Phreesia (PHR) Operating Margin (2018 - 2026)
Phreesia recorded quarterly Operating Margin of 4.37% in Q1 2026, down 240.75% quarter-over-quarter from 3.11% in Q4 2025, and up 257.0% year-over-year from 1.23% in Q1 2025.
Phreesia's Operating Margin history runs 9 years deep, the most recent figure standing at 4.37% for Q1 2026.
- In Q1 2026, Operating Margin rose 257.0% year-over-year to 4.37%; the TTM figure through Jan 2026 stood at 1.38% (up 1246.0% YoY), while the FY2026 annual figure was 1.38%, up 1246.0% from the prior year.
- Operating Margin came in at 4.37% for Q1 2026 at Phreesia, down from 3.11% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 3.11% in Q4 2025 to a low of 80.34% in Q1 2022.
- A 5-year average of 32.39% and a median of 31.13% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin tumbled 6054 bps in 2022 and surged 3465 bps in 2023, its largest moves.
- Phreesia's Operating Margin stood at 54.46% in 2022, then soared by 36 bps to 34.98% in 2023, then surged by 63 bps to 12.96% in 2024, then surged by 124 bps to 3.11% in 2025, then slumped by 241 bps to 4.37% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 4.37%, 3.11%, and 1.29% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.41% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 17.59% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 17.08% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 25.64% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -11.30% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 1.23% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 5.44% |
| 10 | Phreesia | 632.62 Mn | 558.79 Mn | 113.28 Mn | 5.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 5.15% |
| Jan 31, 2026 | -4.37% |
| Oct 31, 2025 | 3.11% |
| Jul 31, 2025 | -1.29% |
| Apr 30, 2025 | -2.84% |
| Jan 31, 2025 | -6.94% |
| Oct 31, 2024 | -12.96% |
| Jul 31, 2024 | -16.87% |
| Apr 30, 2024 | -19.19% |
| Jan 31, 2024 | -31.13% |
| Oct 31, 2023 | -34.98% |
| Jul 31, 2023 | -43.06% |
| Apr 30, 2023 | -45.20% |
| Jan 31, 2023 | -51.98% |
| Oct 31, 2022 | -54.46% |
| Jul 31, 2022 | -68.27% |
| Apr 30, 2022 | -79.86% |
| Jan 31, 2022 | -80.34% |
| Oct 31, 2021 | -63.92% |
| Jul 31, 2021 | -46.68% |
| Apr 30, 2021 | -22.06% |
| Jan 31, 2021 | -19.81% |
| Oct 31, 2020 | -15.90% |
| Jul 31, 2020 | -18.02% |
| Apr 30, 2020 | -14.87% |
| Jan 31, 2020 | -14.24% |
| Oct 31, 2019 | -6.79% |
| Jul 31, 2019 | -13.43% |
| Apr 30, 2019 | -15.03% |
| Jan 31, 2019 | -12.46% |
| Oct 31, 2018 | -12.26% |
| Jul 31, 2018 | -5.04% |