People (PPLI) Operating Margin (2019 - 2026)
People's Operating Margin came in at -3.27% for Q2 2026, down 1.58 percentage points from -1.69% a year earlier but up 6.20 percentage points from the prior quarter.
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Analysis
People (PPLI) Operating Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, People reported Operating Margin of -8.98%, down 12.16 percentage points year-over-year; for FY2025, it was -4.07%, down 2.98 percentage points from FY2024.
- Operating Margin carries a five-year change of +15.38 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -1.09% in FY2024 (+7.05 pp), -8.14% in FY2023 (+0.92 pp), -9.07% in FY2022 (-5.36 pp) and -3.70% in FY2021 (+15.74 pp).
- The five-year range for quarterly Operating Margin is -17.55% (Q4 2025) to 6.67% (Q4 2024).
- Year-over-year, Operating Margin has declined for four consecutive quarters, with an average year-over-year change of -3.42 percentage points over the last seven quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2025 (a gain of 15.17 percentage points), and the weakest in Q4 2025 (a drop of 24.22 percentage points).
- Business Quant data shows PPLI's Operating Margin at -9.47% (Q1 2026), -17.55% (Q4 2025) and -3.46% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 34.00% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 13.71% |
| 10 | People | 2.88 Bn | -1.30 Bn | 280.20 Mn | -3.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.27% |
| Mar 31, 2026 | -9.47% |
| Dec 31, 2025 | -17.55% |
| Sep 30, 2025 | -3.46% |
| Jun 30, 2025 | -1.69% |
| Mar 31, 2025 | 5.01% |
| Dec 31, 2024 | 6.67% |
| Sep 30, 2024 | 1.27% |
| Jun 30, 2024 | -3.39% |
| Mar 31, 2024 | -10.16% |
| Sep 30, 2023 | -2.95% |
| Jun 30, 2023 | -4.99% |
| Mar 31, 2023 | -12.51% |
| Dec 31, 2022 | -6.03% |
| Sep 30, 2022 | -9.58% |
| Jun 30, 2022 | -12.19% |
| Mar 31, 2022 | -8.21% |
| Dec 31, 2021 | -5.98% |
| Sep 30, 2021 | -3.47% |
| Jun 30, 2021 | -3.43% |
API Access
People 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=PPLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PPLI", "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=PPLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();