Hershey (HSY) Operating Margin (2009 - 2026)

Hershey (HSY) has 18 years of Operating Margin data on file, last reported at 20.64% in Q1 2026.

• Operating Margin for Q1 2026 came in at 20.64%, up 748.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.29% (down 626.0% YoY), and the FY2025 annual result was 12.33%, down 1354.0% from the prior year.
• Operating Margin grew to 20.64% in Q1 2026 per HSY's latest filing, from 14.39% in the prior quarter.
• Over five years, Operating Margin peaked at 32.53% in Q1 2024 and troughed at 7.37% in Q2 2025.
• A 5-year average of 20.37% and a median of 20.4% in 2022 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2024 and 2025: Operating Margin surged 1505 bps in 2024, then slumped 1937 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 19.86% in 2022, then declined by 12 bps to 17.47% in 2023, then surged by 86 bps to 32.52% in 2024, then tumbled by 56 bps to 14.39% in 2025, then jumped by 43 bps to 20.64% in 2026.
• Business Quant data shows HSY's Operating Margin at 20.64% in Q1 2026, 14.39% in Q4 2025, and 13.66% in Q3 2025.