Western Digital annual operating margin
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Western Digital Operating Margin Growth & History (WDC)
Western Digital's operating margin was 34.47% for fiscal 2026.
View full Western Digital company overviewWestern Digital annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-07-03 | 34.47% | +9.95 pp |
| 2025 | 2025-06-27 | 24.52% | +30.90 pp |
| 2024 | 2024-06-28 | −6.38% | +2.38 pp |
| 2023 | 2023-06-30 | −8.76% | −21.48 pp |
| 2022 | 2022-07-01 | 12.72% | +5.51 pp |
| 2021 | 2021-07-02 | 7.21% | +5.21 pp |
| 2020 | 2020-07-03 | 2.00% | +1.48 pp |
| 2019 | 2019-06-28 | 0.53% | −16.99 pp |
| 2018 | 2018-06-29 | 17.52% | +7.28 pp |
| 2017 | 2017-06-30 | 10.23% | +6.65 pp |
| 2016 | 2016-07-01 | 3.59% | −7.47 pp |
| 2015 | 2015-07-03 | 11.06% | −0.78 pp |
| 2014 | 2014-06-27 | 11.84% | +3.59 pp |
| 2013 | 2013-06-28 | 8.25% | −5.95 pp |
| 2012 | 2012-06-29 | 14.19% | +5.99 pp |
| 2011 | 2011-07-01 | 8.20% | −7.28 pp |
| 2010 | 2010-07-02 | 15.48% | +8.52 pp |
| 2009 | 2009-07-03 | 6.96% | −5.50 pp |
| 2008 | 2008-06-27 | 12.46% | — |
Western Digital quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-07-03 | 41.71% | +15.61 pp |
| Q3 2026 | 2026-04-03 | 35.66% | +2.53 pp |
| Q2 2026 | 2026-01-02 | 30.10% | +6.85 pp |
| Q1 2026 | 2025-10-03 | 28.11% | +13.01 pp |
| Q4 2025 | 2025-06-27 | 26.10% | +10.68 pp |
| Q3 2025 | 2025-03-28 | 33.13% | +27.76 pp |
| Q2 2025 | 2024-12-27 | 23.25% | +38.61 pp |
| Q1 2025 | 2024-09-27 | 15.10% | +65.02 pp |
| Q4 2024 | 2024-06-28 | 15.42% | — |
| Q3 2024 | 2024-03-29 | 5.37% | +22.20 pp |
| Q2 2024 | 2023-12-29 | −15.36% | −5.03 pp |
| Q1 2024 | 2023-09-29 | −49.92% | −54.15 pp |
| Q3 2023 | 2023-03-31 | −16.84% | −24.23 pp |
| Q2 2023 | 2022-12-30 | −10.33% | −25.37 pp |
| Q1 2023 | 2022-09-30 | 4.23% | −11.17 pp |
| Q4 2022 | 2022-07-01 | 12.41% | −1.31 pp |
| Q3 2022 | 2022-04-01 | 7.40% | −0.27 pp |
| Q2 2022 | 2021-12-31 | 15.04% | +11.04 pp |
| Q1 2022 | 2021-10-01 | 15.40% | +13.62 pp |
| Q4 2021 | 2021-07-02 | 13.72% | +7.63 pp |
| Q3 2021 | 2021-04-02 | 7.66% | +4.00 pp |
| Q2 2021 | 2021-01-01 | 4.01% | +2.83 pp |
| Q1 2021 | 2020-10-02 | 1.78% | +4.98 pp |
| Q4 2020 | 2020-07-03 | 6.09% | +16.57 pp |
| Q3 2020 | 2020-04-03 | 3.66% | +14.39 pp |
| Q2 2020 | 2020-01-03 | 1.18% | −2.98 pp |
| Q1 2020 | 2019-10-04 | −3.19% | −16.84 pp |
| Q4 2019 | 2019-06-28 | −10.48% | −26.96 pp |
| Q3 2019 | 2019-03-29 | −10.72% | −28.96 pp |
| Q2 2019 | 2018-12-28 | 4.16% | −13.74 pp |
| Q1 2019 | 2018-09-28 | 13.64% | −3.82 pp |
| Q4 2018 | 2018-06-29 | 16.47% | +3.01 pp |
| Q3 2018 | 2018-03-30 | 18.23% | +6.94 pp |
| Q2 2018 | 2017-12-29 | 17.90% | +6.75 pp |
| Q1 2018 | 2017-09-29 | 17.47% | +12.55 pp |
| Q4 2017 | 2017-06-30 | 13.47% | +19.04 pp |
| Q3 2017 | 2017-03-31 | 11.29% | +8.17 pp |
| Q2 2017 | 2016-12-30 | 11.15% | +3.58 pp |
| Q1 2017 | 2016-09-30 | 4.92% | −4.66 pp |
| Q4 2016 | 2016-07-01 | −5.58% | −13.57 pp |
| Q3 2016 | 2016-04-01 | 3.12% | −8.74 pp |
| Q2 2016 | 2016-01-01 | 7.57% | −4.42 pp |
| Q1 2016 | 2015-10-02 | 9.58% | −2.31 pp |
| Q4 2015 | 2015-07-03 | 7.99% | −1.65 pp |
| Q3 2015 | 2015-04-03 | 11.86% | +0.54 pp |
| Q2 2015 | 2015-01-02 | 11.99% | −0.05 pp |
| Q1 2015 | 2014-10-03 | 11.89% | −2.35 pp |
| Q4 2014 | 2014-06-27 | 9.64% | +15.57 pp |
| Q3 2014 | 2014-03-28 | 11.32% | +0.24 pp |
| Q2 2014 | 2013-12-27 | 12.03% | −0.47 pp |
| Q1 2014 | 2013-09-27 | 14.25% | −0.42 pp |
| Q4 2013 | 2013-06-28 | −5.93% | −22.92 pp |
| Q3 2013 | 2013-03-29 | 11.08% | −6.78 pp |
| Q2 2013 | 2012-12-28 | 12.50% | +4.38 pp |
| Q1 2013 | 2012-09-28 | 14.67% | +5.06 pp |
| Q4 2012 | 2012-06-29 | 17.00% | +9.84 pp |
| Q3 2012 | 2012-03-30 | 17.86% | +10.84 pp |
| Q2 2012 | 2011-12-30 | 8.12% | −1.58 pp |
| Q1 2012 | 2011-09-30 | 9.61% | +0.81 pp |
| Q4 2011 | 2011-07-01 | 7.16% | −5.14 pp |
| Q3 2011 | 2011-04-01 | 7.02% | −9.68 pp |
| Q2 2011 | 2010-12-31 | 9.70% | −8.36 pp |
| Q1 2011 | 2010-10-01 | 8.81% | −5.64 pp |
| Q4 2010 | 2010-07-02 | 12.30% | +1.52 pp |
| Q3 2010 | 2010-04-02 | 16.70% | +12.87 pp |
| Q2 2010 | 2010-01-01 | 18.06% | +17.18 pp |
| Q1 2010 | 2009-10-02 | 14.45% | +3.35 pp |
| Q4 2009 | 2009-07-03 | 10.78% | — |
| Q3 2009 | 2009-03-27 | 3.83% | — |
| Q2 2009 | 2008-12-26 | 0.88% | — |
| Q1 2009 | 2008-09-26 | 11.10% | — |
Western Digital operating margin trends
Over the last five fiscal years, Western Digital's operating margin increased from 7.21% to 34.47%, a change of +27.26 percentage points. The latest reported quarter, Q4 2026, shows 41.71%.
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 Western Digital source filings ↗