InnovAge Holding (INNV) Operating Margin (2020 - 2026)
InnovAge Holding's Operating Margin came in at 3.87% for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 4.84 percentage points from -0.97% a year earlier and up 15.42 percentage points from the prior quarter.
Powered by 
Analysis
InnovAge Holding (INNV) Operating Margin (2020 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), InnovAge Holding's Operating Margin was 0.26%, up 3.75 percentage points from FY2025.
- Operating Margin carries a five-year change of +2.20 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Operating Margin was -3.49% in FY2025 (-0.45 pp), -3.03% in FY2024 (+4.14 pp), -7.18% in FY2023 (-6.55 pp) and -0.63% in FY2022 (+1.30 pp).
- The five-year range for quarterly Operating Margin is -11.54% (fiscal Q3 2026) to 6.74% (fiscal Q1 2022).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +1.71 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q1 2022 (a gain of 31.76 percentage points), and the weakest in fiscal Q1 2023 (a drop of 16.43 percentage points).
- Business Quant data shows INNV's Operating Margin at -11.54% (Q3 2026), 5.53% (Q2 2026) and 3.51% (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -10.07% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 15.08% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 12.10% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -38.55% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 26.67% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -19.85% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 16.29% |
| 10 | InnovAge Holding | 1.21 Bn | 723.94 Mn | 178.30 Mn | 3.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.87% |
| Mar 31, 2026 | -11.54% |
| Dec 31, 2025 | 5.53% |
| Sep 30, 2025 | 3.51% |
| Jun 30, 2025 | -0.97% |
| Mar 31, 2025 | -4.66% |
| Dec 31, 2024 | -6.01% |
| Sep 30, 2024 | -2.39% |
| Jun 30, 2024 | -2.45% |
| Mar 31, 2024 | -3.00% |
| Dec 31, 2023 | -0.94% |
| Sep 30, 2023 | -5.87% |
| Jun 30, 2023 | -6.19% |
| Mar 31, 2023 | -4.73% |
| Dec 31, 2022 | -8.17% |
| Sep 30, 2022 | -9.70% |
| Jun 30, 2022 | -7.14% |
| Mar 31, 2022 | -3.76% |
| Dec 31, 2021 | 1.68% |
| Sep 30, 2021 | 6.74% |
API Access
InnovAge 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=INNV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "INNV", "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=INNV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();