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NNN REIT (NNN) operating margin by quarter

NNN REIT's operating margin was 66.1% in Q3 2026 (third quarter 2026), +4.1 pts from Q2 2026. Over the last 7 quarters it ranged from 61.0% (Q1 2026) to 66.1% (Q3 2026).

NNN REIT operating margin by quarterNNN REIT operating margin by quarter62.3%Q1 202566.0%Q2 202564.0%Q3 202562.3%Q4 202561.0%Q1 202662.0%Q2 202666.1%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202666.1%+4.1 pts+2.1 pts
Q2 202662.0%+1.0 pts-4.1 pts
Q1 202661.0%-1.3 pts-1.3 pts
Q4 202562.3%-1.7 pts—
Q3 202564.0%-2.1 pts—
Q2 202566.0%+3.7 pts—
Q1 202562.3%——

Q3 2026 at a glance

NNN REIT, Q3 2026: revenue $250M (+8% year over year), operating margin 66.1%, net earnings $110M, operating cash flow $220M. The chart follows the revenue to costs, profit and cash.

Questions

What is NNN REIT's operating margin?

NNN REIT's operating margin was 66.1% in Q3 2026 (third quarter 2026), +4.1 pts from Q2 2026.

How has NNN REIT's operating margin changed?

Over the last 7 quarters it ranged from 61.0% (Q1 2026) to 66.1% (Q3 2026).

Q3 2026 results → · How NNN REIT makes money →