Filing Flows › Vericel (VCEL) › Operating margin
Vericel (VCEL) operating margin by quarter
Vericel's operating margin was 14.3% in Q3 2026 (third quarter 2026), +13.7 pts from Q2 2026. Over the last 4 quarters it ranged from 0.6% (Q2 2026) to 24.1% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 14.3% | +13.7 pts | +9.2 pts |
| Q2 2026 | 0.6% | -23.6 pts | — |
| Q4 2025 | 24.1% | +19.0 pts | — |
| Q3 2025 | 5.1% | — | — |
Q3 2026 at a glance
Vericel, Q3 2026: revenue $85.4M (+26% year over year), operating margin 14.3%, net earnings $14.2M, operating cash flow $17.7M. The chart follows the revenue to costs, profit and cash.
Questions
What is Vericel's operating margin?
Vericel's operating margin was 14.3% in Q3 2026 (third quarter 2026), +13.7 pts from Q2 2026.
How has Vericel's operating margin changed?
Over the last 4 quarters it ranged from 0.6% (Q2 2026) to 24.1% (Q4 2025).