Manchester United annual operating margin
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Manchester United Operating Margin Growth & History (MANU)
Manchester United's operating margin was −2.77% for fiscal 2025.
View full Manchester United company overviewManchester United annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-06-30 | −2.77% | +7.72 pp |
| 2024 | 2024-06-30 | −10.48% | −8.76 pp |
| 2023 | 2023-06-30 | −1.72% | +13.26 pp |
| 2022 | 2022-06-30 | −14.98% | −7.51 pp |
| 2021 | 2021-06-30 | −7.47% | −8.50 pp |
| 2020 | 2020-06-30 | 1.03% | −6.94 pp |
| 2019 | 2019-06-30 | 7.97% | +0.54 pp |
| 2018 | 2018-06-30 | 7.44% | −6.48 pp |
| 2017 | 2017-06-30 | 13.91% | +0.55 pp |
| 2016 | 2016-06-30 | 13.36% | — |
Manchester United quarterly operating margin
Q2.18
Q2.19
Q2.20
Q2.21
Q2.22
Q2.23
Q2.24
Q2.25
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2025-12-31 | 10.27% | +7.36 pp |
| Q2 2025 | 2024-12-31 | 1.53% | −26.51 pp |
| Q2 2024 | 2023-12-31 | 12.18% | −9.48 pp |
| Q2 2023 | 2022-12-31 | −1.71% | −22.80 pp |
| Q2 2022 | 2021-12-31 | 2.91% | −20.86 pp |
| Q2 2021 | 2020-12-31 | 28.04% | — |
| Q2 2020 | 2019-12-31 | 21.66% | — |
| Q2 2019 | 2018-12-31 | 21.09% | — |
| Q2 2018 | 2017-12-31 | 23.77% | — |
Manchester United operating margin trends
Over the last five reported fiscal years, Manchester United's operating margin decreased from 1.03% to −2.77%, a change of −3.79 percentage points. The latest reported quarter, Q2 2026, shows 10.27%.
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 Manchester United filings at SEC.gov ↗