Iren (IREN) Operating Margin (2021 - 2026)
Iren's Operating Margin was -81.58% in fiscal Q1 2027 (quarter ended Sep 30, 2026), down 49.91 percentage points from -31.67% a year earlier but up 370.51 percentage points from the prior quarter.
Iren (IREN) Operating Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Iren's Operating Margin was -166.44% through Sep 30, 2026, down 164.76 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it was -148.05%, down 151.51 percentage points from FY2025.
- Operating Margin shows a five-year change of -141.41 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Operating Margin was 3.46% in FY2025 (+18.01 pp), -14.55% in FY2024 (+193.69 pp), -208.24% in FY2023 (-208.76 pp) and 0.52% in FY2022 (+7.15 pp).
- Quarterly Operating Margin has moved between -930.91% (fiscal Q2 2023) and 27.60% (fiscal Q2 2022) over five years.
- Compared with a year earlier, Operating Margin has declined for four straight quarters, with an average year-over-year change of -79.04 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q2 2024 (a gain of 925.70 percentage points); the worst was fiscal Q2 2023 (a drop of 958.51 percentage points).
- Per Business Quant data, IREN's Operating Margin in the three fiscal quarters before Q1 2027 was -452.09% (Q4 2026), -161.28% (Q3 2026) and -63.03% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.14 Bn | 22.87 Bn | 3.24 Bn | 6.38% |
| 2 | PayPal Holdings | 49.62 Bn | 8.32 Bn | - | 16.33% |
| 3 | Fiserv | 33.93 Bn | 31.16 Bn | 2.76 Bn | -105.74% |
| 4 | Coinbase Global | 33.79 Bn | -5.85 Bn | - | 5.07% |
| 5 | Corpay | 29.77 Bn | 18.90 Bn | - | 44.96% |
| 6 | Global Payments | 24.30 Bn | -237.28 Mn | 2.01 Bn | 7.45% |
| 7 | Iren | 14.79 Bn | -105.20 Mn | 182.00 Mn | -81.58% |
| 8 | Guidewire Software | 12.98 Bn | 9.54 Bn | 269.68 Mn | 15.16% |
| 9 | Chime Financial | 12.86 Bn | 8.55 Bn | 646.07 Mn | 4.78% |
| 10 | Jack Henry & Associates | 12.37 Bn | 12.28 Bn | 325.50 Mn | 29.52% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -81.58% |
| Jun 30, 2026 | -452.09% |
| Mar 31, 2026 | -161.28% |
| Dec 31, 2025 | -63.03% |
| Sep 30, 2025 | -31.67% |
| Jun 30, 2025 | 9.55% |
| Mar 31, 2025 | 20.17% |
| Dec 31, 2024 | 14.90% |
| Sep 30, 2024 | -89.24% |
| Jun 30, 2024 | -42.28% |
| Mar 31, 2024 | 11.08% |
| Dec 31, 2023 | -5.22% |
| Sep 30, 2023 | -21.57% |
| Jun 30, 2023 | -46.81% |
| Mar 31, 2023 | -31.88% |
| Dec 31, 2022 | -930.91% |
| Jun 30, 2022 | -56.84% |
| Mar 31, 2022 | -14.22% |
| Dec 31, 2021 | 27.60% |
Iren 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=IREN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IREN", "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=IREN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();