Pony AI (PONY) Operating Margin (2023 - 2026)

Pony AI has disclosed Operating Margin across 4 years of filings, most recently posting 181.51% for Q2 2026.

• In Q2 2026, Operating Margin rose 10406.0% year-over-year to 181.51%; the TTM figure through Jun 2026 stood at 214.04% (up 17215.0% YoY), while the FY2025 annual figure was 289.84%, up 9073.0% from the prior year.
• Operating Margin came in at 181.51% for Q2 2026 at Pony AI, down from 170.33% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 52.32% in Q4 2023 to a low of 487.38% in Q4 2024.
• Average Operating Margin over 4 years is 269.21%, with a median of 275.25% recorded in 2024.
• Year-over-year, Operating Margin sank 43506 bps in 2024 and surged 23374 bps in 2025.
• Over 4 years, Operating Margin stood at 52.32% in 2023, then tumbled by 832 bps to 487.38% in 2024, then jumped by 48 bps to 253.64% in 2025, then climbed by 28 bps to 181.51% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 181.51% in Q2 2026, 170.33% in Q1 2026, and 253.64% in Q4 2025.