Opera (OPRA) Operating Margin (2016 - 2026)

Opera (OPRA) posted Operating Margin of 16.93% for Q1 2026, up 5.24% sequentially from 16.09% in Q4 2025, and up 217.0% YoY from 5.34% in Q1 2025.

Analysis

Opera (OPRA) Operating Margin (2016 - 2026) Analysis & Trends

Opera has reported Operating Margin for 10 years, with the latest figure at 16.93% in Q1 2026.

Quarterly Operating Margin rose 217.0% year-over-year to 16.93% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.24% (down 274.0% YoY) and the FY2025 annual result came in at 14.65%, down 455.0% from the prior year.
Operating Margin rose to 16.93% in Q1 2026 per OPRA's latest filing, from 16.09% in the prior quarter.
Over five years, Operating Margin peaked at 20.0% in Q2 2024 and troughed at 1.87% in Q1 2022.
A 5-year average of 15.45% and a median of 16.03% in 2023 frame the typical range for Operating Margin.
The sharpest annual moves came in 2022 and 2025: Operating Margin soared 2760 bps in 2022, then tumbled 733 bps in 2025.
Over 5 years, Operating Margin stood at 12.3% in 2022, then jumped by 46 bps to 17.99% in 2023, then advanced by 5 bps to 18.9% in 2024, then dropped by 15 bps to 16.09% in 2025, then climbed by 5 bps to 16.93% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 16.93%, 16.09%, and 14.73% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Alphabet	4,083.83 Bn	3,654.79 Bn	73.85 Bn	34.03%
2	Meta Platforms	1,456.07 Bn	1,365.81 Bn	49.47 Bn	30.88%
3	Spotify Technology	111.71 Bn	104.79 Bn	1.86 Bn	21.88%
4	Nebius	50.03 Bn	40.93 Bn	448.70 Mn	-30.21%
5	Reddit	28.44 Bn	25.65 Bn	734.60 Mn	28.79%
6	Bilibili	13.59 Bn	11.45 Bn	433.97 Mn	4.70%
7	Tencent Music Entertainment	12.71 Bn	9.21 Bn	582.00 Mn	-
8	Pinterest	12.21 Bn	10.93 Bn	922.30 Mn	-4.68%
9	Match	9.45 Bn	8.86 Bn	648.84 Mn	28.77%
10	Opera	1.72 Bn	1.58 Bn	15,000.00	14.55%

Historic Data

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