Filing Flows › Waters (WAT) › Operating margin
Waters (WAT) operating margin by quarter
Waters' operating margin was 7.2% in Q3 2026 (third quarter 2026), -21.8 pts from Q4 2025. Over the last 5 quarters it ranged from 7.2% (Q3 2026) to 29.0% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 7.2% | -21.8 pts | -16.8 pts |
| Q4 2025 | 29.0% | +5.0 pts | — |
| Q3 2025 | 24.0% | -0.4 pts | — |
| Q2 2025 | 24.4% | +1.4 pts | — |
| Q1 2025 | 23.0% | — | — |
Q3 2026 at a glance
Waters, Q3 2026: revenue $1.8B (+121% year over year), operating margin 7.2%, net earnings $81.0M, operating cash flow $98.0M. The chart follows the revenue to costs, profit and cash.
Questions
What is Waters' operating margin?
Waters' operating margin was 7.2% in Q3 2026 (third quarter 2026), -21.8 pts from Q4 2025.
How has Waters' operating margin changed?
Over the last 5 quarters it ranged from 7.2% (Q3 2026) to 29.0% (Q4 2025).