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TransMedics Group (TMDX) operating margin by quarter

TransMedics Group's operating margin was 13.9% in Q3 2026 (third quarter 2026), +1.4 pts from Q2 2026. Over the last 7 quarters it ranged from 7.6% (Q1 2026) to 23.2% (Q2 2025).

TransMedics Group operating margin by quarterTransMedics Group operating margin by quarter19.1%Q1 202523.2%Q2 202516.2%Q3 202513.2%Q4 20257.6%Q1 202612.5%Q2 202613.9%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202613.9%+1.4 pts-2.3 pts
Q2 202612.5%+4.9 pts-10.7 pts
Q1 20267.6%-5.6 pts-11.5 pts
Q4 202513.2%-3.0 pts—
Q3 202516.2%-7.0 pts—
Q2 202523.2%+4.1 pts—
Q1 202519.1%——

Q3 2026 at a glance

TransMedics Group, Q3 2026: revenue $203M (+41% year over year), operating margin 13.9%, net earnings $17.1M, operating cash flow $36.0M. The chart follows the revenue to costs, profit and cash.

Questions

What is TransMedics Group's operating margin?

TransMedics Group's operating margin was 13.9% in Q3 2026 (third quarter 2026), +1.4 pts from Q2 2026.

How has TransMedics Group's operating margin changed?

Over the last 7 quarters it ranged from 7.6% (Q1 2026) to 23.2% (Q2 2025).

Q3 2026 results → · How TransMedics Group makes money →