TTM
-29.2%
YoY change
+18.99pp
Trough year (2020)
-77.8%
Peak year (2025)
4.4%
Latest annual
4.4%
Operating Margin history chart for IREN (IREN) from 2020 to 2025
Latest: 4.4%
Operating Margin change chart for IREN (IREN) from 2020 to 2025
Latest: +18.99pp
Operating Margin history table for IREN (IREN) from 2020 to 2025
| 2025 | 4.4% | +18.99pp | ||
| 2024 | -14.6% | +49.74pp | ||
| 2023 | -64.3% | -65.09pp | ||
| 2022 | 0.8% | +4.77pp | ||
| 2021 | -4.0% | +73.84pp | ||
| 2020 | -77.8% | — |
- 20254.4%+18.99pp
- 2024-14.6%+49.74pp
- 2023-64.3%-65.09pp
- 20220.8%+4.77pp
- 2021-4.0%+73.84pp
- 2020-77.8%—
Operating Margin values are taken from IREN's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at IREN (IREN)
According to IREN's latest reported financial statements, the company's latest reported operating margin is -29.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, IREN (IREN) reported operating margin of 4.42% – expanded 19.0 percentage points year-over-year.
2025 marks the peak operating margin at 4.42%, with the historical low of -77.83% recorded in 2020.
IREN Operating Margin by Year
IREN Operating Margin 2025: 4.4%
In 2025, IREN reported operating margin of 4.42%, expanded 19.0 percentage points from 2024. This figure represents the highest annual value in the available history.
IREN Operating Margin 2024: -14.6%
IREN operating margin in 2024 was -14.57%, expanded 49.7 percentage points from 2023.
IREN Operating Margin 2023: -64.3%
2023's operating margin for IREN came in at -64.31%, contracted 65.1 percentage points from 2022.
IREN Operating Margin 2022: 0.8%
IREN posted operating margin of 0.78% in 2022, expanded 4.8 percentage points from 2021.
IREN Operating Margin 2021: -4.0%
IREN operating margin in 2021 was -3.99%.
See more financial history for IREN (IREN).
Sector peers by Operating Margin
Financial Services peers of IREN (IREN), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
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