Vanda Pharmaceuticals annual operating margin
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Vanda Pharmaceuticals Operating Margin Growth & History (VNDA)
Vanda Pharmaceuticals's operating margin was −69.95% for fiscal 2025.
View full Vanda Pharmaceuticals company overviewVanda Pharmaceuticals annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −69.95% | −49.50 pp |
| 2024 | 2024-12-31 | −20.46% | −13.21 pp |
| 2023 | 2023-12-31 | −7.24% | −9.73 pp |
| 2022 | 2022-12-31 | 2.49% | −13.21 pp |
| 2021 | 2021-12-31 | 15.69% | +4.72 pp |
| 2020 | 2020-12-31 | 10.98% | +0.94 pp |
| 2019 | 2019-12-31 | 10.04% | −1.22 pp |
| 2018 | 2018-12-31 | 11.26% | +21.50 pp |
| 2017 | 2017-12-31 | −10.24% | +2.48 pp |
| 2016 | 2016-12-31 | −12.72% | +23.84 pp |
| 2015 | 2015-12-31 | −36.56% | −76.56 pp |
| 2014 | 2014-12-31 | 40.00% | +102.57 pp |
| 2013 | 2013-12-31 | −62.58% | +26.58 pp |
| 2012 | 2012-12-31 | −89.16% | −54.92 pp |
| 2011 | 2011-12-31 | −34.24% | −58.99 pp |
| 2010 | 2010-12-31 | 24.75% | +815.16 pp |
| 2009 | 2009-12-31 | −790.41% | — |
Vanda Pharmaceuticals quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −126.28% | −53.07 pp |
| Q1 2026 | 2026-03-31 | −97.11% | −15.12 pp |
| Q4 2025 | 2025-12-31 | −70.53% | −51.20 pp |
| Q3 2025 | 2025-09-30 | −55.61% | −32.52 pp |
| Q2 2025 | 2025-06-30 | −73.21% | −53.11 pp |
| Q1 2025 | 2025-03-31 | −81.99% | −62.53 pp |
| Q4 2024 | 2024-12-31 | −19.33% | −3.66 pp |
| Q3 2024 | 2024-09-30 | −23.08% | −7.64 pp |
| Q2 2024 | 2024-06-30 | −20.10% | −13.88 pp |
| Q1 2024 | 2024-03-31 | −19.46% | −22.66 pp |
| Q4 2023 | 2023-12-31 | −15.67% | −25.95 pp |
| Q3 2023 | 2023-09-30 | −15.45% | −21.43 pp |
| Q2 2023 | 2023-06-30 | −6.23% | −11.60 pp |
| Q1 2023 | 2023-03-31 | 3.21% | +15.95 pp |
| Q4 2022 | 2022-12-31 | 10.28% | −2.42 pp |
| Q3 2022 | 2022-09-30 | 5.98% | −9.45 pp |
| Q2 2022 | 2022-06-30 | 5.38% | −12.84 pp |
| Q1 2022 | 2022-03-31 | −12.74% | −29.24 pp |
| Q4 2021 | 2021-12-31 | 12.70% | −2.75 pp |
| Q3 2021 | 2021-09-30 | 15.43% | +2.60 pp |
| Q2 2021 | 2021-06-30 | 18.22% | +3.47 pp |
| Q1 2021 | 2021-03-31 | 16.50% | +16.72 pp |
| Q4 2020 | 2020-12-31 | 15.45% | +8.48 pp |
| Q3 2020 | 2020-09-30 | 12.84% | −5.25 pp |
| Q2 2020 | 2020-06-30 | 14.74% | −2.01 pp |
| Q1 2020 | 2020-03-31 | −0.22% | +4.16 pp |
| Q4 2019 | 2019-12-31 | 6.96% | −10.29 pp |
| Q3 2019 | 2019-09-30 | 18.09% | +5.40 pp |
| Q2 2019 | 2019-06-30 | 16.75% | +8.49 pp |
| Q1 2019 | 2019-03-31 | −4.37% | −9.98 pp |
| Q4 2018 | 2018-12-31 | 17.25% | +22.11 pp |
| Q3 2018 | 2018-09-30 | 12.69% | +24.60 pp |
| Q2 2018 | 2018-06-30 | 8.26% | +12.84 pp |
| Q1 2018 | 2018-03-31 | 5.60% | +26.73 pp |
| Q4 2017 | 2017-12-31 | −4.86% | −3.15 pp |
| Q3 2017 | 2017-09-30 | −11.91% | −10.21 pp |
| Q2 2017 | 2017-06-30 | −4.57% | +8.72 pp |
| Q1 2017 | 2017-03-31 | −21.13% | +16.37 pp |
| Q4 2016 | 2016-12-31 | −1.71% | +45.05 pp |
| Q3 2016 | 2016-09-30 | −1.70% | +31.96 pp |
| Q2 2016 | 2016-06-30 | −13.29% | +6.50 pp |
| Q1 2016 | 2016-03-31 | −37.51% | +8.96 pp |
| Q4 2015 | 2015-12-31 | −46.76% | −500.20 pp |
| Q3 2015 | 2015-09-30 | −33.66% | −23.87 pp |
| Q2 2015 | 2015-06-30 | −19.79% | +179.13 pp |
| Q1 2015 | 2015-03-31 | −46.47% | +244.22 pp |
| Q4 2014 | 2014-12-31 | 453.44% | +542.15 pp |
| Q3 2014 | 2014-09-30 | −9.80% | +52.57 pp |
| Q2 2014 | 2014-06-30 | −198.91% | −157.89 pp |
| Q1 2014 | 2014-03-31 | −290.69% | −234.11 pp |
| Q4 2013 | 2013-12-31 | −88.71% | +4.49 pp |
| Q3 2013 | 2013-09-30 | −62.36% | +2.73 pp |
| Q2 2013 | 2013-06-30 | −41.03% | +55.48 pp |
| Q1 2013 | 2013-03-31 | −56.58% | +45.58 pp |
| Q4 2012 | 2012-12-31 | −93.19% | −22.61 pp |
| Q3 2012 | 2012-09-30 | −65.09% | −23.77 pp |
| Q2 2012 | 2012-06-30 | −96.50% | −76.14 pp |
| Q1 2012 | 2012-03-31 | −102.16% | −102.26 pp |
| Q4 2011 | 2011-12-31 | −70.59% | −80.84 pp |
| Q3 2011 | 2011-09-30 | −41.32% | −55.28 pp |
| Q2 2011 | 2011-06-30 | −20.36% | — |
| Q1 2011 | 2011-03-31 | 0.09% | — |
| Q3 2010 | 2010-09-30 | 10.25% | — |
| Q2 2010 | 2010-06-30 | 13.96% | — |
Vanda Pharmaceuticals operating margin trends
Over the last five reported fiscal years, Vanda Pharmaceuticals's operating margin decreased from 10.98% to −69.95%, a change of −80.93 percentage points. The latest reported quarter, Q2 2026, shows −126.28%.
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 Vanda Pharmaceuticals filings at SEC.gov ↗