Dutch Bros annual operating margin
2019
2020
2021
2022
2023
2024
2025
Dutch Bros Operating Margin Growth & History (BROS)
Dutch Bros's operating margin was 9.84% for fiscal 2025.
View full Dutch Bros company overviewDutch Bros annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 9.84% | +1.56 pp |
| 2024 | 2024-12-31 | 8.28% | +3.50 pp |
| 2023 | 2023-12-31 | 4.79% | +5.14 pp |
| 2022 | 2022-12-31 | −0.35% | +21.99 pp |
| 2021 | 2021-12-31 | −22.34% | −25.70 pp |
| 2020 | 2020-12-31 | 3.36% | −9.35 pp |
| 2019 | 2019-12-31 | 12.71% | — |
Dutch Bros quarterly operating margin
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
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
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 12.78% | −0.36 pp |
| Q1 2026 | 2026-03-31 | 7.39% | −1.36 pp |
| Q4 2025 | 2025-12-31 | 7.66% | +3.04 pp |
| Q3 2025 | 2025-09-30 | 9.79% | +0.18 pp |
| Q2 2025 | 2025-06-30 | 13.15% | +3.24 pp |
| Q1 2025 | 2025-03-31 | 8.75% | −0.55 pp |
| Q4 2024 | 2024-12-31 | 4.61% | +3.76 pp |
| Q3 2024 | 2024-09-30 | 9.61% | +0.28 pp |
| Q2 2024 | 2024-06-30 | 9.91% | +2.07 pp |
| Q1 2024 | 2024-03-31 | 9.30% | +9.42 pp |
| Q4 2023 | 2023-12-31 | 0.86% | −1.01 pp |
| Q3 2023 | 2023-09-30 | 9.34% | +6.73 pp |
| Q2 2023 | 2023-06-30 | 7.84% | +6.40 pp |
| Q1 2023 | 2023-03-31 | −0.12% | +9.23 pp |
| Q4 2022 | 2022-12-31 | 1.87% | +6.93 pp |
| Q3 2022 | 2022-09-30 | 2.61% | +90.95 pp |
| Q2 2022 | 2022-06-30 | 1.43% | −9.60 pp |
| Q1 2022 | 2022-03-31 | −9.35% | −5.59 pp |
| Q4 2021 | 2021-12-31 | −5.06% | −14.25 pp |
| Q3 2021 | 2021-09-30 | −88.35% | — |
| Q2 2021 | 2021-06-30 | 11.03% | — |
| Q1 2021 | 2021-03-31 | −3.75% | — |
| Q3 2020 | 2020-09-30 | 9.18% | — |
Dutch Bros operating margin trends
Over the last five reported fiscal years, Dutch Bros's operating margin increased from 3.36% to 9.84%, a change of +6.48 percentage points. The latest reported quarter, Q2 2026, shows 12.78%.
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 Dutch Bros filings at SEC.gov ↗