Medpace Holdings (MEDP) Operating Margin (2015 - 2026)
Medpace Holdings (MEDP) reported Operating Margin of 20.03% for Q1 2026, down 30.0% on a YoY basis from 28.61% in Q1 2025, and down 7.44% quarter-over-quarter from 21.63% in Q4 2025.
Medpace Holdings (MEDP) Operating Margin (2015 - 2026) Analysis & Trends
Medpace Holdings has reported Operating Margin for 12 years, with the latest figure at 20.03% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 30.0% year-over-year to 20.03%; the trailing twelve-month figure through Mar 2026 stood at 21.02% (down 14.0% YoY), and the FY2025 full-year result was 21.14%, down 5.0% from the prior year.
- Operating Margin for Q1 2026 stood at 20.03%, down from 21.63% in the prior quarter.
- The five-year high for Operating Margin was 23.37% in Q4 2024, with the low at 17.01% in Q2 2023.
- Historically, Operating Margin has averaged 19.82% across 5 years, with a median of 20.03% in 2026.
- Annual changes were most pronounced in 2023 — Operating Margin sank 304 bps — and 2024, when it soared 585 bps.
- Medpace Holdings' Operating Margin stood at 19.39% in 2022, then decreased by 10 bps to 17.52% in 2023, then jumped by 33 bps to 23.37% in 2024, then declined by 7 bps to 21.63% in 2025, then retreated by 7 bps to 20.03% in 2026.
- The last three Operating Margin figures came in at 20.03% (Q1 2026), 21.63% (Q4 2025), and 21.49% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -3.71% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 16.93% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 22.58% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 31.78% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 21.74% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 12.38% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -13.42% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 19.16% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 25.23% |
| 10 | Medpace Holdings | 13.03 Bn | 12.38 Bn | 196.33 Mn | 20.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.03% |
| Dec 31, 2025 | 21.63% |
| Sep 30, 2025 | 21.49% |
| Jun 30, 2025 | 20.94% |
| Mar 31, 2025 | 20.32% |
| Dec 31, 2024 | 23.37% |
| Sep 30, 2024 | 21.05% |
| Jun 30, 2024 | 19.91% |
| Mar 31, 2024 | 20.36% |
| Dec 31, 2023 | 17.52% |
| Sep 30, 2023 | 17.24% |
| Jun 30, 2023 | 17.01% |
| Mar 31, 2023 | 19.86% |
| Dec 31, 2022 | 19.39% |
| Sep 30, 2022 | 20.28% |
| Jun 30, 2022 | 17.15% |
| Mar 31, 2022 | 19.40% |
| Dec 31, 2021 | 17.78% |
| Sep 30, 2021 | 18.17% |
| Jun 30, 2021 | 15.25% |