-31 | 27.87% |
| 2005-09-30 | 32.27% |
| 2005-06-30 | 34.89% |
| 2005-03-31 | 32.53% |
| 2004-12-31 | 30.43% |
| 2004-09-30 | 31.51% |
| 2004-06-30 | 32.82% |
| 2004-03-31 | 35.27% |
| 2003-12-31 | 31.33% |
| 2003-09-30 | 29.36% |
| 2003-06-30 | 23.97% |
| 2003-03-31 | 31.09% |
| 2002-12-31 | 27.52% |
| 2002-09-30 | 31.21% |
| 2002-06-30 | 29.83% |
