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Quanta Services (PWR) operating margin by quarter

Quanta Services' operating margin was 8.5% in Q3 2026 (third quarter 2026), +1.3 pts from Q2 2026. Over the last 7 quarters it ranged from 3.8% (Q1 2025) to 8.5% (Q3 2026).

Quanta Services operating margin by quarterQuanta Services operating margin by quarter3.8%Q1 20255.5%Q2 20256.8%Q3 20256.2%Q4 20254.3%Q1 20267.3%Q2 20268.5%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20268.5%+1.3 pts+1.8 pts
Q2 20267.3%+3.0 pts+1.8 pts
Q1 20264.3%-1.9 pts+0.5 pts
Q4 20256.2%-0.6 pts—
Q3 20256.8%+1.3 pts—
Q2 20255.5%+1.6 pts—
Q1 20253.8%——

Q3 2026 at a glance

Quanta Services, Q3 2026: revenue $12.0B (+57% year over year), operating margin 8.5%, net earnings $695M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.

Questions

What is Quanta Services' operating margin?

Quanta Services' operating margin was 8.5% in Q3 2026 (third quarter 2026), +1.3 pts from Q2 2026.

How has Quanta Services' operating margin changed?

Over the last 7 quarters it ranged from 3.8% (Q1 2025) to 8.5% (Q3 2026).

Q3 2026 results → · How Quanta Services makes money →