Filing Flows › Pinnacle West Capital (PNW) › Operating margin
Pinnacle West Capital (PNW) operating margin by quarter
Pinnacle West Capital's operating margin was 31.5% in Q3 2026 (third quarter 2026), +10.5 pts from Q2 2026. Over the last 5 quarters it ranged from 11.4% (Q1 2026) to 32.0% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 31.5% | +10.5 pts | -0.5 pts |
| Q2 2026 | 21.0% | +9.6 pts | -1.6 pts |
| Q1 2026 | 11.4% | -20.5 pts | — |
| Q3 2025 | 32.0% | +9.3 pts | — |
| Q2 2025 | 22.6% | — | — |
Q3 2026 at a glance
Pinnacle West Capital, Q3 2026: revenue $2.0B (+8% year over year), operating margin 31.5%, net earnings $434M, operating cash flow $723M. The chart follows the revenue to costs, profit and cash.
Questions
What is Pinnacle West Capital's operating margin?
Pinnacle West Capital's operating margin was 31.5% in Q3 2026 (third quarter 2026), +10.5 pts from Q2 2026.
How has Pinnacle West Capital's operating margin changed?
Over the last 5 quarters it ranged from 11.4% (Q1 2026) to 32.0% (Q3 2025).