Ballard Power Systems (BLDP) Operating Margin (2009 - 2026)

Ballard Power Systems (BLDP) has reported Operating Margin for 18 consecutive years, with 81.77% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin rose 10431.0% year-over-year to 81.77% in Q2 2026; TTM through Jun 2026 was 67.53%, a 15553.0% increase from a year earlier, with the FY2025 full-year figure at 104.11%, up 15875.0% from the prior year.
• Operating Margin was 81.77% for Q2 2026 at Ballard Power Systems, down from 70.28% in the prior quarter.
• Over five years, Operating Margin peaked at 33.48% in Q4 2025 and troughed at 427.51% in Q3 2024.
• A 5-year average of 182.76% and a median of 172.3% in 2025 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin soared 1979584 bps in 2022 and slumped 28872 bps in 2024, its largest moves.
• Over 5 years, Operating Margin stood at 158.51% in 2022, then jumped by 39 bps to 96.55% in 2023, then tumbled by 54 bps to 148.41% in 2024, then jumped by 77 bps to 33.48% in 2025, then slumped by 144 bps to 81.77% in 2026.
• The last three Operating Margin figures came in at 81.77% (Q2 2026), 70.28% (Q1 2026), and 33.48% (Q4 2025), per Business Quant data.