Danaher annual operating margin
2007
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2010
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2012
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2014
2015
2016
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2020
2021
2022
2023
2024
2025
Danaher Operating Margin Growth & History (DHR)
Danaher's operating margin was 19.09% for fiscal 2025.
View full Danaher company overviewDanaher annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 19.09% | −1.28 pp |
| 2024 | 2024-12-31 | 20.37% | −1.41 pp |
| 2023 | 2023-12-31 | 21.77% | −6.51 pp |
| 2022 | 2022-12-31 | 28.29% | +2.57 pp |
| 2021 | 2021-12-31 | 25.71% | +6.72 pp |
| 2020 | 2020-12-31 | 18.99% | +0.74 pp |
| 2019 | 2019-12-31 | 18.25% | +0.33 pp |
| 2018 | 2018-12-31 | 17.92% | +1.34 pp |
| 2017 | 2017-12-31 | 16.58% | +0.37 pp |
| 2016 | 2016-12-31 | 16.20% | +1.22 pp |
| 2015 | 2015-12-31 | 14.98% | −0.91 pp |
| 2014 | 2014-12-31 | 15.89% | −1.17 pp |
| 2013 | 2013-12-31 | 17.07% | −0.27 pp |
| 2012 | 2012-12-31 | 17.33% | +1.07 pp |
| 2011 | 2011-12-31 | 16.27% | −0.07 pp |
| 2010 | 2010-12-31 | 16.33% | +2.64 pp |
| 2009 | 2009-12-31 | 13.69% | −1.03 pp |
| 2008 | 2008-12-31 | 14.72% | −1.06 pp |
| 2007 | 2007-12-31 | 15.79% | — |
Danaher quarterly operating margin
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Q3.08
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q1.14
Q2.14
Q3.14
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Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
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 | 2026-06-26 | 17.99% | +5.19 pp |
| Q1 2026 | 2026-03-27 | 22.58% | +0.39 pp |
| Q4 2025 | 2025-12-31 | 21.97% | +0.17 pp |
| Q3 2025 | 2025-09-26 | 19.06% | +2.54 pp |
| Q2 2025 | 2025-06-27 | 12.80% | −7.53 pp |
| Q1 2025 | 2025-03-28 | 22.19% | −0.45 pp |
| Q4 2024 | 2024-12-31 | 21.80% | +0.92 pp |
| Q3 2024 | 2024-09-27 | 16.52% | −4.55 pp |
| Q2 2024 | 2024-06-28 | 20.34% | +0.67 pp |
| Q1 2024 | 2024-03-29 | 22.64% | −2.86 pp |
| Q4 2023 | 2023-12-31 | 20.87% | −11.43 pp |
| Q3 2023 | 2023-09-29 | 21.07% | −5.22 pp |
| Q2 2023 | 2023-06-30 | 19.67% | −8.78 pp |
| Q1 2023 | 2023-03-31 | 25.50% | −2.75 pp |
| Q4 2022 | 2022-12-31 | 32.31% | +1.82 pp |
| Q3 2022 | 2022-09-30 | 26.30% | +8.19 pp |
| Q2 2022 | 2022-07-01 | 28.45% | +0.67 pp |
| Q1 2022 | 2022-04-01 | 28.25% | −0.87 pp |
| Q4 2021 | 2021-12-31 | 30.48% | +6.80 pp |
| Q3 2021 | 2021-10-01 | 18.11% | −0.38 pp |
| Q2 2021 | 2021-07-02 | 27.78% | +11.84 pp |
| Q1 2021 | 2021-04-02 | 29.12% | +13.05 pp |
| Q4 2020 | 2020-12-31 | 23.68% | +3.94 pp |
| Q3 2020 | 2020-10-02 | 18.49% | +0.76 pp |
| Q2 2020 | 2020-07-03 | 15.93% | −2.33 pp |
| Q1 2020 | 2020-04-03 | 16.07% | −0.98 pp |
| Q4 2019 | 2019-12-31 | 19.75% | −4.62 pp |
| Q3 2019 | 2019-09-27 | 17.73% | +0.61 pp |
| Q2 2019 | 2019-06-28 | 18.26% | +0.85 pp |
| Q1 2019 | 2019-03-29 | 17.05% | +1.23 pp |
| Q4 2018 | 2018-12-31 | 24.36% | +1.53 pp |
| Q3 2018 | 2018-09-28 | 17.12% | +0.35 pp |
| Q2 2018 | 2018-06-29 | 17.42% | +2.41 pp |
| Q1 2018 | 2018-03-30 | 15.82% | +1.15 pp |
| Q4 2017 | 2017-12-31 | 22.83% | +7.28 pp |
| Q3 2017 | 2017-09-29 | 16.77% | −0.15 pp |
| Q2 2017 | 2017-06-30 | 15.00% | −1.74 pp |
| Q1 2017 | 2017-03-31 | 14.67% | −0.95 pp |
| Q4 2016 | 2016-12-31 | 15.55% | +16.13 pp |
| Q3 2016 | 2016-09-30 | 16.92% | +3.25 pp |
| Q2 2016 | 2016-07-01 | 16.74% | −2.10 pp |
| Q1 2016 | 2016-04-01 | 15.62% | −0.46 pp |
| Q4 2015 | 2015-12-31 | −0.58% | −18.98 pp |
| Q3 2015 | 2015-10-02 | 13.67% | −4.25 pp |
| Q2 2015 | 2015-07-03 | 18.84% | +1.92 pp |
| Q1 2015 | 2015-04-03 | 16.08% | −0.47 pp |
| Q3 2014 | 2014-09-26 | 18.40% | +1.00 pp |
| Q2 2014 | 2014-06-27 | 17.92% | +0.11 pp |
| Q1 2014 | 2014-03-28 | 16.92% | +0.48 pp |
| Q4 2013 | 2013-12-31 | 16.55% | −0.79 pp |
| Q3 2013 | 2013-09-27 | 17.40% | +0.28 pp |
| Q2 2013 | 2013-06-28 | 17.81% | −0.01 pp |
| Q1 2013 | 2013-03-29 | 16.44% | −0.58 pp |
| Q4 2012 | 2012-12-31 | 17.35% | +0.83 pp |
| Q3 2012 | 2012-09-28 | 17.12% | +2.65 pp |
| Q2 2012 | 2012-06-29 | 17.82% | +1.04 pp |
| Q1 2012 | 2012-03-30 | 17.03% | −0.74 pp |
| Q4 2011 | 2011-12-31 | 16.52% | −0.72 pp |
| Q3 2011 | 2011-09-30 | 14.47% | −3.42 pp |
| Q2 2011 | 2011-07-01 | 16.78% | +0.68 pp |
| Q1 2011 | 2011-04-01 | 17.76% | +3.75 pp |
| Q4 2010 | 2010-12-31 | 17.24% | +5.44 pp |
| Q3 2010 | 2010-10-01 | 17.88% | +0.99 pp |
| Q2 2010 | 2010-07-02 | 16.09% | +3.23 pp |
| Q1 2010 | 2010-04-02 | 14.01% | +1.07 pp |
| Q4 2009 | 2009-12-31 | 11.80% | −4.47 pp |
| Q3 2009 | 2009-10-02 | 16.89% | +1.35 pp |
| Q2 2009 | 2009-07-03 | 12.86% | — |
| Q1 2009 | 2009-04-03 | 12.95% | — |
| Q3 2008 | 2008-09-26 | 16.28% | — |
| Q2 2008 | 2008-06-27 | 15.54% | — |
Danaher operating margin trends
Over the last five reported fiscal years, Danaher's operating margin increased from 18.99% to 19.09%, a change of +0.10 percentage points. The latest reported quarter, Q2 2026, shows 17.99%.
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 Danaher filings at SEC.gov ↗