National CineMedia annual operating margin
2009
2010
2011
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2014
2015
2016
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2021
2022
2023
2024
2025
National CineMedia Operating Margin Growth & History (NCMI)
National CineMedia's operating margin was −5.72% for fiscal 2025.
View full National CineMedia company overviewNational CineMedia annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-01 | −5.72% | +2.38 pp |
| 2024 | 2024-12-26 | −8.10% | +8.43 pp |
| 2023 | 2023-12-28 | −16.53% | −19.29 pp |
| 2022 | 2022-12-29 | 2.77% | +62.63 pp |
| 2021 | 2021-12-30 | −59.86% | +7.62 pp |
| 2020 | 2020-12-31 | −67.48% | −103.74 pp |
| 2019 | 2019-12-26 | 36.26% | +1.31 pp |
| 2018 | 2018-12-27 | 34.96% | −1.16 pp |
| 2017 | 2017-12-28 | 36.12% | −2.53 pp |
| 2016 | 2016-12-29 | 38.65% | +5.50 pp |
| 2015 | 2015-12-31 | 33.15% | −5.36 pp |
| 2014 | 2015-01-01 | 38.50% | −5.14 pp |
| 2013 | 2013-12-26 | 43.65% | +0.91 pp |
| 2012 | 2012-12-27 | 42.74% | −1.75 pp |
| 2011 | 2011-12-29 | 44.49% | −0.10 pp |
| 2010 | 2010-12-30 | 44.58% | +0.40 pp |
| 2009 | 2009-12-31 | 44.18% | — |
National CineMedia quarterly operating margin
Q2.10
Q3.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
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Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q1.14
Q2.14
Q3.14
Q4.14
Q2.17
Q3.17
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
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Q4.21
Q1.22
Q2.22
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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 | 2026-07-02 | −21.92% | +1.25 pp |
| Q1 2026 | 2026-04-02 | −79.12% | −10.64 pp |
| Q4 2025 | 2026-01-01 | 25.56% | +2.39 pp |
| Q3 2025 | 2025-09-25 | −2.84% | +9.18 pp |
| Q2 2025 | 2025-06-26 | −23.17% | −6.16 pp |
| Q1 2025 | 2025-03-27 | −68.48% | −7.79 pp |
| Q4 2024 | 2024-12-26 | 23.17% | +0.60 pp |
| Q3 2024 | 2024-09-26 | −12.02% | +37.78 pp |
| Q2 2024 | 2024-06-27 | −17.00% | +16.11 pp |
| Q1 2024 | 2024-03-28 | −60.70% | +26.98 pp |
| Q4 2023 | 2023-12-28 | 22.58% | −7.96 pp |
| Q3 2023 | 2023-09-28 | −49.80% | −42.09 pp |
| Q2 2023 | 2023-06-29 | −33.11% | −41.45 pp |
| Q1 2023 | 2023-03-30 | −87.68% | −25.00 pp |
| Q4 2022 | 2022-12-29 | 30.53% | +17.94 pp |
| Q3 2022 | 2022-09-29 | −7.71% | +51.28 pp |
| Q2 2022 | 2022-06-30 | 8.35% | +219.77 pp |
| Q1 2022 | 2022-03-31 | −62.67% | +461.40 pp |
| Q4 2021 | 2021-12-30 | 12.60% | +145.08 pp |
| Q3 2021 | 2021-09-30 | −58.99% | +296.01 pp |
| Q2 2021 | 2021-07-01 | −211.43% | +383.57 pp |
| Q1 2021 | 2021-04-01 | −524.07% | −531.65 pp |
| Q4 2020 | 2020-12-31 | −132.48% | −181.87 pp |
| Q3 2020 | 2020-09-24 | −355.00% | −391.20 pp |
| Q2 2020 | 2020-06-25 | −595.00% | −629.21 pp |
| Q1 2020 | 2020-03-26 | 7.57% | −6.60 pp |
| Q4 2019 | 2019-12-26 | 49.39% | +5.14 pp |
| Q3 2019 | 2019-09-26 | 36.20% | −2.22 pp |
| Q2 2019 | 2019-06-27 | 34.21% | −1.15 pp |
| Q1 2019 | 2019-03-28 | 14.17% | +0.46 pp |
| Q4 2018 | 2018-12-27 | 44.25% | +1.04 pp |
| Q3 2018 | 2018-09-27 | 38.42% | +9.27 pp |
| Q2 2018 | 2018-06-28 | 35.36% | −11.68 pp |
| Q1 2018 | 2018-03-29 | 13.72% | −26.66 pp |
| Q3 2017 | 2017-09-28 | 43.21% | +2.87 pp |
| Q2 2017 | 2017-06-29 | 29.15% | +10.91 pp |
| Q4 2014 | 2015-01-01 | 47.03% | +2.21 pp |
| Q3 2014 | 2014-09-25 | 40.38% | −9.51 pp |
| Q2 2014 | 2014-06-26 | 40.34% | −6.89 pp |
| Q1 2014 | 2014-03-27 | 18.23% | −8.04 pp |
| Q4 2013 | 2013-12-26 | 44.82% | +0.48 pp |
| Q3 2013 | 2013-09-26 | 49.89% | −4.46 pp |
| Q2 2013 | 2013-06-27 | 47.23% | +6.09 pp |
| Q1 2013 | 2013-03-28 | 26.28% | +4.79 pp |
| Q4 2012 | 2012-12-27 | 44.35% | −3.21 pp |
| Q3 2012 | 2012-09-27 | 54.35% | −0.06 pp |
| Q2 2012 | 2012-06-28 | 41.14% | −2.89 pp |
| Q1 2012 | 2012-03-29 | 21.49% | +0.31 pp |
| Q4 2011 | 2011-12-29 | 47.56% | −5.82 pp |
| Q3 2011 | 2011-09-29 | 54.41% | +10.72 pp |
| Q2 2011 | 2011-06-30 | 44.04% | — |
| Q1 2011 | 2011-03-31 | 21.19% | — |
| Q3 2010 | 2010-09-30 | 53.38% | — |
| Q2 2010 | 2010-07-01 | 43.69% | — |
National CineMedia operating margin trends
Over the last five reported fiscal years, National CineMedia's operating margin increased from −67.48% to −5.72%, a change of +61.76 percentage points. The latest reported quarter, Q2 2026, shows −21.92%.
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 National CineMedia filings at SEC.gov ↗