Pan American Silver (PAASF) Operating Margin (2009 - 2026)

Pan American Silver's Operating Margin history runs 18 years deep, the most recent figure standing at 55.72% for Q1 2026.

• In Q1 2026, Operating Margin rose 2609.0% year-over-year to 55.72%; the TTM figure through Mar 2026 stood at 41.22% (up 1697.0% YoY), while the FY2025 annual figure was 34.07%, up 1523.0% from the prior year.
• Operating Margin was 55.72% for Q1 2026 at Pan American Silver, up from 43.43% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 55.72% in Q1 2026 to a low of 9908.34% in Q4 2022.
• Historically, Operating Margin has averaged 790.91% across 5 years, with a median of 13.03% in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 992083 bps in 2022, then surged 990434 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 9908.34% in 2022, then surged by 100 bps to 4.0% in 2023, then jumped by 882 bps to 31.29% in 2024, then surged by 39 bps to 43.43% in 2025, then climbed by 28 bps to 55.72% in 2026.
• The last three Operating Margin figures came in at 55.72% (Q1 2026), 43.43% (Q4 2025), and 29.22% (Q3 2025), per Business Quant data.