Under Armour annual operating margin
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2026
Under Armour Operating Margin Growth & History (UAA)
Under Armour's operating margin was −3.28% for fiscal 2026.
View full Under Armour company overviewUnder Armour annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-03-31 | −3.28% | +0.30 pp |
| 2025 | 2025-03-31 | −3.59% | −7.62 pp |
| 2024 | 2024-03-31 | 4.03% | −0.44 pp |
| 2023 | 2023-03-31 | 4.47% | −3.90 pp |
| 2021 | 2021-12-31 | 8.36% | +22.07 pp |
| 2020 | 2020-12-31 | −13.71% | −18.20 pp |
| 2019 | 2019-12-31 | 4.50% | +4.98 pp |
| 2018 | 2018-12-31 | −0.48% | −1.04 pp |
| 2017 | 2017-12-31 | 0.56% | −8.08 pp |
| 2016 | 2016-12-31 | 8.64% | −1.67 pp |
| 2015 | 2015-12-31 | 10.31% | −1.50 pp |
| 2014 | 2014-12-31 | 11.81% | −0.92 pp |
| 2013 | 2013-12-31 | 12.73% | +0.08 pp |
| 2012 | 2012-12-31 | 12.65% | +0.37 pp |
| 2011 | 2011-12-31 | 12.28% | +1.31 pp |
| 2010 | 2010-12-31 | 10.97% | +0.61 pp |
| 2009 | 2009-12-31 | 10.36% | — |
Under Armour quarterly operating margin
Q2.10
Q3.10
Q1.11
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Q4.12
Q1.13
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Q1.21
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Q1.22
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Q1.24
Q2.24
Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-06-30 | 4.26% | +3.96 pp |
| Q4 2026 | 2026-03-31 | −2.88% | +3.23 pp |
| Q3 2026 | 2025-12-31 | −11.28% | −12.24 pp |
| Q2 2026 | 2025-09-30 | 1.28% | −11.09 pp |
| Q1 2026 | 2025-06-30 | 0.29% | +25.62 pp |
| Q4 2025 | 2025-03-31 | −6.11% | −5.84 pp |
| Q3 2025 | 2024-12-31 | 0.96% | −3.84 pp |
| Q2 2025 | 2024-09-30 | 12.37% | +3.47 pp |
| Q1 2025 | 2024-06-30 | −25.32% | −27.02 pp |
| Q4 2024 | 2024-03-31 | −0.27% | −1.34 pp |
| Q3 2024 | 2023-12-31 | 4.81% | −1.18 pp |
| Q2 2024 | 2023-09-30 | 8.90% | +1.32 pp |
| Q1 2024 | 2023-06-30 | 1.70% | −0.85 pp |
| Q4 2023 | 2023-03-31 | 1.08% | +4.61 pp |
| Q3 2023 | 2022-12-31 | 5.98% | +0.35 pp |
| Q3 2022 | 2022-09-30 | 7.59% | −3.55 pp |
| Q2 2022 | 2022-06-30 | 2.56% | −6.41 pp |
| Q1 2022 | 2022-03-31 | −3.53% | −12.03 pp |
| Q4 2021 | 2021-12-31 | 5.63% | +1.65 pp |
| Q3 2021 | 2021-09-30 | 11.13% | +7.05 pp |
| Q2 2021 | 2021-06-30 | 8.97% | +32.95 pp |
| Q1 2021 | 2021-03-31 | 8.50% | +68.51 pp |
| Q4 2020 | 2020-12-31 | 3.98% | −1.16 pp |
| Q3 2020 | 2020-09-30 | 4.09% | −5.63 pp |
| Q2 2020 | 2020-06-30 | −23.98% | −23.01 pp |
| Q1 2020 | 2020-03-31 | −60.00% | −62.93 pp |
| Q4 2019 | 2019-12-31 | 5.14% | +5.89 pp |
| Q3 2019 | 2019-09-30 | 9.72% | +1.47 pp |
| Q2 2019 | 2019-06-30 | −0.96% | +7.96 pp |
| Q1 2019 | 2019-03-31 | 2.93% | +5.34 pp |
| Q4 2018 | 2018-12-31 | −0.75% | +1.96 pp |
| Q3 2018 | 2018-09-30 | 8.24% | +3.83 pp |
| Q2 2018 | 2018-06-30 | −8.93% | −8.49 pp |
| Q1 2018 | 2018-03-31 | −2.42% | −3.09 pp |
| Q4 2017 | 2017-12-31 | −2.71% | −15.19 pp |
| Q3 2017 | 2017-09-30 | 4.41% | −9.13 pp |
| Q2 2017 | 2017-06-30 | −0.44% | −2.37 pp |
| Q1 2017 | 2017-03-31 | 0.67% | −2.66 pp |
| Q4 2016 | 2016-12-31 | 12.48% | −1.54 pp |
| Q3 2016 | 2016-09-30 | 13.54% | −1.16 pp |
| Q2 2016 | 2016-06-30 | 1.94% | −2.31 pp |
| Q1 2016 | 2016-03-31 | 3.33% | −0.22 pp |
| Q4 2015 | 2015-12-31 | 14.02% | −2.75 pp |
| Q3 2015 | 2015-09-30 | 14.71% | −1.33 pp |
| Q2 2015 | 2015-06-30 | 4.24% | −1.64 pp |
| Q1 2015 | 2015-03-31 | 3.55% | −0.75 pp |
| Q4 2014 | 2014-12-31 | 16.77% | −4.14 pp |
| Q3 2014 | 2014-09-30 | 16.04% | −1.07 pp |
| Q2 2014 | 2014-06-30 | 5.89% | −1.41 pp |
| Q1 2014 | 2014-03-31 | 4.30% | +1.38 pp |
| Q4 2013 | 2013-12-31 | 20.91% | −2.26 pp |
| Q3 2013 | 2013-09-30 | 17.11% | +0.92 pp |
| Q2 2013 | 2013-06-30 | 7.30% | +4.04 pp |
| Q1 2013 | 2013-03-31 | 2.92% | −3.56 pp |
| Q4 2012 | 2012-12-31 | 23.17% | +3.51 pp |
| Q3 2012 | 2012-09-30 | 16.18% | −0.29 pp |
| Q2 2012 | 2012-06-30 | 3.26% | −0.74 pp |
| Q1 2012 | 2012-03-31 | 6.48% | −0.44 pp |
| Q4 2011 | 2011-12-31 | 19.67% | +1.72 pp |
| Q3 2011 | 2011-09-30 | 16.47% | +12.94 pp |
| Q2 2011 | 2011-06-30 | 4.00% | — |
| Q1 2011 | 2011-03-31 | 6.92% | — |
| Q3 2010 | 2010-09-30 | 17.95% | — |
| Q2 2010 | 2010-06-30 | 3.54% | — |
Under Armour operating margin trends
Over the last five reported fiscal years, Under Armour's operating margin increased from −13.71% to −3.28%, a change of +10.42 percentage points. The latest reported quarter, Q1 2027, shows 4.26%.
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 Under Armour filings at SEC.gov ↗