Applied Digital (APLD) Operating Margin (2022 - 2026)
Applied Digital's (APLD) quarterly Operating Margin came in at 48.24% in Q2 2026, up 3810.0% YoY from 1.23% in Q2 2025, and up 28.69% on a QoQ basis from 67.65% in Q1 2026.
Applied Digital (APLD) Operating Margin (2022 - 2026) Analysis & Trends
Applied Digital (APLD) has 5 years of Operating Margin data on file, last reported at 48.24% in Q2 2026.
- Quarterly Operating Margin rose 3810.0% year-over-year to 48.24% in Q2 2026, while the trailing twelve-month figure through May 2026 was 45.77% (down 1688.0% YoY) and the FY2026 annual result came in at 38.68%, down 710.0% from the prior year.
- Operating Margin climbed to 48.24% in Q2 2026, from 67.65% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 72.58% in Q3 2024 to a low of 235.58% in Q1 2022.
- A 5-year average of 62.87% and a median of 48.92% in 2026 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin soared 19761 bps — and 2025, when it tumbled 10729 bps.
- Tracing APLD's Operating Margin over 5 years: stood at 216.35% in 2022, then jumped by 91 bps to 18.75% in 2023, then tumbled by 89 bps to 35.41% in 2024, then soared by 31 bps to 24.45% in 2025, then sank by 97 bps to 48.24% in 2026.
- The last three Operating Margin figures came in at 48.24% (Q2 2026), 67.65% (Q1 2026), and 24.45% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 15.24% |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 16.96% |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 21.09% |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 15.95% |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 15.01% |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 24.61% |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 16.01% |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 11.28% |
| 10 | Applied Digital | 7.88 Bn | 3.91 Bn | 97.29 Mn | -48.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | -48.24% |
| Feb 28, 2026 | -67.65% |
| Nov 30, 2025 | -24.45% |
| Aug 31, 2025 | -34.72% |
| May 31, 2025 | -86.34% |
| Feb 28, 2025 | -35.79% |
| Nov 30, 2024 | -35.41% |
| Aug 31, 2024 | 72.58% |
| May 31, 2024 | -63.17% |
| 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% |