Oscar Health (OSCR) Operating Margin (2020 - 2026)
Oscar Health (OSCR) posted Operating Margin of 7.96% for Q2 2026, up 16.01 percentage points from -8.05% a year earlier but down 7.19 percentage points from the prior quarter.
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Analysis
Oscar Health (OSCR) Operating Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Oscar Health was 4.11%, up 5.32 percentage points year-over-year; for FY2025, it was -3.39%, down 4.01 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +83.53 percentage points (FY2020 to FY2025).
- In prior years, Oscar Health's Operating Margin was 0.62% in FY2024 (+4.64 pp), -4.02% in FY2023 (+10.86 pp), -14.88% in FY2022 (+14.73 pp) and -29.61% in FY2021 (+57.31 pp).
- Quarterly Operating Margin has run from a low of -47.68% in Q3 2021 to a high of 15.15% in Q1 2026 over five years.
- On a year-over-year basis, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +1.17 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2021, with a gain of 78.93 percentage points; the weakest was Q2 2025, with a drop of 11.10 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 15.15% (Q1 2026), -11.90% (Q4 2025) and -4.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 7.13% |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 4.43% |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 1.25% |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | -69.51% |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 3.73% |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 1.32% |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 1.14% |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 3.33% |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 2.24% |
| 10 | Oscar Health | 8.11 Bn | -14.27 Bn | 1.09 Bn | 7.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.96% |
| Mar 31, 2026 | 15.15% |
| Dec 31, 2025 | -11.90% |
| Sep 30, 2025 | -4.33% |
| Jun 30, 2025 | -8.05% |
| Mar 31, 2025 | 9.75% |
| Dec 31, 2024 | -6.17% |
| Sep 30, 2024 | -2.00% |
| Jun 30, 2024 | 3.06% |
| Mar 31, 2024 | 8.66% |
| Dec 31, 2023 | -10.16% |
| Sep 30, 2023 | -4.04% |
| Jun 30, 2023 | -0.43% |
| Mar 31, 2023 | -1.73% |
| Dec 31, 2022 | -22.36% |
| Sep 30, 2022 | -19.66% |
| Jun 30, 2022 | -10.47% |
| Mar 31, 2022 | -7.04% |
| Dec 31, 2021 | -39.56% |
| Sep 30, 2021 | -47.68% |
API Access
Oscar Health 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=OSCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "OSCR", "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=OSCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();