Filing Flows › Southern (SO) › Operating margin
Southern (SO) operating margin by quarter
Southern's operating margin was 33.9% in Q3 2026 (third quarter 2026), +8.5 pts from Q2 2026. Over the last 7 quarters it ranged from 13.1% (Q4 2025) to 33.9% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 33.9% | +8.5 pts | +0.8 pts |
| Q2 2026 | 25.5% | +1.4 pts | +0.2 pts |
| Q1 2026 | 24.0% | +10.9 pts | -1.8 pts |
| Q4 2025 | 13.1% | -20.0 pts | — |
| Q3 2025 | 33.2% | +7.9 pts | — |
| Q2 2025 | 25.3% | -0.6 pts | — |
| Q1 2025 | 25.9% | — | — |
Q3 2026 at a glance
Southern, Q3 2026: revenue $8.8B (+13% year over year), operating margin 33.9%, net earnings $2.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is Southern's operating margin?
Southern's operating margin was 33.9% in Q3 2026 (third quarter 2026), +8.5 pts from Q2 2026.
How has Southern's operating margin changed?
Over the last 7 quarters it ranged from 13.1% (Q4 2025) to 33.9% (Q3 2026).