Varex Imaging (VREX) Operating Margin (2016 - 2026)
Varex Imaging (VREX) posted quarterly Operating Margin of 6.67% for Q2 2026, down 371.0% year-over-year from 2.46% in Q2 2025, and down 9.26% quarter-over-quarter from 7.35% in Q1 2026.
Varex Imaging (VREX) Operating Margin (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has reported Operating Margin for 11 consecutive years, with 6.67% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 371.0% year-over-year to 6.67%; the TTM figure through Apr 2026 stood at 3.65% (down 1012.0% YoY), while the FY2025 annual figure was 3.29%, down 725.0% from the prior year.
- Operating Margin fell to 6.67% in Q2 2026 per VREX's latest filing, from 7.35% in the prior quarter.
- Across five years, Operating Margin topped out at 12.39% in Q2 2022 and bottomed at 39.75% in Q3 2025.
- Historically, Operating Margin has averaged 4.85% across 5 years, with a median of 6.84% in 2023.
- On a YoY basis, Operating Margin climbed as much as 665 bps in 2025 and fell as far as 4420 bps in 2025.
- Varex Imaging's Operating Margin stood at 6.32% in 2022, then sank by 65 bps to 2.21% in 2023, then jumped by 140 bps to 5.3% in 2024, then surged by 62 bps to 8.56% in 2025, then declined by 22 bps to 6.67% in 2026.
- Business Quant data shows VREX's Operating Margin at 6.67% in Q2 2026, 7.35% in Q1 2026, and 8.56% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.19 Bn | 194.59 Bn | 7.27 Bn | 13.44% |
| 2 | Stryker | 129.95 Bn | 126.47 Bn | 4.50 Bn | 25.18% |
| 3 | Medtronic | 120.06 Bn | 110.84 Bn | 6.41 Bn | 19.10% |
| 4 | Boston Scientific | 74.14 Bn | 73.60 Bn | 3.85 Bn | 21.65% |
| 5 | Edwards Lifesciences | 52.74 Bn | 48.49 Bn | 1.35 Bn | 29.48% |
| 6 | Dexcom | 34.60 Bn | 32.65 Bn | 830.00 Mn | 24.33% |
| 7 | GE HealthCare Technologies | 34.20 Bn | 32.10 Bn | 2.18 Bn | 13.96% |
| 8 | Koninklijke Philips | 26.46 Bn | 23.13 Bn | 4.55 Bn | 10.30% |
| 9 | Steris | 23.25 Bn | 22.77 Bn | 684.20 Mn | 19.15% |
| 10 | Varex Imaging | 777.17 Mn | 677.97 Mn | 76.70 Mn | 10.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 10.83% |
| Apr 3, 2026 | 6.67% |
| Jan 2, 2026 | 7.35% |
| Oct 3, 2025 | 8.56% |
| Jul 4, 2025 | -39.75% |
| Apr 4, 2025 | 10.38% |
| Jan 3, 2025 | 5.61% |
| Sep 27, 2024 | 5.30% |
| Jun 28, 2024 | 4.45% |
| Mar 29, 2024 | 3.73% |
| Dec 29, 2023 | 2.21% |
| Sep 29, 2023 | 10.69% |
| Jun 30, 2023 | 10.42% |
| Mar 31, 2023 | 6.84% |
| Dec 30, 2022 | 6.32% |
| Sep 30, 2022 | 10.63% |
| Jul 1, 2022 | 10.72% |
| Apr 1, 2022 | 12.39% |
| Dec 31, 2021 | 7.04% |
| Oct 1, 2021 | 11.71% |