Icon (ICLR) Operating Margin (2009 - 2026)
Icon (ICLR) posted quarterly Operating Margin of 8.54% for Q1 2026, down 272.0% YoY from 4.97% in Q1 2025, and up 101.52% sequentially from 4.24% in Q3 2025.
Icon (ICLR) Operating Margin (2009 - 2026) Analysis & Trends
Icon has disclosed Operating Margin across 18 years of filings, most recently posting 8.54% for Q1 2026.
- In Q1 2026, Operating Margin fell 272.0% year-over-year to 8.54%; the TTM figure through Mar 2026 stood at 4.9% (down 777.0% YoY), while the FY2025 annual figure was 7.5%, down 976.0% from the prior year.
- Operating Margin grew to 8.54% in Q1 2026, from 4.24% in the prior quarter.
- Over the last five years, Operating Margin for ICLR reached as high as 14.55% in Q4 2024 and fell as low as 4.24% in Q3 2025.
- The 5-year median for Operating Margin is 10.9% (2023), against an average of 10.98%.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 1227 bps — and 2025, when it sank 982 bps.
- A 5-year view of Operating Margin shows it stood at 10.37% in 2022, then climbed by 24 bps to 12.85% in 2023, then increased by 13 bps to 14.55% in 2024, then sank by 71 bps to 4.24% in 2025, then jumped by 102 bps to 8.54% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 8.54%, 4.24%, and 10.37% for Q1 2026, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | -3.71% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 16.93% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 22.58% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 31.78% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | -13.42% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 21.74% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 12.38% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 19.16% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 25.23% |
| 10 | Icon | 13.41 Bn | 12.64 Bn | 477.93 Mn | 8.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.54% |
| Sep 30, 2025 | 4.24% |
| Jun 30, 2025 | 10.37% |
| Mar 31, 2025 | 11.26% |
| Dec 31, 2024 | 14.55% |
| Sep 30, 2024 | 14.06% |
| Jun 30, 2024 | 10.84% |
| Mar 31, 2024 | 10.46% |
| Dec 31, 2023 | 12.85% |
| Sep 30, 2023 | 12.86% |
| Jun 30, 2023 | 10.37% |
| Mar 31, 2023 | 10.96% |
| Dec 31, 2022 | 10.37% |
| Sep 30, 2022 | 12.55% |
| Jun 30, 2022 | 9.19% |
| Mar 31, 2022 | 8.96% |
| Dec 31, 2021 | 7.67% |
| Sep 30, 2021 | 0.27% |
| Jun 30, 2021 | 12.96% |
| Mar 31, 2021 | 13.52% |