Top Technology Stocks by Operating Margin
Top technology companies ranked by operating margin, latest annual filings.
What Operating Margin Means for Technology Companies
Operating margin in technology is what remains of each revenue dollar after hosting, research, sales, and administrative costs are paid, before interest and tax. Mature software platforms tend to command the highest operating margins in the listed universe because subscription renewal costs very little to serve once the product exists. Younger SaaS firms still reinvesting heavily in growth often post thinner operating margins, while device and component makers sit lower still thanks to full manufacturing cost structure.
Why It Matters in Technology
Operating margin is the cleanest readout of whether a technology business has reached compounding operating leverage: recurring revenue scaling faster than headcount and research spend. A rising figure often signals a platform transitioning from growth mode to profit harvest. Still, capitalized software development and acquisition-related amortization can distort the comparison between peers, and aggressive reinvestment that depresses margin today may produce entirely different economics a few years out.
What to Read Alongside
Pair operating margin with Gross Margin to see the raw product economics before research and sales spend, Net Margin for the after-tax read, and EBITDA to strip out the amortization of prior software capitalization and acquisitions.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | VRSN | VeriSign, Inc. | Technology | 67.67% | $26.44B |
| 2 | NVDA | NVIDIA Corporation | Technology | 60.38% | $5304.16B |
| 3 | MSFT | Microsoft Corporation | Technology | 46.78% | $3711.73B |
| 4 | FICO | Fair Isaac Corporation | Technology | 46.45% | $22.29B |
| 5 | CPAY | Corpay, Inc. | Technology | 44.04% | $26.03B |
| 6 | ANET | Arista Networks, Inc. | Technology | 42.82% | $242.56B |
| 7 | GEN | Gen Digital Inc. | Technology | 42.40% | $16.82B |
| 8 | AVGO | Broadcom Inc. | Technology | 39.89% | $2000.87B |
| 9 | PAYX | Paychex, Inc. | Technology | 38.55% | $42.73B |
| 10 | ADBE | Adobe Inc. | Technology | 36.63% | $103.45B |
| 11 | PTC | PTC Inc. | Technology | 35.86% | $16.02B |
| 12 | LRCX | Lam Research Corporation | Technology | 35.29% | $382.60B |
| 13 | TXN | Texas Instruments Incorporated | Technology | 34.06% | $254.25B |
| 14 | STX | Seagate Technology Holdings PLC | Technology | 33.57% | $193.32B |
| 15 | CRDO | Credo Technology Group Holding Ltd | Technology | 33.33% | $42.97B |
| 16 | YMM | Full Truck Alliance Co. Ltd. | Technology | 33.20% | $9.89B |
| 17 | UI | Ubiquiti Inc. | Technology | 32.50% | $34.33B |
| 18 | AAPL | Apple Inc. | Technology | 31.97% | $4559.37B |
| 19 | PLTR | Palantir Technologies Inc. | Technology | 31.59% | $374.68B |
| 20 | FTNT | Fortinet, Inc. | Technology | 30.66% | $117.47B |
| 21 | FSLR | First Solar, Inc. | Technology | 30.59% | $26.24B |
| 22 | ORCL | Oracle Corporation | Technology | 30.59% | $413.26B |
| 23 | CHKP | Check Point Software Technologies Ltd. | Technology | 30.49% | $12.79B |
| 24 | AMAT | Applied Materials, Inc. | Technology | 29.22% | $418.80B |
| 25 | ROP | Roper Technologies, Inc. | Technology | 28.29% | $39.27B |
| 26 | CDNS | Cadence Design Systems, Inc. | Technology | 28.17% | $93.20B |
| 27 | QCOM | QUALCOMM Incorporated | Technology | 27.90% | $168.41B |
| 28 | PAYC | Paycom Software, Inc. | Technology | 27.65% | $10.07B |
| 29 | FI | Fiserv, Inc. | Technology | 27.45% | $34.31B |
| 30 | DBX | Dropbox, Inc. | Technology | 27.33% | $8.06B |
| 31 | NTAP | NetApp, Inc. | Technology | 26.84% | $37.57B |
| 32 | ADI | Analog Devices, Inc. | Technology | 26.61% | $183.78B |
| 33 | INTU | Intuit Inc. | Technology | 26.14% | $88.05B |
| 34 | MU | Micron Technology, Inc. | Technology | 26.14% | $995.53B |
| 35 | MPWR | Monolithic Power Systems, Inc. | Technology | 26.11% | $66.79B |
| 36 | GRMN | Garmin Ltd. | Technology | 25.89% | $58.22B |
| 37 | MANH | Manhattan Associates, Inc. | Technology | 25.87% | $11.11B |
| 38 | MSI | Motorola Solutions, Inc. | Technology | 25.58% | $78.46B |
| 39 | APH | Amphenol Corporation | Technology | 25.41% | $210.36B |
| 40 | WEX | WEX Inc. | Technology | 24.95% | $6.46B |
| 41 | NXPI | NXP Semiconductors N.V. | Technology | 24.83% | $58.45B |
| 42 | FFIV | F5, Inc. | Technology | 24.80% | $23.47B |
| 43 | WDC | Western Digital Corp. | Technology | 24.52% | $155.63B |
| 44 | BSY | Bentley Systems, Incorporated | Technology | 24.15% | $10.74B |
| 45 | JKHY | Jack Henry & Associates, Inc. | Technology | 23.94% | $11.15B |
| 46 | WSE | Wise Group plc | Technology | 23.60% | $12.24B |
| 47 | ZM | Zoom Communications, Inc. | Technology | 23.08% | $29.70B |
| 48 | CRUS | Cirrus Logic, Inc. | Technology | 23.05% | $6.19B |
| 49 | SSNC | SS&C Technologies Holdings, Inc. | Technology | 22.91% | $18.73B |
| 50 | GDDY | GoDaddy Inc. | Technology | 22.77% | $11.44B |
| 51 | NICE | NICE Ltd. | Technology | 21.92% | $5.69B |
| 52 | ADSK | Autodesk, Inc. | Technology | 21.90% | $51.20B |
| 53 | PCTY | Paylocity Holding Corporation | Technology | 21.79% | $8.04B |
| 54 | CSCO | Cisco Systems, Inc. | Technology | 20.76% | $476.44B |
| 55 | OTEX | Open Text Corporation | Technology | 20.64% | $6.21B |
| 56 | TER | Teradyne, Inc. | Technology | 20.38% | $60.17B |
| 57 | PGY | Pagaya Technologies Ltd. | Technology | 20.27% | $1.79B |
| 58 | CRM | Salesforce, Inc. | Technology | 20.06% | $152.96B |
| 59 | NXT | Nextpower Inc. | Technology | 19.59% | $14.93B |
| 60 | TDY | Teledyne Technologies Incorporated | Technology | 18.80% | $31.87B |
| 61 | ACIW | ACI Worldwide, Inc. | Technology | 18.75% | $5.61B |
| 62 | TEL | TE Connectivity plc | Technology | 18.60% | $62.27B |
| 63 | ARM | Arm Holdings plc | Technology | 18.29% | $306.17B |
| 64 | VNT | Vontier Corporation | Technology | 18.26% | $4.97B |
| 65 | GTM | ZoomInfo Technologies Inc. | Technology | 18.06% | $1.21B |
| 66 | BR | Broadridge Financial Solutions Inc | Technology | 17.40% | $18.79B |
| 67 | FTV | Fortive Corporation | Technology | 17.32% | $18.38B |
| 68 | BLKB | Blackbaud, Inc. | Technology | 16.91% | $2.10B |
| 69 | TRMB | Trimble Inc. | Technology | 16.50% | $13.65B |
| 70 | FIS | Fidelity National Information Services, Inc. | Technology | 16.31% | $22.08B |
| 71 | KEYS | Keysight Technologies, Inc. | Technology | 16.30% | $57.58B |
| 72 | MRVL | Marvell Technology, Inc. | Technology | 16.14% | $188.97B |
| 73 | CTSH | Cognizant Technology Solutions Corporation | Technology | 16.06% | $25.63B |
| 74 | LOGI | Logitech International S.A. | Technology | 16.01% | $14.74B |
| 75 | IT | Gartner, Inc. | Technology | 15.79% | $11.67B |
| 76 | ESE | ESCO Technologies, Inc. | Technology | 15.55% | $8.50B |
| 77 | TYL | Tyler Technologies, Inc. | Technology | 15.34% | $12.54B |
| 78 | PEGA | Pegasystems Inc. | Technology | 15.07% | $5.21B |
| 79 | EXLS | ExlService Holdings, Inc. | Technology | 15.03% | $5.25B |
| 80 | G | GENPACT LIMITED | Technology | 14.77% | $6.13B |
| 81 | ACN | Accenture plc | Technology | 14.68% | $104.71B |
| 82 | GLW | Corning Incorporated | Technology | 14.58% | $135.39B |
| 83 | ENTG | Entegris, Inc. | Technology | 14.26% | $21.80B |
| 84 | NOW | ServiceNow, Inc. | Technology | 13.74% | $121.32B |
| 85 | PANW | Palo Alto Networks, Inc. | Technology | 13.48% | $292.98B |
| 86 | AKAM | Akamai Technologies, Inc. | Technology | 13.47% | $17.24B |
| 87 | MKSI | MKS Inc. | Technology | 13.43% | $19.68B |
| 88 | WNS | WNS (Holdings) Limited | Technology | 13.34% | $3.29B |
| 89 | ITRI | Itron, Inc. | Technology | 13.23% | $4.50B |
| 90 | ALRM | Alarm.com Holdings, Inc. | Technology | 13.22% | $2.78B |
| 91 | ONTO | Onto Innovation Inc. | Technology | 13.22% | $13.37B |
| 92 | DUOL | Duolingo, Inc. | Technology | 13.07% | $5.74B |
| 93 | SNPS | Synopsys, Inc. | Technology | 12.97% | $77.74B |
| 94 | ZBRA | Zebra Technologies Corporation | Technology | 12.97% | $17.23B |
| 95 | OSIS | OSI Systems, Inc. | Technology | 12.70% | $3.91B |
| 96 | SHOP | Shopify Inc. | Technology | 12.70% | $189.70B |
| 97 | DOX | Amdocs Limited | Technology | 12.56% | $6.28B |
| 98 | EEFT | Euronet Worldwide, Inc. | Technology | 12.48% | $2.73B |
| 99 | TSEM | Tower Semiconductor Ltd. | Technology | 12.40% | $25.40B |
| 100 | TDC | TERADATA CORPORATION | Technology | 12.33% | $2.51B |
No companies match this search.
How this ranking is built
Companies are ranked by operating margin as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.