Filing Flows › Fresenius Medical Care AG (FMS) › Operating margin
Fresenius Medical Care AG (FMS) operating margin by quarter
Fresenius Medical Care AG's operating margin was 7.8% in Q3 2026 (third quarter 2026), -1.8 pts from Q2 2026. Over the last 6 quarters it ranged from 6.2% (Q1 2026) to 11.7% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 7.8% | -1.8 pts | -2.0 pts |
| Q2 2026 | 9.6% | +3.4 pts | +0.7 pts |
| Q1 2026 | 6.2% | -5.5 pts | — |
| Q4 2025 | 11.7% | +2.0 pts | — |
| Q3 2025 | 9.8% | +0.9 pts | — |
| Q2 2025 | 8.9% | — | — |
Q3 2026 at a glance
Fresenius Medical Care AG, Q3 2026: revenue $4.9B (+1% year over year), operating margin 7.8%, net earnings $160M, operating cash flow $798M. The chart follows the revenue to costs, profit and cash.
Questions
What is Fresenius Medical Care AG's operating margin?
Fresenius Medical Care AG's operating margin was 7.8% in Q3 2026 (third quarter 2026), -1.8 pts from Q2 2026.
How has Fresenius Medical Care AG's operating margin changed?
Over the last 6 quarters it ranged from 6.2% (Q1 2026) to 11.7% (Q4 2025).
Q3 2026 results → · How Fresenius Medical Care AG makes money →