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United Therapeutics (UTHR) operating margin by quarter

United Therapeutics' operating margin was 37.0% in Q3 2026 (third quarter 2026), -5.3 pts from Q2 2026. Over the last 7 quarters it ranged from 37.0% (Q3 2026) to 48.6% (Q3 2025).

United Therapeutics operating margin by quarterUnited Therapeutics operating margin by quarter48.2%Q1 202545.6%Q2 202548.6%Q3 202545.1%Q4 202541.7%Q1 202642.2%Q2 202637.0%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202637.0%-5.3 pts-11.6 pts
Q2 202642.2%+0.5 pts-3.4 pts
Q1 202641.7%-3.5 pts-6.5 pts
Q4 202545.1%-3.5 pts—
Q3 202548.6%+3.0 pts—
Q2 202545.6%-2.5 pts—
Q1 202548.2%——

Q3 2026 at a glance

United Therapeutics, Q3 2026: revenue $832M (+4% year over year), operating margin 37.0%, net earnings $259M, operating cash flow $306M. The chart follows the revenue to costs, profit and cash.

Questions

What is United Therapeutics' operating margin?

United Therapeutics' operating margin was 37.0% in Q3 2026 (third quarter 2026), -5.3 pts from Q2 2026.

How has United Therapeutics' operating margin changed?

Over the last 7 quarters it ranged from 37.0% (Q3 2026) to 48.6% (Q3 2025).

Q3 2026 results → · How United Therapeutics makes money →