iPower (IPW) Operating Margin (2020 - 2026)
iPower (IPW) reported Operating Margin of 32.71% for Q1 2026, down 3062.0% on a YoY basis from 1.1% in Q1 2025, and up 4.3% quarter-over-quarter from 34.18% in Q4 2025.
iPower (IPW) Operating Margin (2020 - 2026) Analysis & Trends
iPower has reported Operating Margin for 7 years, with the latest figure at 32.71% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 3062.0% year-over-year to 32.71%; the trailing twelve-month figure through Mar 2026 stood at 23.01% (down 2146.0% YoY), and the FY2025 full-year result was 8.87%, down 775.0% from the prior year.
- Operating Margin for Q1 2026 stood at 32.71%, up from 34.18% in the prior quarter.
- The five-year high for Operating Margin was 6.87% in Q1 2024, with the low at 34.18% in Q4 2025.
- Historically, Operating Margin has averaged 12.25% across 5 years, with a median of 14.11% in 2025.
- Annual changes were most pronounced in 2024 — Operating Margin surged 1927 bps — and 2025, when it slumped 3776 bps.
- iPower's Operating Margin stood at 21.2% in 2022, then increased by 28 bps to 15.19% in 2023, then soared by 124 bps to 3.58% in 2024, then plunged by 1054 bps to 34.18% in 2025, then advanced by 4 bps to 32.71% in 2026.
- The last three Operating Margin figures came in at 32.71% (Q1 2026), 34.18% (Q4 2025), and 14.11% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 13.14% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 6.91% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 3.74% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 22.37% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -2.85% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -1.06% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -0.38% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 17.86% |
| 10 | iPower | 3.59 Mn | 2.83 Mn | 755,549.00 | -32.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -32.71% |
| Dec 31, 2025 | -34.18% |
| Sep 30, 2025 | -14.11% |
| Jun 30, 2025 | -22.53% |
| Mar 31, 2025 | -2.09% |
| Dec 31, 2024 | 3.58% |
| Sep 30, 2024 | -14.45% |
| Jun 30, 2024 | 6.46% |
| Mar 31, 2024 | 6.87% |
| Dec 31, 2023 | -15.19% |
| Sep 30, 2023 | -4.79% |
| Jun 30, 2023 | -12.81% |
| Mar 31, 2023 | -8.95% |
| Dec 31, 2022 | -21.20% |
| Sep 30, 2022 | -17.65% |
| Dec 31, 2021 | 6.63% |
| Sep 30, 2021 | 7.43% |
| Jun 30, 2021 | 1.65% |
| Mar 31, 2021 | 6.01% |
| Dec 31, 2020 | 7.58% |