Argenx Se (ARGX) Operating Margin (2016 - 2026)
Argenx Se's Operating Margin came in at 28.24% for Q3 2026, down 2.46 percentage points from 30.70% a year earlier and down 4.30 percentage points from the prior quarter.
Powered by 
Analysis
Argenx Se (ARGX) Operating Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Argenx Se reported Operating Margin of 29.91%, up 8.00 percentage points year-over-year; for FY2025, it was 25.38%, up 26.38 percentage points from FY2024.
- Operating Margin has increased in each of the last three years, with a five-year change of +1183.44 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -0.99% in FY2024 (+34.70 pp), -35.69% in FY2023 (+144.07 pp), -179.76% in FY2022 (-109.63 pp) and -70.13% in FY2021 (+1087.92 pp).
- The Q3 2026 figure represents the lowest quarterly Operating Margin since Q2 2025.
- Year-over-year, Operating Margin increased in seven of the last eight quarters, with an average year-over-year change of +23.41 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2023 (a gain of 1004.85 percentage points), and the weakest in Q1 2022 (a drop of 1052.42 percentage points).
- Business Quant data shows ARGX's Operating Margin at 32.54% (Q2 2026), 30.35% (Q1 2026) and 28.59% (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 | Eli Lilly | 1,224.11 Bn | 1,197.72 Bn | 20.46 Bn | 52.42% |
| 2 | Johnson & Johnson | 665.34 Bn | 585.20 Bn | 17.30 Bn | 24.35% |
| 3 | AbbVie | 515.72 Bn | 483.73 Bn | 13.12 Bn | 36.01% |
| 4 | Merck | 362.64 Bn | 325.58 Bn | 13.19 Bn | 30.89% |
| 5 | Novartis Ag | 315.51 Bn | 288.75 Bn | - | - |
| 6 | Astrazeneca | 289.26 Bn | 263.15 Bn | 13.26 Bn | 29.12% |
| 7 | Amgen | 249.20 Bn | 200.85 Bn | 7.58 Bn | 35.79% |
| 8 | Gilead Sciences | 207.48 Bn | 182.59 Bn | 6.73 Bn | 41.71% |
| 9 | Pfizer | 167.49 Bn | 114.85 Bn | 12.56 Bn | 32.98% |
| 10 | Argenx Se | 56.96 Bn | 56.96 Bn | 1.56 Bn | 28.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.24% |
| Jun 30, 2026 | 32.54% |
| Mar 31, 2026 | 30.35% |
| Dec 31, 2025 | 28.59% |
| Sep 30, 2025 | 30.70% |
| Jun 30, 2025 | 21.20% |
| Mar 31, 2025 | 17.59% |
| Dec 31, 2024 | 13.98% |
| Sep 30, 2024 | 2.48% |
| Jun 30, 2024 | -9.52% |
| Mar 31, 2024 | -23.46% |
| Dec 31, 2023 | -37.03% |
| Sep 30, 2023 | -24.49% |
| Jun 30, 2023 | -37.91% |
| Mar 31, 2023 | -47.58% |
| Dec 31, 2022 | -65.99% |
| Sep 30, 2022 | -158.87% |
| Jun 30, 2022 | -233.23% |
| Mar 31, 2022 | -1,052.43% |
| Dec 31, 2021 | -887.37% |
API Access
Argenx Se 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=ARGX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ARGX", "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=ARGX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();