Williams Companies annual operating margin
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2025
Williams Companies Operating Margin Growth & History (WMB)
Williams Companies's operating margin was 28.16% for fiscal 2025.
View full Williams Companies company overviewWilliams Companies annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 28.16% | +1.73 pp |
| 2024 | 2024-12-31 | 26.43% | −9.50 pp |
| 2023 | 2023-12-31 | 35.94% | +18.96 pp |
| 2022 | 2022-12-31 | 16.98% | −3.60 pp |
| 2021 | 2021-12-31 | 20.58% | −8.19 pp |
| 2020 | 2020-12-31 | 28.77% | +5.17 pp |
| 2019 | 2019-12-31 | 23.60% | +14.67 pp |
| 2018 | 2018-12-31 | 8.93% | −2.62 pp |
| 2017 | 2017-12-31 | 11.54% | +2.35 pp |
| 2016 | 2016-12-31 | 9.19% | +6.12 pp |
| 2015 | 2015-12-31 | 3.07% | −17.47 pp |
| 2014 | 2014-12-31 | 20.54% | +0.50 pp |
| 2013 | 2013-12-31 | 20.04% | −1.49 pp |
| 2012 | 2012-12-31 | 21.53% | −2.01 pp |
| 2011 | 2011-12-31 | 23.54% | +2.35 pp |
| 2010 | 2010-12-31 | 21.20% | +0.24 pp |
| 2009 | 2009-12-31 | 20.95% | −0.35 pp |
| 2008 | 2008-12-31 | 21.30% | +3.85 pp |
| 2007 | 2007-12-31 | 17.45% | — |
Williams Companies quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 34.98% | +7.01 pp |
| Q1 2026 | 2026-03-31 | 28.00% | +1.87 pp |
| Q4 2025 | 2025-12-31 | 27.27% | +4.02 pp |
| Q3 2025 | 2025-09-30 | 31.77% | +4.16 pp |
| Q2 2025 | 2025-06-30 | 27.98% | +3.53 pp |
| Q1 2025 | 2025-03-31 | 26.13% | −4.18 pp |
| Q4 2024 | 2024-12-31 | 23.25% | −12.73 pp |
| Q3 2024 | 2024-09-30 | 27.61% | −4.86 pp |
| Q2 2024 | 2024-06-30 | 24.45% | −6.68 pp |
| Q1 2024 | 2024-03-31 | 30.31% | −13.30 pp |
| Q4 2023 | 2023-12-31 | 35.98% | +9.99 pp |
| Q3 2023 | 2023-09-30 | 32.47% | +15.96 pp |
| Q2 2023 | 2023-06-30 | 31.13% | +20.82 pp |
| Q1 2023 | 2023-03-31 | 43.60% | +27.66 pp |
| Q4 2022 | 2022-12-31 | 25.99% | +3.34 pp |
| Q3 2022 | 2022-09-30 | 16.51% | +7.04 pp |
| Q2 2022 | 2022-06-30 | 10.31% | −16.12 pp |
| Q1 2022 | 2022-03-31 | 15.94% | −12.17 pp |
| Q4 2021 | 2021-12-31 | 22.65% | −2.36 pp |
| Q3 2021 | 2021-09-30 | 9.47% | −23.95 pp |
| Q2 2021 | 2021-06-30 | 26.43% | −8.22 pp |
| Q1 2021 | 2021-03-31 | 28.11% | +5.40 pp |
| Q4 2020 | 2020-12-31 | 25.01% | +13.87 pp |
| Q3 2020 | 2020-09-30 | 33.42% | +1.78 pp |
| Q2 2020 | 2020-06-30 | 34.65% | +10.01 pp |
| Q1 2020 | 2020-03-31 | 22.71% | −4.87 pp |
| Q4 2019 | 2019-12-31 | 11.14% | +40.21 pp |
| Q3 2019 | 2019-09-30 | 31.64% | +9.66 pp |
| Q2 2019 | 2019-06-30 | 24.64% | +4.88 pp |
| Q1 2019 | 2019-03-31 | 27.58% | +3.84 pp |
| Q4 2018 | 2018-12-31 | −29.07% | −22.11 pp |
| Q3 2018 | 2018-09-30 | 21.97% | +7.48 pp |
| Q2 2018 | 2018-06-30 | 19.76% | +0.11 pp |
| Q1 2018 | 2018-03-31 | 23.74% | +2.11 pp |
| Q4 2017 | 2017-12-31 | −6.96% | −32.89 pp |
| Q3 2017 | 2017-09-30 | 14.49% | −3.62 pp |
| Q2 2017 | 2017-06-30 | 19.65% | +47.76 pp |
| Q1 2017 | 2017-03-31 | 21.63% | +5.85 pp |
| Q4 2016 | 2016-12-31 | 25.93% | +63.27 pp |
| Q3 2016 | 2016-09-30 | 18.11% | −1.68 pp |
| Q2 2016 | 2016-06-30 | −28.11% | −49.43 pp |
| Q1 2016 | 2016-03-31 | 15.78% | +2.55 pp |
| Q4 2015 | 2015-12-31 | −37.34% | −62.14 pp |
| Q3 2015 | 2015-09-30 | 19.79% | +4.95 pp |
| Q2 2015 | 2015-06-30 | 21.32% | +2.78 pp |
| Q1 2015 | 2015-03-31 | 13.23% | −10.79 pp |
| Q4 2014 | 2014-12-31 | 24.80% | +8.96 pp |
| Q3 2014 | 2014-09-30 | 14.84% | −5.86 pp |
| Q2 2014 | 2014-06-30 | 18.53% | −1.27 pp |
| Q1 2014 | 2014-03-31 | 24.01% | +0.48 pp |
| Q4 2013 | 2013-12-31 | 15.84% | −4.49 pp |
| Q3 2013 | 2013-09-30 | 20.70% | −0.59 pp |
| Q2 2013 | 2013-06-30 | 19.81% | +1.82 pp |
| Q1 2013 | 2013-03-31 | 23.54% | −2.57 pp |
| Q4 2012 | 2012-12-31 | 20.33% | −3.97 pp |
| Q3 2012 | 2012-09-30 | 21.29% | −1.88 pp |
| Q2 2012 | 2012-06-30 | 17.98% | −5.20 pp |
| Q1 2012 | 2012-03-31 | 26.10% | +2.64 pp |
| Q4 2011 | 2011-12-31 | 24.30% | +80.39 pp |
| Q3 2011 | 2011-09-30 | 23.17% | +5.00 pp |
| Q2 2011 | 2011-06-30 | 23.19% | +4.70 pp |
| Q1 2011 | 2011-03-31 | 23.46% | +4.68 pp |
| Q3 2010 | 2010-09-30 | −56.09% | −74.47 pp |
| Q2 2010 | 2010-06-30 | 18.17% | +3.61 pp |
| Q1 2010 | 2010-03-31 | 18.49% | −3.04 pp |
| Q3 2009 | 2009-09-30 | 18.78% | −3.62 pp |
| Q2 2009 | 2009-06-30 | 18.39% | — |
| Q1 2009 | 2009-03-31 | 14.57% | — |
| Q3 2008 | 2008-09-30 | 21.52% | — |
| Q2 2008 | 2008-06-30 | 22.40% | — |
Williams Companies operating margin trends
Over the last five reported fiscal years, Williams Companies's operating margin decreased from 28.77% to 28.16%, a change of −0.61 percentage points. The latest reported quarter, Q2 2026, shows 34.98%.
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 Williams Companies filings at SEC.gov ↗