United Breweries annual operating margin
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
United Breweries Operating Margin Growth & History (CCU)
United Breweries's operating margin was 7.27% for fiscal 2025.
View full United Breweries company overviewUnited Breweries annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 7.27% | −1.78 pp |
| 2024 | 2024-12-31 | 9.04% | −0.31 pp |
| 2023 | 2023-12-31 | 9.35% | +1.29 pp |
| 2022 | 2022-12-31 | 8.07% | −5.23 pp |
| 2021 | 2021-12-31 | 13.30% | +3.87 pp |
| 2020 | 2020-12-31 | 9.43% | −3.41 pp |
| 2019 | 2019-12-31 | 12.84% | −13.67 pp |
| 2018 | 2018-12-31 | 26.51% | +13.13 pp |
| 2017 | 2017-12-31 | 13.38% | +1.04 pp |
| 2016 | 2016-12-31 | 12.34% | −1.91 pp |
| 2015 | 2015-12-31 | 14.25% | — |
United Breweries quarterly operating margin
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −1.73% | +1.50 pp |
| Q1 2026 | 2026-03-31 | 10.99% | — |
| Q4 2025 | 2025-12-31 | 12.43% | — |
| Q3 2025 | 2025-09-30 | 5.47% | — |
| Q2 2025 | 2025-06-30 | −3.23% | — |
United Breweries operating margin trends
Over the last five fiscal years, United Breweries's operating margin decreased from 9.43% to 7.27%, a change of −2.16 percentage points. The latest reported quarter, Q2 2026, shows −1.73%.
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 United Breweries source filings ↗