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

Clearwater Analytics Holdings (CWAN) has reported Operating Margin for 7 consecutive years, with 4.06% the latest figure, recorded 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 advanced to 4.06% in Q1 2026 per CWAN's latest filing, 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.
• Historically, Operating Margin has averaged 0.0% across 5 years, with a median of 1.54% in 2022.
• The sharpest annual moves came in 2022 and 2024: Operating Margin sank 1925 bps in 2022, then surged 1255 bps in 2024.
• Over 5 years, 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.
• According to Business Quant data, Operating Margin over the past three periods registered 4.06%, 3.1%, and 3.2% for Q1 2026, Q4 2025, and Q3 2025 respectively.