What is the current annual operating margin of HSY?

As of today, HSY annual operating margin is 16.12%

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

HSY annual operating margin is down -27.78% year-over-year

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

HSY annual operating margin is down -24.53% over the past 3 years

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

HSY annual operating margin is currently -31.14% below its historical high of 23.41% set on December 31, 2023

How does HSY annual operating margin rank versus sector peers?

HSY annual operating margin is higher than 85.83% of companies in Consumer Defensive sector

When is HSY next annual earnings release?

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

What is the current quarterly operating margin of HSY?

As of today, HSY quarterly operating margin is 20.21%

What is HSY quarterly operating margin most recent change?

HSY quarterly operating margin was down -9.13% on June 28, 2026

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

HSY quarterly operating margin is up +127.33% year-over-year

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

HSY quarterly operating margin is currently -25.64% below its historical high of 27.18% set on March 1, 2023

How does HSY quarterly operating margin rank versus sector peers?

HSY quarterly operating margin is higher than 90.05% of companies in Consumer Defensive sector

When is HSY next earnings release?

The next earnings release for HSY is on November 5, 2026

HSY Operating Margin History & Chart Since 1980

Annual Operating Margin

16.12%6.20%-27.78%

December 31, 2025

Summary

Current Value: As of today, HSY annual operating margin is 16.12%, down -27.78% on December 31, 2025
Historical Performance: HSY annual operating margin is down -24.53% over the past 3 years, down -27.35% over the past 5 years
All-Time High Comparison: HSY annual operating margin is currently -31.14% below its historical high of 23.41% set on December 31, 2023
3-Year Low Comparison: HSY annual operating margin is at its 3-year low
Sector Comparison: HSY annual operating margin is higher than 85.83% of companies in Consumer Defensive sector

Operating Margin Chart

beforeafter

Performance

HSY Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	16.12%	-27.8%	-24.5%	-27.4%	-3.8%
Quarterly Operating Margin	Jun 28, 26	20.21%	+127.3%	-11.3%	-9.4%	+22.6%
Price	Aug 19, 26	$188.79	+4.4%	-13.7%	+4.7%	+242.5%
PE Ratio	Aug 19, 26	27.58	+14.8%	+9.6%	+5.3%	+31.5%
Annual Revenue	Dec 31, 25	$11.69B	+4.4%	+12.2%	+43.5%	+106.2%
Annual Operating Profit	Dec 31, 25	$1.89B	-24.6%	-15.3%	+4.2%	+98.4%
Annual Gross Margin	Dec 31, 25	37.17%	-13.3%	-13.1%	-18.1%	-11.0%
Annual Net Margin	Dec 31, 25	7.55%	-61.9%	-52.2%	-51.8%	-16.0%

Operating Margin Highs

HSY Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	23.41%	Dec 31, 23	-31.1%
5Y	23.41%	Dec 31, 23	-31.1%
All	23.41%	Dec 31, 23	-31.1%

Operating Margin Lows

HSY Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	16.12%	Dec 31, 25	at low
5Y	16.12%	Dec 31, 25	at low
All	10.41%	Dec 1, 80	+54.9%

Operating Margin History

Year	Value	Change
2025	16.12%	-27.8%
2024	22.32%	-4.7%
2023	23.41%	+9.6%
2022	21.36%	-3.0%
2021	22.02%	-0.8%
2020	22.19%	+5.2%
2019	21.09%	-3.7%
2018	21.90%	-0.1%
2017	21.93%	+11.1%
2016	19.74%	+2.7%
2015	19.22%	+4.1%
2014	18.46%	-3.1%
2013	19.05%	-1.7%
2012	19.38%	+10.2%
2011	17.58%	+4.9%
2010	16.76%	+2.8%
2009	16.30%	+8.6%
2008	15.01%	-14.9%
2007	17.63%	-13.7%
2006	20.44%	+1.3%
2005	20.18%	-0.9%
2004	20.37%	+4.5%
2003	19.50%	+7.4%

Year	Value	Change
2002	18.15%	+23.1%
2001	14.74%	+1.1%
2000	14.58%	+3.7%
1999	14.06%	-3.0%
1998	14.49%	-1.1%
1997	14.65%	+3.8%
1996	14.12%	+2.0%
1995	13.84%	+5.2%
1994	13.16%	+0.4%
1993	13.11%	-1.4%
1992	13.30%	-1.2%
1991	13.46%	-5.3%
1990	14.22%	+10.9%
1989	12.82%	+4.5%
1988	12.27%	+1.6%
1987	12.08%	-3.1%
1986	12.47%	+1.6%
1985	12.27%	+5.6%
1984	11.62%	-3.4%
1983	12.03%	+5.0%
1982	11.46%	-0.7%
1981	11.54%	+10.9%
1980	10.41%	-

FAQ

What is the current annual operating margin of HSY?: As of today, HSY annual operating margin is 16.12%
What is 1-year change in HSY annual operating margin?: HSY annual operating margin is down -27.78% year-over-year
What is 3-year change in HSY annual operating margin?: HSY annual operating margin is down -24.53% over the past 3 years
How far is HSY annual operating margin from its all-time high?: HSY annual operating margin is currently -31.14% below its historical high of 23.41% set on December 31, 2023
How does HSY annual operating margin rank versus sector peers?: HSY annual operating margin is higher than 85.83% of companies in Consumer Defensive sector
When is HSY next annual earnings release?: As of today, the next annual earnings release for HSY has not been scheduled

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

20.21%2.03%-9.13%

June 28, 2026

Summary

Current Value: As of today, HSY quarterly operating margin is 20.21%, down -9.13% on June 28, 2026
Historical Performance: HSY quarterly operating margin is up +127.33% year-over-year, down -11.28% over the past 3 years
All-Time High Comparison: HSY quarterly operating margin is currently -25.64% below its historical high of 27.18% set on March 1, 2023
3-Year Low Comparison: HSY quarterly operating margin is +127.33% above its 3-year low of 8.89% reached on June 29, 2025
Sector Comparison: HSY quarterly operating margin is higher than 90.05% of companies in Consumer Defensive sector

Performance

HSY Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jun 28, 26	20.21%	-9.1%	+127.3%	-11.3%	-9.4%
Annual Operating Margin	Dec 31, 25	16.12%	–	-27.8%	-24.5%	-27.4%
Price	Aug 19, 26	$188.79	-2.1%	+4.4%	-13.7%	+4.7%
PE Ratio	Aug 19, 26	27.58	-23.1%	+14.8%	+9.6%	+5.3%
Quarterly Revenue	Jun 28, 26	$2.79B	-10.2%	+6.6%	+11.9%	+40.1%
Quarterly Operating Profit	Jun 28, 26	$563.29M	-18.4%	+142.3%	-0.7%	+26.9%
Quarterly Gross Margin	Jun 28, 26	42.24%	+4.8%	+33.4%	-7.6%	-7.6%
Quarterly Net Margin	Jun 28, 26	16.42%	+17.1%	+584.2%	+0.5%	+8.4%

Quarterly Operating Margin Highs

HSY Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	22.24%	Mar 29, 26	-9.1%
3Y	26.91%	Mar 31, 24	-24.9%
5Y	27.18%	Mar 1, 23	-25.6%
All	27.18%	Mar 1, 23	-25.6%

Quarterly Operating Margin Lows

HSY Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	8.89%	N/A	+127.3%
3Y	8.89%	Jun 29, 25	+127.3%
5Y	8.89%	Jun 29, 25	+127.3%
All	-223.76%	Dec 31, 85	+109.0%

Quarterly Operating Margin History

Month	Value	Change
Jun 2026	20.21%	-9.1%
Mar 2026	22.24%	+40.2%
Dec 2025	15.86%	+23.0%
Sep 2025	12.89%	+45.0%
Jun 2025	8.89%	-44.0%
Mar 2025	15.88%	-33.0%
Dec 2024	23.69%	+12.4%
Sep 2024	21.08%	+19.9%
Jun 2024	17.58%	-34.7%
Mar 2024	26.91%	+38.5%
Dec 2023	19.43%	-18.0%
Sep 2023	23.70%	+4.0%
Jun 2023	22.78%	-16.2%
Mar 2023	27.18%	+32.8%
Dec 2022	20.46%	-2.5%
Sep 2022	20.99%	+6.2%
Jun 2022	19.76%	-21.6%
Mar 2022	25.22%	+27.2%
Dec 2021	19.83%	-14.4%
Sep 2021	23.16%	+3.8%
Jun 2021	22.31%	-6.0%
Mar 2021	23.73%	+25.9%
Dec 2020	18.85%	-21.5%
Sep 2020	24.02%	+8.4%
Jun 2020	22.16%	-4.8%
Mar 2020	23.28%	+27.8%
Dec 2019	18.22%	-18.3%
Sep 2019	22.30%	+6.6%
Jun 2019	20.91%	-9.3%
Mar 2019	23.06%	+19.5%
Dec 2018	19.29%	-19.9%
Sep 2018	24.09%	+18.3%
Jun 2018	20.37%	-10.9%
Mar 2018	22.86%	+28.1%
Dec 2017	17.85%	-23.4%
Sep 2017	23.31%	+5.3%
Jun 2017	22.13%	-8.1%
Mar 2017	24.09%	+29.0%
Dec 2016	18.67%	-14.2%
Sep 2016	21.75%	+26.4%
Jun 2016	17.21%	-17.9%
Mar 2016	20.95%	+10.3%
Dec 2015	18.99%	-6.7%
Sep 2015	20.35%	+19.7%
Jun 2015	17.00%	-16.2%
Mar 2015	20.29%	+15.5%
Dec 2014	17.57%	-4.2%
Sep 2014	18.34%	+12.0%
Jun 2014	16.38%	-22.4%
Mar 2014	21.11%	+32.9%
Dec 2013	15.88%	-19.4%
Sep 2013	19.71%	+8.1%
Jun 2013	18.23%	-17.4%
Mar 2013	22.07%	+33.9%
Dec 2012	16.48%	-17.4%
Sep 2012	19.95%	+6.1%
Jun 2012	18.80%	-15.3%
Mar 2012	22.20%	+32.5%
Dec 2011	16.76%	-11.3%
Sep 2011	18.90%	+14.7%
Jun 2011	16.48%	-8.3%
Mar 2011	17.97%	+20.2%
Dec 2010	14.95%	-21.3%
Sep 2010	19.00%	+18.6%
Jun 2010	16.02%	-4.9%
Mar 2010	16.85%	-5.8%
Dec 2009	17.88%	-8.8%
Sep 2009	19.61%	+38.6%
Jun 2009	14.15%	+1.7%
Mar 2009	13.91%	-17.8%
Dec 2008	16.93%	+0.2%
Sep 2008	16.90%	+40.8%
Jun 2008	12.00%	-9.1%
Mar 2008	13.20%	-20.4%
Dec 2007	16.58%	-17.2%
Sep 2007	20.03%	+32.5%
Jun 2007	15.12%	-17.1%

Month	Value	Change
Mar 2007	18.23%	-14.7%
Dec 2006	21.37%	-6.5%
Sep 2006	22.86%	+30.2%
Jun 2006	17.56%	-6.3%
Mar 2006	18.75%	-8.9%
Dec 2005	20.58%	-8.2%
Sep 2005	22.42%	+33.0%
Jun 2005	16.86%	-4.7%
Mar 2005	17.69%	-21.7%
Dec 2004	22.60%	+0.8%
Sep 2004	22.43%	+32.8%
Jun 2004	16.89%	-6.7%
Mar 2004	18.10%	-16.5%
Dec 2003	21.67%	+1.3%
Sep 2003	21.39%	+37.2%
Jun 2003	15.59%	-11.9%
Mar 2003	17.70%	-9.1%
Dec 2002	19.47%	+6.9%
Sep 2002	18.21%	+29.8%
Jun 2002	14.03%	-9.2%
Mar 2002	15.45%	-3.6%
Sep 2001	16.02%	+44.6%
Jun 2001	11.08%	-16.5%
Mar 2001	13.27%	-23.9%
Dec 2000	17.44%	+6.1%
Sep 2000	16.43%	+64.6%
Jun 2000	9.98%	-21.9%
Mar 2000	12.78%	-21.0%
Dec 1999	16.18%	+5.2%
Sep 1999	15.38%	+32.5%
Jun 1999	11.61%	-5.6%
Mar 1999	12.30%	-22.9%
Dec 1998	15.96%	-2.4%
Sep 1998	16.35%	+44.8%
Jun 1998	11.29%	-15.3%
Mar 1998	13.33%	-23.2%
Dec 1997	17.35%	+7.2%
Sep 1997	16.19%	+48.0%
Jun 1997	10.94%	-15.1%
Mar 1997	12.89%	-24.0%
Dec 1996	16.96%	+6.5%
Sep 1996	15.93%	+60.4%
Jun 1996	9.93%	-17.0%
Mar 1996	11.96%	-29.6%
Dec 1995	17.00%	+13.5%
Sep 1995	14.98%	+72.4%
Jun 1995	8.69%	-31.8%
Mar 1995	12.74%	-25.0%
Dec 1994	16.99%	+13.3%
Sep 1994	14.99%	+100.1%
Jun 1994	7.49%	-30.8%
Mar 1994	10.82%	-30.2%
Dec 1993	15.51%	+8.5%
Sep 1993	14.29%	+80.4%
Jun 1993	7.92%	-37.5%
Mar 1993	12.68%	-16.2%
Dec 1992	15.13%	+3.8%
Sep 1992	14.57%	+59.8%
Jun 1992	9.12%	-30.0%
Mar 1992	13.02%	-13.4%
Dec 1991	15.03%	-1.6%
Sep 1991	15.27%	+50.1%
Jun 1991	10.17%	-17.3%
Mar 1991	12.30%	-13.2%
Dec 1990	14.17%	+3.6%
Sep 1990	13.68%	+28.2%
Jun 1990	10.67%	-14.1%
Mar 1990	12.42%	-13.6%
Dec 1989	14.38%	+4.0%
Sep 1989	13.83%	+43.2%
Jun 1989	9.66%	+105.3%
Dec 1988	-182.95%	+17.4%
Dec 1987	-221.42%	-6.1%
Dec 1986	-208.78%	+6.7%
Dec 1985	-223.76%	-1.9%
Dec 1984	-219.50%	-

FAQ

What is the current quarterly operating margin of HSY?: As of today, HSY quarterly operating margin is 20.21%
What is HSY quarterly operating margin most recent change?: HSY quarterly operating margin was down -9.13% on June 28, 2026
What is 1-year change in HSY quarterly operating margin?: HSY quarterly operating margin is up +127.33% year-over-year
How far is HSY quarterly operating margin from its all-time high?: HSY quarterly operating margin is currently -25.64% below its historical high of 27.18% set on March 1, 2023
How does HSY quarterly operating margin rank versus sector peers?: HSY quarterly operating margin is higher than 90.05% of companies in Consumer Defensive sector
When is HSY next earnings release?: The next earnings release for HSY is on November 5, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

HSY Official Website www.thehersheycompany.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/47111/000162828026005604/0001628280-26-005604-index.htm
HSY Profile on Yahoo Finance finance.yahoo.com/quote/HSY
HSY Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/hsy