Phillips 66 annual operating margin
2022
2023
2024
2025
Phillips 66 Operating Margin Growth & History (PSX)
Phillips 66's operating margin was 2.55% for fiscal 2025.
View full Phillips 66 company overviewPhillips 66 annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 2.55% | +1.33 pp |
| 2024 | 2024-12-31 | 1.22% | −4.17 pp |
| 2023 | 2023-12-31 | 5.39% | −0.27 pp |
| 2022 | 2022-12-31 | 5.66% | — |
Phillips 66 quarterly operating margin
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 8.39% | +4.82 pp |
| Q1 2026 | 2026-03-31 | 0.35% | — |
| Q4 2025 | 2025-12-31 | 4.75% | — |
| Q3 2025 | 2025-09-30 | 2.80% | — |
| Q2 2025 | 2025-06-30 | 3.57% | — |
Phillips 66 operating margin trends
Between the periods ended 2022-12-31 and 2025-12-31, Phillips 66's operating margin decreased from 5.66% to 2.55%, a change of −3.11 percentage points. The latest reported quarter, Q2 2026, shows 8.39%.
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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