Fold Holdings (FLD) Operating Margin (2024 - 2026)

Fold Holdings (FLD) recorded quarterly Operating Margin of 144.81% in Q1 2026, down 106.09% quarter-over-quarter from 70.27% in Q4 2025, and down 514.0% on a YoY basis from 34.98% in Q1 2025.

Fold Holdings (FLD) Operating Margin (2024 - 2026) Analysis & Trends

Fold Holdings' Operating Margin history runs 3 years deep, the most recent figure standing at 144.81% for Q1 2026.

  • In Q1 2026, Operating Margin fell 514.0% year-over-year to 144.81%; the TTM figure through Mar 2026 stood at 91.22% (down 307.0% YoY), while the FY2025 annual figure was 45.96%, up 1157.0% from the prior year.
  • Operating Margin was 144.81% for Q1 2026 at Fold Holdings, down from 70.27% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 12.18% in Q2 2024 to a low of 144.81% in Q1 2026.
  • Historically, Operating Margin has averaged 77.98% across 3 years, with a median of 83.5% in 2025.
  • Biggest YoY gain for Operating Margin was 6612 bps in 2025; the steepest drop was 12494 bps in 2025.
  • A 3-year view of Operating Margin shows it stood at 136.39% in 2024, then jumped by 48 bps to 70.27% in 2025, then tumbled by 106 bps to 144.81% in 2026.
  • The last three Operating Margin figures came in at 144.81% (Q1 2026), 70.27% (Q4 2025), and 83.5% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - -
3 Goldman Sachs 317.73 Bn -619.82 Bn - -
4 Schwab Charles 153.74 Bn 108.77 Bn - -
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 28.49%
6 Interactive Brokers 38.91 Bn 49.50 Bn - -
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - -
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 46.50%
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 108.11%
10 Fold Holdings 33.55 Mn 22.02 Mn 5.32 Mn -144.81%

Historic Data

Download Data
DateValue
Mar 31, 2026 -144.81%
Dec 31, 2025 -70.27%
Sep 30, 2025 -83.50%
Jun 30, 2025 -84.96%
Mar 31, 2025 -139.68%
Dec 31, 2024 -136.39%
Sep 30, 2024 -15.29%
Jun 30, 2024 -12.18%
Mar 31, 2024 -14.74%