Palantir Technologies (PLTR) Operating Margin (2019 - 2026)
Palantir Technologies (PLTR) posted quarterly Operating Margin of 46.18% for Q1 2026, up 2627.0% year-over-year from 1.69% in Q1 2025, and up 12.92% quarter-over-quarter from 40.9% in Q4 2025.
Palantir Technologies (PLTR) Operating Margin (2019 - 2026) Analysis & Trends
Palantir Technologies (PLTR) has reported Operating Margin for 8 consecutive years, with 46.18% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 2627.0% year-over-year to 46.18%; the TTM figure through Mar 2026 stood at 38.13% (up 2511.0% YoY), while the FY2025 annual figure was 31.59%, up 2076.0% from the prior year.
- Operating Margin climbed to 46.18% in Q1 2026 per PLTR's latest filing, from 40.9% in the prior quarter.
- Across five years, Operating Margin topped out at 46.18% in Q1 2026 and bottomed at 13.01% in Q3 2022.
- Historically, Operating Margin has averaged 11.7% across 5 years, with a median of 10.82% in 2023.
- Annual changes were most pronounced in 2024 — Operating Margin plunged 948 bps — and 2025, when it surged 3957 bps.
- Palantir Technologies' Operating Margin stood at 3.5% in 2022, then surged by 409 bps to 10.82% in 2023, then plunged by 88 bps to 1.33% in 2024, then surged by 2965 bps to 40.9% in 2025, then rose by 13 bps to 46.18% in 2026.
- Business Quant data shows PLTR's Operating Margin at 46.18% in Q1 2026, 40.9% in Q4 2025, and 33.3% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 45.11% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 31.97% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 47.12% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -6.10% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 33.66% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -29.55% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 8.43% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -1.90% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 6.75% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 27.31% |
Historic Data
Download 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% |