Murphy USA (MUSA) Operating Margin (2012 - 2026)

Murphy USA has disclosed Operating Margin across 15 years of filings, most recently posting 4.26% for Q1 2026.

• Operating Margin for Q1 2026 came in at 4.26%, up 231.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.25% (up 60.0% YoY), and the FY2025 annual result was 3.71%, up 4.0% from the prior year.
• Operating Margin came in at 4.26% for Q1 2026 at Murphy USA, down from 4.42% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 5.03% in Q3 2022 to a low of 1.94% in Q1 2025.
• The 5-year median for Operating Margin is 4.22% (2024), against an average of 3.84%.
• Across the five-year window, Operating Margin slumped 111 bps in 2023 and surged 231 bps in 2026, its largest moves.
• Murphy USA's Operating Margin stood at 3.23% in 2022, then soared by 33 bps to 4.28% in 2023, then dropped by 1 bps to 4.22% in 2024, then advanced by 5 bps to 4.42% in 2025, then decreased by 4 bps to 4.26% in 2026.
• The last three Operating Margin figures came in at 4.26% (Q1 2026), 4.42% (Q4 2025), and 3.95% (Q3 2025), per Business Quant data.