Equinor Asa (EQNR) Operating Margin (2009 - 2026)

Equinor Asa (EQNR) has reported Operating Margin for 18 consecutive years, with 31.55% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 31.55%, up 189.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.2% (down 544.0% YoY), and the FY2025 annual result was 23.96%, down 585.0% from the prior year.
• Operating Margin was 31.55% for Q1 2026 at Equinor Asa, up from 21.65% in the prior quarter.
• Over five years, Operating Margin peaked at 51.02% in Q1 2022 and troughed at 20.23% in Q3 2025.
• Average Operating Margin over 5 years is 31.18%, with a median of 29.82% recorded in 2024.
• Year-over-year, Operating Margin soared 1865 bps in 2022 and tumbled 994 bps in 2025.
• Over 5 years, Operating Margin stood at 48.73% in 2022, then tumbled by 40 bps to 29.46% in 2023, then advanced by 7 bps to 31.59% in 2024, then tumbled by 31 bps to 21.65% in 2025, then surged by 46 bps to 31.55% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 31.55% in Q1 2026, 21.65% in Q4 2025, and 20.23% in Q3 2025.