Resmed (RMD) Operating Margin (2009 - 2026)

Resmed (RMD) reported Operating Margin of 34.92% for Q1 2026, up 192.0% on a YoY basis from 11.96% in Q1 2025, and up 1.05% quarter-over-quarter from 34.56% in Q4 2025.

Resmed (RMD) Operating Margin (2009 - 2026) Analysis & Trends

Resmed has reported Operating Margin for 18 years, with the latest figure at 34.92% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 192.0% year-over-year to 34.92%; the trailing twelve-month figure through Mar 2026 stood at 34.18% (up 207.0% YoY), and the FY2025 full-year result was 32.75%, up 458.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 34.92%, up from 34.56% in the prior quarter.
  • The five-year high for Operating Margin was 34.92% in Q1 2026, with the low at 23.66% in Q4 2023.
  • Historically, Operating Margin has averaged 29.93% across 5 years, with a median of 31.17% in 2024.
  • Annual changes were most pronounced in 2023 — Operating Margin slumped 345 bps — and 2024, when it soared 889 bps.
  • Resmed's Operating Margin stood at 27.1% in 2022, then dropped by 13 bps to 23.66% in 2023, then soared by 38 bps to 32.54% in 2024, then advanced by 6 bps to 34.56% in 2025, then grew by 1 bps to 34.92% in 2026.
  • The last three Operating Margin figures came in at 34.92% (Q1 2026), 34.56% (Q4 2025), and 33.43% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 30.87%
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 1.97%
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 5.74%
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 34.92%
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 20.96%
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 4.04%
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn -2.87%
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 13.65%
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 2.44%
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 10.94%

Historic Data

Download Data
DateValue
Mar 31, 2026 34.92%
Dec 31, 2025 34.56%
Sep 30, 2025 33.43%
Jun 30, 2025 33.72%
Mar 31, 2025 33.00%
Dec 31, 2024 32.54%
Sep 30, 2024 31.63%
Jun 30, 2024 31.17%
Mar 31, 2024 31.29%
Dec 31, 2023 23.66%
Sep 30, 2023 26.22%
Jun 30, 2023 24.53%
Mar 31, 2023 26.92%
Dec 31, 2022 27.10%
Sep 30, 2022 29.02%
Jun 30, 2022 27.92%
Mar 31, 2022 27.10%
Dec 31, 2021 27.79%
Sep 30, 2021 28.97%
Jun 30, 2021 27.58%