Clearwater Analytics Holdings (CWAN) Operating Margin (2020 - 2026)

Clearwater Analytics Holdings has reported Operating Margin for 7 years, with the latest figure at 4.06% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin fell 152.0% year-over-year to 4.06%; the trailing twelve-month figure through Mar 2026 stood at 0.7% (down 479.0% YoY), and the FY2025 full-year result was 1.05%, down 376.0% from the prior year.
• Operating Margin for Q1 2026 stood at 4.06%, up from 3.1% in the prior quarter.
• The five-year high for Operating Margin was 6.34% in Q3 2024, with the low at 8.01% in Q2 2025.
• Historically, Operating Margin has averaged 0.0% across 5 years, with a median of 1.54% in 2022.
• Annual changes were most pronounced in 2022 — Operating Margin plunged 1925 bps — and 2024, when it jumped 1255 bps.
• Clearwater Analytics Holdings' Operating Margin stood at 4.69% in 2022, then plunged by 44 bps to 2.62% in 2023, then sank by 63 bps to 0.96% in 2024, then sank by 422 bps to 3.1% in 2025, then surged by 231 bps to 4.06% in 2026.
• The last three Operating Margin figures came in at 4.06% (Q1 2026), 3.1% (Q4 2025), and 3.2% (Q3 2025), per Business Quant data.