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 12.38% is in line with its 5-year average of 12.83%, around the middle of its 5-year range (8.38%–16.77%).
As of the fiscal period ended Tuesday, March 31, 2026. 9.21% below its 12-month average of 13.64%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
12.38%
OPERATING MARGIN AVG TTM
13.64%
OPERATING MARGIN AVG 3Y
13.50%
OPERATING MARGIN AVG 5Y
13.29%
OPERATING MARGIN AVG 10Y
10.27%
OPERATING MARGIN AVG 15Y
10.14%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-9.21%
CURRENT VS 3Y AVG
-8.30%
CURRENT VS 5Y AVG
-6.85%
CURRENT VS 10Y AVG
+20.62%
CURRENT VS 15Y AVG
+22.07%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
15.61%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-20.68%
vs the sector median at left
IQVIA Holdings Inc.
Market Cap
$34.72B
Operating Margin
12.38%
TTM Avg
13.64%
3Y Avg
13.50%
5Y Avg
13.29%
Market Cap
$36.28B
Operating Margin
17.54%
TTM Avg
2.82%
3Y Avg
-21.37%
5Y Avg
-56.25%
Market Cap
$39.14B
Operating Margin
21.50%
TTM Avg
22.07%
3Y Avg
21.88%
5Y Avg
20.79%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| IQVIA Holdings Inc. (IQV) | $34.72B | 12.38% | 13.64% | 13.50% | 13.29% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $36.28B | 17.54% | 2.82% | -21.37% | -56.25% |
| Medline Inc. (MDLN)vs › | $32.77B | 7.04% | 8.25% | 6.70% | 6.70% |
| Zoetis Inc. (ZTS)vs › | $31.59B | 37.57% | 37.33% | 36.70% | 36.14% |
| Centene Corp. (CNC)vs › | $31.31B | -3.68% | -0.98% | 0.21% | 0.84% |
| Agilent Technologies, Inc. (A)vs › | $39.14B | 21.50% | 22.07% | 21.88% | 20.79% |
| Biogen Inc. (BIIB)vs › | $29.85B | 15.65% | 22.44% | 23.65% | 25.70% |
| ResMed Inc. (RMD)vs › | $28.33B | 34.28% | 30.46% | 28.92% | 28.55% |
| DexCom, Inc. (DXCM)vs › | $27.61B | 21.45% | 17.22% | 16.09% | 15.13% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $27.56B | 12.46% | 13.37% | 13.23% | 14.11% |
Gross Margin
26.1%
Operating Margin
12.4%
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 | 12.38% |
| 2025-12-31 | 16.77% |
| 2025-09-30 | 13.49% |
| 2025-06-30 | 12.60% |
| 2025-03-31 | 12.95% |
| 2024-12-31 | 15.82% |
| 2024-09-30 | 14.12% |
| 2024-06-30 | 14.37% |
| 2024-03-31 | 13.54% |
| 2023-12-31 | 12.95% |
| 2023-09-30 | 12.87% |
| 2023-06-30 | 14.06% |
| 2023-03-31 | 12.90% |
| 2022-12-31 | 10.14% |
| 2022-09-30 | 13.25% |
| 2022-06-30 | 13.18% |
| 2022-03-31 | 13.87% |
| 2021-12-31 | 12.87% |
| 2021-09-30 | 8.91% |
| 2021-06-30 | 8.38% |
| 2021-03-31 | 10.03% |
| 2020-12-31 | 8.76% |
| 2020-09-30 | 6.71% |
| 2020-06-30 | 3.21% |
| 2020-03-31 | 7.01% |
| 2019-12-31 | 5.73% |
| 2019-09-30 | 8.12% |
| 2019-06-30 | 7.19% |
| 2019-03-31 | 7.82% |
| 2018-12-31 | 7.70% |
| 2018-09-30 | 6.98% |
| 2018-06-30 | 6.62% |
| 2018-03-31 | 7.14% |
| 2017-12-31 | 7.88% |
| 2017-09-30 | 7.99% |
| 2017-06-30 | 6.41% |
| 2017-03-31 | 7.12% |
| 2016-12-31 | 6.16% |
| 2016-09-30 | 11.21% |
| 2016-06-30 | 9.71% |
| 2016-03-31 | 12.00% |
| 2015-12-31 | 11.70% |
| 2015-09-30 | 11.72% |
| 2015-06-30 | 10.97% |
| 2015-03-31 | 10.63% |
| 2014-12-31 | 11.26% |
| 2014-09-30 | 10.65% |
| 2014-06-30 | 10.51% |
| 2014-03-31 | 10.81% |
| 2013-12-31 | 9.21% |
| 2013-09-30 | 10.47% |
| 2013-06-30 | 7.32% |
| 2013-03-31 | 9.37% |
| 2012-12-31 | 7.39% |
| 2012-09-30 | 9.10% |
| 2012-06-30 | 8.20% |
| 2012-03-31 | 7.95% |
