Arista Networks (ANET) Operating Margin (2013 - 2026)

Arista Networks' Operating Margin history runs 14 years deep, the most recent figure standing at 42.74% for Q1 2026.

• In Q1 2026, Operating Margin fell 10.0% year-over-year to 42.74%; the TTM figure through Mar 2026 stood at 42.79% (up 52.0% YoY), while the FY2025 annual figure was 42.82%, up 77.0% from the prior year.
• Operating Margin was 42.74% for Q1 2026 at Arista Networks, up from 41.52% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 44.73% in Q2 2025 to a low of 31.7% in Q1 2022.
• Historically, Operating Margin has averaged 39.67% across 5 years, with a median of 41.42% in 2024.
• The sharpest annual moves came in 2024 and 2025: Operating Margin soared 615 bps in 2024, then plunged 99 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 36.76% in 2022, then climbed by 13 bps to 41.54% in 2023, then slipped by 0 bps to 41.42% in 2024, then rose by 0 bps to 41.52% in 2025, then grew by 3 bps to 42.74% in 2026.
• The last three Operating Margin figures came in at 42.74% (Q1 2026), 41.52% (Q4 2025), and 42.38% (Q3 2025), per Business Quant data.