Puma SE annual operating margin
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Puma SE Operating Margin Growth & History (PUM)
Puma SE's operating margin was −4.51% for fiscal 2025.
View full Puma SE company overviewPuma SE annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −4.51% | −11.56 pp |
| 2024 | 2024-12-31 | 7.05% | −0.17 pp |
| 2023 | 2023-12-31 | 7.23% | −0.34 pp |
| 2022 | 2022-12-31 | 7.57% | −0.62 pp |
| 2021 | 2021-12-31 | 8.19% | +4.19 pp |
| 2020 | 2020-12-31 | 3.99% | −4.01 pp |
| 2019 | 2019-12-31 | 8.00% | +0.74 pp |
| 2018 | 2018-12-31 | 7.26% | +1.34 pp |
| 2017 | 2017-12-31 | 5.91% | +2.40 pp |
| 2016 | 2016-12-31 | 3.52% | +0.68 pp |
| 2015 | 2015-12-31 | 2.84% | −1.47 pp |
| 2014 | 2014-12-31 | 4.31% | +2.22 pp |
| 2013 | 2013-12-31 | 2.09% | −1.37 pp |
| 2012 | 2012-12-31 | 3.46% | −7.29 pp |
| 2011 | 2011-12-31 | 10.75% | −0.44 pp |
| 2010 | 2010-12-31 | 11.20% | — |
Puma SE quarterly operating margin
Q1.25
Q2.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −2.48% | −1.18 pp |
| Q1 2026 | 2026-03-31 | 2.78% | +0.60 pp |
| Q4 2025 | 2025-12-31 | −26.22% | — |
| Q2 2025 | 2025-06-30 | −1.30% | — |
| Q1 2025 | 2025-03-31 | 2.18% | — |
Puma SE operating margin trends
Over the last five fiscal years, Puma SE's operating margin decreased from 3.99% to −4.51%, a change of −8.50 percentage points. The latest reported quarter, Q2 2026, shows −2.48%.
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 reported operating income divided by 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 Puma SE source filings ↗Community posts
Puma narrows its annual loss forecast as sales decline and inventories fall
Puma ($PUM) narrowed its forecast for the 2026 operating loss to €80–130 million, compared with the previous €50–150 million range. Third-quarter sales fell 6.3% at constant currencies to €1.776 billion as its business reset and softer dema ...
