Enbridge (ENB) Operating Margin (2016 - 2026)

Enbridge's Operating Margin history runs 11 years deep, the most recent figure standing at 14.43% for Q1 2026.

• In Q1 2026, Operating Margin fell 2741.0% year-over-year to 14.43%; the TTM figure through Mar 2026 stood at 15.22% (down 536.0% YoY), while the FY2025 annual figure was 2.25%, down 3502.0% from the prior year.
• Operating Margin came in at 14.43% for Q1 2026 at Enbridge, down from 15.87% in the prior quarter.
• Over five years, Operating Margin peaked at 41.84% in Q1 2025 and troughed at 4.02% in Q4 2022.
• The 5-year median for Operating Margin is 15.87% (2025), against an average of 17.39%.
• The widest annual swing landed in 2023, when Operating Margin soared 2035 bps; it then slumped 2741 bps in 2026.
• A 5-year view of Operating Margin shows it stood at 4.02% in 2022, then jumped by 506 bps to 16.33% in 2023, then retreated by 8 bps to 15.09% in 2024, then increased by 5 bps to 15.87% in 2025, then declined by 9 bps to 14.43% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 14.43% in Q1 2026, 15.87% in Q4 2025, and 15.51% in Q3 2025.