CrowdStrike Holdings (CRWD) Operating Margin (2018 - 2026)
CrowdStrike Holdings' Operating Margin was -2.26% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 6.76 percentage points from -9.02% a year earlier but down 0.05 percentage points from the prior quarter.
CrowdStrike Holdings (CRWD) Operating Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, CrowdStrike Holdings' Operating Margin was -2.21% through Jul 31, 2026, up 6.11 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was -6.10%, down 3.15 percentage points from FY2025.
- Operating Margin shows a five-year change of +4.49 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Operating Margin was -2.94% in FY2025 (-2.32 pp), -0.63% in FY2024 (+7.86 pp), -8.48% in FY2023 (+1.34 pp) and -9.82% in FY2022 (+0.76 pp).
- Quarterly Operating Margin has moved between -10.76% (fiscal Q1 2026) and 1.48% (fiscal Q4 2024) over five years.
- Compared with a year earlier, Operating Margin has increased for three straight quarters, with an average year-over-year change of -1.64 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q4 2024 (a gain of 11.13 percentage points); the worst was fiscal Q1 2026 (a drop of 11.51 percentage points).
- Per Business Quant data, CRWD's Operating Margin in the three fiscal quarters before Q2 2027 was -2.21% (Q1 2027), 1.06% (Q4 2026) and -5.63% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 305.41 Bn | 290.49 Bn | 2.30 Bn | 5.04% |
| 2 | CrowdStrike Holdings | 258.16 Bn | 238.60 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 127.25 Bn | 113.18 Bn | 1.64 Bn | 33.66% |
| 4 | Snowflake | 118.44 Bn | 105.76 Bn | 1.04 Bn | -17.00% |
| 5 | Datadog | 96.25 Bn | 77.89 Bn | 881.34 Mn | 0.49% |
| 6 | Axon Enterprise | 34.94 Bn | 29.46 Bn | 546.45 Mn | 5.17% |
| 7 | MongoDB | 33.06 Bn | 23.53 Bn | 569.77 Mn | 3.68% |
| 8 | Okta | 32.62 Bn | 22.72 Bn | 641.00 Mn | 13.29% |
| 9 | Zscaler | 31.48 Bn | 17.60 Bn | - | - |
| 10 | Baidu | 29.71 Bn | -43.91 Bn | 1.47 Mn | 9.66% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -2.26% |
| Apr 30, 2026 | -2.21% |
| Jan 31, 2026 | 1.06% |
| Oct 31, 2025 | -5.63% |
| Jul 31, 2025 | -9.02% |
| Apr 30, 2025 | -10.76% |
| Jan 31, 2025 | -7.68% |
| Oct 31, 2024 | -5.52% |
| Jul 31, 2024 | 1.42% |
| Apr 30, 2024 | 0.75% |
| Jan 31, 2024 | 1.48% |
| Oct 31, 2023 | 0.40% |
| Jul 31, 2023 | -2.10% |
| Apr 30, 2023 | -2.81% |
| Jan 31, 2023 | -9.65% |
| Oct 31, 2022 | -9.71% |
| Jul 31, 2022 | -9.03% |
| Apr 30, 2022 | -4.90% |
| Jan 31, 2022 | -5.46% |
| Oct 31, 2021 | -10.59% |
CrowdStrike Holdings 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=CRWD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CRWD", "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=CRWD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();