Johnson & Johnson (JNJ) Operating Margin (2009 - 2026)
Johnson & Johnson (JNJ) recorded Operating Margin of 24.35% in Q3 2026, down 4.97 percentage points from 29.31% a year earlier and down 3.86 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 25.36% as of Sep 27, 2026, down 0.10 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 +0.33 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 28.21% (Q2 2026), 26.44% (Q1 2026) and 22.42% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,359.75 Bn | 1,333.37 Bn | 20.46 Bn | 34.46% |
| 2 | Johnson & Johnson | 688.76 Bn | 608.62 Bn | 17.30 Bn | 24.35% |
| 3 | AbbVie | 521.69 Bn | 489.75 Bn | 13.12 Bn | 36.01% |
| 4 | Merck | 364.31 Bn | 327.31 Bn | 13.19 Bn | 30.74% |
| 5 | Novartis Ag | 306.35 Bn | 279.93 Bn | - | - |
| 6 | Astrazeneca | 285.96 Bn | 259.56 Bn | 13.26 Bn | 29.12% |
| 7 | Amgen | 251.88 Bn | 203.53 Bn | 7.58 Bn | 35.79% |
| 8 | Gilead Sciences | 208.59 Bn | 183.61 Bn | 6.73 Bn | 41.71% |
| 9 | Pfizer | 164.73 Bn | 112.38 Bn | 12.56 Bn | 32.98% |
| 10 | Vertex Pharmaceuticals | 136.55 Bn | 104.28 Bn | 2.91 Bn | 20.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 24.35% |
| 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% |
| Dec 31, 2022 | 21.84% |
| Oct 2, 2022 | 26.50% |
| Jul 3, 2022 | 19.19% |
| Apr 3, 2022 | 21.94% |
| Dec 31, 2021 | 26.33% |
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();