Netcapital (NCPL) Operating Margin (2013 - 2026)

Netcapital has disclosed Operating Margin across 14 years of filings, most recently posting 2304.61% for Q1 2026.

• Operating Margin for Q1 2026 came in at 2304.61%, down 119925.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 1284.97% (down 30802.0% YoY), and the FY2025 annual result was 957.07%, down 88754.0% from the prior year.
• Operating Margin came in at 2304.61% for Q1 2026 at Netcapital, up from 4149.61% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 43.66% in Q2 2023 to a low of 4149.61% in Q4 2025.
• The 5-year median for Operating Margin is 115.57% (2024), against an average of 783.37%.
• Across the five-year window, Operating Margin soared 17262 bps in 2022 and sank 285808 bps in 2025, its largest moves.
• Netcapital's Operating Margin stood at 18.84% in 2022, then sank by 86 bps to 2.56% in 2023, then plunged by 50596 bps to 1291.54% in 2024, then plunged by 221 bps to 4149.61% in 2025, then jumped by 44 bps to 2304.61% in 2026.
• The last three Operating Margin figures came in at 2304.61% (Q1 2026), 4149.61% (Q4 2025), and 1728.76% (Q3 2025), per Business Quant data.