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VSE (VSEC) operating margin by quarter

VSE's operating margin was 14.3% in Q3 2026 (third quarter 2026), +3.4 pts from Q2 2026. Over the last 6 quarters it ranged from 3.6% (Q3 2025) to 14.3% (Q3 2026).

VSE operating margin by quarterVSE operating margin by quarter8.3%Q2 20253.6%Q3 202510.8%Q4 202510.1%Q1 202610.9%Q2 202614.3%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202614.3%+3.4 pts+10.8 pts
Q2 202610.9%+0.8 pts+2.6 pts
Q1 202610.1%-0.7 pts—
Q4 202510.8%+7.2 pts—
Q3 20253.6%-4.7 pts—
Q2 20258.3%——

Q3 2026 at a glance

VSE, Q3 2026: revenue $541M (+91% year over year), operating margin 14.3%, net earnings $47.3M, operating cash flow $56.0M. The chart follows the revenue to costs, profit and cash.

Questions

What is VSE's operating margin?

VSE's operating margin was 14.3% in Q3 2026 (third quarter 2026), +3.4 pts from Q2 2026.

How has VSE's operating margin changed?

Over the last 6 quarters it ranged from 3.6% (Q3 2025) to 14.3% (Q3 2026).

Q3 2026 results → · How VSE makes money →