IonQ (IONQ) Operating Margin (2021 - 2026)
IonQ's Operating Margin was -421.29% in Q2 2026, up 354.74 percentage points from -776.03% a year earlier but down 1.44 percentage points from the prior quarter.
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Analysis
IonQ (IONQ) Operating Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, IonQ's Operating Margin was -408.24% through Jun 30, 2026, up 292.37 percentage points year-over-year; for FY2025, it came in at -487.41%, up 52.26 percentage points from FY2024.
- Operating Margin has now increased for four consecutive years, with a four-year change of +1355.70 percentage points (FY2021 to FY2025).
- In earlier years, Operating Margin was -539.68% in FY2024 (+176.02 pp), -715.70% in FY2023 (+54.64 pp), -770.34% in FY2022 (+1072.78 pp) and -1843.12% in FY2021.
- Quarterly Operating Margin has moved between -4516.74% (Q3 2021) and -369.42% (Q4 2025) over five years.
- Compared with a year earlier, Operating Margin has increased for four straight quarters, with an average year-over-year change of +134.10 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q2 2022 (a gain of 10014.02 percentage points); the worst was Q2 2025 (a drop of 346.01 percentage points).
- Per Business Quant data, IONQ's Operating Margin in the three quarters before Q2 2026 was -419.85% (Q1 2026), -369.42% (Q4 2025) and -423.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 5.04% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 33.66% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | -17.00% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 0.49% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 5.17% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 13.29% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 9.66% |
| 10 | IonQ | 16.98 Bn | 9.36 Bn | 19.94 Mn | -421.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -421.29% |
| Mar 31, 2026 | -419.85% |
| Dec 31, 2025 | -369.42% |
| Sep 30, 2025 | -423.45% |
| Jun 30, 2025 | -776.03% |
| Mar 31, 2025 | -1,000.25% |
| Dec 31, 2024 | -661.85% |
| Sep 30, 2024 | -428.51% |
| Jun 30, 2024 | -430.02% |
| Mar 31, 2024 | -697.39% |
| Dec 31, 2023 | -891.71% |
| Sep 30, 2023 | -687.65% |
| Jun 30, 2023 | -599.98% |
| Mar 31, 2023 | -653.98% |
| Dec 31, 2022 | -620.57% |
| Sep 30, 2022 | -901.59% |
| Jun 30, 2022 | -725.77% |
| Mar 31, 2022 | -936.20% |
| Dec 31, 2021 | -657.58% |
| Sep 30, 2021 | -4,516.74% |
API Access
IonQ 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=IONQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IONQ", "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=IONQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();