Thales annual operating margin
2020
2021
2022
2023
2024
2025
Thales Operating Margin Growth & History (HO)
Thales's operating margin was 9.32% for fiscal 2025.
View full Thales company overviewThales annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 9.32% | +3.19 pp |
| 2024 | 2024-12-31 | 6.13% | −0.24 pp |
| 2023 | 2023-12-31 | 6.37% | −1.14 pp |
| 2022 | 2022-12-31 | 7.52% | +0.15 pp |
| 2021 | 2021-12-31 | 7.36% | +3.18 pp |
| 2020 | 2020-12-31 | 4.18% | — |
Thales operating margin trends
Over the last five fiscal years, Thales's operating margin increased from 4.18% to 9.32%, a change of +5.14 percentage points.
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 reported operating income divided by 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 Thales source filings ↗Community posts
Thales sees sales near or above its target as defence orders expand
Thales ($HO) reported €19.12 billion of orders in the first nine months of 2026, up 14% as reported and 15% organically. Revenue increased 7.6% as reported and 8.1% organically to €16.42 billion. Defence sales grew 13% organically, substant ...
