Surf Air Mobility (SRFM) Operating Margin (2022 - 2026)
Surf Air Mobility's (SRFM) quarterly Operating Margin came in at 52.14% in Q1 2026, up 2685.0% year-on-year from 1.87% in Q1 2025, and up 46.71% quarter-over-quarter from 97.84% in Q4 2025.
Surf Air Mobility (SRFM) Operating Margin (2022 - 2026) Analysis & Trends
Surf Air Mobility has disclosed Operating Margin across 5 years of filings, most recently posting 52.14% for Q1 2026.
- Operating Margin for Q1 2026 came in at 52.14%, up 2685.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 65.95% (down 6605.0% YoY), and the FY2025 annual result was 72.14%, down 5892.0% from the prior year.
- Operating Margin came in at 52.14% for Q1 2026 at Surf Air Mobility, up from 97.84% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 187.44% in Q4 2024 to a low of 404.46% in Q4 2023.
- The 5-year median for Operating Margin is 105.2% (2024), against an average of 142.05%.
- Across the five-year window, Operating Margin soared 59190 bps in 2024 and tumbled 28527 bps in 2025, its largest moves.
- Surf Air Mobility's Operating Margin stood at 263.09% in 2022, then plunged by 54 bps to 404.46% in 2023, then soared by 146 bps to 187.44% in 2024, then slumped by 152 bps to 97.84% in 2025, then surged by 47 bps to 52.14% in 2026.
- The last three Operating Margin figures came in at 52.14% (Q1 2026), 97.84% (Q4 2025), and 56.56% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -20.08% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 3.16% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 186.84% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 4.55% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 21.77% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -8.45% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 12.21% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -2.73% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -10.00% |
| 10 | Surf Air Mobility | 89.56 Mn | 85.39 Mn | 23.65 Mn | -52.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -52.14% |
| Dec 31, 2025 | -97.84% |
| Sep 30, 2025 | -56.56% |
| Jun 30, 2025 | -58.08% |
| Mar 31, 2025 | -78.99% |
| Dec 31, 2024 | 187.44% |
| Sep 30, 2024 | -30.43% |
| Jun 30, 2024 | -78.04% |
| Mar 31, 2024 | -112.56% |
| Dec 31, 2023 | -404.46% |
| Sep 30, 2023 | -286.90% |
| Jun 30, 2023 | -212.33% |
| Mar 31, 2023 | -218.78% |
| Dec 31, 2022 | -263.09% |
| Sep 30, 2022 | -218.56% |
| Jun 30, 2022 | -291.54% |