Fresenius Medical Care AG (FMS) Operating Margin (2009 - 2025)

Fresenius Medical Care AG's Operating Margin history runs 17 years deep, the most recent figure standing at 9308.5% for Q4 2025.

• In Q4 2025, Operating Margin rose 930130.0% year-over-year to 9308.5%; the TTM figure through Dec 2025 stood at 21.56% (up 1404.0% YoY), while the FY2025 annual figure was 9.31%, up 142.0% from the prior year.
• Operating Margin was 9308.5% for Q4 2025 at Fresenius Medical Care AG, up from 9.75% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 10513.21% in Q4 2021 to a low of 0.01% in Q4 2023.
• Historically, Operating Margin has averaged 1008.52% across 5 years, with a median of 9.32% in 2024.
• The sharpest annual moves came in 2021 and 2022: Operating Margin surged 1051320 bps in 2021, then tumbled 1050542 bps in 2022.
• A 5-year view of Operating Margin shows it stood at 10513.21% in 2021, then tumbled by 100 bps to 7.79% in 2022, then tumbled by 100 bps to 0.01% in 2023, then jumped by 102195 bps to 7.2% in 2024, then jumped by 129165 bps to 9308.5% in 2025.
• The last three Operating Margin figures came in at 9308.5% (Q4 2025), 9.75% (Q3 2025), and 8.87% (Q2 2025), per Business Quant data.