Filing Flows › Watsco (WSO) › Operating margin
Watsco (WSO) operating margin by quarter
Watsco's operating margin was 10.1% in Q3 2026 (third quarter 2026), -1.2 pts from Q2 2026. Over the last 7 quarters it ranged from 6.4% (Q4 2025) to 13.2% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 10.1% | -1.2 pts | -1.2 pts |
| Q2 2026 | 11.3% | +4.1 pts | -1.9 pts |
| Q1 2026 | 7.2% | +0.8 pts | -0.1 pts |
| Q4 2025 | 6.4% | -4.9 pts | — |
| Q3 2025 | 11.4% | -1.8 pts | — |
| Q2 2025 | 13.2% | +5.9 pts | — |
| Q1 2025 | 7.3% | — | — |
Q3 2026 at a glance
Watsco, Q3 2026: revenue $2.2B (+7% year over year), operating margin 10.1%, net earnings $155M, operating cash flow $325M. The chart follows the revenue to costs, profit and cash.
Questions
What is Watsco's operating margin?
Watsco's operating margin was 10.1% in Q3 2026 (third quarter 2026), -1.2 pts from Q2 2026.
How has Watsco's operating margin changed?
Over the last 7 quarters it ranged from 6.4% (Q4 2025) to 13.2% (Q2 2025).