On Holding AG (ONON) Operating Margin (2020 - 2026)

On Holding AG's Operating Margin history runs 7 years deep, the most recent figure standing at 14.11% for Q1 2026.

• In Q1 2026, Operating Margin rose 351.0% year-over-year to 14.11%; the TTM figure through Mar 2026 stood at 13.39% (up 353.0% YoY), while the FY2025 annual figure was 12.51%, up 338.0% from the prior year.
• Operating Margin was 14.11% for Q1 2026 at On Holding AG, up from 11.09% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 15.7% in Q3 2025 to a low of 1.44% in Q1 2022.
• Historically, Operating Margin has averaged 9.82% across 5 years, with a median of 10.07% in 2023.
• Biggest YoY gain for Operating Margin was 9689 bps in 2022; the steepest drop was 434 bps in 2022.
• A 5-year view of Operating Margin shows it stood at 4.01% in 2022, then surged by 128 bps to 9.13% in 2023, then declined by 4 bps to 8.75% in 2024, then gained by 27 bps to 11.09% in 2025, then rose by 27 bps to 14.11% in 2026.
• The last three Operating Margin figures came in at 14.11% (Q1 2026), 11.09% (Q4 2025), and 15.7% (Q3 2025), per Business Quant data.