IHS Holding (IHS) Operating Margin (2020 - 2026)
IHS Holding (IHS) posted Operating Margin of 19.32% for Q2 2026, down 19.12 percentage points from 38.43% a year earlier and down 7.47 percentage points from the prior quarter.
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Analysis
IHS Holding (IHS) Operating Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at IHS Holding was 39.94%, down 2.67 percentage points year-over-year; for FY2025, it was 51.92%, up 12.37 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +28.26 percentage points (FY2020 to FY2025).
- In prior years, IHS Holding's Operating Margin was 39.55% in FY2024 (+12.31 pp), 27.24% in FY2023 (+11.32 pp), 15.92% in FY2022 (-8.66 pp) and 24.58% in FY2021 (+0.93 pp).
- The Q2 2026 figure stands as the lowest quarterly Operating Margin since Q1 2024.
- On a year-over-year basis, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +11.65 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2025, with a gain of 43.98 percentage points; the weakest was Q1 2024, with a drop of 34.09 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 26.79% (Q1 2026), 81.40% (Q4 2025) and 35.14% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 46.15% |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 24.28% |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 46.63% |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 49.19% |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 33.72% |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 22.22% |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 738.42% |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 19.32% |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 20.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.32% |
| Mar 31, 2026 | 26.79% |
| Dec 31, 2025 | 81.40% |
| Sep 30, 2025 | 35.14% |
| Jun 30, 2025 | 38.43% |
| Mar 31, 2025 | 42.29% |
| Dec 31, 2024 | 60.61% |
| Sep 30, 2024 | 29.93% |
| Jun 30, 2024 | 34.04% |
| Mar 31, 2024 | -1.70% |
| Dec 31, 2023 | 34.18% |
| Sep 30, 2023 | 2.92% |
| Jun 30, 2023 | 27.02% |
| Mar 31, 2023 | 32.39% |
| Dec 31, 2022 | -5.08% |
| Sep 30, 2022 | 25.68% |
| Jun 30, 2022 | 20.64% |
| Mar 31, 2022 | 24.35% |
| Dec 31, 2021 | 18.92% |
| Sep 30, 2021 | 13.93% |
API Access
IHS Holding 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=IHS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IHS", "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=IHS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();