Haleon (HLN) Operating Margin (2021 - 2025)

Haleon's (HLN) quarterly Operating Margin came in at 21.95% in Q4 2025, up 8.63% on a QoQ basis from 20.21% in Q4 2023.

Haleon (HLN) Operating Margin (2021 - 2025) Analysis & Trends

Haleon (HLN) has 4 years of Operating Margin data on file, last reported at 21.95% in Q4 2025.

Quarterly Operating Margin changed N/A year-over-year to 21.95% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 20.62% (changed N/A YoY) and the FY2025 annual result came in at 21.87%, up 223.0% from the prior year.
Operating Margin rose to 21.95% in Q4 2025, from 20.21% in the prior quarter.
In the past five years, Operating Margin ranged from a high of 55.92% in Q4 2022 to a low of 17.61% in Q4 2021.
A 4-year average of 25.89% and a median of 20.6% in 2023 frame the typical range for Operating Margin.
Annual changes were most pronounced in 2022 — Operating Margin jumped 3831 bps — and 2023, when it tumbled 3571 bps.
Tracing HLN's Operating Margin over 4 years: stood at 17.61% in 2021, then soared by 218 bps to 55.92% in 2022, then sank by 64 bps to 20.21% in 2023, then advanced by 9 bps to 21.95% in 2025.
The last three Operating Margin figures came in at 21.95% (Q4 2025), 20.21% (Q4 2023), and 18.68% (Q2 2023), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Haleon	43.65 Bn	42.68 Bn	-	-
2	Teva Pharmaceutical Industries	43.09 Bn	39.44 Bn	2.15 Bn	-5.58%
3	Zoetis	31.54 Bn	29.86 Bn	1.05 Bn	33.91%
4	Takeda Pharmaceutical	28.61 Bn	22.81 Bn	5.10 Bn	16.51%
5	United Therapeutics	22.11 Bn	19.45 Bn	683.80 Mn	42.23%
6	Viatris	18.77 Bn	17.88 Bn	1.46 Bn	0.17%
7	Neurocrine Biosciences	15.62 Bn	15.23 Bn	935.80 Mn	15.80%
8	Elanco Animal Health	12.07 Bn	11.54 Bn	798.00 Mn	18.13%
9	Dr Reddys Laboratories	10.09 Bn	9.93 Bn	-	-
10	Alkermes	8.20 Bn	7.54 Bn	397.90 Mn	3.70%

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