Novavax (NVAX) Operating Margin (2010 - 2026)
Novavax's Operating Margin came in at -96.84% for Q2 2026, down 139.09 percentage points from 42.25% a year earlier and down 85.78 percentage points from the prior quarter.
Powered by 
Analysis
Novavax (NVAX) Operating Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Novavax reported Operating Margin of -56.58%, down 89.16 percentage points year-over-year; for FY2025, it was 40.30%, up 76.79 percentage points from FY2024.
- Operating Margin carries a five-year change of +127.92 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -36.49% in FY2024 (+21.10 pp), -57.59% in FY2023 (-25.06 pp), -32.53% in FY2022 (+114.60 pp) and -147.13% in FY2021 (-59.51 pp).
- The five-year range for quarterly Operating Margin is -386.37% (Q1 2023) to 77.33% (Q1 2025).
- Year-over-year, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -13.15 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2022 (a gain of 303.04 percentage points), and the weakest in Q1 2023 (a drop of 416.10 percentage points).
- Business Quant data shows NVAX's Operating Margin at -11.06% (Q1 2026), 9.67% (Q4 2025) and -252.70% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,261.99 Bn | 1,235.61 Bn | 20.46 Bn | 52.42% |
| 2 | Johnson & Johnson | 678.93 Bn | 598.79 Bn | 17.30 Bn | 24.35% |
| 3 | AbbVie | 518.29 Bn | 486.30 Bn | 13.12 Bn | 36.01% |
| 4 | Merck | 365.98 Bn | 328.92 Bn | 13.19 Bn | 30.89% |
| 5 | Novartis Ag | 316.85 Bn | 290.09 Bn | - | - |
| 6 | Astrazeneca | 293.40 Bn | 267.29 Bn | 13.26 Bn | 29.12% |
| 7 | Amgen | 251.78 Bn | 203.43 Bn | 7.58 Bn | 35.79% |
| 8 | Gilead Sciences | 210.61 Bn | 185.71 Bn | 6.73 Bn | 41.71% |
| 9 | Pfizer | 166.87 Bn | 114.23 Bn | 12.56 Bn | 32.98% |
| 10 | Novavax | 1.80 Bn | -1.06 Bn | 44.81 Mn | -45.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -45.80% |
| Jun 30, 2026 | -96.84% |
| Mar 31, 2026 | -11.06% |
| Dec 31, 2025 | 9.67% |
| Sep 30, 2025 | -252.70% |
| Jun 30, 2025 | 42.25% |
| Mar 31, 2025 | 77.33% |
| Dec 31, 2024 | -148.43% |
| Sep 30, 2024 | -158.58% |
| Jun 30, 2024 | 38.75% |
| Mar 31, 2024 | -154.31% |
| Dec 31, 2023 | -63.01% |
| Sep 30, 2023 | -67.19% |
| Jun 30, 2023 | 13.07% |
| Mar 31, 2023 | -386.37% |
| Dec 31, 2022 | -68.24% |
| Sep 30, 2022 | -17.31% |
| Jun 30, 2022 | -259.76% |
| Mar 31, 2022 | 29.73% |
| Dec 31, 2021 | -371.27% |
API Access
Novavax 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=NVAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "NVAX", "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=NVAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();