Filing Flows › Hershey (HSY) › Operating margin
Hershey (HSY) operating margin by quarter
Hershey's operating margin was 25.0% in Q3 2026 (third quarter 2026), +1.9 pts from Q2 2026. Over the last 7 quarters it ranged from 7.4% (Q2 2025) to 25.0% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 25.0% | +1.9 pts | +11.3 pts |
| Q2 2026 | 23.1% | +2.4 pts | +15.7 pts |
| Q1 2026 | 20.6% | +6.2 pts | +7.5 pts |
| Q4 2025 | 14.4% | +0.7 pts | — |
| Q3 2025 | 13.7% | +6.3 pts | — |
| Q2 2025 | 7.4% | -5.8 pts | — |
| Q1 2025 | 13.2% | — | — |
Q3 2026 at a glance
Hershey, Q3 2026: revenue $3.3B (+3% year over year), operating margin 25.0%, net earnings $581M, operating cash flow $751M. The chart follows the revenue to costs, profit and cash.
Questions
What is Hershey's operating margin?
Hershey's operating margin was 25.0% in Q3 2026 (third quarter 2026), +1.9 pts from Q2 2026.
How has Hershey's operating margin changed?
Over the last 7 quarters it ranged from 7.4% (Q2 2025) to 25.0% (Q3 2026).