Petrobras - Petroleo Brasileiro (PBR) Operating Margin (2009 - 2026)

Petrobras - Petroleo Brasileiro's (PBR) 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) 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 Imperial Oil 42.92 Bn 42.17 Bn - -

Historic Data

Download Data
DateValue
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%