Innodata (INOD) Operating Margin (2010 - 2026)
Innodata (INOD) posted Operating Margin of 17.21% for Q2 2026, down 8.24% on a QoQ basis from 18.76% in Q1 2026, and up 195.0% year-over-year from 5.83% in Q2 2025.
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Innodata (INOD) Operating Margin (2010 - 2026) Analysis & Trends
Innodata has reported Operating Margin for 17 years, with the latest figure at 17.21% in Q2 2026.
- On a quarterly basis, Operating Margin rose 195.0% year-over-year to 17.21% in Q2 2026; TTM through Jun 2026 was 17.48%, a 1.0% increase from a year earlier, with the FY2025 full-year figure at 15.84%, up 157.0% from the prior year.
- Operating Margin was 17.21% for Q2 2026 at Innodata, down from 18.76% in the prior quarter.
- The five-year high for Operating Margin was 21.87% in Q3 2024, with the low at 83.74% in Q3 2022.
- Average Operating Margin over 5 years is 23.77%, with a median of 3.02% recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Margin plunged 1943 bps in 2022, then jumped 8341 bps in 2024.
- Over 5 years, Operating Margin stood at 74.67% in 2022, then rose by 28 bps to 53.78% in 2023, then soared by 135 bps to 19.02% in 2024, then decreased by 21 bps to 15.1% in 2025, then gained by 14 bps to 17.21% in 2026.
- The last three Operating Margin figures came in at 17.21% (Q2 2026), 18.76% (Q1 2026), and 15.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 21.09% |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 15.95% |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | - |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 10.76% |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 8.09% |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 14.68% |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 4.04% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 0.00% |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | -71.59% |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 17.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.21% |
| Mar 31, 2026 | 18.76% |
| Dec 31, 2025 | 15.10% |
| Sep 30, 2025 | 18.80% |
| Jun 30, 2025 | 15.26% |
| Mar 31, 2025 | 14.18% |
| Dec 31, 2024 | 19.02% |
| Sep 30, 2024 | 21.87% |
| Jun 30, 2024 | 1.02% |
| Mar 31, 2024 | 5.02% |
| Dec 31, 2023 | -53.78% |
| Sep 30, 2023 | -59.49% |
| Jun 30, 2023 | -67.88% |
| Mar 31, 2023 | -78.40% |
| Dec 31, 2022 | -74.67% |
| Sep 30, 2022 | -83.74% |
| Jun 30, 2022 | -81.42% |
| Mar 31, 2022 | -74.69% |
| Dec 31, 2021 | -68.96% |
| Sep 30, 2021 | -64.31% |