Eplus (PLUS) Operating Margin (2010 - 2025)
Eplus (PLUS) reported Operating Margin of 7.07% for Q4 2025, up 373.0% on a YoY basis from 1.49% in Q4 2024, and down 11.86% sequentially from 8.02% in Q3 2025.
Eplus (PLUS) Operating Margin (2010 - 2025) Analysis & Trends
Eplus (PLUS) has 16 years of Operating Margin data on file, last reported at 7.07% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin rose 373.0% year-over-year to 7.07%; the trailing twelve-month figure through Dec 2025 stood at 6.16% (up 115.0% YoY), and the FY2024 full-year result was 7.11%, down 92.0% from the prior year.
- Operating Margin eased to 7.07% in Q4 2025, from 8.02% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 9.67% in Q3 2021 to a low of 3.34% in Q4 2024.
- A 5-year average of 7.11% and a median of 7.47% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 413 bps in 2024 and jumped 373 bps in 2025, its largest moves.
- Tracing PLUS's Operating Margin over 5 years: stood at 7.29% in 2021, then gained by 5 bps to 7.66% in 2022, then slipped by 2 bps to 7.47% in 2023, then tumbled by 55 bps to 3.34% in 2024, then surged by 112 bps to 7.07% in 2025.
- Business Quant data shows PLUS's Operating Margin at 7.07% in Q4 2025, 8.02% in Q3 2025, and 5.68% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | Eplus | 2.41 Bn | 2.00 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 7.07% |
| Sep 30, 2025 | 8.02% |
| Jun 30, 2025 | 5.68% |
| Dec 31, 2024 | 3.34% |
| Sep 30, 2024 | 5.47% |
| Jun 30, 2024 | 5.87% |
| Mar 31, 2024 | 5.23% |
| Dec 31, 2023 | 7.47% |
| Sep 30, 2023 | 7.87% |
| Jun 30, 2023 | 8.07% |
| Mar 31, 2023 | 7.82% |
| Dec 31, 2022 | 7.66% |
| Sep 30, 2022 | 8.93% |
| Jun 30, 2022 | 7.46% |
| Mar 31, 2022 | 7.64% |
| Dec 31, 2021 | 7.29% |
| Sep 30, 2021 | 9.67% |
| Jun 30, 2021 | 7.79% |
| Mar 31, 2021 | 6.69% |
| Dec 31, 2020 | 6.84% |