TTM
30.8%
YoY change
+30.90pp
Trough year (2000)
-18.1%
Peak year (2025)
24.5%
Latest annual
24.5%
Operating Margin history chart for Western Digital (WDC) from 1986 to 2025
Latest: 24.5%
Operating Margin change chart for Western Digital (WDC) from 1986 to 2025
Latest: +30.90pp
Operating Margin history table for Western Digital (WDC) from 1986 to 2025
| 2025 | 24.5% | +30.90pp | ||
| 2024 | -6.4% | +2.38pp | ||
| 2023 | -8.8% | -21.48pp | ||
| 2022 | 12.7% | +5.51pp | ||
| 2021 | 7.2% | +5.21pp | ||
| 2020 | 2.0% | +1.48pp | ||
| 2019 | 0.5% | -16.99pp | ||
| 2018 | 17.5% | +7.28pp | ||
| 2017 | 10.2% | +6.65pp | ||
| 2016 | 3.6% | -7.47pp | ||
| 2015 | 11.1% | -0.78pp | ||
| 2014 | 11.8% | +3.59pp | ||
| 2013 | 8.2% | -5.95pp | ||
| 2012 | 14.2% | +5.99pp | ||
| 2011 | 8.2% | -7.28pp | ||
| 2010 | 15.5% | +8.52pp | ||
| 2009 | 7.0% | -5.50pp | ||
| 2008 | 12.5% | +4.87pp | ||
| 2007 | 7.6% | -0.84pp | ||
| 2006 | 8.4% | +3.08pp | ||
| 2005 | 5.4% | +0.31pp | ||
| 2004 | 5.0% | -1.83pp | ||
| 2003 | 6.9% | +4.52pp | ||
| 2002 | 2.4% | +3.46pp | ||
| 2001 | -1.1% | +16.98pp | ||
| 2000 | -18.1% | -3.05pp | ||
| 1999 | -15.0% | -6.68pp | ||
| 1998 | -8.4% | -15.57pp | ||
| 1997 | 7.2% | +4.52pp | ||
| 1996 | 2.7% | -3.54pp | ||
| 1995 | 6.2% | +0.27pp | ||
| 1994 | 6.0% | +6.78pp | ||
| 1993 | -0.8% | +6.32pp | ||
| 1992 | -7.1% | -3.47pp | ||
| 1991 | -3.7% | -7.40pp | ||
| 1990 | 3.7% | -2.20pp | ||
| 1989 | 5.9% | -1.48pp | ||
| 1988 | 7.4% | -5.20pp | ||
| 1987 | 12.6% | +1.58pp | ||
| 1986 | 11.0% | — |
- 202524.5%+30.90pp
- 2024-6.4%+2.38pp
- 2023-8.8%-21.48pp
- 202212.7%+5.51pp
- 20217.2%+5.21pp
- 20202.0%+1.48pp
- 20190.5%-16.99pp
- 201817.5%+7.28pp
- 201710.2%+6.65pp
- 20163.6%-7.47pp
- 201511.1%-0.78pp
- 201411.8%+3.59pp
- 20138.2%-5.95pp
- 201214.2%+5.99pp
- 20118.2%-7.28pp
- 201015.5%+8.52pp
- 20097.0%-5.50pp
- 200812.5%+4.87pp
- 20077.6%-0.84pp
- 20068.4%+3.08pp
- 20055.4%+0.31pp
- 20045.0%-1.83pp
- 20036.9%+4.52pp
- 20022.4%+3.46pp
- 2001-1.1%+16.98pp
- 2000-18.1%-3.05pp
- 1999-15.0%-6.68pp
- 1998-8.4%-15.57pp
- 19977.2%+4.52pp
- 19962.7%-3.54pp
- 19956.2%+0.27pp
- 19946.0%+6.78pp
- 1993-0.8%+6.32pp
- 1992-7.1%-3.47pp
- 1991-3.7%-7.40pp
- 19903.7%-2.20pp
- 19895.9%-1.48pp
- 19887.4%-5.20pp
- 198712.6%+1.58pp
- 198611.0%—
Operating Margin values are taken from Western Digital's reported income statements (quarterly 10-Q and annual 10-K 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 Western Digital (WDC)
According to Western Digital's latest reported financial statements, the company's latest reported operating margin is 30.8%. 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, Western Digital (WDC) reported operating margin of 24.52% – expanded 30.9 percentage points year-over-year.
The record annual operating margin stands at 24.52%, reached in 2025; the historical low of -18.08% was recorded in 2000.
Western Digital Operating Margin by Year
Western Digital Operating Margin 2025: 24.5%
In 2025, Western Digital reported operating margin of 24.52%, expanded 30.9 percentage points from 2024. This figure represents the highest annual value in the available history.
Western Digital Operating Margin 2024: -6.4%
Western Digital operating margin in 2024 was -6.38%, expanded 2.4 percentage points from 2023.
Western Digital Operating Margin 2023: -8.8%
2023's operating margin for Western Digital came in at -8.76%, contracted 21.5 percentage points from 2022.
Western Digital Operating Margin 2022: 12.7%
Western Digital posted operating margin of 12.72% in 2022, expanded 5.5 percentage points from 2021.
Western Digital Operating Margin 2021: 7.2%
Western Digital operating margin in 2021 was 7.21%.
See more financial history for Western Digital (WDC).
Sector peers by Operating Margin
Technology peers of Western Digital (WDC), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
Frequently asked questions
Western Digital (WDC) Key Financials
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