Alcoa (AA) Operating Margin (2015 - 2026)

Alcoa has disclosed Operating Margin across 12 years of filings, most recently posting 17.85% for Q1 2026.

• Operating Margin for Q1 2026 came in at 17.85%, down 717.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.21% (down 1213.0% YoY), and the FY2025 annual result was 1.75%, up 123.0% from the prior year.
• Operating Margin came in at 17.85% for Q1 2026 at Alcoa, up from 14.64% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 28.36% in Q1 2022 to a low of 23.39% in Q4 2022.
• The 5-year median for Operating Margin is 8.55% (2025), against an average of 7.89%.
• Across the five-year window, Operating Margin jumped 729719 bps in 2022 and tumbled 3624 bps in 2025, its largest moves.
• Alcoa's Operating Margin stood at 23.39% in 2022, then surged by 117 bps to 3.97% in 2023, then soared by 392 bps to 19.54% in 2024, then retreated by 25 bps to 14.64% in 2025, then climbed by 22 bps to 17.85% in 2026.
• The last three Operating Margin figures came in at 17.85% (Q1 2026), 14.64% (Q4 2025), and 22.5% (Q3 2025), per Business Quant data.