Danaher (DHR) Operating Margin (2009 - 2026)

Danaher's Operating Margin history runs 18 years deep, the most recent figure standing at 22.58% for Q1 2026.

• In Q1 2026, Operating Margin rose 39.0% year-over-year to 22.58%; the TTM figure through Mar 2026 stood at 19.21% (down 105.0% YoY), while the FY2025 annual figure was 19.09%, down 128.0% from the prior year.
• Operating Margin was 22.58% for Q1 2026 at Danaher, up from 21.97% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 29.59% in Q2 2022 to a low of 12.8% in Q2 2025.
• Historically, Operating Margin has averaged 22.36% across 5 years, with a median of 21.97% in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 849 bps in 2022, then sank 930 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 27.99% in 2022, then retreated by 25 bps to 20.87% in 2023, then grew by 4 bps to 21.8% in 2024, then grew by 1 bps to 21.97% in 2025, then gained by 3 bps to 22.58% in 2026.
• The last three Operating Margin figures came in at 22.58% (Q1 2026), 21.97% (Q4 2025), and 19.06% (Q3 2025), per Business Quant data.