Growth Metrics

Roku (ROKU) Operating Margin (2016 - 2025)

Roku has reported Operating Margin over the past 10 years, most recently at 4.73% for Q4 2025.

  • Quarterly results put Operating Margin at 4.73% for Q4 2025, up 799.0% from a year ago — trailing twelve months through Dec 2025 was 0.12% (up 519.0% YoY), and the annual figure for FY2025 was 0.12%, up 519.0%.
  • Operating Margin for Q4 2025 was 4.73% at Roku, up from 0.78% in the prior quarter.
  • Over the last five years, Operating Margin for ROKU hit a ceiling of 114.25% in Q4 2021 and a floor of 38.35% in Q3 2023.
  • Median Operating Margin over the past 5 years was 4.51% (2024), compared with a mean of 1.72%.
  • Biggest five-year swings in Operating Margin: surged 10422bps in 2021 and later crashed -14307bps in 2022.
  • Roku's Operating Margin stood at 114.25% in 2021, then tumbled by -125bps to 28.82% in 2022, then surged by 63bps to 10.58% in 2023, then skyrocketed by 69bps to 3.26% in 2024, then skyrocketed by 245bps to 4.73% in 2025.
  • The last three reported values for Operating Margin were 4.73% (Q4 2025), 0.78% (Q3 2025), and 2.1% (Q2 2025) per Business Quant data.