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Oscar Health (OSCR) operating margin by quarter

Oscar Health's operating margin was 3.5% in Q3 2026 (third quarter 2026), -4.5 pts from Q2 2026. Over the last 4 quarters it ranged from 3.5% (Q3 2026) to 15.2% (Q1 2026).

Oscar Health operating margin by quarterOscar Health operating margin by quarter9.8%Q1 202515.2%Q1 20268.0%Q2 20263.5%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20263.5%-4.5 pts—
Q2 20268.0%-7.2 pts—
Q1 202615.2%+5.4 pts+5.4 pts
Q1 20259.8%——

Q3 2026 at a glance

Oscar Health, Q3 2026: revenue $5.1B (+72% year over year), operating margin 3.5%, net earnings $167M, operating cash flow −$1.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Oscar Health's operating margin?

Oscar Health's operating margin was 3.5% in Q3 2026 (third quarter 2026), -4.5 pts from Q2 2026.

How has Oscar Health's operating margin changed?

Over the last 4 quarters it ranged from 3.5% (Q3 2026) to 15.2% (Q1 2026).

Q3 2026 results → · How Oscar Health makes money →