Operating Margin snapshot
Broadcom's operating margin was 39.9% in FY2025, compared with 26.1% in FY2024. On a trailing-twelve-month basis it was 43.4% as of Q2 FY26. Operating margin is operating income divided by revenue — the share of sales remaining after both cost of revenue and operating expenses (R&D, SG&A). It measures core operating profitability before interest and taxes.
Operating Margin (latest FY)
39.9%
Operating Margin (TTM)
43.4%
Gross margin (latest FY)
67.8%
Net margin (latest FY)
36.2%
Broadcom Operating Margin
Operating income ÷ revenue
Operating Margin vs. related metrics
Broadcom Operating Margin — by fiscal year
| Fiscal year | Operating margin | Gross margin | Net margin |
|---|---|---|---|
| FY2025 | 39.9% | 67.8% | 36.2% |
| FY2024 | 26.1% | 63.0% | 11.4% |
| FY2023 | 45.2% | 68.9% | 39.3% |
| FY2022 | 42.8% | 66.5% | 34.6% |
| FY2021 | 31.0% | 61.4% | 23.4% |
| FY2020 | 16.8% | 56.6% | 12.4% |
| FY2019 | 15.2% | 55.2% | 12.1% |
| FY2018 | 24.6% | 51.5% | 58.8% |
| FY2017 | 13.4% | 48.2% | 9.6% |
| FY2016 | -3.1% | 44.9% | -13.1% |
| FY2015 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Operating margin | Gross margin | Net margin |
|---|---|---|---|
| Q2 FY26 | 43.4% | 68.3% | 38.8% |
| Q1 FY26 | 40.7% | 67.8% | 36.6% |
| Q4 FY25 | 39.9% | 67.8% | 36.2% |
| Q3 FY25 | 37.7% | 66.8% | 31.6% |
| Q2 FY25 | 35.9% | 66.1% | 22.6% |
| Q1 FY25 | 32.3% | 64.7% | 18.5% |
| Q4 FY24 | 26.1% | 63.0% | 11.4% |
| Q3 FY24 | 27.9% | 63.6% | 11.5% |
| Q2 FY24 | 30.8% | 64.7% | 24.9% |
| Q1 FY24 | 36.0% | 66.6% | 30.3% |
| Q4 FY23 | 44.7% | 69.1% | 39.2% |
| Q3 FY23 | 43.4% | 68.7% | 36.7% |
Figures normalized from SEC filings. See the full Broadcom ratios & metrics.