Elanco Animal Health (ELAN) Operating Margin (2017 - 2026)
Elanco Animal Health (ELAN) recorded Operating Margin of 18.13% in Q2 2026, up 0.40 percentage points from 17.73% a year earlier but down 3.10 percentage points from the prior quarter.
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Analysis
Elanco Animal Health (ELAN) Operating Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Elanco Animal Health's Operating Margin came in at 12.69% as of Jun 30, 2026, up 13.25 percentage points year-over-year; for FY2025, it came in at 11.83%, up 45.96 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +83.49 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at -34.13% in FY2024 (+36.64 pp), -70.77% in FY2023 (-25.77 pp), -45.00% in FY2022 (+11.74 pp) and -56.74% in FY2021 (+14.92 pp).
- Quarterly Operating Margin has ranged from -148.31% in Q3 2023 to 21.23% in Q1 2026 over the past five years.
- On a year-over-year basis, Operating Margin has increased for nine consecutive quarters, with an average year-over-year change of +43.09 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 154.82 percentage points in Q3 2024, against a drop of 98.02 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.23% (Q1 2026), -3.85% (Q4 2025) and 12.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 28.21% |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 37.86% |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | -3.52% |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 32.97% |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 20.57% |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 34.95% |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | -133.21% |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 28.37% |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 37.40% |
| 10 | Elanco Animal Health | 11.18 Bn | 9.18 Bn | 798.00 Mn | 18.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.13% |
| Mar 31, 2026 | 21.23% |
| Dec 31, 2025 | -3.85% |
| Sep 30, 2025 | 12.49% |
| Jun 30, 2025 | 17.73% |
| Mar 31, 2025 | 20.12% |
| Dec 31, 2024 | -54.12% |
| Sep 30, 2024 | 6.50% |
| Jun 30, 2024 | -44.51% |
| Mar 31, 2024 | -41.74% |
| Dec 31, 2023 | -62.13% |
| Sep 30, 2023 | -148.31% |
| Jun 30, 2023 | -48.53% |
| Mar 31, 2023 | -30.71% |
| Dec 31, 2022 | -54.52% |
| Sep 30, 2022 | -50.29% |
| Jun 30, 2022 | -42.38% |
| Mar 31, 2022 | -35.40% |
| Dec 31, 2021 | -57.10% |
| Sep 30, 2021 | -55.88% |
API Access
Elanco Animal Health 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=ELAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ELAN", "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=ELAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();