TotalEnergies SE (TTE) Operating Margin (2009 - 2026)
TotalEnergies SE's (TTE) quarterly Operating Margin came in at 37.2% in Q2 2026, down 371.0% on a YoY basis from 13.73% in Q2 2025, and down 162.89% quarter-over-quarter from 59.15% in Q1 2026.
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TotalEnergies SE (TTE) Operating Margin (2009 - 2026) Analysis & Trends
TotalEnergies SE (TTE) has reported Operating Margin for 18 consecutive years, with 37.2% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 371.0% year-over-year to 37.2%; the trailing twelve-month figure through Jun 2026 stood at 28.47% (down 272.0% YoY), and the FY2025 full-year result was 53.01%, up 238.0% from the prior year.
- Operating Margin declined to 37.2% in Q2 2026 per TTE's latest filing, from 59.15% in the prior quarter.
- Across five years, Operating Margin topped out at 59.15% in Q1 2026 and bottomed at 37.2% in Q2 2026.
- Historically, Operating Margin has averaged 31.58% across 5 years, with a median of 49.02% in 2024.
- The sharpest annual moves came in 2023 and 2026: Operating Margin tumbled 8130 bps in 2023, then soared 799 bps in 2026.
- Over 5 years, Operating Margin stood at 46.07% in 2022, then gained by 6 bps to 48.82% in 2023, then advanced by 8 bps to 52.85% in 2024, then dropped by 2 bps to 51.92% in 2025, then slumped by 172 bps to 37.2% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 37.2%, 59.15%, and 51.92% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | -28.44% |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 28.64% |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | -37.20% |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | 98.44% |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | 36.94% |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | -74.35% |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 91.95% |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | - |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 39.52% |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 12.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -37.20% |
| Mar 31, 2026 | 59.15% |
| Dec 31, 2025 | 51.92% |
| Sep 30, 2025 | 53.26% |
| Jun 30, 2025 | -33.49% |
| Mar 31, 2025 | 51.16% |
| Dec 31, 2024 | 52.85% |
| Sep 30, 2024 | 50.95% |
| Jun 30, 2024 | -34.08% |
| Mar 31, 2024 | 49.23% |
| Dec 31, 2023 | 48.82% |
| Sep 30, 2023 | 53.69% |
| Jun 30, 2023 | -34.52% |
| Mar 31, 2023 | 49.76% |
| Dec 31, 2022 | 46.07% |
| Sep 30, 2022 | 46.40% |
| Jun 30, 2022 | 46.78% |
| Mar 31, 2022 | 47.73% |
| Dec 31, 2021 | 43.95% |
| Sep 30, 2021 | 51.16% |