Varex Imaging (VREX) Operating Margin (2016 - 2026)

Varex Imaging's (VREX) quarterly Operating Margin came in at 6.67% in Q2 2026, down 371.0% year-on-year from 2.46% in Q2 2025, and down 9.26% on a QoQ basis from 7.35% in Q1 2026.

Varex Imaging (VREX) Operating Margin (2016 - 2026) Analysis & Trends

Varex Imaging (VREX) has 11 years of Operating Margin data on file, last reported at 6.67% in Q2 2026.

  • On a quarterly basis, Operating Margin fell 371.0% year-over-year to 6.67% in Q2 2026; TTM through Apr 2026 was 3.65%, a 1012.0% decrease from a year earlier, with the FY2025 full-year figure at 3.29%, down 725.0% from the prior year.
  • Operating Margin for Q2 2026 stood at 6.67%, down from 7.35% in the prior quarter.
  • Over the last five years, Operating Margin for VREX reached as high as 12.39% in Q2 2022 and fell as low as 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.
  • Year by year, Operating Margin stood at 6.32% in 2022, then sank by 65 bps to 2.21% in 2023, then soared by 140 bps to 5.3% in 2024, then jumped by 62 bps to 8.56% in 2025, then retreated by 22 bps to 6.67% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 6.67% in Q2 2026, 7.35% in Q1 2026, and 8.56% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 12.05%
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 15.55%
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 19.10%
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 21.16%
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 28.97%
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 21.42%
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn 6.17%
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 10.04%
9 Smith & Nephew 25.80 Bn 25.22 Bn - -
10 Varex Imaging 450.24 Mn 375.84 Mn 72.60 Mn 6.67%

Historic Data

Download Data
DateValue
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%
Jul 2, 2021 12.17%