Constellation Brands annual operating margin
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2025
Constellation Brands Operating Margin Growth & History (STZ)
Constellation Brands's operating margin was 29.78% for fiscal 2025.
View full Constellation Brands company overviewConstellation Brands annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-02-28 | 29.78% | +26.30 pp |
| 2024 | 2025-02-28 | 3.48% | −28.34 pp |
| 2023 | 2024-02-29 | 31.82% | +1.74 pp |
| 2022 | 2023-02-28 | 30.08% | +3.64 pp |
| 2021 | 2022-02-28 | 26.43% | −5.96 pp |
| 2020 | 2021-02-28 | 32.40% | +6.58 pp |
| 2019 | 2020-02-29 | 25.82% | −3.90 pp |
| 2018 | 2019-02-28 | 29.72% | −0.35 pp |
| 2017 | 2018-02-28 | 30.08% | −2.56 pp |
| 2016 | 2017-02-28 | 32.63% | +8.20 pp |
| 2015 | 2016-02-29 | 24.43% | +1.95 pp |
| 2014 | 2015-02-28 | 22.48% | −22.57 pp |
| 2013 | 2014-02-28 | 45.05% | +28.56 pp |
| 2012 | 2013-02-28 | 16.49% | +0.16 pp |
| 2011 | 2012-02-29 | 16.33% | +4.06 pp |
| 2010 | 2011-02-28 | 12.27% | +4.87 pp |
| 2009 | 2010-02-28 | 7.39% | +6.77 pp |
| 2008 | 2009-02-28 | 0.63% | — |
Constellation Brands quarterly operating margin
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Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-31 | 34.75% | +6.37 pp |
| Q4 2025 | 2026-02-28 | 23.00% | +29.94 pp |
| Q3 2025 | 2025-11-30 | 31.13% | −1.05 pp |
| Q2 2025 | 2025-08-31 | 35.23% | +77.35 pp |
| Q1 2025 | 2025-05-31 | 28.38% | −6.99 pp |
| Q4 2024 | 2025-02-28 | −6.94% | −36.37 pp |
| Q3 2024 | 2024-11-30 | 32.19% | −0.07 pp |
| Q2 2024 | 2024-08-31 | −42.12% | −76.62 pp |
| Q1 2024 | 2024-05-31 | 35.37% | +4.97 pp |
| Q4 2023 | 2024-02-29 | 29.42% | +6.06 pp |
| Q3 2023 | 2023-11-30 | 32.25% | +1.60 pp |
| Q2 2023 | 2023-08-31 | 34.50% | +3.88 pp |
| Q1 2023 | 2023-05-31 | 30.41% | −4.14 pp |
| Q4 2022 | 2023-02-28 | 23.36% | −8.86 pp |
| Q3 2022 | 2022-11-30 | 30.65% | −5.55 pp |
| Q2 2022 | 2022-08-31 | 30.62% | −0.55 pp |
| Q1 2022 | 2022-05-31 | 34.55% | +30.84 pp |
| Q4 2021 | 2022-02-28 | 32.22% | +3.59 pp |
| Q3 2021 | 2021-11-30 | 36.19% | +4.07 pp |
| Q2 2021 | 2021-08-31 | 31.18% | −5.93 pp |
| Q1 2021 | 2021-05-31 | 3.71% | −27.36 pp |
| Q4 2020 | 2021-02-28 | 28.64% | −0.01 pp |
| Q3 2020 | 2020-11-30 | 32.12% | +18.76 pp |
| Q2 2020 | 2020-08-31 | 37.10% | +6.41 pp |
| Q1 2020 | 2020-05-31 | 31.07% | +1.38 pp |
| Q4 2019 | 2020-02-29 | 28.65% | +2.76 pp |
| Q3 2019 | 2019-11-30 | 13.36% | −14.85 pp |
| Q2 2019 | 2019-08-31 | 30.70% | −2.58 pp |
| Q1 2019 | 2019-05-31 | 29.69% | −0.86 pp |
| Q4 2018 | 2019-02-28 | 25.89% | −3.16 pp |
| Q3 2018 | 2018-11-30 | 28.21% | +1.04 pp |
| Q2 2018 | 2018-08-31 | 33.27% | −1.08 pp |
| Q1 2018 | 2018-05-31 | 30.55% | +1.46 pp |
| Q4 2017 | 2018-02-28 | 29.05% | −36.64 pp |
| Q3 2017 | 2017-11-30 | 27.17% | +0.37 pp |
| Q2 2017 | 2017-08-31 | 34.36% | +6.87 pp |
| Q1 2017 | 2017-05-31 | 29.10% | +2.17 pp |
| Q4 2016 | 2017-02-28 | 65.68% | +41.51 pp |
| Q3 2016 | 2016-11-30 | 26.80% | +2.12 pp |
| Q2 2016 | 2016-08-31 | 27.48% | +2.42 pp |
| Q1 2016 | 2016-05-31 | 26.92% | +3.16 pp |
| Q4 2015 | 2016-02-29 | 24.18% | +0.70 pp |
| Q3 2015 | 2015-11-30 | 24.68% | +2.70 pp |
| Q2 2015 | 2015-08-31 | 25.06% | +3.67 pp |
| Q1 2015 | 2015-05-31 | 23.77% | +0.52 pp |
| Q4 2014 | 2015-02-28 | 23.48% | +0.57 pp |
| Q3 2014 | 2014-11-30 | 21.98% | −0.85 pp |
| Q2 2014 | 2014-08-31 | 21.40% | −82.37 pp |
| Q1 2014 | 2014-05-31 | 23.25% | +14.05 pp |
| Q4 2013 | 2014-02-28 | 22.91% | +6.74 pp |
| Q3 2013 | 2013-11-30 | 22.83% | +4.37 pp |
| Q2 2013 | 2013-08-31 | 103.76% | +87.39 pp |
| Q1 2013 | 2013-05-31 | 9.20% | −5.43 pp |
| Q4 2012 | 2013-02-28 | 16.17% | +4.97 pp |
| Q3 2012 | 2012-11-30 | 18.46% | −1.86 pp |
| Q2 2012 | 2012-08-31 | 16.37% | −2.46 pp |
| Q1 2012 | 2012-05-31 | 14.63% | +0.32 pp |
| Q4 2011 | 2012-02-29 | 11.20% | −0.60 pp |
| Q3 2011 | 2011-11-30 | 20.32% | +6.04 pp |
| Q2 2011 | 2011-08-31 | 18.83% | +6.23 pp |
| Q1 2011 | 2011-05-31 | 14.31% | +4.45 pp |
| Q4 2010 | 2011-02-28 | 11.80% | — |
| Q3 2010 | 2010-11-30 | 14.28% | +3.17 pp |
| Q2 2010 | 2010-08-31 | 12.60% | −0.24 pp |
| Q1 2010 | 2010-05-31 | 9.86% | — |
| Q3 2009 | 2009-11-30 | 11.11% | — |
| Q2 2009 | 2009-08-31 | 12.84% | — |
Constellation Brands operating margin trends
Over the last five fiscal years, Constellation Brands's operating margin decreased from 32.40% to 29.78%, a change of −2.62 percentage points. The latest reported quarter, Q1 2026, shows 34.75%.
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 Constellation Brands source filings ↗