Clearwater Analytics Holdings (CWAN) Operating Margin (2020 - 2026)
Clearwater Analytics Holdings (CWAN) posted Operating Margin of 4.06% for Q1 2026, up 231.05% on a QoQ basis from 3.1% in Q4 2025, and down 152.0% year-over-year from 7.81% in Q1 2025.
Clearwater Analytics Holdings (CWAN) Operating Margin (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings' Operating Margin history runs 7 years deep, the most recent figure standing at 4.06% for Q1 2026.
- Quarterly Operating Margin fell 152.0% year-over-year to 4.06% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.7% (down 479.0% YoY) and the FY2025 annual result came in at 1.05%, down 376.0% from the prior year.
- Operating Margin was 4.06% for Q1 2026 at Clearwater Analytics Holdings, up from 3.1% in the prior quarter.
- Across five years, Operating Margin topped out at 6.34% in Q3 2024 and bottomed at 8.01% in Q2 2025.
- A 5-year average of 0.0% and a median of 1.54% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 1925 bps — and 2024, when it jumped 1255 bps.
- Clearwater Analytics Holdings' Operating Margin stood at 4.69% in 2022, then slumped by 44 bps to 2.62% in 2023, then tumbled by 63 bps to 0.96% in 2024, then tumbled by 422 bps to 3.1% in 2025, then jumped by 231 bps to 4.06% in 2026.
- Business Quant data shows CWAN's Operating Margin at 4.06% in Q1 2026, 3.1% in Q4 2025, and 3.2% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | Clearwater Analytics Holdings | 7.24 Bn | 7.17 Bn | 145.55 Mn | 4.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.06% |
| Dec 31, 2025 | -3.10% |
| Sep 30, 2025 | 3.20% |
| Jun 30, 2025 | -8.01% |
| Mar 31, 2025 | 5.58% |
| Dec 31, 2024 | 0.96% |
| Sep 30, 2024 | 6.34% |
| Jun 30, 2024 | 3.60% |
| Mar 31, 2024 | -0.16% |
| Dec 31, 2023 | 2.62% |
| Sep 30, 2023 | -6.22% |
| Jun 30, 2023 | -7.93% |
| Mar 31, 2023 | -7.47% |
| Dec 31, 2022 | 4.69% |
| Sep 30, 2022 | -1.52% |
| Jun 30, 2022 | 1.54% |
| Mar 31, 2022 | 1.81% |
| Dec 31, 2021 | 0.94% |
| Sep 30, 2021 | 11.26% |
| Jun 30, 2021 | 14.06% |