Pinterest (PINS) Operating Margin (2018 - 2026)
Pinterest's Operating Margin came in at -4.68% for Q2 2026, down 4.25 percentage points from -0.43% a year earlier but up 3.29 percentage points from the prior quarter.
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Analysis
Pinterest (PINS) Operating Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Pinterest reported Operating Margin of 4.92%, down 0.61 percentage points year-over-year; for FY2025, it was 7.58%, up 2.65 percentage points from FY2024.
- Operating Margin carries a five-year change of +16.00 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 4.93% in FY2024 (+9.05 pp), -4.11% in FY2023 (-0.49 pp), -3.63% in FY2022 (-16.28 pp) and 12.65% in FY2021 (+21.07 pp).
- The five-year range for quarterly Operating Margin is -40.44% (Q1 2023) to 22.83% (Q4 2025).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +0.78 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2021 (a gain of 37.48 percentage points), and the weakest in Q1 2023 (a drop of 39.80 percentage points).
- Business Quant data shows PINS's Operating Margin at -7.97% (Q1 2026), 22.83% (Q4 2025) and 5.58% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 34.00% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 13.71% |
| 10 | 12.58 Bn | 4.86 Bn | 922.30 Mn | -4.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.68% |
| Mar 31, 2026 | -7.97% |
| Dec 31, 2025 | 22.83% |
| Sep 30, 2025 | 5.58% |
| Jun 30, 2025 | -0.43% |
| Mar 31, 2025 | -4.15% |
| Dec 31, 2024 | 22.67% |
| Sep 30, 2024 | -0.66% |
| Jun 30, 2024 | -2.51% |
| Mar 31, 2024 | -7.35% |
| Dec 31, 2023 | 20.00% |
| Sep 30, 2023 | -0.66% |
| Jun 30, 2023 | -10.34% |
| Mar 31, 2023 | -40.44% |
| Dec 31, 2022 | 0.67% |
| Sep 30, 2022 | -10.13% |
| Jun 30, 2022 | -5.18% |
| Mar 31, 2022 | -0.64% |
| Dec 31, 2021 | 21.19% |
| Sep 30, 2021 | 15.55% |
API Access
Pinterest 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=PINS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PINS", "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=PINS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();