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 26.84% is 30% above its 5-year average of 20.71%, near the high end of its 5-year range (9.79%–28.80%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.19% below its 12-month average of 26.89%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
26.84%
OPERATING MARGIN AVG TTM
26.89%
OPERATING MARGIN AVG 3Y
23.80%
OPERATING MARGIN AVG 5Y
20.71%
OPERATING MARGIN AVG 10Y
21.33%
OPERATING MARGIN AVG 15Y
22.13%
OPERATING MARGIN AVG 20Y
22.61%
CURRENT VS TTM AVG
-0.19%
CURRENT VS 3Y AVG
+12.77%
CURRENT VS 5Y AVG
+29.57%
CURRENT VS 10Y AVG
+25.79%
CURRENT VS 15Y AVG
+21.27%
CURRENT VS 20Y AVG
+18.69%
SECTOR MEDIAN · TECHNOLOGY
14.05%
median of 176 covered companies
CURRENT VS SECTOR MEDIAN
+90.95%
vs the sector median at left
Market Cap
$237.57B
Operating Margin
43.14%
TTM Avg
42.44%
3Y Avg
39.56%
5Y Avg
36.63%
Market Cap
$223.55B
Operating Margin
17.86%
TTM Avg
17.27%
3Y Avg
15.98%
5Y Avg
14.06%
Market Cap
$258.79B
Operating Margin
41.69%
TTM Avg
41.47%
3Y Avg
39.51%
5Y Avg
38.95%
Market Cap
$261.26B
Operating Margin
37.29%
TTM Avg
34.50%
3Y Avg
40.37%
5Y Avg
41.85%
Market Cap
$218.34B
Operating Margin
-3.91%
TTM Avg
-4.57%
3Y Avg
-4.43%
5Y Avg
-6.35%
Market Cap
$208.60B
Operating Margin
27.19%
TTM Avg
23.72%
3Y Avg
22.19%
5Y Avg
21.32%
Market Cap
$191.55B
Operating Margin
16.20%
TTM Avg
1.92%
3Y Avg
-0.61%
5Y Avg
-3.16%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SAP SE (SAP) | $240.22B | 26.84% | 26.89% | 23.80% | 20.71% |
| Arista Networks, Inc. (ANET)vs › | $237.57B | 43.14% | 42.44% | 39.56% | 36.63% |
| International Business Machines Corporation (IBM)vs › | $223.55B | 17.86% | 17.27% | 15.98% | 14.06% |
| KLA Corporation (KLAC)vs › | $258.79B | 41.69% | 41.47% | 39.51% | 38.95% |
| Texas Instruments Incorporated (TXN)vs › | $261.26B | 37.29% | 34.50% | 40.37% | 41.85% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $218.34B | -3.91% | -4.57% | -4.43% | -6.35% |
| Amphenol Corporation (APH)vs › | $208.60B | 27.19% | 23.72% | 22.19% | 21.32% |
| Shopify Inc. (SHOP)vs › | $196.69B | 13.90% | 12.40% | -2.49% | -0.17% |
| Marvell Technology, Inc. (MRVL)vs › | $191.55B | 16.20% | 1.92% | -0.61% | -3.16% |
| Analog Devices, Inc. (ADI)vs › | $189.93B | 32.50% | 24.09% | 26.41% | 25.93% |
Gross Margin
72.8%
Operating Margin
26.8%
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 |
|---|---|
| 2026-06-30 | 26.84% |
| 2026-03-31 | 28.80% |
| 2025-12-31 | 24.19% |
| 2025-09-30 | 27.40% |
| 2025-06-30 | 27.21% |
| 2025-03-31 | 25.88% |
| 2024-12-31 | 21.51% |
| 2024-09-30 | 26.14% |
| 2024-06-30 | 14.74% |
| 2024-03-31 | 9.79% |
| 2023-12-31 | 22.46% |
| 2023-09-30 | 22.25% |
| 2023-06-30 | 18.15% |
| 2023-03-31 | 10.79% |
| 2022-12-31 | 20.21% |
| 2022-09-30 | 20.82% |
| 2022-06-30 | 14.71% |
| 2022-03-31 | 21.72% |
| 2021-12-31 | 18.33% |
| 2021-09-30 | 18.25% |
| 2021-06-30 | 14.75% |
| 2021-03-31 | 15.13% |
| 2020-12-31 | 35.23% |
| 2020-09-30 | 22.54% |
| 2020-06-30 | 19.04% |
| 2020-03-31 | 18.56% |
| 2019-12-31 | 26.16% |
| 2019-09-30 | 24.72% |
| 2019-06-30 | 12.47% |
| 2019-03-31 | -2.23% |
| 2018-12-31 | 32.30% |
| 2018-09-30 | 20.53% |
| 2018-06-30 | 17.40% |
| 2018-03-31 | 19.48% |
| 2017-12-31 | 28.87% |
| 2017-09-30 | 23.51% |
| 2017-06-30 | 16.02% |
| 2017-03-31 | 12.73% |
| 2016-12-31 | 29.02% |
| 2016-09-30 | 20.52% |
| 2016-06-30 | 24.23% |
| 2016-03-31 | 17.20% |
| 2015-12-31 | 26.81% |
| 2015-09-30 | 24.35% |
| 2015-06-30 | 14.10% |
| 2015-03-31 | 14.19% |
| 2014-12-31 | 32.12% |
| 2014-09-30 | 27.20% |
| 2014-06-30 | 16.82% |
| 2014-03-31 | 19.55% |
| 2013-12-31 | 35.28% |
| 2013-09-30 | 25.78% |
| 2013-06-30 | 24.32% |
| 2013-03-31 | 17.94% |
| 2012-12-31 | 31.69% |
| 2012-09-30 | 23.30% |
| 2012-06-30 | 23.63% |
| 2012-03-31 | 18.84% |
| 2011-12-31 | 37.07% |
| 2011-09-30 | 51.60% |
| 2011-06-30 | -5.94% |
| 2011-03-31 | 19.74% |
| 2010-12-31 | 13.41% |
| 2010-09-30 | 23.84% |
| 2010-06-30 | 26.74% |
| 2010-03-31 | 22.20% |
| 2009-12-31 | 31.41% |
| 2009-09-30 | 24.68% |
| 2009-06-30 | 24.88% |
| 2009-03-31 | 12.81% |
| 2008-12-31 | 36.52% |
| 2008-09-30 | 22.24% |
| 2008-06-30 | 19.20% |
| 2008-03-31 | 14.61% |
| 2007-12-31 | 34.69% |
| 2007-09-30 | 24.82% |
| 2007-06-30 | 23.80% |
| 2007-03-31 | 20.16% |
| 2006-12-31 | 35.66% |
| 2006-09-30 | 24.80% |
| 2006-06-30 | 23.87% |
| 2006-03-31 | 20.02% |
| 2005-12-31 | 35.56% |
| 2005-09-30 | 25.66% |
| 2005-06-30 | 22.82% |
| 2005-03-31 | 21.65% |
| 2004-12-31 | 34.73% |
| 2004-09-30 | 25.95% |
| 2004-06-30 | 21.94% |
| 2004-03-31 | 21.41% |
| 2003-12-31 | 30.42% |
| 2003-09-30 | 25.00% |
| 2003-06-30 | 20.73% |
| 2003-03-31 | 19.63% |
| 2002-12-31 | -289.98% |
| 2002-09-30 | 19.71% |
