Campbell's annual operating margin
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2025
Campbell's Operating Margin Growth & History (CPB)
Campbell's's operating margin was 10.96% for fiscal 2025.
View full Campbell's company overviewCampbell's annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-08-03 | 10.96% | +0.58 pp |
| 2024 | 2024-07-28 | 10.38% | −3.64 pp |
| 2023 | 2023-07-30 | 14.02% | +0.44 pp |
| 2022 | 2022-07-31 | 13.58% | −4.64 pp |
| 2021 | 2021-08-01 | 18.23% | +5.49 pp |
| 2020 | 2020-08-02 | 12.74% | +0.66 pp |
| 2019 | 2019-07-28 | 12.08% | −3.19 pp |
| 2018 | 2018-07-29 | 15.27% | −9.25 pp |
| 2017 | 2017-07-30 | 24.52% | +12.46 pp |
| 2016 | 2016-07-31 | 12.06% | −0.98 pp |
| 2015 | 2015-08-02 | 13.04% | −2.28 pp |
| 2014 | 2014-08-03 | 15.32% | +1.91 pp |
| 2013 | 2013-07-28 | 13.41% | −2.68 pp |
| 2012 | 2012-07-29 | 16.10% | −0.87 pp |
| 2011 | 2011-07-31 | 16.97% | −0.59 pp |
| 2010 | 2010-08-01 | 17.56% | +1.94 pp |
| 2009 | 2009-08-02 | 15.62% | +1.89 pp |
| 2008 | 2008-08-03 | 13.73% | — |
Campbell's quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-05-03 | 10.10% | +3.60 pp |
| Q2 2026 | 2026-02-01 | 10.65% | −1.53 pp |
| Q1 2026 | 2025-11-02 | 12.55% | −0.69 pp |
| Q4 2025 | 2025-08-03 | 11.59% | +8.23 pp |
| Q3 2025 | 2025-04-27 | 6.51% | −3.96 pp |
| Q2 2025 | 2025-01-26 | 12.18% | −0.73 pp |
| Q1 2025 | 2024-10-27 | 13.24% | −0.98 pp |
| Q4 2024 | 2024-07-28 | 3.36% | −9.79 pp |
| Q3 2024 | 2024-04-28 | 10.47% | −0.93 pp |
| Q2 2024 | 2024-01-28 | 12.91% | −1.18 pp |
| Q1 2024 | 2023-10-29 | 14.22% | −2.71 pp |
| Q4 2023 | 2023-07-30 | 13.15% | +4.60 pp |
| Q3 2023 | 2023-04-30 | 11.40% | −2.41 pp |
| Q2 2023 | 2023-01-29 | 14.08% | −0.54 pp |
| Q1 2023 | 2022-10-30 | 16.93% | +0.12 pp |
| Q4 2022 | 2022-07-31 | 8.56% | −13.39 pp |
| Q3 2022 | 2022-05-01 | 13.80% | +0.09 pp |
| Q2 2022 | 2022-01-30 | 14.62% | −2.97 pp |
| Q1 2022 | 2021-10-31 | 16.82% | −2.89 pp |
| Q4 2021 | 2021-08-01 | 21.94% | +14.02 pp |
| Q3 2021 | 2021-05-02 | 13.71% | +1.51 pp |
| Q2 2021 | 2021-01-31 | 17.60% | +1.41 pp |
| Q1 2021 | 2020-11-01 | 19.70% | +5.18 pp |
| Q4 2020 | 2020-08-02 | 7.92% | +3.26 pp |
| Q3 2020 | 2020-04-26 | 12.20% | −0.35 pp |
| Q2 2020 | 2020-01-26 | 16.19% | +1.23 pp |
| Q1 2020 | 2019-10-27 | 14.52% | −0.28 pp |
| Q4 2019 | 2019-07-28 | 4.66% | −6.63 pp |
| Q3 2019 | 2019-04-28 | 12.54% | +2.78 pp |
| Q2 2019 | 2019-01-27 | 14.96% | −0.09 pp |
| Q1 2019 | 2018-10-28 | 14.80% | −10.35 pp |
| Q4 2018 | 2018-07-29 | 11.29% | −17.02 pp |
| Q3 2018 | 2018-04-29 | 9.77% | −6.32 pp |
| Q2 2018 | 2018-01-28 | 15.06% | +5.61 pp |
| Q1 2018 | 2017-10-29 | 25.15% | +4.40 pp |
| Q4 2017 | 2017-07-30 | 28.31% | +30.50 pp |
| Q3 2017 | 2017-04-30 | 16.08% | +1.75 pp |
| Q2 2017 | 2017-01-29 | 9.44% | −9.37 pp |
| Q1 2017 | 2016-10-30 | 20.75% | +6.46 pp |
| Q4 2016 | 2016-07-31 | −2.19% | −4.73 pp |
| Q3 2016 | 2016-05-01 | 14.33% | −0.67 pp |
| Q2 2016 | 2016-01-31 | 18.81% | +3.72 pp |
| Q1 2016 | 2015-11-01 | 14.30% | −2.95 pp |
| Q4 2015 | 2015-08-02 | 2.54% | −14.14 pp |
| Q3 2015 | 2015-05-03 | 15.00% | +0.18 pp |
| Q2 2015 | 2015-02-01 | 15.09% | −0.74 pp |
| Q1 2015 | 2014-11-02 | 17.25% | +3.16 pp |
| Q4 2014 | 2014-08-03 | 16.68% | +6.35 pp |
| Q3 2014 | 2014-04-27 | 14.82% | +1.72 pp |
| Q2 2014 | 2014-01-26 | 15.83% | +3.01 pp |
| Q1 2014 | 2013-10-27 | 14.09% | −2.60 pp |
| Q4 2013 | 2013-07-28 | 10.33% | +0.72 pp |
| Q3 2013 | 2013-04-28 | 13.10% | −2.45 pp |
| Q2 2013 | 2013-01-27 | 12.81% | −4.12 pp |
| Q1 2013 | 2012-10-28 | 16.69% | −3.96 pp |
| Q4 2012 | 2012-07-29 | 9.61% | +3.26 pp |
| Q3 2012 | 2012-04-29 | 15.55% | −1.39 pp |
| Q2 2012 | 2012-01-29 | 16.93% | +0.05 pp |
| Q1 2012 | 2011-10-30 | 20.65% | +0.20 pp |
| Q4 2011 | 2011-07-31 | 6.35% | −5.97 pp |
| Q3 2011 | 2011-05-01 | 16.93% | +0.73 pp |
| Q2 2011 | 2011-01-30 | 16.88% | −1.28 pp |
| Q1 2011 | 2010-10-31 | 20.44% | −1.26 pp |
| Q4 2010 | 2010-08-01 | 12.32% | +2.83 pp |
| Q3 2010 | 2010-05-02 | 16.20% | −0.76 pp |
| Q2 2010 | 2010-01-31 | 18.16% | +1.43 pp |
| Q1 2010 | 2009-11-01 | 21.70% | +3.96 pp |
| Q4 2009 | 2009-08-02 | 9.49% | — |
| Q3 2009 | 2009-05-03 | 16.96% | — |
| Q2 2009 | 2009-02-01 | 16.73% | — |
| Q1 2009 | 2008-11-02 | 17.73% | — |
Campbell's operating margin trends
Over the last five fiscal years, Campbell's's operating margin decreased from 12.74% to 10.96%, a change of −1.77 percentage points. The latest reported quarter, Q3 2026, shows 10.10%.
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.
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