InnovAge Holding (INNV) Operating Margin (2020 - 2026)
InnovAge Holding's Operating Margin came in at 7.61% for fiscal Q1 2027 (quarter ended Sep 30, 2026), up 4.10 percentage points from 3.51% a year earlier and up 3.74 percentage points from the prior quarter.
InnovAge Holding (INNV) Operating Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, InnovAge Holding reported Operating Margin of 1.42%, up 3.30 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it 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 fiscal Q1 2027 figure represents the highest quarterly Operating Margin since fiscal Q2 2021.
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +1.78 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q2 2026 (a gain of 11.54 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 3.87% (Q4 2026), -11.54% (Q3 2026) and 5.53% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 15.00% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -8.60% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 10.55% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 15.47% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | -36.78% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 3.81% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -13.82% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 13.86% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 13.95% |
| 10 | InnovAge Holding | 1.28 Bn | 741.03 Mn | 179.26 Mn | 7.61% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.61% |
| 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% |
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();