Filing Flows › Valero Energy (VLO) › Operating margin
Valero Energy (VLO) operating margin by quarter
Valero Energy's operating margin was 19.7% in Q3 2026 (third quarter 2026), +8.0 pts from Q2 2026. Over the last 6 quarters it ranged from 3.3% (Q2 2025) to 19.7% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 19.7% | +8.0 pts | +15.0 pts |
| Q2 2026 | 11.7% | +6.3 pts | +8.3 pts |
| Q1 2026 | 5.3% | +0.2 pts | — |
| Q4 2025 | 5.2% | +0.5 pts | — |
| Q3 2025 | 4.7% | +1.4 pts | — |
| Q2 2025 | 3.3% | — | — |
Q3 2026 at a glance
Valero Energy, Q3 2026: revenue $46.1B (+43% year over year), operating margin 19.7%, net earnings $6.8B, operating cash flow $6.9B. The chart follows the revenue to costs, profit and cash.
Questions
What is Valero Energy's operating margin?
Valero Energy's operating margin was 19.7% in Q3 2026 (third quarter 2026), +8.0 pts from Q2 2026.
How has Valero Energy's operating margin changed?
Over the last 6 quarters it ranged from 3.3% (Q2 2025) to 19.7% (Q3 2026).