Bakkt (BKKT) Operating Margin (2021 - 2026)
Bakkt (BKKT) posted quarterly Operating Margin of 6.95% for Q1 2026, down 550.0% year-over-year from 1.55% in Q1 2025, and up 77.14% quarter-over-quarter from 30.42% in Q4 2025.
Bakkt (BKKT) Operating Margin (2021 - 2026) Analysis & Trends
Bakkt's Operating Margin history runs 6 years deep, the most recent figure standing at 6.95% for Q1 2026.
- In Q1 2026, Operating Margin fell 550.0% year-over-year to 6.95%; the TTM figure through Mar 2026 stood at 13.54% (down 1217.0% YoY), while the FY2025 annual figure was 6.33%, down 393.0% from the prior year.
- Operating Margin for Q1 2026 stood at 6.95%, up from 30.42% in the prior quarter.
- The five-year high for Operating Margin was 0.29% in Q4 2024, with the low at 168420.0% in Q3 2025.
- The 5-year median for Operating Margin is 14.7% (2023), against an average of 10807.15%.
- The sharpest annual moves came in 2023 and 2025: Operating Margin jumped 1204488 bps in 2023, then sank 16841205 bps in 2025.
- Bakkt's Operating Margin stood at 2086.85% in 2022, then surged by 100 bps to 4.24% in 2023, then surged by 93 bps to 0.29% in 2024, then plunged by 10278 bps to 30.42% in 2025, then surged by 77 bps to 6.95% in 2026.
- Business Quant data shows BKKT's Operating Margin at 6.95% in Q1 2026, 30.42% in Q4 2025, and 168420.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,572.01 Bn | 3,439.26 Bn | 60.48 Bn | 45.11% |
| 2 | Palantir Technologies | 417.52 Bn | 408.11 Bn | 1.64 Bn | 47.12% |
| 3 | Oracle | 404.72 Bn | 372.82 Bn | - | 31.97% |
| 4 | Palo Alto Networks | 279.48 Bn | 276.37 Bn | 2.03 Bn | -6.10% |
| 5 | CrowdStrike Holdings | 192.90 Bn | 188.34 Bn | 1.04 Bn | -2.21% |
| 6 | Fortinet | 110.46 Bn | 106.39 Bn | 1.64 Bn | 33.66% |
| 7 | Cloudflare | 98.68 Bn | 94.52 Bn | 499.52 Mn | -29.55% |
| 8 | Synopsys | 75.30 Bn | 73.02 Bn | 1.77 Bn | 8.43% |
| 9 | CoreWeave | 49.50 Bn | 43.96 Bn | 1.70 Bn | -1.90% |
| 10 | Bakkt | 307.24 Mn | 256.55 Mn | 2.21 Mn | -11.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -11.53% |
| Mar 31, 2026 | -6.95% |
| Dec 31, 2025 | -30.42% |
| Sep 30, 2025 | -168,420.00% |
| Jun 30, 2025 | -3.20% |
| Mar 31, 2025 | -1.45% |
| Dec 31, 2024 | -0.29% |
| Sep 30, 2024 | -7.95% |
| Jun 30, 2024 | -4.32% |
| Mar 31, 2024 | -3.73% |
| Dec 31, 2023 | -4.24% |
| Sep 30, 2023 | -25.81% |
| Jun 30, 2023 | -14.70% |
| Mar 31, 2023 | -343.81% |
| Dec 31, 2022 | -2,086.85% |
| Sep 30, 2022 | -12,070.70% |
| Jun 30, 2022 | -310.30% |
| Mar 31, 2022 | -386.90% |
| Sep 30, 2021 | -326.65% |
| Jun 30, 2021 | -369.14% |