Phillips 66 (PSX) Operating Margin (2016 - 2025)

Phillips 66's Operating Margin history spans 14 years, with the latest figure at 61.96% for Q4 2025.

For Q4 2025, Operating Margin rose 3027.0% year-over-year to 61.96%; the TTM value through Dec 2025 reached 80.17%, down 1282.0%, while the annual FY2025 figure was 81.04%, 951.0% up from the prior year.
Operating Margin reached 61.96% in Q4 2025 per PSX's latest filing, up from 85.82% in the prior quarter.
In the past five years, Operating Margin ranged from a high of 274.57% in Q4 2022 to a low of 95.38% in Q4 2023.
Average Operating Margin over 5 years is 25.33%, with a median of 8.89% recorded in 2021.
Peak YoY movement for Operating Margin: soared 27691bps in 2022, then plummeted -36995bps in 2023.
A 5-year view of Operating Margin shows it stood at 2.34% in 2021, then surged by 11833bps to 274.57% in 2022, then crashed by -135bps to 95.38% in 2023, then grew by 3bps to 92.23% in 2024, then skyrocketed by 33bps to 61.96% in 2025.
Per Business Quant, the three most recent readings for PSX's Operating Margin are 61.96% (Q4 2025), 85.82% (Q3 2025), and 83.4% (Q2 2025).

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