Applied Digital (APLD) Operating Margin (2022 - 2026)
Applied Digital (APLD) posted Operating Margin of 67.65% for Q1 2026, down 176.62% on a QoQ basis from 24.45% in Q4 2025, and down 3185.0% year-over-year from 2.19% in Q1 2025.
Applied Digital (APLD) Operating Margin (2022 - 2026) Analysis & Trends
Applied Digital's Operating Margin history runs 5 years deep, the most recent figure standing at 67.65% for Q1 2026.
- Quarterly Operating Margin fell 3185.0% year-over-year to 67.65% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 44.94% (down 6760.0% YoY) and the FY2025 annual result came in at 11.68%, up 1236.0% from the prior year.
- Operating Margin was 67.65% for Q1 2026 at Applied Digital, down from 24.45% in the prior quarter.
- Across five years, Operating Margin topped out at 256.97% in Q2 2024 and bottomed at 235.58% in Q1 2022.
- A 5-year average of 41.8% and a median of 35.41% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin soared 27982 bps — and 2025, when it sank 29069 bps.
- Applied Digital's Operating Margin stood at 216.35% in 2022, then soared by 91 bps to 18.75% in 2023, then sank by 89 bps to 35.41% in 2024, then surged by 31 bps to 24.45% in 2025, then tumbled by 177 bps to 67.65% in 2026.
- Business Quant data shows APLD's Operating Margin at 67.65% in Q1 2026, 24.45% in Q4 2025, and 34.72% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 205.78 Bn | 194.43 Bn | 9.91 Bn | 15.24% |
| 2 | Accenture | 92.04 Bn | 81.87 Bn | 6.13 Bn | 16.96% |
| 3 | Cgi | 60.13 Bn | 59.48 Bn | - | - |
| 4 | GDS Holdings | 48.71 Bn | 46.57 Bn | 164.04 Mn | 26.97% |
| 5 | Infosys | 46.50 Bn | 46.50 Bn | 1.60 Bn | 21.09% |
| 6 | Cognizant Technology Solutions | 22.12 Bn | 20.60 Bn | 1.78 Bn | 15.57% |
| 7 | Fidelity National Information Services | 21.71 Bn | 20.95 Bn | 1.11 Bn | 12.84% |
| 8 | Wipro | 19.51 Bn | 15.33 Bn | 738.00 Mn | 16.01% |
| 9 | Cdw | 17.72 Bn | 17.14 Bn | 1.19 Bn | 6.62% |
| 10 | Applied Digital | 7.85 Bn | 5.92 Bn | 53.81 Mn | -67.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | -67.65% |
| Nov 30, 2025 | -24.45% |
| Aug 31, 2025 | -34.72% |
| May 31, 2025 | -33.72% |
| Feb 28, 2025 | -35.79% |
| Nov 30, 2024 | -35.41% |
| Aug 31, 2024 | 72.58% |
| May 31, 2024 | 256.97% |
| Feb 29, 2024 | -127.93% |
| Nov 30, 2023 | -18.75% |
| Aug 31, 2023 | -20.28% |
| May 31, 2023 | -22.85% |
| Feb 28, 2023 | -49.60% |
| Nov 30, 2022 | -216.35% |
| Aug 31, 2022 | -60.33% |
| May 31, 2022 | -56.71% |
| Feb 28, 2022 | -235.58% |