Arista Networks (ANET) Operating Margin (2013 - 2026)
Arista Networks' Operating Margin came in at 44.90% for Q3 2026, up 2.53 percentage points from 42.38% a year earlier but down 0.49 percentage points from the prior quarter.
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Analysis
Arista Networks (ANET) Operating Margin (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Arista Networks reported Operating Margin of 43.83%, up 0.95 percentage points year-over-year; for FY2025, it came in at 42.82%, up 0.77 percentage points from FY2024.
- Operating Margin has increased in each of the last five years, with a five-year change of +12.63 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 42.05% in FY2024 (+3.53 pp), 38.52% in FY2023 (+3.66 pp), 34.86% in FY2022 (+3.49 pp) and 31.37% in FY2021 (+1.18 pp).
- The five-year range for quarterly Operating Margin is 31.70% (Q1 2022) to 45.39% (Q2 2026).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +0.78 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2024 (a gain of 6.15 percentage points), and the weakest in Q3 2025 (a drop of 0.99 percentage points).
- Business Quant data shows ANET's Operating Margin at 45.39% (Q2 2026), 42.74% (Q1 2026) and 41.52% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | 31.13% |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | - |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 44.90% |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | 11.46% |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | 18.15% |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | 79.59% |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | 48.76% |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | 46.70% |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | 11.41% |
| 10 | Garmin | 54.56 Bn | 44.11 Bn | 1.26 Bn | 30.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 44.90% |
| Jun 30, 2026 | 45.39% |
| Mar 31, 2026 | 42.74% |
| Dec 31, 2025 | 41.52% |
| Sep 30, 2025 | 42.38% |
| Jun 30, 2025 | 44.73% |
| Mar 31, 2025 | 42.84% |
| Dec 31, 2024 | 41.42% |
| Sep 30, 2024 | 43.37% |
| Jun 30, 2024 | 41.39% |
| Mar 31, 2024 | 42.01% |
| Dec 31, 2023 | 41.54% |
| Sep 30, 2023 | 39.93% |
| Jun 30, 2023 | 36.33% |
| Mar 31, 2023 | 35.86% |
| Dec 31, 2022 | 36.76% |
| Sep 30, 2022 | 35.46% |
| Jun 30, 2022 | 34.50% |
| Mar 31, 2022 | 31.70% |
| Dec 31, 2021 | 32.24% |
API Access
Arista Networks Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ANET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ANET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ANET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();