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 15.77% is 380% above its 5-year average of 3.29%, near the high end of its 5-year range (-7.77%–15.77%).
As of the fiscal period ended Tuesday, March 31, 2026. 15.66% above its 12-month average of 13.64%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
15.77%
OPERATING MARGIN AVG TTM
13.64%
OPERATING MARGIN AVG 3Y
6.69%
OPERATING MARGIN AVG 5Y
3.29%
OPERATING MARGIN AVG 10Y
-0.91%
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+15.66%
CURRENT VS 3Y AVG
+135.85%
CURRENT VS 5Y AVG
+379.76%
CURRENT VS 10Y AVG
+1840.80%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
14.48%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+8.93%
vs the sector median at left
Spotify Technology S.A.
Market Cap
$102.80B
Operating Margin
15.77%
TTM Avg
13.64%
3Y Avg
6.69%
5Y Avg
3.29%
Market Cap
$85.03B
Operating Margin
14.66%
TTM Avg
17.77%
3Y Avg
18.34%
5Y Avg
18.02%
Market Cap
$65.94B
Operating Margin
4.06%
TTM Avg
-11.00%
3Y Avg
-11.88%
5Y Avg
-1.25%
Market Cap
$40.52B
Operating Margin
5.45%
TTM Avg
4.72%
3Y Avg
4.64%
5Y Avg
-12.83%
Market Cap
$167.08B
Operating Margin
14.30%
TTM Avg
13.84%
3Y Avg
11.49%
5Y Avg
9.54%
Market Cap
$27.08B
Operating Margin
20.07%
TTM Avg
-11.52%
3Y Avg
-16.57%
5Y Avg
-19.98%
Market Cap
$25.53B
Operating Margin
19.73%
TTM Avg
18.77%
3Y Avg
18.62%
5Y Avg
19.37%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $102.80B | 15.77% | 13.64% | 6.69% | 3.29% |
| DoorDash, Inc. (DASH)vs › | $85.47B | 4.88% | 2.46% | -4.72% | -7.20% |
| Comcast Corporation (CMCSA)vs › | $85.03B | 14.66% | 17.77% | 18.34% | 18.02% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $65.94B | 4.06% | -11.00% | -11.88% | -1.25% |
| AT&T Inc. (T)vs › | $159.44B | 20.38% | 19.86% | 14.04% | 15.07% |
| Live Nation Entertainment, Inc. (LYV)vs › | $40.52B | 5.45% | 4.72% | 4.64% | -12.83% |
| The Walt Disney Company (DIS)vs › | $167.08B | 14.30% | 13.84% | 11.49% | 9.54% |
| Reddit, Inc. (RDDT)vs › | $27.08B | 20.07% | -11.52% | -16.57% | -19.98% |
| Fox Corporation (FOXA)vs › | $25.53B | 19.73% | 18.77% | 18.62% | 19.37% |
| EchoStar Corporation (SATS)vs › | $24.24B | 2.19% | -1.26% | 1.96% | 5.17% |
Gross Margin
32.3%
Operating Margin
15.8%
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 | 15.77% |
| 2025-12-31 | 15.47% |
| 2025-09-30 | 13.62% |
| 2025-06-30 | 9.68% |
| 2025-03-30 | 12.15% |
| 2024-12-31 | 11.24% |
| 2024-09-30 | 11.38% |
| 2024-06-30 | 6.99% |
| 2024-03-31 | 4.62% |
| 2023-12-31 | -2.04% |
| 2023-09-30 | 0.95% |
| 2023-06-30 | -7.77% |
| 2023-03-31 | -5.13% |
| 2022-12-31 | -7.30% |
| 2022-09-30 | -7.51% |
| 2022-06-30 | -6.77% |
| 2022-03-31 | -0.23% |
| 2021-12-31 | -0.26% |
| 2021-09-30 | 3.00% |
| 2021-06-30 | 0.51% |
| 2021-03-31 | 0.65% |
| 2020-12-31 | -3.18% |
| 2020-09-30 | -2.03% |
| 2020-06-30 | -8.84% |
| 2020-03-31 | -0.92% |
| 2019-12-31 | -4.15% |
| 2019-09-30 | 3.12% |
| 2019-06-30 | -0.18% |
| 2019-03-31 | -3.11% |
| 2018-12-31 | 6.29% |
| 2018-09-30 | -0.44% |
| 2018-06-30 | -7.07% |
| 2018-03-31 | -3.60% |
| 2017-12-31 | -7.57% |
| 2017-09-30 | -7.07% |
| 2017-06-30 | -7.85% |
| 2017-03-31 | -15.41% |
| 2016-12-31 | -8.94% |
| 2016-09-30 | -5.22% |
| 2016-06-30 | -12.89% |
| 2016-03-31 | -17.12% |
