KPIs & Operating Metrics(New)
Growth Metrics

Equinor Asa (EQNR) Operating Margin (2016 - 2026)

Equinor Asa filings provide 18 years of Operating Margin readings, the most recent being 31.55% for Q1 2026.

  • On a quarterly basis, Operating Margin rose 189.0% to 31.55% in Q1 2026 year-over-year; TTM through Mar 2026 was 24.2%, a 544.0% decrease, with the full-year FY2025 number at 23.96%, down 585.0% from a year prior.
  • Operating Margin hit 31.55% in Q1 2026 for Equinor Asa, up from 21.65% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 51.02% in Q1 2022 to a low of 20.23% in Q3 2025.
  • Median Operating Margin over the past 5 years was 30.04% (2023), compared with a mean of 31.23%.
  • Biggest five-year swings in Operating Margin: soared 1865bps in 2022 and later plummeted -994bps in 2025.
  • Equinor Asa's Operating Margin stood at 48.73% in 2022, then tumbled by -38bps to 30.11% in 2023, then grew by 5bps to 31.59% in 2024, then plummeted by -31bps to 21.65% in 2025, then skyrocketed by 46bps to 31.55% in 2026.
  • The last three reported values for Operating Margin were 31.55% (Q1 2026), 21.65% (Q4 2025), and 20.23% (Q3 2025) per Business Quant data.