Petrobras - Petroleo Brasileiro (PBR-A) Operating Margin (2009 - 2026)
Petrobras - Petroleo Brasileiro's (PBR-A) quarterly Operating Margin came in at 33.28% in Q1 2026, down 125.0% year-on-year from 133.1% in Q1 2025, and down 27.54% quarter-over-quarter from 45.93% in Q4 2025.
Petrobras - Petroleo Brasileiro (PBR-A) Operating Margin (2009 - 2026) Analysis & Trends
Petrobras - Petroleo Brasileiro has disclosed Operating Margin across 18 years of filings, most recently posting 33.28% for Q1 2026.
- Operating Margin for Q1 2026 came in at 33.28%, down 125.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 34.91% (up 654.0% YoY), and the FY2025 annual result was 29.28%, down 12.0% from the prior year.
- Operating Margin came in at 33.28% for Q1 2026 at Petrobras - Petroleo Brasileiro, down from 45.93% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 56.36% in Q2 2022 to a low of 13.39% in Q4 2024.
- The 5-year median for Operating Margin is 36.85% (2022), against an average of 36.45%.
- Across the five-year window, Operating Margin plunged 1946 bps in 2023 and surged 3254 bps in 2025, its largest moves.
- Petrobras - Petroleo Brasileiro's Operating Margin stood at 36.85% in 2022, then dropped by 20 bps to 29.59% in 2023, then sank by 55 bps to 13.39% in 2024, then soared by 243 bps to 45.93% in 2025, then declined by 28 bps to 33.28% in 2026.
- The last three Operating Margin figures came in at 33.28% (Q1 2026), 45.93% (Q4 2025), and 33.97% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | 33.28% |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | - |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 59.15% |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 26.06% |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 22.47% |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 3.57% |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 16.24% |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 54.87% |
| 10 | Petrobras - Petroleo Brasileiro | - | - | 11.34 Bn | 33.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.28% |
| Dec 31, 2025 | 45.93% |
| Sep 30, 2025 | 33.97% |
| Jun 30, 2025 | 25.43% |
| Mar 31, 2025 | 34.53% |
| Dec 31, 2024 | 13.39% |
| Sep 30, 2024 | 35.95% |
| Jun 30, 2024 | 28.57% |
| Mar 31, 2024 | 37.80% |
| Dec 31, 2023 | 29.59% |
| Sep 30, 2023 | 39.06% |
| Jun 30, 2023 | 36.89% |
| Mar 31, 2023 | 43.15% |
| Dec 31, 2022 | 36.85% |
| Sep 30, 2022 | 43.72% |
| Jun 30, 2022 | 56.36% |
| Mar 31, 2022 | 45.12% |
| Dec 31, 2021 | 42.95% |
| Sep 30, 2021 | 20.68% |
| Jun 30, 2021 | 42.39% |