West Pharmaceutical Services annual operating margin
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West Pharmaceutical Services Operating Margin Growth & History (WST)
West Pharmaceutical Services's operating margin was 19.03% for fiscal 2025.
View full West Pharmaceutical Services company overviewWest Pharmaceutical Services annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 19.03% | −0.67 pp |
| 2024 | 2024-12-31 | 19.70% | −3.22 pp |
| 2023 | 2023-12-31 | 22.92% | −2.51 pp |
| 2022 | 2022-12-31 | 25.43% | −1.14 pp |
| 2021 | 2021-12-31 | 26.57% | +7.62 pp |
| 2020 | 2020-12-31 | 18.95% | +2.83 pp |
| 2019 | 2019-12-31 | 16.12% | +2.13 pp |
| 2018 | 2018-12-31 | 13.99% | −0.13 pp |
| 2017 | 2017-12-31 | 14.12% | +1.19 pp |
| 2016 | 2016-12-31 | 12.93% | +3.75 pp |
| 2015 | 2015-12-31 | 9.19% | −3.62 pp |
| 2014 | 2014-12-31 | 12.80% | +0.94 pp |
| 2013 | 2013-12-31 | 11.87% | +1.20 pp |
| 2012 | 2012-12-31 | 10.67% | +1.48 pp |
| 2011 | 2011-12-31 | 9.19% | +0.98 pp |
| 2010 | 2010-12-31 | 8.21% | −1.03 pp |
| 2009 | 2009-12-31 | 9.24% | −2.57 pp |
| 2008 | 2008-12-31 | 11.81% | — |
West Pharmaceutical Services quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 20.53% | +0.48 pp |
| Q1 2026 | 2026-03-31 | 20.96% | +5.63 pp |
| Q4 2025 | 2025-12-31 | 19.45% | −1.86 pp |
| Q3 2025 | 2025-09-30 | 20.83% | −0.77 pp |
| Q2 2025 | 2025-06-30 | 20.05% | +2.08 pp |
| Q1 2025 | 2025-03-31 | 15.33% | −2.33 pp |
| Q4 2024 | 2024-12-31 | 21.31% | −0.67 pp |
| Q3 2024 | 2024-09-30 | 21.60% | −2.13 pp |
| Q2 2024 | 2024-06-30 | 17.97% | −6.24 pp |
| Q1 2024 | 2024-03-31 | 17.66% | −4.01 pp |
| Q4 2023 | 2023-12-31 | 21.98% | +3.68 pp |
| Q3 2023 | 2023-09-30 | 23.72% | −3.39 pp |
| Q2 2023 | 2023-06-30 | 24.21% | −5.40 pp |
| Q1 2023 | 2023-03-31 | 21.67% | −4.68 pp |
| Q4 2022 | 2022-12-31 | 18.30% | −6.88 pp |
| Q3 2022 | 2022-09-30 | 27.11% | +1.43 pp |
| Q2 2022 | 2022-06-30 | 29.61% | +0.41 pp |
| Q1 2022 | 2022-03-31 | 26.35% | +0.17 pp |
| Q4 2021 | 2021-12-31 | 25.18% | +5.17 pp |
| Q3 2021 | 2021-09-30 | 25.68% | +7.57 pp |
| Q2 2021 | 2021-06-30 | 29.20% | +9.55 pp |
| Q1 2021 | 2021-03-31 | 26.18% | +8.28 pp |
| Q4 2020 | 2020-12-31 | 20.01% | +3.41 pp |
| Q3 2020 | 2020-09-30 | 18.10% | +3.35 pp |
| Q2 2020 | 2020-06-30 | 19.65% | +2.51 pp |
| Q1 2020 | 2020-03-31 | 17.90% | +1.96 pp |
| Q4 2019 | 2019-12-31 | 16.60% | +1.02 pp |
| Q3 2019 | 2019-09-30 | 14.76% | +0.67 pp |
| Q2 2019 | 2019-06-30 | 17.14% | +3.66 pp |
| Q1 2019 | 2019-03-31 | 15.94% | +3.10 pp |
| Q4 2018 | 2018-12-31 | 15.57% | +1.04 pp |
| Q3 2018 | 2018-09-30 | 14.08% | −1.71 pp |
| Q2 2018 | 2018-06-30 | 13.47% | +2.91 pp |
| Q1 2018 | 2018-03-31 | 12.85% | −2.76 pp |
| Q4 2017 | 2017-12-31 | 14.53% | +0.75 pp |
| Q3 2017 | 2017-09-30 | 15.80% | +2.18 pp |
| Q2 2017 | 2017-06-30 | 10.56% | −5.21 pp |
| Q1 2017 | 2017-03-31 | 15.60% | +7.32 pp |
| Q4 2016 | 2016-12-31 | 13.78% | +1.22 pp |
| Q3 2016 | 2016-09-30 | 13.62% | +14.63 pp |
| Q2 2016 | 2016-06-30 | 15.77% | +4.90 pp |
| Q1 2016 | 2016-03-31 | 8.29% | −5.95 pp |
| Q4 2015 | 2015-12-31 | 12.57% | −0.18 pp |
| Q3 2015 | 2015-09-30 | −1.02% | −13.38 pp |
| Q2 2015 | 2015-06-30 | 10.87% | −3.80 pp |
| Q1 2015 | 2015-03-31 | 14.23% | +2.90 pp |
| Q4 2014 | 2014-12-31 | 12.75% | +1.98 pp |
| Q3 2014 | 2014-09-30 | 12.36% | +0.75 pp |
| Q2 2014 | 2014-06-30 | 14.67% | +2.33 pp |
| Q1 2014 | 2014-03-31 | 11.33% | −1.43 pp |
| Q4 2013 | 2013-12-31 | 10.77% | +0.97 pp |
| Q3 2013 | 2013-09-30 | 11.61% | +2.96 pp |
| Q2 2013 | 2013-06-30 | 12.34% | +1.38 pp |
| Q1 2013 | 2013-03-31 | 12.76% | −0.43 pp |
| Q4 2012 | 2012-12-31 | 9.80% | +0.69 pp |
| Q3 2012 | 2012-09-30 | 8.66% | −0.23 pp |
| Q2 2012 | 2012-06-30 | 10.96% | +1.93 pp |
| Q1 2012 | 2012-03-31 | 13.18% | +3.43 pp |
| Q4 2011 | 2011-12-31 | 9.11% | +6.94 pp |
| Q3 2011 | 2011-09-30 | 8.89% | −0.43 pp |
| Q2 2011 | 2011-06-30 | 9.03% | −1.79 pp |
| Q1 2011 | 2011-03-31 | 9.75% | −0.77 pp |
| Q4 2010 | 2010-12-31 | 2.17% | −7.84 pp |
| Q3 2010 | 2010-09-30 | 9.32% | −1.67 pp |
| Q2 2010 | 2010-06-30 | 10.82% | — |
| Q1 2010 | 2010-03-31 | 10.52% | — |
| Q3 2009 | 2009-09-30 | 10.00% | — |
| Q2 2009 | 2009-06-30 | 11.00% | — |
West Pharmaceutical Services operating margin trends
Over the last five reported fiscal years, West Pharmaceutical Services's operating margin increased from 18.95% to 19.03%, a change of +0.07 percentage points. The latest reported quarter, Q2 2026, shows 20.53%.
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 West Pharmaceutical Services filings at SEC.gov ↗