Ingredion annual operating margin
2008
2009
2010
2011
2012
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2020
2021
2022
2023
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2025
Ingredion Operating Margin Growth & History (INGR)
Ingredion's operating margin was 14.07% for fiscal 2025.
View full Ingredion company overviewIngredion annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 14.07% | +2.19 pp |
| 2024 | 2024-12-31 | 11.88% | +0.16 pp |
| 2023 | 2023-12-31 | 11.73% | +2.14 pp |
| 2022 | 2022-12-31 | 9.59% | +5.09 pp |
| 2021 | 2021-12-31 | 4.50% | −5.22 pp |
| 2020 | 2020-12-31 | 9.72% | −0.97 pp |
| 2019 | 2019-12-31 | 10.69% | −0.48 pp |
| 2018 | 2018-12-31 | 11.18% | −2.21 pp |
| 2017 | 2017-12-31 | 13.39% | −0.74 pp |
| 2016 | 2016-12-31 | 14.13% | +3.90 pp |
| 2012 | 2012-12-31 | 10.23% | −0.56 pp |
| 2011 | 2011-12-31 | 10.79% | +3.03 pp |
| 2010 | 2010-12-31 | 7.76% | +3.60 pp |
| 2009 | 2009-12-31 | 4.17% | −6.84 pp |
| 2008 | 2008-12-31 | 11.00% | — |
Ingredion quarterly operating margin
Q2.09
Q3.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.17
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 | 2026-06-30 | 10.16% | −4.62 pp |
| Q1 2026 | 2026-03-31 | 11.33% | −3.90 pp |
| Q4 2025 | 2025-12-31 | 12.52% | +3.52 pp |
| Q3 2025 | 2025-09-30 | 13.71% | −0.62 pp |
| Q2 2025 | 2025-06-30 | 14.78% | +2.00 pp |
| Q1 2025 | 2025-03-31 | 15.22% | +3.91 pp |
| Q4 2024 | 2024-12-31 | 9.00% | −1.52 pp |
| Q3 2024 | 2024-09-30 | 14.33% | +3.85 pp |
| Q2 2024 | 2024-06-30 | 12.78% | +0.65 pp |
| Q1 2024 | 2024-03-31 | 11.32% | −2.30 pp |
| Q4 2023 | 2023-12-31 | 10.52% | +2.61 pp |
| Q3 2023 | 2023-09-30 | 10.48% | +1.48 pp |
| Q2 2023 | 2023-06-30 | 12.13% | +1.71 pp |
| Q1 2023 | 2023-03-31 | 13.62% | +2.52 pp |
| Q4 2022 | 2022-12-31 | 7.90% | +3.00 pp |
| Q3 2022 | 2022-09-30 | 9.00% | −0.76 pp |
| Q2 2022 | 2022-06-30 | 10.42% | −2.18 pp |
| Q1 2022 | 2022-03-31 | 11.10% | +21.63 pp |
| Q4 2021 | 2021-12-31 | 4.90% | −5.33 pp |
| Q3 2021 | 2021-09-30 | 9.76% | −0.43 pp |
| Q2 2021 | 2021-06-30 | 12.60% | +4.22 pp |
| Q1 2021 | 2021-03-31 | −10.53% | −20.45 pp |
| Q4 2020 | 2020-12-31 | 10.23% | −0.74 pp |
| Q3 2020 | 2020-09-30 | 10.19% | −0.30 pp |
| Q2 2020 | 2020-06-30 | 8.38% | −2.46 pp |
| Q1 2020 | 2020-03-31 | 9.92% | −0.57 pp |
| Q4 2019 | 2019-12-31 | 10.97% | +2.54 pp |
| Q3 2019 | 2019-09-30 | 10.48% | −0.21 pp |
| Q2 2019 | 2019-06-30 | 10.84% | −2.06 pp |
| Q1 2019 | 2019-03-31 | 10.48% | −2.93 pp |
| Q4 2018 | 2018-12-31 | 8.43% | −2.49 pp |
| Q3 2018 | 2018-09-30 | 10.69% | −4.87 pp |
| Q2 2018 | 2018-06-30 | 12.90% | −1.51 pp |
| Q1 2018 | 2018-03-31 | 13.41% | +0.13 pp |
| Q4 2017 | 2017-12-31 | 10.92% | −0.35 pp |
| Q3 2017 | 2017-09-30 | 15.56% | +5.50 pp |
| Q2 2017 | 2017-06-30 | 14.41% | +5.06 pp |
| Q1 2017 | 2017-03-31 | 13.28% | +3.06 pp |
| Q4 2012 | 2012-12-31 | 11.27% | +0.52 pp |
| Q3 2012 | 2012-09-30 | 10.05% | +1.31 pp |
| Q2 2012 | 2012-06-30 | 9.35% | +0.84 pp |
| Q1 2012 | 2012-03-31 | 10.23% | −5.35 pp |
| Q4 2011 | 2011-12-31 | 10.75% | +3.49 pp |
| Q3 2011 | 2011-09-30 | 8.75% | +0.06 pp |
| Q2 2011 | 2011-06-30 | 8.51% | +0.89 pp |
| Q1 2011 | 2011-03-31 | 15.58% | +7.92 pp |
| Q4 2010 | 2010-12-31 | 7.26% | −1.79 pp |
| Q3 2010 | 2010-09-30 | 8.69% | +16.72 pp |
| Q2 2010 | 2010-06-30 | 7.63% | — |
| Q1 2010 | 2010-03-31 | 7.66% | — |
| Q3 2009 | 2009-09-30 | 9.05% | — |
| Q2 2009 | 2009-06-30 | −8.03% | — |
Ingredion operating margin trends
Over the last five reported fiscal years, Ingredion's operating margin increased from 9.72% to 14.07%, a change of +4.35 percentage points. The latest reported quarter, Q2 2026, shows 10.16%.
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 Ingredion filings at SEC.gov ↗