Keel Infrastructure (KEEL) Operating Margin (2020 - 2026)
Keel Infrastructure's Operating Margin was -462.62% in Q2 2026, down 480.36 percentage points from 17.75% a year earlier and down 196.64 percentage points from the prior quarter.
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Analysis
Keel Infrastructure (KEEL) Operating Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Keel Infrastructure's Operating Margin was -193.75% through Jun 30, 2026, down 163.17 percentage points year-over-year; for FY2025, it was -65.25%, down 44.23 percentage points from FY2024.
- Operating Margin shows a five-year change of -45.85 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was -21.02% in FY2024 (+20.51 pp), -41.53% in FY2023 (+157.89 pp), -199.41% in FY2022 (-236.96 pp) and 37.55% in FY2021 (+56.94 pp).
- The Q2 2026 figure marks the lowest quarterly Operating Margin in data going back to Q2 2020.
- Compared with a year earlier, Operating Margin was higher in two of the last six quarters, with an average year-over-year change of -92.38 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q2 2023 (a gain of 343.00 percentage points); the worst was Q2 2026 (a drop of 480.36 percentage points).
- Per Business Quant data, KEEL's Operating Margin in the three quarters before Q2 2026 was -265.97% (Q1 2026), -202.64% (Q4 2025) and -27.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.49 Bn | 7.72 Bn | - | 16.44% |
| 2 | Block | 46.34 Bn | 17.64 Bn | 3.17 Bn | 6.75% |
| 3 | Coinbase Global | 44.39 Bn | 1.20 Bn | - | -9.30% |
| 4 | Corpay | 26.40 Bn | 16.28 Bn | - | 35.28% |
| 5 | Fiserv | 25.40 Bn | 22.08 Bn | 2.90 Bn | 19.18% |
| 6 | Global Payments | 22.86 Bn | 652.84 Mn | 2.03 Bn | 10.15% |
| 7 | Guidewire Software | 14.45 Bn | 11.02 Bn | 269.68 Mn | 15.16% |
| 8 | Bitmine Immersion Technologies | 11.93 Bn | 9.31 Bn | 40.81 Mn | -25.50% |
| 9 | Chime Financial | 11.25 Bn | 7.04 Bn | 594.87 Mn | 3.18% |
| 10 | Keel Infrastructure | 1.43 Bn | 1.43 Bn | -86.75 Mn | -462.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -462.62% |
| Mar 31, 2026 | -265.97% |
| Dec 31, 2025 | -202.64% |
| Sep 30, 2025 | -27.17% |
| Jun 30, 2025 | 17.75% |
| Mar 31, 2025 | -73.12% |
| Dec 31, 2024 | -29.17% |
| Sep 30, 2024 | -102.04% |
| Jun 30, 2024 | -68.55% |
| Mar 31, 2024 | -47.12% |
| Dec 31, 2023 | -27.54% |
| Sep 30, 2023 | -53.87% |
| Jun 30, 2023 | -70.94% |
| Mar 31, 2023 | -49.91% |
| Dec 31, 2022 | -74.05% |
| Sep 30, 2022 | -294.11% |
| Jun 30, 2022 | -413.94% |
| Mar 31, 2022 | 17.04% |
| Dec 31, 2021 | 25.18% |
| Sep 30, 2021 | 76.14% |
API Access
Keel Infrastructure 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=KEEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "KEEL", "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=KEEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();