Radware (RDWR) Operating Margin (2009 - 2026)
Radware's (RDWR) quarterly Operating Margin came in at 3.0% in Q2 2026, down 390.0% year-over-year from 1.03% in Q2 2025, and down 46.99% quarter-over-quarter from 5.66% in Q1 2026.
Powered by 
Analysis
Radware (RDWR) Operating Margin (2009 - 2026) Analysis & Trends
Radware (RDWR) has reported Operating Margin for 18 consecutive years, with 3.0% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 390.0% year-over-year to 3.0% in Q2 2026; TTM through Jun 2026 was 4.42%, a 91.0% increase from a year earlier, with the FY2025 full-year figure at 3.78%, up 519.0% from the prior year.
- Operating Margin was 3.0% for Q2 2026 at Radware, down from 5.66% in the prior quarter.
- Over five years, Operating Margin peaked at 6.9% in Q2 2025 and troughed at 16.55% in Q3 2023.
- A 5-year average of 1.64% and a median of 0.67% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 1505 bps in 2023 and surged 1654 bps in 2024, its largest moves.
- Over 5 years, Operating Margin stood at 6.89% in 2022, then plunged by 65 bps to 11.38% in 2023, then jumped by 112 bps to 1.36% in 2024, then soared by 262 bps to 4.91% in 2025, then plunged by 39 bps to 3.0% in 2026.
- The last three Operating Margin figures came in at 3.0% (Q2 2026), 5.66% (Q1 2026), and 4.91% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | -6.10% |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 33.66% |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 5.17% |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 24.65% |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | -16.83% |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 33.16% |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 27.48% |
| 10 | Radware | 1.20 Bn | 1.09 Bn | 66.46 Mn | 3.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.00% |
| Mar 31, 2026 | 5.66% |
| Dec 31, 2025 | 4.91% |
| Sep 30, 2025 | 4.11% |
| Jun 30, 2025 | 6.90% |
| Mar 31, 2025 | 5.60% |
| Dec 31, 2024 | 1.36% |
| Sep 30, 2024 | -0.01% |
| Jun 30, 2024 | -1.80% |
| Mar 31, 2024 | -5.63% |
| Dec 31, 2023 | -11.38% |
| Sep 30, 2023 | -16.55% |
| Jun 30, 2023 | -12.96% |
| Mar 31, 2023 | -8.08% |
| Dec 31, 2022 | -6.89% |
| Sep 30, 2022 | -4.81% |
| Jun 30, 2022 | 2.10% |
| Mar 31, 2022 | 4.87% |
| Dec 31, 2021 | 6.35% |
| Sep 30, 2021 | 8.00% |