SEMrush Holdings, Inc. (SEMR) Operating Margin (2020 - 2025)

SEMrush Holdings (SEMR) has reported Operating Margin for 6 consecutive years, with 11.82% the latest figure, recorded in Q4 2025.

• For the quarter ending Q4 2025, Operating Margin fell 1351.0% year-over-year to 11.82%; the trailing twelve-month figure through Dec 2025 stood at 5.14% (down 735.0% YoY), and the FY2025 full-year result was 5.14%, down 735.0% from the prior year.
• Operating Margin fell to 11.82% in Q4 2025 per SEMR's latest filing, from 4.01% in the prior quarter.
• Across five years, Operating Margin topped out at 3.77% in Q1 2021 and bottomed at 22.2% in Q4 2022.
• Historically, Operating Margin has averaged 4.09% across 5 years, with a median of 1.89% in 2023.
• The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 1541 bps in 2022, then jumped 2542 bps in 2023.
• Over 5 years, Operating Margin stood at 6.8% in 2021, then tumbled by 227 bps to 22.2% in 2022, then surged by 114 bps to 3.22% in 2023, then sank by 47 bps to 1.7% in 2024, then tumbled by 797 bps to 11.82% in 2025.
• According to Business Quant data, Operating Margin over the past three periods registered 11.82%, 4.01%, and 3.99% for Q4 2025, Q3 2025, and Q2 2025 respectively.