Argenx Se (ARGX) Operating Margin (2016 - 2026)
Argenx Se's Operating Margin came in at 32.54% for Q2 2026, up 11.35 percentage points from 21.20% a year earlier and up 2.19 percentage points from the prior quarter.
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Analysis
Argenx Se (ARGX) Operating Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Argenx Se reported Operating Margin of 30.63%, up 15.63 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 Q2 2026 figure represents the highest quarterly Operating Margin since Q3 2017.
- Year-over-year, Operating Margin has increased for 16 consecutive quarters, with an average year-over-year change of +27.09 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2022 (a gain of 24690.26 percentage points), and the weakest in Q3 2021 (a drop of 23525.11 percentage points).
- Business Quant data shows ARGX's Operating Margin at 30.35% (Q1 2026), 28.59% (Q4 2025) and 30.72% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,122.91 Bn | 1,091.50 Bn | 19.71 Bn | 51.16% |
| 2 | Johnson & Johnson | 615.09 Bn | 533.62 Bn | 17.26 Bn | 28.21% |
| 3 | AbbVie | 504.75 Bn | 477.86 Bn | 12.70 Bn | 37.86% |
| 4 | Merck | 360.18 Bn | 314.55 Bn | 12.21 Bn | -3.52% |
| 5 | Novartis Ag | 292.05 Bn | 256.04 Bn | 11.24 Bn | 32.97% |
| 6 | Astrazeneca | 256.09 Bn | 229.78 Bn | 12.86 Bn | 20.57% |
| 7 | Amgen | 233.63 Bn | 189.02 Bn | 7.24 Bn | 34.95% |
| 8 | Gilead Sciences | 194.49 Bn | 168.69 Bn | 6.22 Bn | -133.21% |
| 9 | Pfizer | 168.35 Bn | 114.99 Bn | 10.94 Bn | 28.37% |
| 10 | Argenx Se | 50.23 Bn | 34.19 Bn | 1.37 Bn | 32.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.54% |
| Mar 31, 2026 | 30.35% |
| Dec 31, 2025 | 28.59% |
| Sep 30, 2025 | 30.72% |
| 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 | 113.83% |
| Mar 31, 2022 | -1,052.43% |
| Dec 31, 2021 | -887.37% |
| Sep 30, 2021 | 829.05% |
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();