Atour Lifestyle Holdings (ATAT) Operating Margin (2021 - 2026)

Atour Lifestyle Holdings' Operating Margin history runs 6 years deep, the most recent figure standing at 23.58% for Q1 2026.

• On a quarterly basis, Operating Margin rose 494.0% year-over-year to 23.58% in Q1 2026; TTM through Mar 2026 was 24.44%, a 289.0% increase from a year earlier, with the FY2025 full-year figure at 23.56%, up 118.0% from the prior year.
• Operating Margin retreated to 23.58% in Q1 2026 per ATAT's latest filing, from 25.24% in the prior quarter.
• Across five years, Operating Margin topped out at 28.06% in Q2 2023 and bottomed at 2.88% in Q1 2022.
• The 5-year median for Operating Margin is 22.11% (2024), against an average of 19.78%.
• Biggest YoY gain for Operating Margin was 1412 bps in 2024; the steepest drop was 628 bps in 2024.
• Year by year, Operating Margin stood at 12.52% in 2022, then increased by 14 bps to 14.23% in 2023, then surged by 40 bps to 19.86% in 2024, then rose by 27 bps to 25.24% in 2025, then slipped by 7 bps to 23.58% in 2026.
• Per Business Quant, the three latest ATAT Operating Margin figures stand at 23.58% (Q1 2026), 25.24% (Q4 2025), and 24.79% (Q3 2025).