Filing Flows › Alcoa (AA) › Operating margin
Alcoa (AA) operating margin by quarter
Alcoa's operating margin was 15.5% in Q3 2026 (third quarter 2026), +3.3 pts from Q2 2026. Over the last 7 quarters it ranged from 2.0% (Q4 2025) to 19.8% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 15.5% | +3.3 pts | +9.9 pts |
| Q2 2026 | 12.2% | -3.5 pts | +6.8 pts |
| Q1 2026 | 15.6% | +13.7 pts | -4.2 pts |
| Q4 2025 | 2.0% | -3.6 pts | — |
| Q3 2025 | 5.6% | +0.2 pts | — |
| Q2 2025 | 5.3% | -14.5 pts | — |
| Q1 2025 | 19.8% | — | — |
Q3 2026 at a glance
Alcoa, Q3 2026: revenue $3.7B (+24% year over year), operating margin 15.5%, net earnings $483M, operating cash flow $643M. The chart follows the revenue to costs, profit and cash.
Questions
What is Alcoa's operating margin?
Alcoa's operating margin was 15.5% in Q3 2026 (third quarter 2026), +3.3 pts from Q2 2026.
How has Alcoa's operating margin changed?
Over the last 7 quarters it ranged from 2.0% (Q4 2025) to 19.8% (Q1 2025).