Navan (NAVN) Operating Margin (2024 - 2026)

Navan's Operating Margin history runs 3 years deep, the most recent figure standing at 50.3% for Q1 2026.

• In Q1 2026, Operating Margin fell 2544.0% year-over-year to 50.3%; the TTM figure through Jan 2026 stood at 33.69% (changed N/A YoY), while the FY2026 annual figure was 28.03%, down 798.0% from the prior year.
• Operating Margin came in at 50.3% for Q1 2026 at Navan, down from 40.65% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 12.88% in Q4 2024 to a low of 50.3% in Q1 2026.
• A 3-year average of 32.17% and a median of 32.75% in 2025 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin slumped 2777 bps in 2025 and plunged 2544 bps in 2026, its largest moves.
• Navan's Operating Margin stood at 12.88% in 2024, then plunged by 216 bps to 40.65% in 2025, then decreased by 24 bps to 50.3% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 50.3%, 40.65%, and 24.86% for Q1 2026, Q4 2025, and Q1 2025 respectively.

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