Icon (ICLR) Operating Margin (2009 - 2026)
Icon (ICLR) recorded Operating Margin of 9.82% in the quarter ended Sep 30, 2026, up 20.51 percentage points from -10.69% a year earlier and up 3.14 percentage points from the prior quarter.
Powered by 
Analysis
Icon (ICLR) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Icon's Operating Margin came in at 8.72% as of Sep 30, 2026, up 2.95 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 5.37%, down 7.24 percentage points from the prior year.
- Annual Operating Margin has a five-year change of -8.63 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Operating Margin came in at 12.61% in the year ended Dec 31, 2024 (+1.38 pp), 11.23% in the year ended Dec 31, 2023 (+0.96 pp), 10.27% in the year ended Dec 31, 2022 (+3.37 pp) and 6.91% in the year ended Dec 31, 2021 (-7.09 pp).
- Quarterly Operating Margin has ranged from -10.69% in the quarter ended Sep 30, 2025 to 14.06% in the quarter ended Sep 30, 2024 over the past five years.
- On a year-over-year basis, Operating Margin rose in three of the last eight quarters, with an average year-over-year change of -1.80 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 20.51 percentage points in the quarter ended Sep 30, 2026, against a drop of 24.75 percentage points in the quarter ended Sep 30, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.68% (quarter ended Jun 30, 2026), 8.54% (quarter ended Mar 31, 2026) and 9.84% (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 42.58 Bn | 33.96 Bn | 1.50 Bn | 12.92% |
| 2 | Medpace Holdings | 18.13 Bn | 15.77 Bn | 223.89 Mn | 23.12% |
| 3 | Charles River Laboratories International | 16.15 Bn | 15.39 Bn | 363.37 Mn | 11.94% |
| 4 | Icon | 15.71 Bn | 12.48 Bn | 491.83 Mn | 9.82% |
| 5 | Fortrea Holdings | 1.93 Bn | 1.22 Bn | 139.50 Mn | 2.17% |
| 6 | Ginkgo Bioworks Holdings | 627.55 Mn | -134.53 Mn | 18.44 Mn | -290.47% |
| 7 | Evotec SE | 540.45 Mn | -1.07 Bn | - | - |
| 8 | Champions Oncology | 68.48 Mn | 44.13 Mn | 7.70 Mn | -2.69% |
| 9 | MindWalk Holdings | 51.38 Mn | 15.04 Mn | 1.61 Mn | -159.86% |
| 10 | Natural Alternatives International | 6.45 Mn | -21.63 Mn | 1.73 Mn | -38.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.82% |
| Jun 30, 2026 | 6.68% |
| Mar 31, 2026 | 8.54% |
| Dec 31, 2025 | 9.84% |
| Sep 30, 2025 | -10.69% |
| Jun 30, 2025 | 11.33% |
| Mar 31, 2025 | 11.26% |
| Dec 31, 2024 | 11.89% |
| Sep 30, 2024 | 14.06% |
| Jun 30, 2024 | 10.84% |
| Mar 31, 2024 | 13.66% |
| Dec 31, 2023 | 10.70% |
| 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% |
API Access
Icon 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=ICLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ICLR", "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=ICLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();