Palantir Technologies (PLTR) Operating Margin (2019 - 2026)
Palantir Technologies' Operating Margin was 47.12% in Q2 2026, up 20.29 percentage points from 26.83% a year earlier and up 0.94 percentage points from the prior quarter.
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Analysis
Palantir Technologies (PLTR) Operating Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Palantir Technologies' Operating Margin was 42.80% through Jun 30, 2026, up 26.24 percentage points year-over-year; for FY2025, it was 31.59%, up 20.76 percentage points from FY2024.
- Operating Margin has now increased for five consecutive years, with a five-year change of +139.01 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 10.83% in FY2024 (+5.44 pp), 5.39% in FY2023 (+13.85 pp), -8.46% in FY2022 (+18.20 pp) and -26.66% in FY2021 (+80.75 pp).
- The Q2 2026 figure marks the highest quarterly Operating Margin in data going back to Q3 2019.
- Compared with a year earlier, Operating Margin has increased for six straight quarters, with an average year-over-year change of +15.15 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q3 2021 (a gain of 269.53 percentage points); the worst was Q4 2024 (a drop of 9.48 percentage points).
- Per Business Quant data, PLTR's Operating Margin in the three quarters before Q2 2026 was 46.18% (Q1 2026), 40.90% (Q4 2025) and 33.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 480.73 Bn | 449.68 Bn | 1.64 Bn | 47.12% |
| 2 | Oracle | 399.91 Bn | 272.04 Bn | - | 34.78% |
| 3 | Sap Se | 262.30 Bn | 190.08 Bn | 8.40 Bn | 26.76% |
| 4 | Salesforce | 202.26 Bn | 158.13 Bn | 8.70 Bn | 20.55% |
| 5 | ServiceNow | 153.84 Bn | 132.30 Bn | 2.82 Bn | 4.06% |
| 6 | Automatic Data Processing | 114.84 Bn | 96.97 Bn | 2.51 Bn | -33.33% |
| 7 | Intuit | 91.04 Bn | 70.38 Bn | 3.44 Bn | 10.91% |
| 8 | Relx | 70.51 Bn | 69.60 Bn | - | - |
| 9 | Strategy | 53.24 Bn | 46.23 Bn | 81.55 Mn | -6,808.11% |
| 10 | Thomson Reuters | 48.40 Bn | 45.18 Bn | - | 28.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.12% |
| Mar 31, 2026 | 46.18% |
| Dec 31, 2025 | 40.90% |
| Sep 30, 2025 | 33.30% |
| Jun 30, 2025 | 26.83% |
| Mar 31, 2025 | 19.92% |
| Dec 31, 2024 | 1.33% |
| Sep 30, 2024 | 15.59% |
| Jun 30, 2024 | 15.53% |
| Mar 31, 2024 | 12.75% |
| Dec 31, 2023 | 10.82% |
| Sep 30, 2023 | 7.16% |
| Jun 30, 2023 | 1.89% |
| Mar 31, 2023 | 0.78% |
| Dec 31, 2022 | -3.50% |
| Sep 30, 2022 | -13.01% |
| Jun 30, 2022 | -8.83% |
| Mar 31, 2022 | -8.84% |
| Dec 31, 2021 | -13.62% |
| Sep 30, 2021 | -23.45% |
API Access
Palantir Technologies 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=PLTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PLTR", "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=PLTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();