What is the current annual operating margin of AA?

As of today, AA annual operating margin is 9.71%

What is 1-year change in AA annual operating margin?

AA annual operating margin is up +1.46% year-over-year

What is 3-year change in AA annual operating margin?

AA annual operating margin is down -26.99% over the past 3 years

How far is AA annual operating margin from its all-time high?

AA annual operating margin is currently -54.82% below its historical high of 21.49% set on December 1, 1989

How does AA annual operating margin rank versus sector peers?

AA annual operating margin is higher than 52.14% of companies in Basic Materials sector

When is AA next annual earnings release?

As of today, the next annual earnings release for AA has not been scheduled

What is the current quarterly operating margin of AA?

As of today, AA quarterly operating margin is 13.86%

What is AA quarterly operating margin most recent change?

AA quarterly operating margin was up +49.03% on June 30, 2026

What is 1-year change in AA quarterly operating margin?

AA quarterly operating margin is up +242.22% year-over-year

How far is AA quarterly operating margin from its all-time high?

AA quarterly operating margin is currently -53.25% below its historical high of 29.65% set on March 31, 2022

How does AA quarterly operating margin rank versus sector peers?

AA quarterly operating margin is higher than 54.50% of companies in Basic Materials sector

When is AA next earnings release?

The next earnings release for AA is on October 15, 2026

AA Operating Margin History & Chart Since 1980

Annual Operating Margin

9.71%0.14%+1.46%

December 31, 2025

Summary

Current Value: As of today, AA annual operating margin is 9.71%, up +1.46% on December 31, 2025
Historical Performance: AA annual operating margin is down -26.99% over the past 3 years, up +70.95% over the past 5 years
All-Time High Comparison: AA annual operating margin is currently -54.82% below its historical high of 21.49% set on December 1, 1989
3-Year Low Comparison: AA annual operating margin is +4513.64% above its 3-year low of -0.22% reached on December 31, 2023
Sector Comparison: AA annual operating margin is higher than 52.14% of companies in Basic Materials sector

Operating Margin Chart

beforeafter

Performance

AA Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	9.71%	+1.5%	-27.0%	+71.0%	+53.1%
Quarterly Operating Margin	Jun 30, 26	13.86%	+242.2%	+6400.0%	-22.9%	+29.9%
Price	Aug 10, 26	$51.63	+76.0%	+61.5%	+15.6%	+75.4%
PE Ratio	Aug 10, 26	10.59	+40.8%	–	-46.2%	-37.0%
Annual Revenue	Dec 31, 25	$13.19B	+8.3%	+3.4%	+40.7%	-37.6%
Annual Operating Profit	Dec 31, 25	$1.25B	+6.9%	-26.6%	+134.2%	-7.0%
Annual Gross Margin	Dec 31, 25	12.23%	-0.5%	-19.3%	+49.9%	+4.4%
Annual Net Margin	Dec 31, 25	8.82%	+4310.0%	+2840.0%	+5980.0%	+366.7%

Operating Margin Highs

AA Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	13.30%	N/A	-27.0%
5Y	19.01%	Dec 31, 21	-48.9%
All	21.49%	Dec 1, 89	-54.8%

Operating Margin Lows

AA Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	-0.22%	Dec 31, 23	+4513.6%
5Y	-0.22%	Dec 31, 23	+4513.6%
All	-6.54%	Dec 1, 09	+248.5%

Operating Margin History

Year	Value	Change
2025	9.71%	+1.5%
2024	9.57%	+4,450.0%
2023	-0.22%	-101.7%
2022	13.30%	-30.0%
2021	19.01%	+234.7%
2020	5.68%	-33.4%
2019	8.53%	-52.3%
2018	17.87%	+23.2%
2017	14.50%	+251.1%
2016	4.13%	-53.2%
2015	8.83%	-5.0%
2014	9.29%	+85.8%
2013	5.00%	+118.3%
2012	2.29%	-69.9%
2011	7.60%	+19.9%
2010	6.34%	+196.9%
2009	-6.54%	-182.8%
2008	7.90%	-34.9%
2007	12.13%	-11.5%
2006	13.71%	+65.2%
2005	8.30%	-10.1%
2004	9.23%	+17.9%
2003	7.83%	+2.6%

Year	Value	Change
2002	7.63%	-23.2%
2001	9.93%	-26.2%
2000	13.45%	+14.4%
1999	11.76%	+9.1%
1998	10.78%	-3.3%
1997	11.15%	+8.1%
1996	10.31%	-11.2%
1995	11.61%	+120.3%
1994	5.27%	+41.7%
1993	3.72%	-36.8%
1992	5.89%	-26.1%
1991	7.97%	-42.8%
1990	13.93%	-35.2%
1989	21.49%	+5.7%
1988	20.34%	+75.0%
1987	11.62%	+41.4%
1986	8.22%	+25.9%
1985	6.53%	-39.0%
1984	10.70%	+44.2%
1983	7.42%	>+9,900.0%
1982	-0.04%	-100.4%
1981	8.89%	-37.7%
1980	14.26%	-

FAQ

What is the current annual operating margin of AA?: As of today, AA annual operating margin is 9.71%
What is 1-year change in AA annual operating margin?: AA annual operating margin is up +1.46% year-over-year
What is 3-year change in AA annual operating margin?: AA annual operating margin is down -26.99% over the past 3 years
How far is AA annual operating margin from its all-time high?: AA annual operating margin is currently -54.82% below its historical high of 21.49% set on December 1, 1989
How does AA annual operating margin rank versus sector peers?: AA annual operating margin is higher than 52.14% of companies in Basic Materials sector
When is AA next annual earnings release?: As of today, the next annual earnings release for AA has not been scheduled

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

13.86%4.56%+49.03%

June 30, 2026

Summary

Current Value: As of today, AA quarterly operating margin is 13.86%, up +49.03% on June 30, 2026
Historical Performance: AA quarterly operating margin is up +242.22% year-over-year, up +6400.00% over the past 3 years
All-Time High Comparison: AA quarterly operating margin is currently -53.25% below its historical high of 29.65% set on March 31, 2022
3-Year Low Comparison: AA quarterly operating margin is +613.33% above its 3-year low of -2.70% reached on December 31, 2023
Sector Comparison: AA quarterly operating margin is higher than 54.50% of companies in Basic Materials sector

Performance

AA Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jun 30, 26	13.86%	+49.0%	+242.2%	+6400.0%	-22.9%
Annual Operating Margin	Dec 31, 25	9.71%	–	+1.5%	-27.0%	+71.0%
Price	Aug 10, 26	$51.63	-21.0%	+76.0%	+61.5%	+15.6%
PE Ratio	Aug 10, 26	10.59	-35.5%	+40.8%	–	-46.2%
Quarterly Revenue	Jun 30, 26	$3.78B	+23.5%	+28.6%	+39.0%	+30.3%
Quarterly Operating Profit	Jun 30, 26	$524.00M	+83.9%	+340.3%	+8833.3%	+0.4%
Quarterly Gross Margin	Jun 30, 26	20.83%	+68.8%	+187.7%	+990.6%	+3.9%
Quarterly Net Margin	Jun 30, 26	10.31%	-24.3%	+100.6%	+331.7%	-14.5%

Quarterly Operating Margin Highs

AA Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	18.49%	Dec 31, 25	-25.0%
3Y	25.32%	Dec 31, 24	-45.3%
5Y	29.65%	Mar 31, 22	-53.3%
All	29.65%	Mar 31, 22	-53.3%

Quarterly Operating Margin Lows

AA Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	1.75%	Sep 30, 25	+692.0%
3Y	-2.70%	Dec 31, 23	+613.3%
5Y	-4.30%	Dec 31, 22	+422.3%
All	-11.56%	Dec 1, 09	+219.9%

Quarterly Operating Margin History

Month	Value	Change
Jun 2026	13.86%	+49.0%
Mar 2026	9.30%	-49.7%
Dec 2025	18.49%	+956.6%
Sep 2025	1.75%	-56.8%
Jun 2025	4.05%	-81.0%
Mar 2025	21.32%	-15.8%
Dec 2024	25.32%	+166.2%
Sep 2024	9.51%	+110.4%
Jun 2024	4.52%	+653.3%
Mar 2024	0.60%	+122.2%
Dec 2023	-2.70%	-66.7%
Sep 2023	-1.62%	-636.4%
Jun 2023	-0.22%	-106.3%
Mar 2023	3.47%	+180.7%
Dec 2022	-4.30%	-793.5%
Sep 2022	0.62%	-97.0%
Jun 2022	20.83%	-29.7%
Mar 2022	29.65%	+26.1%
Dec 2021	23.51%	+15.6%
Sep 2021	20.34%	+13.1%
Jun 2021	17.98%	+33.1%
Mar 2021	13.51%	+47.7%
Dec 2020	9.15%	+56.1%
Sep 2020	5.86%	+368.8%
Jun 2020	1.25%	-79.0%
Mar 2020	5.95%	0.0%
Dec 2019	5.95%	-22.8%
Sep 2019	7.71%	-25.7%
Jun 2019	10.38%	+6.4%
Mar 2019	9.76%	-45.7%
Dec 2018	17.96%	-11.0%
Sep 2018	20.18%	+24.0%
Jun 2018	16.27%	-4.7%
Mar 2018	17.07%	-9.6%
Dec 2017	18.88%	+50.1%
Sep 2017	12.58%	+9.9%
Jun 2017	11.45%	-21.9%
Mar 2017	14.67%	+140.9%
Dec 2016	6.09%	+69.2%
Sep 2016	3.60%	-35.1%
Jun 2016	5.55%	+4,064.3%
Mar 2016	-0.14%	-103.1%
Dec 2015	4.56%	-32.3%
Sep 2015	6.74%	-36.1%
Jun 2015	10.55%	-19.0%
Mar 2015	13.02%	+18.3%
Dec 2014	11.01%	-0.8%
Sep 2014	11.10%	+53.1%
Jun 2014	7.25%	+15.8%
Mar 2014	6.26%	+57.7%
Dec 2013	3.97%	-31.0%
Sep 2013	5.75%	+34.3%
Jun 2013	4.28%	-26.2%
Mar 2013	5.80%	+58.0%
Dec 2012	3.67%	+313.4%
Sep 2012	-1.72%	-163.5%
Jun 2012	2.71%	-38.3%

Month	Value	Change
Mar 2012	4.39%	+225.2%
Dec 2011	1.35%	-82.0%
Sep 2011	7.48%	-29.9%
Jun 2011	10.67%	+0.9%
Mar 2011	10.58%	+47.6%
Dec 2010	7.17%	+127.6%
Sep 2010	3.15%	-68.8%
Jun 2010	10.08%	+108.3%
Mar 2010	4.84%	+141.9%
Dec 2009	-11.56%	-336.4%
Sep 2009	4.89%	+148.4%
Jun 2009	-10.10%	-3.6%
Mar 2009	-9.75%	-112.0%
Dec 2008	-4.60%	-151.8%
Sep 2008	8.88%	-19.6%
Jun 2008	11.04%	+6.3%
Mar 2008	10.39%	+65.4%
Dec 2007	6.28%	-34.7%
Sep 2007	9.61%	-32.6%
Jun 2007	14.25%	-6.2%
Mar 2007	15.19%	+24.9%
Dec 2006	12.16%	+1.8%
Sep 2006	11.95%	-25.0%
Jun 2006	15.93%	+8.9%
Mar 2006	14.63%	+96.6%
Dec 2005	7.44%	+2.6%
Sep 2005	7.25%	-15.8%
Jun 2005	8.61%	-11.5%
Mar 2005	9.73%	+27.2%
Dec 2004	7.65%	-13.9%
Sep 2004	8.89%	-12.2%
Jun 2004	10.13%	+1.9%
Mar 2004	9.94%	+40.2%
Dec 2003	7.09%	-18.7%
Sep 2003	8.72%	+14.1%
Jun 2003	7.64%	-3.8%
Mar 2003	7.94%	+1.9%
Sep 2002	7.79%	-9.4%
Jun 2002	8.60%	+22.9%
Mar 2002	7.00%	+418.2%
Dec 2001	-2.20%	-118.5%
Sep 2001	11.87%	+2.5%
Jun 2001	11.58%	-6.8%
Mar 2001	12.42%	+12.5%
Dec 2000	11.04%	-11.9%
Sep 2000	12.53%	-6.1%
Jun 2000	13.34%	-14.7%
Mar 2000	15.63%	+12.9%
Dec 1999	13.85%	+18.6%
Sep 1999	11.68%	-2.1%
Jun 1999	11.93%	+14.3%
Mar 1999	10.44%	+43.6%
Dec 1998	7.27%	-32.3%
Sep 1998	10.74%	-13.8%
Jun 1998	12.46%	-6.7%
Mar 1998	13.35%	-

FAQ

What is the current quarterly operating margin of AA?: As of today, AA quarterly operating margin is 13.86%
What is AA quarterly operating margin most recent change?: AA quarterly operating margin was up +49.03% on June 30, 2026
What is 1-year change in AA quarterly operating margin?: AA quarterly operating margin is up +242.22% year-over-year
How far is AA quarterly operating margin from its all-time high?: AA quarterly operating margin is currently -53.25% below its historical high of 29.65% set on March 31, 2022
How does AA quarterly operating margin rank versus sector peers?: AA quarterly operating margin is higher than 54.50% of companies in Basic Materials sector
When is AA next earnings release?: The next earnings release for AA is on October 15, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

AA Official Website www.alcoa.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1675149/000119312526019438/0001193125-26-019438-index.htm
AA Profile on Yahoo Finance finance.yahoo.com/quote/AA
AA Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/aa