Vericel (VCEL) Operating Margin (2011 - 2026)

Vericel has disclosed Operating Margin across 16 years of filings, most recently posting 11.79% for Q1 2026.

• Operating Margin for Q1 2026 came in at 11.79%, up 1254.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.4% (up 658.0% YoY), and the FY2025 annual result was 4.0%, up 209.0% from the prior year.
• Operating Margin came in at 11.79% for Q1 2026 at Vericel, down from 24.12% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 24.52% in Q4 2024 to a low of 24.52% in Q2 2022.
• The 5-year median for Operating Margin is 11.09% (2023), against an average of 5.13%.
• Across the five-year window, Operating Margin tumbled 1508 bps in 2022 and jumped 1254 bps in 2026, its largest moves.
• Vericel's Operating Margin stood at 11.55% in 2022, then soared by 70 bps to 19.59% in 2023, then advanced by 25 bps to 24.52% in 2024, then retreated by 2 bps to 24.12% in 2025, then slumped by 149 bps to 11.79% in 2026.
• The last three Operating Margin figures came in at 11.79% (Q1 2026), 24.12% (Q4 2025), and 5.11% (Q3 2025), per Business Quant data.