American Water Works Company annual operating margin
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2025
American Water Works Company Operating Margin Growth & History (AWK)
American Water Works Company's operating margin was 36.69% for fiscal 2025.
View full American Water Works Company company overviewAmerican Water Works Company annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 36.69% | −0.23 pp |
| 2024 | 2024-12-31 | 36.92% | +1.26 pp |
| 2023 | 2023-12-31 | 35.67% | +1.84 pp |
| 2022 | 2022-12-31 | 33.83% | +3.27 pp |
| 2021 | 2021-12-31 | 30.56% | −2.79 pp |
| 2020 | 2020-12-31 | 33.34% | −0.50 pp |
| 2019 | 2019-12-31 | 33.84% | +1.59 pp |
| 2018 | 2018-12-31 | 32.25% | −5.07 pp |
| 2017 | 2017-12-31 | 37.32% | +4.47 pp |
| 2016 | 2016-12-31 | 32.86% | −1.17 pp |
| 2015 | 2015-12-31 | 34.03% | +0.72 pp |
| 2014 | 2014-12-31 | 33.31% | +0.38 pp |
| 2013 | 2013-12-31 | 32.93% | +0.55 pp |
| 2012 | 2012-12-31 | 32.38% | +2.26 pp |
| 2011 | 2011-12-31 | 30.12% | +1.62 pp |
| 2010 | 2010-12-31 | 28.50% | +20.47 pp |
| 2009 | 2009-12-31 | 8.03% | +16.02 pp |
| 2008 | 2008-12-31 | −8.00% | — |
American Water Works Company quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 40.15% | +1.70 pp |
| Q1 2026 | 2026-03-31 | 32.50% | −0.21 pp |
| Q4 2025 | 2025-12-31 | 32.12% | −1.72 pp |
| Q3 2025 | 2025-09-30 | 42.23% | +1.34 pp |
| Q2 2025 | 2025-06-30 | 38.44% | −0.94 pp |
| Q1 2025 | 2025-03-31 | 32.72% | +0.21 pp |
| Q4 2024 | 2024-12-31 | 33.84% | +4.92 pp |
| Q3 2024 | 2024-09-30 | 40.89% | +0.03 pp |
| Q2 2024 | 2024-06-30 | 39.39% | −0.32 pp |
| Q1 2024 | 2024-03-31 | 32.50% | +0.61 pp |
| Q4 2023 | 2023-12-31 | 28.92% | +0.52 pp |
| Q3 2023 | 2023-09-30 | 40.85% | +0.06 pp |
| Q2 2023 | 2023-06-30 | 39.71% | +4.54 pp |
| Q1 2023 | 2023-03-31 | 31.89% | +2.54 pp |
| Q4 2022 | 2022-12-31 | 28.40% | +5.29 pp |
| Q3 2022 | 2022-09-30 | 40.80% | +2.68 pp |
| Q2 2022 | 2022-06-30 | 35.16% | +1.83 pp |
| Q1 2022 | 2022-03-31 | 29.36% | +3.27 pp |
| Q4 2021 | 2021-12-31 | 23.11% | −5.26 pp |
| Q3 2021 | 2021-09-30 | 38.12% | −2.20 pp |
| Q2 2021 | 2021-06-30 | 33.33% | −1.14 pp |
| Q1 2021 | 2021-03-31 | 26.08% | −2.58 pp |
| Q4 2020 | 2020-12-31 | 28.37% | −1.18 pp |
| Q3 2020 | 2020-09-30 | 40.32% | +0.24 pp |
| Q2 2020 | 2020-06-30 | 34.47% | −0.52 pp |
| Q1 2020 | 2020-03-31 | 28.66% | −0.94 pp |
| Q4 2019 | 2019-12-31 | 29.55% | +0.91 pp |
| Q3 2019 | 2019-09-30 | 40.08% | +5.00 pp |
| Q2 2019 | 2019-06-30 | 34.99% | −0.96 pp |
| Q1 2019 | 2019-03-31 | 29.60% | +0.90 pp |
| Q4 2018 | 2018-12-31 | 28.64% | −5.59 pp |
| Q3 2018 | 2018-09-30 | 35.08% | −11.08 pp |
| Q2 2018 | 2018-06-30 | 35.95% | −0.78 pp |
| Q1 2018 | 2018-03-31 | 28.70% | −1.72 pp |
| Q4 2017 | 2017-12-31 | 34.23% | +2.68 pp |
| Q3 2017 | 2017-09-30 | 46.15% | +11.85 pp |
| Q2 2017 | 2017-06-30 | 36.73% | +0.58 pp |
| Q1 2017 | 2017-03-31 | 30.42% | +1.62 pp |
| Q4 2016 | 2016-12-31 | 31.55% | +1.91 pp |
| Q3 2016 | 2016-09-30 | 34.30% | −5.99 pp |
| Q2 2016 | 2016-06-30 | 36.15% | +0.61 pp |
| Q1 2016 | 2016-03-31 | 28.80% | −0.42 pp |
| Q4 2015 | 2015-12-31 | 29.64% | −0.92 pp |
| Q3 2015 | 2015-09-30 | 40.29% | +0.43 pp |
| Q2 2015 | 2015-06-30 | 35.54% | +1.79 pp |
| Q1 2015 | 2015-03-31 | 29.22% | +1.62 pp |
| Q4 2014 | 2014-12-31 | 30.56% | −0.85 pp |
| Q3 2014 | 2014-09-30 | 39.86% | +0.55 pp |
| Q2 2014 | 2014-06-30 | 33.76% | +0.36 pp |
| Q1 2014 | 2014-03-31 | 27.61% | +1.79 pp |
| Q4 2013 | 2013-12-31 | 31.41% | +6.16 pp |
| Q3 2013 | 2013-09-30 | 39.31% | −0.08 pp |
| Q2 2013 | 2013-06-30 | 33.40% | −2.90 pp |
| Q1 2013 | 2013-03-31 | 25.82% | −0.01 pp |
| Q4 2012 | 2012-12-31 | 25.24% | −2.43 pp |
| Q3 2012 | 2012-09-30 | 39.39% | +2.40 pp |
| Q2 2012 | 2012-06-30 | 36.30% | +6.19 pp |
| Q1 2012 | 2012-03-31 | 25.82% | +1.82 pp |
| Q4 2011 | 2011-12-31 | 27.68% | +3.08 pp |
| Q3 2011 | 2011-09-30 | 36.99% | +1.40 pp |
| Q2 2011 | 2011-06-30 | 30.11% | +0.45 pp |
| Q1 2011 | 2011-03-31 | 24.01% | +2.01 pp |
| Q4 2010 | 2010-12-31 | 24.60% | −6.94 pp |
| Q3 2010 | 2010-09-30 | 35.59% | +9.93 pp |
| Q2 2010 | 2010-06-30 | 29.66% | — |
| Q1 2010 | 2010-03-31 | 21.99% | — |
| Q3 2009 | 2009-09-30 | 31.53% | — |
| Q2 2009 | 2009-06-30 | 25.65% | — |
American Water Works Company operating margin trends
Over the last five reported fiscal years, American Water Works Company's operating margin increased from 33.34% to 36.69%, a change of +3.35 percentage points. The latest reported quarter, Q2 2026, shows 40.15%.
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 American Water Works Company filings at SEC.gov ↗