Freshworks (FRSH) Operating Margin (2020 - 2026)
Freshworks recorded quarterly Operating Margin of 3.53% in Q1 2026, down 119.76% quarter-over-quarter from 17.84% in Q4 2025, and up 178.0% year-over-year from 1.27% in Q1 2025.
Freshworks' Operating Margin history runs 7 years deep, the most recent figure standing at 3.53% for Q1 2026.
- In Q1 2026, Operating Margin rose 178.0% year-over-year to 3.53%; the TTM figure through Mar 2026 stood at 1.79% (up 1734.0% YoY), while the FY2025 annual figure was 1.57%, up 2081.0% from the prior year.
- Operating Margin came in at 3.53% for Q1 2026 at Freshworks, down from 17.84% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 17.84% in Q4 2025 to a low of 55.46% in Q2 2022.
- A 5-year average of 22.28% and a median of 25.01% in 2023 frame the typical range for Operating Margin.
- On a YoY basis, Operating Margin climbed as much as 9990 bps in 2022 and fell as far as 4818 bps in 2022.
- Freshworks' Operating Margin stood at 45.51% in 2022, then soared by 45 bps to 25.01% in 2023, then jumped by 51 bps to 12.23% in 2024, then surged by 246 bps to 17.84% in 2025, then plunged by 120 bps to 3.53% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 3.53%, 17.84%, and 3.47% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 28.69% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 16.69% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.05% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 13.34% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 29.26% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.79% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -22.99% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 46.97% |
| 10 | Freshworks | 2.57 Bn | 2.02 Bn | 193.95 Mn | -3.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.53% |
| Dec 31, 2025 | 17.84% |
| Sep 30, 2025 | -3.47% |
| Jun 30, 2025 | -4.23% |
| Mar 31, 2025 | -5.31% |
| Dec 31, 2024 | -12.23% |
| Sep 30, 2024 | -20.83% |
| Jun 30, 2024 | -25.15% |
| Mar 31, 2024 | -19.48% |
| Dec 31, 2023 | -25.01% |
| Sep 30, 2023 | -25.23% |
| Jun 30, 2023 | -29.84% |
| Mar 31, 2023 | -34.94% |
| Dec 31, 2022 | -45.51% |
| Sep 30, 2022 | -45.27% |
| Jun 30, 2022 | -55.46% |
| Mar 31, 2022 | -41.11% |
| Dec 31, 2021 | -53.45% |
| Sep 30, 2021 | -145.17% |
| Jun 30, 2021 | -7.29% |
| Mar 31, 2021 | -2.13% |
| Dec 31, 2020 | -4.64% |
| Sep 30, 2020 | 0.08% |