Bakkt, Inc. (BKKT) Operating Margin (2021 - 2026)

Bakkt has reported Operating Margin for 6 years, with the latest figure at 11.53% in Q2 2026.

• On a quarterly basis, Operating Margin fell 874.0% year-over-year to 11.53% in Q2 2026; TTM through Jun 2026 was 13.7%, a 1192.0% decrease from a year earlier, with the FY2025 full-year figure at 6.33%, down 393.0% from the prior year.
• Operating Margin was 11.53% for Q2 2026 at Bakkt, down from 6.95% in the prior quarter.
• The five-year high for Operating Margin was 0.57% in Q4 2024, with the low at 12070.7% in Q3 2022.
• Average Operating Margin over 5 years is 851.05%, with a median of 9.59% recorded in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 1174405 bps in 2022, then soared 1204488 bps in 2023.
• Over 5 years, Operating Margin stood at 2086.85% in 2022, then jumped by 100 bps to 4.24% in 2023, then soared by 87 bps to 0.57% in 2024, then plunged by 5222 bps to 30.42% in 2025, then soared by 62 bps to 11.53% in 2026.
• The last three Operating Margin figures came in at 11.53% (Q2 2026), 6.95% (Q1 2026), and 30.42% (Q4 2025), per Business Quant data.