Filing Flows › PG&E (PCG) › Operating margin
PG&E (PCG) operating margin by quarter
PG&E's operating margin was 20.2% in Q3 2026 (third quarter 2026), -1.2 pts from Q2 2026. Over the last 7 quarters it ranged from 18.0% (Q4 2025) to 21.4% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 20.2% | -1.2 pts | +0.8 pts |
| Q2 2026 | 21.4% | +0.0 pts | +2.8 pts |
| Q1 2026 | 21.4% | +3.4 pts | +1.0 pts |
| Q4 2025 | 18.0% | -1.4 pts | — |
| Q3 2025 | 19.3% | +0.8 pts | — |
| Q2 2025 | 18.6% | -1.8 pts | — |
| Q1 2025 | 20.4% | — | — |
Q3 2026 at a glance
PG&E, Q3 2026: revenue $6.2B (-1% year over year), operating margin 20.2%, net earnings $749M, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.
Questions
What is PG&E's operating margin?
PG&E's operating margin was 20.2% in Q3 2026 (third quarter 2026), -1.2 pts from Q2 2026.
How has PG&E's operating margin changed?
Over the last 7 quarters it ranged from 18.0% (Q4 2025) to 21.4% (Q2 2026).