Filing Flows › Phillips 66 (PSX) › Operating margin
Phillips 66 (PSX) operating margin by quarter
Phillips 66's operating margin was 14.1% in Q3 2026 (third quarter 2026), +4.3 pts from Q2 2026. Over the last 7 quarters it ranged from 0.6% (Q3 2025) to 14.1% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 14.1% | +4.3 pts | +13.5 pts |
| Q2 2026 | 9.7% | +8.9 pts | +6.4 pts |
| Q1 2026 | 0.8% | -9.3 pts | -1.3 pts |
| Q4 2025 | 10.1% | +9.5 pts | — |
| Q3 2025 | 0.6% | -2.8 pts | — |
| Q2 2025 | 3.4% | +1.2 pts | — |
| Q1 2025 | 2.1% | — | — |
Q3 2026 at a glance
Phillips 66, Q3 2026: revenue $50.5B (+46% year over year), operating margin 14.1%, net earnings $5.6B, operating cash flow $7.3B. The chart follows the revenue to costs, profit and cash.
Questions
What is Phillips 66's operating margin?
Phillips 66's operating margin was 14.1% in Q3 2026 (third quarter 2026), +4.3 pts from Q2 2026.
How has Phillips 66's operating margin changed?
Over the last 7 quarters it ranged from 0.6% (Q3 2025) to 14.1% (Q3 2026).