Vale S.A. (VALE) Operating Margin (2009 - 2026)
Vale (VALE) recorded Operating Margin of 20.53% in Q2 2026, down 2.23 percentage points from 22.76% a year earlier but up 15.65 percentage points from the prior quarter.
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Analysis
Vale S.A. (VALE) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Vale's Operating Margin came in at 9.15% as of Jun 30, 2026, down 14.49 percentage points year-over-year; for FY2025, it was 15.36%, down 12.99 percentage points from FY2024.
- Annual Operating Margin has declined for four straight years, with a five-year change of -17.07 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 28.35% in FY2024 (-5.65 pp), 34.00% in FY2023 (-5.26 pp), 39.25% in FY2022 (-11.56 pp) and 50.81% in FY2021 (+18.38 pp).
- Quarterly Operating Margin has ranged from 0.53% in Q4 2025 to 61.04% in Q1 2022 over the past five years.
- On a year-over-year basis, Operating Margin has declined for seven consecutive quarters, with an average year-over-year change of -10.79 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 10.35 percentage points in Q4 2023, against a drop of 27.90 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.88% (Q1 2026), 0.53% (Q4 2025) and 26.79% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.53% |
| Mar 31, 2026 | 25.65% |
| Dec 31, 2025 | -6.30% |
| Sep 30, 2025 | 26.79% |
| Jun 30, 2025 | 22.76% |
| Mar 31, 2025 | 22.16% |
| Dec 31, 2024 | 7.80% |
| Sep 30, 2024 | 38.47% |
| Jun 30, 2024 | 39.06% |
| Mar 31, 2024 | 28.94% |
| Dec 31, 2023 | 39.66% |
| Sep 30, 2023 | 31.42% |
| Jun 30, 2023 | 29.69% |
| Mar 31, 2023 | 34.16% |
| Dec 31, 2022 | 29.26% |
| Sep 30, 2022 | 28.43% |
| Jun 30, 2022 | 38.46% |
| Mar 31, 2022 | 61.04% |
| Dec 31, 2021 | 27.14% |
| Sep 30, 2021 | 50.19% |
API Access
Vale S.A. 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=VALE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "VALE", "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=VALE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();