Fastly (FSLY) Operating Margin (2018 - 2026)
Fastly (FSLY) recorded Operating Margin of -7.87% in Q2 2026, up 16.97 percentage points from -24.84% a year earlier and up 5.94 percentage points from the prior quarter.
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Analysis
Fastly (FSLY) Operating Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Fastly's Operating Margin came in at -11.96% as of Jun 30, 2026, up 14.32 percentage points year-over-year; for FY2025, it was -19.07%, up 11.82 percentage points from FY2024.
- Annual Operating Margin has increased for four straight years, with a five-year change of +17.79 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at -30.89% in FY2024 (+8.25 pp), -39.14% in FY2023 (+17.76 pp), -56.90% in FY2022 (+4.92 pp) and -61.81% in FY2021 (-24.95 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin in data going back to Q2 2018.
- On a year-over-year basis, Operating Margin has increased for 17 consecutive quarters, with an average year-over-year change of +12.24 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 26.71 percentage points in Q2 2023, against a drop of 30.13 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -13.81% (Q1 2026), -8.74% (Q4 2025) and -18.19% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,949.82 Bn | 3,872.97 Bn | 60.48 Bn | 45.11% |
| 2 | International Business Machines | 225.61 Bn | 176.42 Bn | 9.91 Bn | 15.24% |
| 3 | Cloudflare | 105.36 Bn | 88.89 Bn | 499.52 Mn | -29.55% |
| 4 | Equinix | 97.63 Bn | 86.19 Bn | 1.40 Bn | 25.33% |
| 5 | Nebius | 41.83 Bn | 15.26 Bn | 448.70 Mn | -30.21% |
| 6 | CoreWeave | 34.50 Bn | 21.60 Bn | 1.70 Bn | -1.90% |
| 7 | Verisign | 27.87 Bn | 25.08 Bn | 384.60 Mn | 68.18% |
| 8 | Nutanix | 18.22 Bn | 9.90 Bn | 651.35 Mn | 9.24% |
| 9 | GoDaddy | 14.14 Bn | 9.71 Bn | 828.20 Mn | 26.39% |
| 10 | Fastly | 3.56 Bn | 2.19 Bn | 115.95 Mn | -7.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -7.87% |
| Mar 31, 2026 | -13.81% |
| Dec 31, 2025 | -8.74% |
| Sep 30, 2025 | -18.19% |
| Jun 30, 2025 | -24.84% |
| Mar 31, 2025 | -26.43% |
| Dec 31, 2024 | -24.42% |
| Sep 30, 2024 | -29.58% |
| Jun 30, 2024 | -35.31% |
| Mar 31, 2024 | -34.65% |
| Dec 31, 2023 | -30.91% |
| Sep 30, 2023 | -45.65% |
| Jun 30, 2023 | -40.57% |
| Mar 31, 2023 | -40.21% |
| Dec 31, 2022 | -40.61% |
| Sep 30, 2022 | -60.61% |
| Jun 30, 2022 | -67.27% |
| Mar 31, 2022 | -61.54% |
| Dec 31, 2021 | -57.98% |
| Sep 30, 2021 | -63.34% |
API Access
Fastly Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FSLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FSLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FSLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();