National CineMedia (NCMI) Operating Margin (2010 - 2026)

National CineMedia has disclosed Operating Margin across 17 years of filings, most recently posting 79.12% for Q2 2026.

• Operating Margin for Q2 2026 came in at 79.12%, down 1064.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 6.97% (up 176.0% YoY), and the FY2026 annual result was 5.72%, up 238.0% from the prior year.
• Operating Margin came in at 79.12% for Q2 2026 at National CineMedia, down from 25.54% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 30.64% in Q4 2022 to a low of 87.68% in Q1 2023.
• The 5-year median for Operating Margin is 17.0% (2024), against an average of 23.19%.
• Across the five-year window, Operating Margin jumped 46140 bps in 2022 and sank 4209 bps in 2023, its largest moves.
• National CineMedia's Operating Margin stood at 30.64% in 2022, then slipped by 27 bps to 22.47% in 2023, then increased by 3 bps to 23.06% in 2024, then slumped by 112 bps to 2.84% in 2025, then plunged by 2687 bps to 79.12% in 2026.
• The last three Operating Margin figures came in at 79.12% (Q2 2026), 25.54% (Q1 2026), and 2.84% (Q3 2025), per Business Quant data.