Netskope (NTSK) Operating Margin (2024 - 2026)
Netskope's Operating Margin was -40.72% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 13.80 percentage points from -26.92% a year earlier but up 13.22 percentage points from the prior quarter.
Netskope (NTSK) Operating Margin (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Netskope's Operating Margin was -94.66% through Jul 31, 2026, down 64.39 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at -92.04%, down 44.53 percentage points from FY2025.
- In earlier fiscal years, Operating Margin was -47.51% in FY2025 (+29.36 pp) and -76.88% in FY2024.
- Quarterly Operating Margin has moved between -242.69% (fiscal Q3 2026) and -26.92% (fiscal Q2 2026) over five years.
- Compared with a year earlier, Operating Margin has declined for four straight quarters, with an average year-over-year change of -68.32 percentage points over the last four quarters.
- Per Business Quant data, NTSK's Operating Margin in the three fiscal quarters before Q2 2027 was -53.94% (Q1 2027), -58.21% (Q4 2026) and -242.69% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 5.04% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 33.66% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | -17.00% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 0.49% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 5.17% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 13.29% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 9.66% |
| 10 | Netskope | 7.28 Bn | 2.80 Bn | 163.02 Mn | -40.72% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -40.72% |
| Apr 30, 2026 | -53.94% |
| Jan 31, 2026 | -58.21% |
| Oct 31, 2025 | -242.69% |
| Jul 31, 2025 | -26.92% |
| Apr 30, 2025 | -28.76% |
| Jan 31, 2025 | -27.73% |
| Oct 31, 2024 | -38.86% |
Netskope Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=NTSK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "NTSK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=NTSK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();