Johnson & Johnson (JNJ) Operating Margin (2009 - 2026)
Johnson & Johnson (JNJ) recorded Operating Margin of 28.21% in Q2 2026, up 0.22 percentage points from 27.99% a year earlier and up 1.77 percentage points from the prior quarter.
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Analysis
Johnson & Johnson (JNJ) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Johnson & Johnson's Operating Margin came in at 26.59% as of Jun 28, 2026, up 2.91 percentage points year-over-year; for FY2025, it was 26.93%, up 3.27 percentage points from FY2024.
- Annual Operating Margin has a four-year change of +3.12 percentage points (FY2021 to FY2025).
- Across earlier years, Operating Margin came in at 23.66% in FY2024 (-1.61 pp), 25.27% in FY2023 (-0.66 pp), 25.93% in FY2022 and 23.81% in FY2021.
- Quarterly Operating Margin has ranged from 15.98% in Q4 2024 to 34.44% in Q4 2022 over the past five years.
- On a year-over-year basis, Operating Margin rose in four of the last eight quarters, with an average year-over-year change of +0.40 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 6.90 percentage points in Q3 2025, against a drop of 14.57 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 26.44% (Q1 2026), 22.42% (Q4 2025) and 29.31% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,082.65 Bn | 1,051.23 Bn | 19.71 Bn | 51.16% |
| 2 | Johnson & Johnson | 623.68 Bn | 542.21 Bn | 17.26 Bn | 28.21% |
| 3 | AbbVie | 459.43 Bn | 432.59 Bn | 12.70 Bn | 37.86% |
| 4 | Merck | 354.80 Bn | 309.23 Bn | 12.21 Bn | -3.52% |
| 5 | Novartis Ag | 269.16 Bn | 225.03 Bn | 11.24 Bn | 32.97% |
| 6 | Astrazeneca | 244.40 Bn | 217.97 Bn | 12.86 Bn | 20.57% |
| 7 | Amgen | 220.17 Bn | 175.57 Bn | 7.24 Bn | 34.95% |
| 8 | Gilead Sciences | 183.05 Bn | 157.16 Bn | 6.22 Bn | -133.21% |
| 9 | Pfizer | 160.27 Bn | 107.22 Bn | 10.94 Bn | 28.37% |
| 10 | Vertex Pharmaceuticals | 128.38 Bn | 100.39 Bn | 2.84 Bn | 37.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 28.21% |
| Mar 29, 2026 | 26.44% |
| Dec 28, 2025 | 22.42% |
| Sep 28, 2025 | 29.31% |
| Jun 29, 2025 | 27.99% |
| Mar 30, 2025 | 28.24% |
| Dec 29, 2024 | 15.98% |
| Sep 29, 2024 | 22.42% |
| Jun 30, 2024 | 28.82% |
| Mar 31, 2024 | 27.63% |
| Dec 31, 2023 | 19.87% |
| Oct 1, 2023 | 26.88% |
| Jul 2, 2023 | 27.01% |
| Apr 2, 2023 | 27.36% |
| Jan 1, 2023 | 34.44% |
| Oct 2, 2022 | 26.50% |
| Jul 3, 2022 | 19.19% |
| Apr 3, 2022 | 21.94% |
| Oct 3, 2021 | 28.31% |
| Jul 4, 2021 | 26.60% |
API Access
Johnson & Johnson 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=JNJ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "JNJ", "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=JNJ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();