Hennessy Advisors annual operating margin
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2025
Hennessy Advisors Operating Margin Growth & History (HNNA)
Hennessy Advisors's operating margin was 36.99% for fiscal 2025.
View full Hennessy Advisors company overviewHennessy Advisors annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 36.99% | +7.08 pp |
| 2024 | 2024-09-30 | 29.91% | +3.54 pp |
| 2023 | 2023-09-30 | 26.37% | −6.80 pp |
| 2022 | 2022-09-30 | 33.16% | −0.04 pp |
| 2021 | 2021-09-30 | 33.21% | −0.69 pp |
| 2020 | 2020-09-30 | 33.90% | −3.61 pp |
| 2019 | 2019-09-30 | 37.51% | −7.33 pp |
| 2018 | 2018-09-30 | 44.83% | −1.42 pp |
| 2017 | 2017-09-30 | 46.25% | −0.02 pp |
| 2016 | 2016-09-30 | 46.28% | +1.99 pp |
| 2015 | 2015-09-30 | 44.29% | +3.32 pp |
| 2014 | 2014-09-30 | 40.97% | +4.24 pp |
| 2013 | 2013-09-30 | 36.73% | +11.53 pp |
| 2012 | 2012-09-30 | 25.20% | −2.89 pp |
| 2011 | 2011-09-30 | 28.09% | +7.07 pp |
| 2010 | 2010-09-30 | 21.02% | — |
Hennessy Advisors quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | 34.72% | −0.65 pp |
| Q2 2026 | 2026-03-31 | 32.09% | −5.11 pp |
| Q1 2026 | 2025-12-31 | 31.30% | −8.15 pp |
| Q4 2025 | 2025-09-30 | 35.47% | +2.00 pp |
| Q3 2025 | 2025-06-30 | 35.37% | +2.16 pp |
| Q2 2025 | 2025-03-31 | 37.20% | +9.55 pp |
| Q1 2025 | 2024-12-31 | 39.45% | +16.26 pp |
| Q4 2024 | 2024-09-30 | 33.47% | +5.43 pp |
| Q3 2024 | 2024-06-30 | 33.21% | +8.97 pp |
| Q2 2024 | 2024-03-31 | 27.65% | +0.74 pp |
| Q1 2024 | 2023-12-31 | 23.19% | −2.93 pp |
| Q4 2023 | 2023-09-30 | 28.04% | −3.57 pp |
| Q3 2023 | 2023-06-30 | 24.24% | −9.50 pp |
| Q2 2023 | 2023-03-31 | 26.91% | −7.60 pp |
| Q1 2023 | 2022-12-31 | 26.12% | −6.54 pp |
| Q4 2022 | 2022-09-30 | 31.61% | −2.13 pp |
| Q3 2022 | 2022-06-30 | 33.74% | −1.87 pp |
| Q2 2022 | 2022-03-31 | 34.51% | +2.21 pp |
| Q1 2022 | 2021-12-31 | 32.66% | +1.73 pp |
| Q4 2021 | 2021-09-30 | 33.74% | +2.37 pp |
| Q3 2021 | 2021-06-30 | 35.60% | +2.49 pp |
| Q2 2021 | 2021-03-31 | 32.30% | −1.40 pp |
| Q1 2021 | 2020-12-31 | 30.93% | −5.49 pp |
| Q4 2020 | 2020-09-30 | 31.37% | −4.57 pp |
| Q3 2020 | 2020-06-30 | 33.11% | −3.31 pp |
| Q2 2020 | 2020-03-31 | 33.71% | −4.15 pp |
| Q1 2020 | 2019-12-31 | 36.42% | −3.13 pp |
| Q4 2019 | 2019-09-30 | 35.94% | −6.88 pp |
| Q3 2019 | 2019-06-30 | 36.42% | −8.74 pp |
| Q2 2019 | 2019-03-31 | 37.85% | −6.84 pp |
| Q1 2019 | 2018-12-31 | 39.55% | −7.03 pp |
| Q4 2018 | 2018-09-30 | 42.82% | −1.49 pp |
| Q3 2018 | 2018-06-30 | 45.16% | −2.42 pp |
| Q2 2018 | 2018-03-31 | 44.70% | −1.47 pp |
| Q1 2018 | 2017-12-31 | 46.58% | −0.37 pp |
| Q4 2017 | 2017-09-30 | 44.31% | −1.17 pp |
| Q3 2017 | 2017-06-30 | 47.58% | +0.38 pp |
| Q2 2017 | 2017-03-31 | 46.17% | +1.45 pp |
| Q1 2017 | 2016-12-31 | 46.95% | −0.65 pp |
| Q4 2016 | 2016-09-30 | 45.48% | −2.23 pp |
| Q3 2016 | 2016-06-30 | 47.20% | −0.26 pp |
| Q2 2016 | 2016-03-31 | 44.72% | +2.85 pp |
| Q1 2016 | 2015-12-31 | 47.60% | +8.95 pp |
| Q4 2015 | 2015-09-30 | 47.70% | +3.77 pp |
| Q3 2015 | 2015-06-30 | 47.45% | +5.18 pp |
| Q2 2015 | 2015-03-31 | 41.86% | +3.61 pp |
| Q1 2015 | 2014-12-31 | 38.65% | −0.17 pp |
| Q4 2014 | 2014-09-30 | 43.94% | +4.79 pp |
| Q3 2014 | 2014-06-30 | 42.27% | +4.21 pp |
| Q2 2014 | 2014-03-31 | 38.26% | +3.73 pp |
| Q1 2014 | 2013-12-31 | 38.82% | +4.80 pp |
| Q4 2013 | 2013-09-30 | 39.15% | +14.14 pp |
| Q3 2013 | 2013-06-30 | 38.06% | +7.04 pp |
| Q2 2013 | 2013-03-31 | 34.52% | +9.07 pp |
| Q1 2013 | 2012-12-31 | 34.02% | +14.68 pp |
| Q4 2012 | 2012-09-30 | 25.01% | −1.42 pp |
| Q3 2012 | 2012-06-30 | 31.02% | −1.06 pp |
| Q2 2012 | 2012-03-31 | 25.45% | −3.91 pp |
| Q1 2012 | 2011-12-31 | 19.34% | −5.04 pp |
| Q4 2011 | 2011-09-30 | 26.44% | +1.54 pp |
| Q3 2011 | 2011-06-30 | 32.09% | +11.94 pp |
| Q2 2011 | 2011-03-31 | 29.36% | — |
| Q1 2011 | 2010-12-31 | 24.37% | — |
| Q3 2010 | 2010-06-30 | 24.90% | — |
| Q2 2010 | 2010-03-31 | 20.15% | — |
Hennessy Advisors operating margin trends
Over the last five reported fiscal years, Hennessy Advisors's operating margin increased from 33.90% to 36.99%, a change of +3.09 percentage points. The latest reported quarter, Q3 2026, shows 34.72%.
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 Hennessy Advisors filings at SEC.gov ↗