Asana (ASAN) Operating Margin (2019 - 2026)
Asana's Operating Margin was -19.05% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 6.07 percentage points from -25.11% a year earlier but down 11.61 percentage points from the prior quarter.
Asana (ASAN) Operating Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Asana's Operating Margin was -19.37% through Jul 31, 2026, up 9.33 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was -24.95%, up 11.90 percentage points from FY2025.
- Operating Margin has now increased for three consecutive fiscal years, with a five-year change of +52.39 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Operating Margin was -36.85% in FY2025 (+4.53 pp), -41.38% in FY2024 (+33.15 pp), -74.53% in FY2023 (-4.45 pp) and -70.07% in FY2022 (+7.27 pp).
- Quarterly Operating Margin has moved between -82.49% (fiscal Q2 2023) and -7.43% (fiscal Q1 2027) over five years.
- Compared with a year earlier, Operating Margin has increased for three straight quarters, with an average year-over-year change of +10.15 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q2 2024 (a gain of 37.32 percentage points); the worst was fiscal Q2 2023 (a drop of 15.37 percentage points).
- Per Business Quant data, ASAN's Operating Margin in the three fiscal quarters before Q2 2027 was -7.43% (Q1 2027), -16.53% (Q4 2026) and -34.81% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 97.16 Bn | 72.41 Bn | 6.00 Bn | 34.82% |
| 2 | Autodesk | 56.45 Bn | 44.48 Bn | 1.87 Bn | 29.28% |
| 3 | Atlassian | 49.40 Bn | 42.68 Bn | 1.53 Bn | 11.93% |
| 4 | Twilio | 33.00 Bn | 22.64 Bn | 760.53 Mn | 9.53% |
| 5 | Zoom Communications | 26.85 Bn | -3.88 Bn | 985.50 Mn | 24.61% |
| 6 | Figma | 11.88 Bn | 5.20 Bn | 314.44 Mn | -30.44% |
| 7 | Dropbox | 7.93 Bn | 3.57 Bn | 506.50 Mn | 26.10% |
| 8 | RingCentral | 6.58 Bn | 6.11 Bn | 494.30 Mn | 7.97% |
| 9 | Open Text | 6.44 Bn | 1.87 Bn | 1.01 Bn | 23.70% |
| 10 | Asana | 2.69 Bn | 1.89 Bn | 186.10 Mn | -19.05% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -19.05% |
| Apr 30, 2026 | -7.43% |
| Jan 31, 2026 | -16.53% |
| Oct 31, 2025 | -34.81% |
| Jul 31, 2025 | -25.11% |
| Apr 30, 2025 | -23.44% |
| Jan 31, 2025 | -33.76% |
| Oct 31, 2024 | -32.73% |
| Jul 31, 2024 | -42.85% |
| Apr 30, 2024 | -38.37% |
| Jan 31, 2024 | -39.70% |
| Oct 31, 2023 | -38.09% |
| Jul 31, 2023 | -45.17% |
| Apr 30, 2023 | -42.81% |
| Jan 31, 2023 | -66.04% |
| Oct 31, 2022 | -71.49% |
| Jul 31, 2022 | -82.49% |
| Apr 30, 2022 | -79.76% |
| Jan 31, 2022 | -77.77% |
| Oct 31, 2021 | -67.86% |
Asana 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=ASAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ASAN", "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=ASAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();