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Williams Companies (WMB) operating margin by quarter

Williams Companies' operating margin was 35.2% in Q3 2026 (third quarter 2026), -3.5 pts from Q2 2026. Over the last 7 quarters it ranged from 32.8% (Q4 2025) to 43.6% (Q1 2026).

Williams Companies operating margin by quarterWilliams Companies operating margin by quarter35.9%Q1 202534.0%Q2 202537.9%Q3 202532.8%Q4 202543.6%Q1 202638.7%Q2 202635.2%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202635.2%-3.5 pts-2.7 pts
Q2 202638.7%-4.9 pts+4.7 pts
Q1 202643.6%+10.8 pts+7.7 pts
Q4 202532.8%-5.2 pts—
Q3 202537.9%+4.0 pts—
Q2 202534.0%-1.9 pts—
Q1 202535.9%——

Q3 2026 at a glance

Williams Companies, Q3 2026: revenue $3.2B (+10% year over year), operating margin 35.2%, net earnings $700M. The chart follows the revenue to costs, profit and cash.

Questions

What is Williams Companies' operating margin?

Williams Companies' operating margin was 35.2% in Q3 2026 (third quarter 2026), -3.5 pts from Q2 2026.

How has Williams Companies' operating margin changed?

Over the last 7 quarters it ranged from 32.8% (Q4 2025) to 43.6% (Q1 2026).

Q3 2026 results → · How Williams Companies makes money →