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](/financials/top-gross-margin-stocks/technology/) to see the raw product economics before research and sales spend, [Net Margin](/financials/top-net-margin-stocks/technology/) for the after-tax read, and [EBITDA](/financials/top-ebitda-stocks/technology/) to strip out the amortization of prior software capitalization and acquisitions.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | VRSN | VeriSign, Inc. | Technology | 67.67% | $25.13B |
| 2 | NVEC | NVE Corporation | Technology | 61.81% | $0.39B |
| 3 | NVDA | NVIDIA Corporation | Technology | 60.38% | $4910.06B |
| 4 | IDCC | InterDigital, Inc. | Technology | 55.26% | $9.48B |
| 5 | YYAI | AiRWA Inc. | Technology | 51.33% | $0.04B |
| 6 | GOAI | Eva Live, Inc. | Technology | 48.25% | $0.15B |
| 7 | FICO | Fair Isaac Corporation | Technology | 46.45% | $25.23B |
| 8 | MSFT | Microsoft Corporation | Technology | 45.62% | $3104.43B |
| 9 | CPAY | Corpay, Inc. | Technology | 44.04% | $22.31B |
| 10 | CCSI | Consensus Cloud Solutions, Inc. | Technology | 42.96% | $0.54B |
| 11 | ANET | Arista Networks, Inc. | Technology | 42.82% | $210.09B |
| 12 | GEN | Gen Digital Inc. | Technology | 40.91% | $12.37B |
| 13 | MASK | 3 E Network Technology Group Limited | Technology | 39.93% | $0.00B |
| 14 | AVGO | Broadcom Inc. | Technology | 39.89% | $1892.12B |
| 15 | PAYX | Paychex, Inc. | Technology | 39.62% | $33.35B |
| 16 | ADEA | Adeia Inc. | Technology | 39.47% | $3.27B |
| 17 | RMBS | Rambus Inc. | Technology | 36.77% | $13.72B |
| 18 | ADBE | Adobe Inc. | Technology | 36.63% | $100.50B |
| 19 | PTC | PTC Inc. | Technology | 35.86% | $16.75B |
| 20 | YALA | Yalla Group Limited | Technology | 35.74% | $1.10B |
| 21 | TXN | Texas Instruments Incorporated | Technology | 34.06% | $212.78B |
| 22 | DQ | Daqo New Energy Corp. | Technology | 33.95% | $1.50B |
| 23 | YMM | Full Truck Alliance Co. Ltd. | Technology | 33.20% | $9.22B |
| 24 | QLYS | Qualys, Inc. | Technology | 33.17% | $2.93B |
| 25 | UI | Ubiquiti Inc. | Technology | 32.50% | $65.46B |
| 26 | LRCX | Lam Research Corporation | Technology | 32.01% | $328.63B |
| 27 | AAPL | Apple Inc. | Technology | 31.97% | $4008.69B |
| 28 | PLTR | Palantir Technologies Inc. | Technology | 31.59% | $348.92B |
| 29 | ORCL | Oracle Corporation | Technology | 30.80% | $510.73B |
| 30 | FTNT | Fortinet, Inc. | Technology | 30.66% | $61.12B |
| 31 | FSLR | First Solar, Inc. | Technology | 30.59% | $20.68B |
| 32 | CHKP | Check Point Software Technologies Ltd. | Technology | 30.49% | $14.40B |
| 33 | AMAT | Applied Materials, Inc. | Technology | 29.22% | $310.79B |
| 34 | AIOS | AIOS Tech Inc. | Technology | 29.03% | $0.00B |
| 35 | DSGX | The Descartes Systems Group Inc. | Technology | 28.80% | $6.62B |
| 36 | NVMI | Nova Ltd. | Technology | 28.78% | $16.91B |
| 37 | GRND | Grindr Inc. | Technology | 28.71% | $2.47B |
| 38 | ROP | Roper Technologies, Inc. | Technology | 28.29% | $36.84B |
| 39 | CDNS | Cadence Design Systems, Inc. | Technology | 28.17% | $87.94B |
| 40 | QCOM | QUALCOMM Incorporated | Technology | 27.90% | $146.73B |
| 41 | PAYC | Paycom Software, Inc. | Technology | 27.65% | $6.34B |
| 42 | TRAK | ReposiTrak, Inc. | Technology | 27.55% | $0.15B |
| 43 | FI | Fiserv, Inc. | Technology | 27.45% | $34.31B |
| 44 | DBX | Dropbox, Inc. | Technology | 27.33% | $5.81B |
| 45 | ADI | Analog Devices, Inc. | Technology | 26.61% | $186.03B |
| 46 | MU | Micron Technology, Inc. | Technology | 26.14% | $505.70B |
| 47 | INTU | Intuit Inc. | Technology | 26.14% | $111.96B |
| 48 | MPWR | Monolithic Power Systems, Inc. | Technology | 26.11% | $73.23B |
| 49 | GRMN | Garmin Ltd. | Technology | 25.89% | $51.49B |
| 50 | MANH | Manhattan Associates, Inc. | Technology | 25.87% | $7.93B |
| 51 | CAMT | Camtek Ltd. | Technology | 25.84% | $8.59B |
| 52 | MSI | Motorola Solutions, Inc. | Technology | 25.58% | $74.28B |
| 53 | APH | Amphenol Corporation | Technology | 25.41% | $187.87B |
| 54 | FIEE | FiEE, Inc. | Technology | 25.03% | $0.06B |
| 55 | WEX | WEX Inc. | Technology | 24.95% | $6.08B |
| 56 | NXPI | NXP Semiconductors N.V. | Technology | 24.83% | $55.93B |
| 57 | FFIV | F5, Inc. | Technology | 24.80% | $17.75B |
| 58 | WDC | Western Digital Corporation | Technology | 24.52% | $126.84B |
| 59 | PLAB | Photronics, Inc. | Technology | 24.51% | $2.91B |
| 60 | VRRM | Verra Mobility Corporation | Technology | 24.35% | $2.35B |
| 61 | BSY | Bentley Systems, Incorporated | Technology | 24.15% | $10.68B |
| 62 | JKHY | Jack Henry & Associates, Inc. | Technology | 23.94% | $11.10B |
| 63 | ZM | Zoom Communications, Inc. | Technology | 23.08% | $26.69B |
| 64 | SSNC | SS&C Technologies Holdings, Inc. | Technology | 22.91% | $17.16B |
| 65 | GDDY | GoDaddy Inc. | Technology | 22.77% | $11.68B |
| 66 | WETH | Wetouch Technology Inc. | Technology | 22.08% | $0.02B |
| 67 | NICE | NICE Ltd. | Technology | 21.92% | $6.27B |
| 68 | ADSK | Autodesk, Inc. | Technology | 21.90% | $51.76B |
| 69 | CRUS | Cirrus Logic, Inc. | Technology | 21.64% | $8.59B |
| 70 | NXT | Nextpower Inc. | Technology | 21.60% | $15.81B |
| 71 | FATN | FatPipe, Inc. | Technology | 21.31% | $0.03B |
| 72 | ITRN | Ituran Location and Control Ltd. | Technology | 21.17% | $1.11B |
| 73 | STX | Seagate Technology Holdings plc | Technology | 20.78% | $120.92B |
| 74 | CSCO | Cisco Systems, Inc. | Technology | 20.76% | $346.45B |
| 75 | ARM | Arm Holdings plc | Technology | 20.74% | $185.96B |
| 76 | YOU | Clear Secure, Inc. | Technology | 20.70% | $5.64B |
| 77 | TER | Teradyne, Inc. | Technology | 20.38% | $58.74B |
| 78 | NTAP | NetApp, Inc. | Technology | 20.34% | $21.07B |
| 79 | ALAB | Astera Labs, Inc. | Technology | 20.34% | $29.92B |
| 80 | MGRT | Mega Fortune Company Limited | Technology | 20.29% | $1.91B |
| 81 | PGY | Pagaya Technologies Ltd. | Technology | 20.27% | $1.24B |
| 82 | CRM | Salesforce, Inc. | Technology | 20.06% | $152.38B |
| 83 | BMI | Badger Meter, Inc. | Technology | 20.01% | $3.31B |
| 84 | EVTC | EVERTEC, Inc. | Technology | 20.01% | $1.91B |
| 85 | OSPN | OneSpan Inc. | Technology | 19.92% | $0.43B |
| 86 | PCTY | Paylocity Holding Corporation | Technology | 19.06% | $5.56B |
| 87 | MPTI | M-tron Industries, Inc. | Technology | 18.91% | $0.23B |
| 88 | TDY | Teledyne Technologies Incorporated | Technology | 18.80% | $29.91B |
| 89 | ACIW | ACI Worldwide, Inc. | Technology | 18.75% | $4.58B |
| 90 | TEL | TE Connectivity plc | Technology | 18.60% | $72.67B |
| 91 | AGMH | AGM Group Holdings Inc. | Technology | 18.56% | $0.00B |
| 92 | BKTI | BK Technologies Corporation | Technology | 18.56% | $0.35B |
| 93 | DFIN | Donnelley Financial Solutions, Inc. | Technology | 18.40% | $1.50B |
| 94 | VNT | Vontier Corporation | Technology | 18.26% | $5.26B |
| 95 | VICR | Vicor Corporation | Technology | 18.08% | $10.20B |
| 96 | GTM | ZoomInfo Technologies Inc. | Technology | 18.06% | $1.86B |
| 97 | LGCL | Lucas GC Limited | Technology | 17.65% | $0.09B |
| 98 | DOCN | DigitalOcean Holdings, Inc. | Technology | 17.42% | $9.31B |
| 99 | ACFN | Acorn Energy, Inc. | Technology | 17.33% | $0.05B |
| 100 | FTV | Fortive Corporation | Technology | 17.32% | $18.77B |
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.