Macerich annual operating margin
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2025
Macerich Operating Margin Growth & History (MAC)
Macerich's operating margin was −11.42% for fiscal 2025.
View full Macerich company overviewMacerich annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −11.42% | −7.00 pp |
| 2024 | 2024-12-31 | −4.42% | −5.87 pp |
| 2023 | 2023-12-31 | 1.46% | +9.23 pp |
| 2022 | 2022-12-31 | −7.78% | +0.28 pp |
| 2021 | 2021-12-31 | −8.06% | −9.66 pp |
| 2020 | 2020-12-31 | 1.60% | −5.69 pp |
| 2019 | 2019-12-31 | 7.28% | +4.64 pp |
| 2018 | 2018-12-31 | 2.65% | −3.68 pp |
| 2017 | 2017-12-31 | 6.33% | −2.95 pp |
| 2016 | 2016-12-31 | 9.28% | +2.61 pp |
| 2015 | 2015-12-31 | 6.68% | +1.70 pp |
| 2014 | 2014-12-31 | 4.97% | +2.50 pp |
| 2013 | 2013-12-31 | 2.47% | +2.78 pp |
| 2012 | 2012-12-31 | −0.31% | +4.59 pp |
| 2011 | 2011-12-31 | −4.89% | +1.33 pp |
| 2010 | 2010-12-31 | −6.22% | +0.26 pp |
| 2009 | 2009-12-31 | −6.48% | −9.29 pp |
| 2008 | 2008-12-31 | 2.82% | — |
Macerich quarterly operating margin
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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 | −11.10% | +1.22 pp |
| Q1 2026 | 2026-03-31 | −15.12% | −0.19 pp |
| Q4 2025 | 2025-12-31 | −7.64% | −9.52 pp |
| Q3 2025 | 2025-09-30 | −10.99% | −1.90 pp |
| Q2 2025 | 2025-06-30 | −12.32% | −11.20 pp |
| Q1 2025 | 2025-03-31 | −14.92% | −3.76 pp |
| Q4 2024 | 2024-12-31 | 1.88% | −17.31 pp |
| Q3 2024 | 2024-09-30 | −9.09% | −2.88 pp |
| Q2 2024 | 2024-06-30 | −1.11% | +7.06 pp |
| Q1 2024 | 2024-03-31 | −11.16% | −10.21 pp |
| Q4 2023 | 2023-12-31 | 19.19% | +23.09 pp |
| Q3 2023 | 2023-09-30 | −6.21% | +3.95 pp |
| Q2 2023 | 2023-06-30 | −8.17% | +3.40 pp |
| Q1 2023 | 2023-03-31 | −0.95% | +5.02 pp |
| Q4 2022 | 2022-12-31 | −3.90% | −1.56 pp |
| Q3 2022 | 2022-09-30 | −10.15% | −8.38 pp |
| Q2 2022 | 2022-06-30 | −11.57% | −5.51 pp |
| Q1 2022 | 2022-03-31 | −5.97% | +18.25 pp |
| Q4 2021 | 2021-12-31 | −2.34% | −6.49 pp |
| Q3 2021 | 2021-09-30 | −1.78% | +9.41 pp |
| Q2 2021 | 2021-06-30 | −6.06% | −0.34 pp |
| Q1 2021 | 2021-03-31 | −24.22% | −39.85 pp |
| Q4 2020 | 2020-12-31 | 4.15% | −0.65 pp |
| Q3 2020 | 2020-09-30 | −11.19% | −26.87 pp |
| Q2 2020 | 2020-06-30 | −5.72% | −12.92 pp |
| Q1 2020 | 2020-03-31 | 15.63% | +14.19 pp |
| Q4 2019 | 2019-12-31 | 4.80% | −4.24 pp |
| Q3 2019 | 2019-09-30 | 15.68% | +8.91 pp |
| Q2 2019 | 2019-06-30 | 7.21% | +5.76 pp |
| Q1 2019 | 2019-03-31 | 1.44% | +8.49 pp |
| Q4 2018 | 2018-12-31 | 9.04% | +0.14 pp |
| Q3 2018 | 2018-09-30 | 6.77% | +1.37 pp |
| Q2 2018 | 2018-06-30 | 1.45% | −5.48 pp |
| Q1 2018 | 2018-03-31 | −7.05% | −11.01 pp |
| Q4 2017 | 2017-12-31 | 8.90% | −3.60 pp |
| Q3 2017 | 2017-09-30 | 5.41% | −4.53 pp |
| Q2 2017 | 2017-06-30 | 6.93% | −3.70 pp |
| Q1 2017 | 2017-03-31 | 3.96% | +0.11 pp |
| Q4 2016 | 2016-12-31 | 12.50% | −1.42 pp |
| Q3 2016 | 2016-09-30 | 9.93% | +0.45 pp |
| Q2 2016 | 2016-06-30 | 10.63% | +6.33 pp |
| Q1 2016 | 2016-03-31 | 3.85% | +4.94 pp |
| Q4 2015 | 2015-12-31 | 13.92% | +7.95 pp |
| Q3 2015 | 2015-09-30 | 9.48% | +4.28 pp |
| Q2 2015 | 2015-06-30 | 4.30% | −0.76 pp |
| Q1 2015 | 2015-03-31 | −1.08% | −4.54 pp |
| Q4 2014 | 2014-12-31 | 5.97% | −0.48 pp |
| Q3 2014 | 2014-09-30 | 5.20% | +2.19 pp |
| Q2 2014 | 2014-06-30 | 5.05% | +4.78 pp |
| Q1 2014 | 2014-03-31 | 3.45% | +3.93 pp |
| Q4 2013 | 2013-12-31 | 6.45% | −11.60 pp |
| Q3 2013 | 2013-09-30 | 3.01% | +4.81 pp |
| Q2 2013 | 2013-06-30 | 0.27% | +10.45 pp |
| Q1 2013 | 2013-03-31 | −0.48% | +10.96 pp |
| Q4 2012 | 2012-12-31 | 18.04% | +15.85 pp |
| Q3 2012 | 2012-09-30 | −1.80% | −0.48 pp |
| Q2 2012 | 2012-06-30 | −10.18% | −6.06 pp |
| Q1 2012 | 2012-03-31 | −11.44% | +3.71 pp |
| Q4 2011 | 2011-12-31 | 2.20% | −1.23 pp |
| Q3 2011 | 2011-09-30 | −1.32% | +5.45 pp |
| Q2 2011 | 2011-06-30 | −4.11% | +4.31 pp |
| Q1 2011 | 2011-03-31 | −15.16% | −2.51 pp |
| Q4 2010 | 2010-12-31 | 3.43% | — |
| Q3 2010 | 2010-09-30 | −6.77% | +1.79 pp |
| Q2 2010 | 2010-06-30 | −8.43% | −1.33 pp |
| Q1 2010 | 2010-03-31 | −12.65% | — |
| Q3 2009 | 2009-09-30 | −8.56% | — |
| Q2 2009 | 2009-06-30 | −7.10% | — |
Macerich operating margin trends
Over the last five fiscal years, Macerich's operating margin decreased from 1.60% to −11.42%, a change of −13.01 percentage points. The latest reported quarter, Q2 2026, shows −11.10%.
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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