Eplus (PLUS) Operating Margin (2010 - 2026)

Eplus (PLUS) posted Operating Margin of 7.07% for Q4 2025, down 11.86% sequentially from 8.02% in Q3 2025, and up 373.0% YoY from 1.49% in Q4 2024.

Eplus (PLUS) Operating Margin (2010 - 2026) Analysis & Trends

Eplus has reported Operating Margin for 16 years, with the latest figure at 7.07% in Q4 2025.

Quarterly Operating Margin rose 373.0% year-over-year to 7.07% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 6.16% (up 115.0% YoY) and the FY2024 annual result came in at 7.11%, down 92.0% from the prior year.
Operating Margin eased to 7.07% in Q4 2025 per PLUS's latest filing, from 8.02% in the prior quarter.
Over five years, Operating Margin peaked at 9.67% in Q3 2021 and troughed at 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.
The sharpest annual moves came in 2024 and 2025: Operating Margin plunged 413 bps in 2024, then soared 373 bps in 2025.
Over 5 years, Operating Margin stood at 7.29% in 2021, then grew by 5 bps to 7.66% in 2022, then fell by 2 bps to 7.47% in 2023, then slumped by 55 bps to 3.34% in 2024, then surged by 112 bps to 7.07% in 2025.
According to Business Quant data, Operating Margin over the past three periods registered 7.07%, 8.02%, and 5.68% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	27.70%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	13.62%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	21.08%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	13.32%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	4.06%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	-23.45%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	-33.33%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	33.82%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	46.97%
10	Eplus	2.31 Bn	1.87 Bn	151.33 Mn	5.98%

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