Applied Digital annual operating margin
2022
2023
2024
2025
2026
Applied Digital Operating Margin Growth & History (APLD)
Applied Digital's operating margin was −38.68% for fiscal 2026.
View full Applied Digital company overviewApplied Digital annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-05-31 | −38.68% | +11.37 pp |
| 2025 | 2025-05-31 | −50.05% | +21.93 pp |
| 2024 | 2024-05-31 | −71.98% | +5.49 pp |
| 2023 | 2023-05-31 | −77.47% | +166.98 pp |
| 2022 | 2022-05-31 | −244.45% | — |
Applied Digital quarterly operating margin
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-05-31 | −33.19% | +291.19 pp |
| Q3 2026 | 2026-02-28 | −67.65% | −31.85 pp |
| Q2 2026 | 2025-11-30 | −24.45% | +10.95 pp |
| Q1 2026 | 2025-08-31 | −34.72% | −107.29 pp |
| Q4 2025 | 2025-05-31 | −324.38% | −137.17 pp |
| Q3 2025 | 2025-02-28 | −35.79% | +92.14 pp |
| Q2 2025 | 2024-11-30 | −35.41% | −16.66 pp |
| Q1 2025 | 2024-08-31 | 72.58% | +92.86 pp |
| Q4 2024 | 2024-05-31 | −187.21% | −164.31 pp |
| Q3 2024 | 2024-02-29 | −127.93% | −78.33 pp |
| Q2 2024 | 2023-11-30 | −18.75% | +197.61 pp |
| Q1 2024 | 2023-08-31 | −20.28% | +40.04 pp |
| Q4 2023 | 2023-05-31 | −22.90% | +31.44 pp |
| Q3 2023 | 2023-02-28 | −49.60% | +185.97 pp |
| Q2 2023 | 2022-11-30 | −216.35% | — |
| Q1 2023 | 2022-08-31 | −60.33% | — |
| Q4 2022 | 2022-05-31 | −54.34% | — |
| Q3 2022 | 2022-02-28 | −235.58% | — |
Applied Digital operating margin trends
Across the available reported history, Applied Digital's operating margin increased from −50.05% to −38.68%, a change of +11.37 percentage points. The latest reported quarter, Q4 2026, shows −33.19%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Applied Digital filings at SEC.gov ↗