i3 Verticals (IIIV) Operating Margin (2017 - 2026)

i3 Verticals' Operating Margin history runs 10 years deep, the most recent figure standing at 6.51% for Q1 2026.

• On a quarterly basis, Operating Margin fell 284.0% year-over-year to 6.51% in Q1 2026; TTM through Mar 2026 was 0.93%, a 359.0% decrease from a year earlier, with the FY2025 full-year figure at 1.77%, down 51.0% from the prior year.
• Operating Margin rose to 6.51% in Q1 2026 per IIIV's latest filing, from 3.05% in the prior quarter.
• Across five years, Operating Margin topped out at 30.04% in Q3 2022 and bottomed at 9.27% in Q2 2025.
• The 5-year median for Operating Margin is 2.69% (2025), against an average of 2.37%.
• Across the five-year window, Operating Margin surged 2911 bps in 2022 and slumped 2422 bps in 2023, its largest moves.
• Year by year, Operating Margin stood at 0.65% in 2022, then soared by 177 bps to 0.5% in 2023, then soared by 684 bps to 3.93% in 2024, then declined by 22 bps to 3.05% in 2025, then surged by 113 bps to 6.51% in 2026.
• Per Business Quant, the three latest IIIV Operating Margin figures stand at 6.51% (Q1 2026), 3.05% (Q4 2025), and 2.69% (Q3 2025).