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Venture Global (VG) operating margin by quarter

Venture Global's operating margin was 47.8% in Q2 2026 (second quarter 2026), +22.8 pts from Q1 2026. Over the last 7 quarters it ranged from 25.0% (Q1 2026) to 47.8% (Q2 2026).

Venture Global operating margin by quarterVenture Global operating margin by quarter39.0%Q4 202437.3%Q1 202533.5%Q2 202539.7%Q3 202538.7%Q4 202525.0%Q1 202647.8%Q2 2026
QuarterOperating marginQ/QY/Y
Q2 202647.8%+22.8 pts+14.3 pts
Q1 202625.0%-13.6 pts-12.3 pts
Q4 202538.7%-1.0 pts-0.3 pts
Q3 202539.7%+6.2 pts—
Q2 202533.5%-3.8 pts—
Q1 202537.3%-1.7 pts—
Q4 202439.0%——

Q2 2026 at a glance

Venture Global, Q2 2026: revenue $4.6B (+48% year over year), operating margin 47.8%, net earnings $1.3B, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is Venture Global's operating margin?

Venture Global's operating margin was 47.8% in Q2 2026 (second quarter 2026), +22.8 pts from Q1 2026.

How has Venture Global's operating margin changed?

Over the last 7 quarters it ranged from 25.0% (Q1 2026) to 47.8% (Q2 2026).

Q2 2026 results → · How Venture Global makes money →