Filing Flows › Dutch Bros (BROS) › Operating margin
Dutch Bros (BROS) operating margin by quarter
Dutch Bros' operating margin was 9.6% in Q3 2026 (third quarter 2026), -3.2 pts from Q2 2026. Over the last 7 quarters it ranged from 7.4% (Q1 2026) to 13.1% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 9.6% | -3.2 pts | -0.2 pts |
| Q2 2026 | 12.8% | +5.4 pts | -0.4 pts |
| Q1 2026 | 7.4% | -0.3 pts | -1.4 pts |
| Q4 2025 | 7.7% | -2.1 pts | — |
| Q3 2025 | 9.8% | -3.4 pts | — |
| Q2 2025 | 13.1% | +4.4 pts | — |
| Q1 2025 | 8.7% | — | — |
Q3 2026 at a glance
Dutch Bros, Q3 2026: revenue $550M (+30% year over year), operating margin 9.6%, net earnings $27.2M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
Questions
What is Dutch Bros' operating margin?
Dutch Bros' operating margin was 9.6% in Q3 2026 (third quarter 2026), -3.2 pts from Q2 2026.
How has Dutch Bros' operating margin changed?
Over the last 7 quarters it ranged from 7.4% (Q1 2026) to 13.1% (Q2 2025).