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PTC (PTC) operating margin by quarter

PTC's operating margin was 31.6% in Q4 FY26 (fourth quarter fiscal 2026), +3.8 pts from Q3 FY26. Over the last 7 quarters it ranged from 27.7% (Q3 FY26) to 48.5% (Q4 FY25).

PTC operating margin by quarterPTC operating margin by quarter35.1%Q2 FY2532.6%Q3 FY2548.5%Q4 FY2532.2%Q1 FY2638.2%Q2 FY2627.7%Q3 FY2631.6%Q4 FY26
QuarterOperating marginQ/QY/Y
Q4 FY2631.6%+3.8 pts-16.9 pts
Q3 FY2627.7%-10.5 pts-4.8 pts
Q2 FY2638.2%+6.0 pts+3.1 pts
Q1 FY2632.2%-16.3 pts—
Q4 FY2548.5%+15.9 pts—
Q3 FY2532.6%-2.5 pts—
Q2 FY2535.1%——

Q4 FY26 at a glance

PTC, Q4 FY26: revenue $673M (-25% year over year), operating margin 31.6%, net earnings $157M, operating cash flow $47.3M. The chart follows the revenue to costs, profit and cash.

Questions

What is PTC's operating margin?

PTC's operating margin was 31.6% in Q4 FY26 (fourth quarter fiscal 2026), +3.8 pts from Q3 FY26.

How has PTC's operating margin changed?

Over the last 7 quarters it ranged from 27.7% (Q3 FY26) to 48.5% (Q4 FY25).

Q4 FY26 results → · How PTC makes money →