Spire annual operating margin
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2025
Spire Operating Margin Growth & History (SR)
Spire's operating margin was 21.16% for fiscal 2025.
View full Spire company overviewSpire annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 21.16% | +2.32 pp |
| 2024 | 2024-09-30 | 18.83% | +3.13 pp |
| 2023 | 2023-09-30 | 15.70% | −2.87 pp |
| 2022 | 2022-09-30 | 18.57% | −1.57 pp |
| 2021 | 2021-09-30 | 20.14% | +9.01 pp |
| 2020 | 2020-09-30 | 11.12% | −4.36 pp |
| 2019 | 2019-09-30 | 15.48% | +0.52 pp |
| 2018 | 2018-09-30 | 14.97% | −4.62 pp |
| 2017 | 2017-09-30 | 19.58% | +1.22 pp |
| 2016 | 2016-09-30 | 18.36% | +4.58 pp |
| 2015 | 2015-09-30 | 13.79% | +3.56 pp |
| 2014 | 2014-09-30 | 10.23% | +0.74 pp |
| 2013 | 2013-09-30 | 9.49% | −0.34 pp |
| 2012 | 2012-09-30 | 9.83% | +2.33 pp |
| 2011 | 2011-09-30 | 7.50% | +1.46 pp |
| 2010 | 2010-09-30 | 6.04% | −0.55 pp |
| 2009 | 2009-09-30 | 6.60% | +1.56 pp |
| 2008 | 2008-09-30 | 5.04% | — |
Spire quarterly operating margin
Q2.09
Q3.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
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
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
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 | 2026-03-31 | 29.75% | +3.32 pp |
| Q1 2026 | 2025-12-31 | 22.76% | +0.52 pp |
| Q4 2025 | 2025-09-30 | 8.38% | +1.64 pp |
| Q3 2025 | 2025-06-30 | 16.40% | +8.99 pp |
| Q2 2025 | 2025-03-31 | 26.43% | −0.03 pp |
| Q1 2025 | 2024-12-31 | 22.24% | +3.84 pp |
| Q4 2024 | 2024-09-30 | 6.74% | +8.00 pp |
| Q3 2024 | 2024-06-30 | 7.41% | +4.55 pp |
| Q2 2024 | 2024-03-31 | 26.46% | +3.29 pp |
| Q1 2024 | 2023-12-31 | 18.40% | −0.05 pp |
| Q4 2023 | 2023-09-30 | −1.26% | −19.71 pp |
| Q3 2023 | 2023-06-30 | 2.87% | −5.59 pp |
| Q2 2023 | 2023-03-31 | 23.17% | −4.66 pp |
| Q1 2023 | 2022-12-31 | 18.45% | +1.29 pp |
| Q4 2022 | 2022-09-30 | 18.45% | +1.29 pp |
| Q3 2022 | 2022-06-30 | 8.46% | −1.67 pp |
| Q2 2022 | 2022-03-31 | 27.84% | +4.54 pp |
| Q1 2022 | 2021-12-31 | 17.16% | −8.77 pp |
| Q4 2021 | 2021-09-30 | 17.16% | +17.12 pp |
| Q3 2021 | 2021-06-30 | 10.13% | +43.30 pp |
| Q2 2021 | 2021-03-31 | 23.30% | −6.12 pp |
| Q1 2021 | 2020-12-31 | 25.93% | +7.88 pp |
| Q4 2020 | 2020-09-30 | 0.04% | +11.39 pp |
| Q3 2020 | 2020-06-30 | −33.17% | −37.31 pp |
| Q2 2020 | 2020-03-31 | 29.42% | +3.35 pp |
| Q1 2020 | 2019-12-31 | 18.05% | +0.59 pp |
| Q4 2019 | 2019-09-30 | −11.35% | −3.45 pp |
| Q3 2019 | 2019-06-30 | 4.14% | −12.66 pp |
| Q2 2019 | 2019-03-31 | 26.07% | +7.62 pp |
| Q1 2019 | 2018-12-31 | 17.46% | −1.05 pp |
| Q4 2018 | 2018-09-30 | −7.90% | −16.06 pp |
| Q3 2018 | 2018-06-30 | 16.80% | +1.25 pp |
| Q2 2018 | 2018-03-31 | 18.45% | −8.74 pp |
| Q1 2018 | 2017-12-31 | 18.51% | +0.52 pp |
| Q4 2017 | 2017-09-30 | 8.16% | +10.91 pp |
| Q3 2017 | 2017-06-30 | 15.55% | +1.39 pp |
| Q2 2017 | 2017-03-31 | 27.19% | −0.33 pp |
| Q1 2017 | 2016-12-31 | 18.00% | −3.79 pp |
| Q4 2016 | 2016-09-30 | −2.76% | +1.41 pp |
| Q3 2016 | 2016-06-30 | 14.16% | +1.08 pp |
| Q2 2016 | 2016-03-31 | 27.52% | +9.55 pp |
| Q1 2016 | 2015-12-31 | 21.78% | +7.69 pp |
| Q4 2015 | 2015-09-30 | −4.16% | −0.38 pp |
| Q3 2015 | 2015-06-30 | 13.08% | +2.87 pp |
| Q2 2015 | 2015-03-31 | 17.97% | +5.42 pp |
| Q1 2015 | 2014-12-31 | 14.09% | +0.67 pp |
| Q4 2014 | 2014-09-30 | −3.78% | +2.84 pp |
| Q3 2014 | 2014-06-30 | 10.22% | +2.77 pp |
| Q2 2014 | 2014-03-31 | 12.56% | −0.48 pp |
| Q1 2014 | 2013-12-31 | 13.42% | −0.29 pp |
| Q4 2013 | 2013-09-30 | −6.62% | −7.72 pp |
| Q3 2013 | 2013-06-30 | 7.44% | −0.61 pp |
| Q2 2013 | 2013-03-31 | 13.04% | −1.08 pp |
| Q1 2013 | 2012-12-31 | 13.71% | +3.22 pp |
| Q4 2012 | 2012-09-30 | 1.10% | +0.36 pp |
| Q3 2012 | 2012-06-30 | 8.05% | +0.57 pp |
| Q2 2012 | 2012-03-31 | 14.12% | +4.94 pp |
| Q1 2012 | 2011-12-31 | 10.49% | +1.32 pp |
| Q4 2011 | 2011-09-30 | 0.74% | +0.36 pp |
| Q3 2011 | 2011-06-30 | 7.48% | +3.52 pp |
| Q2 2011 | 2011-03-31 | 9.18% | +1.27 pp |
| Q1 2011 | 2010-12-31 | 9.17% | +0.89 pp |
| Q4 2010 | 2010-09-30 | 0.37% | −4.85 pp |
| Q3 2010 | 2010-06-30 | 3.97% | −4.42 pp |
| Q2 2010 | 2010-03-31 | 7.91% | — |
| Q1 2010 | 2009-12-31 | 8.28% | — |
| Q3 2009 | 2009-06-30 | 5.23% | — |
| Q2 2009 | 2009-03-31 | 8.38% | — |
Spire operating margin trends
Over the last five reported fiscal years, Spire's operating margin increased from 11.12% to 21.16%, a change of +10.03 percentage points. The latest reported quarter, Q2 2026, shows 29.75%.
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 Spire filings at SEC.gov ↗