Southern Co (SO) Operating Margin (2009 - 2026)
Southern's Operating Margin came in at 25.46% for Q2 2026, up 0.16 percentage points from 25.30% a year earlier and up 1.42 percentage points from the prior quarter.
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Analysis
Southern Co (SO) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Southern reported Operating Margin of 24.21%, down 1.18 percentage points year-over-year; for FY2025, it came in at 24.65%, down 1.80 percentage points from FY2024.
- Operating Margin carries a five-year change of +0.68 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 26.45% in FY2024 (+3.38 pp), 23.07% in FY2023 (+4.73 pp), 18.34% in FY2022 (+2.34 pp) and 16.00% in FY2021 (-7.98 pp).
- The five-year range for quarterly Operating Margin is -5.74% (Q4 2021) to 33.16% (Q3 2025).
- Year-over-year, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of -1.26 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2023 (a gain of 18.01 percentage points), and the weakest in Q4 2021 (a drop of 19.99 percentage points).
- Business Quant data shows SO's Operating Margin at 24.03% (Q1 2026), 13.14% (Q4 2025) and 33.16% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.46% |
| Mar 31, 2026 | 24.03% |
| Dec 31, 2025 | 13.14% |
| Sep 30, 2025 | 33.16% |
| Jun 30, 2025 | 25.30% |
| Mar 31, 2025 | 25.85% |
| Dec 31, 2024 | 16.69% |
| Sep 30, 2024 | 32.55% |
| Jun 30, 2024 | 30.00% |
| Mar 31, 2024 | 25.62% |
| Dec 31, 2023 | 19.97% |
| Sep 30, 2023 | 30.23% |
| Jun 30, 2023 | 22.44% |
| Mar 31, 2023 | 18.80% |
| Dec 31, 2022 | 1.96% |
| Sep 30, 2022 | 26.18% |
| Jun 30, 2022 | 22.97% |
| Mar 31, 2022 | 20.82% |
| Dec 31, 2021 | -5.74% |
| Sep 30, 2021 | 27.62% |
API Access
Southern Co Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=SO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();