JFrog (FROG) Operating Margin (2019 - 2026)
JFrog (FROG) reported Operating Margin of 8.4% for Q1 2026, up 1037.0% on a YoY basis from 0.74% in Q1 2025, and down 122.05% quarter-over-quarter from 38.09% in Q4 2025.
JFrog (FROG) Operating Margin (2019 - 2026) Analysis & Trends
JFrog has reported Operating Margin for 8 years, with the latest figure at 8.4% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 1037.0% year-over-year to 8.4%; the trailing twelve-month figure through Mar 2026 stood at 0.91% (up 385.0% YoY), and the FY2025 full-year result was 2.86%, up 68.0% from the prior year.
- Operating Margin for Q1 2026 stood at 8.4%, down from 38.09% in the prior quarter.
- The five-year high for Operating Margin was 48.97% in Q4 2023, with the low at 33.05% in Q2 2022.
- Historically, Operating Margin has averaged 11.49% across 5 years, with a median of 20.36% in 2023.
- Annual changes were most pronounced in 2023 — Operating Margin soared 8144 bps — and 2024, when it slumped 707 bps.
- JFrog's Operating Margin stood at 32.47% in 2022, then surged by 251 bps to 48.97% in 2023, then retreated by 11 bps to 43.54% in 2024, then retreated by 13 bps to 38.09% in 2025, then tumbled by 122 bps to 8.4% in 2026.
- The last three Operating Margin figures came in at 8.4% (Q1 2026), 38.09% (Q4 2025), and 15.77% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | JFrog | 9.43 Bn | 8.69 Bn | 120.38 Mn | -8.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.40% |
| Dec 31, 2025 | 38.09% |
| Sep 30, 2025 | -15.77% |
| Jun 30, 2025 | -20.41% |
| Mar 31, 2025 | -18.77% |
| Dec 31, 2024 | 43.54% |
| Sep 30, 2024 | -27.44% |
| Jun 30, 2024 | -18.56% |
| Mar 31, 2024 | -16.58% |
| Dec 31, 2023 | 48.97% |
| Sep 30, 2023 | -20.36% |
| Jun 30, 2023 | -22.46% |
| Mar 31, 2023 | -29.08% |
| Dec 31, 2022 | -32.47% |
| Sep 30, 2022 | -32.56% |
| Jun 30, 2022 | -33.05% |
| Mar 31, 2022 | -30.05% |
| Dec 31, 2021 | -38.17% |
| Sep 30, 2021 | -38.95% |
| Jun 30, 2021 | -29.25% |