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ELI Lilly (LLY) operating margin by quarter

ELI Lilly's operating margin was 34.5% in Q3 2026 (third quarter 2026), -5.8 pts from Q2 2026. Over the last 7 quarters it ranged from 27.2% (Q1 2025) to 44.7% (Q1 2026).

ELI Lilly operating margin by quarterELI Lilly operating margin by quarter27.2%Q1 202543.6%Q2 202541.1%Q3 202542.8%Q4 202544.7%Q1 202640.2%Q2 202634.5%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202634.5%-5.8 pts-6.6 pts
Q2 202640.2%-4.4 pts-3.3 pts
Q1 202644.7%+1.9 pts+17.5 pts
Q4 202542.8%+1.8 pts—
Q3 202541.1%-2.5 pts—
Q2 202543.6%+16.4 pts—
Q1 202527.2%——

Q3 2026 at a glance

ELI Lilly, Q3 2026: revenue $24.4B (+39% year over year), operating margin 34.5%, net earnings $6.5B, operating cash flow $11.4B. The chart follows the revenue to costs, profit and cash.

Questions

What is ELI Lilly's operating margin?

ELI Lilly's operating margin was 34.5% in Q3 2026 (third quarter 2026), -5.8 pts from Q2 2026.

How has ELI Lilly's operating margin changed?

Over the last 7 quarters it ranged from 27.2% (Q1 2025) to 44.7% (Q1 2026).

Q3 2026 results → · How ELI Lilly makes money →