Petróleo Brasileiro S.A. - Petrobras (PBR): operating margin, 10 filed years
Operating margin at Petróleo Brasileiro S.A. - Petrobras was 29.4% in FY2024, the newest filed year. Across the 10 computed years from FY2015 it ranged from 5.3% (FY2016) to 45.9% (FY2022), with a median of 23.4%.
Tonight's figure on the company page: 29.4%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Operating margin | Read from |
|---|---|---|
| FY2015 | 15.1% | period ended 2015-12-31 |
| FY2016 | 5.3% | 20-F, filed 2018-04-18 |
| FY2017 | 13.6% | 20-F, filed 2018-04-18 |
| FY2018 | 19.8% | 20-F, filed 2019-04-01 |
| FY2019 | 26.9% | 20-F, filed 2020-03-23 |
| FY2020 | 18.8% | 20-F, filed 2021-03-25 |
| FY2021 | 44.8% | 20-F, filed 2022-03-30 |
| FY2022 | 45.9% | 20-F, filed 2023-03-29 |
| FY2023 | 37.1% | 20-F, filed 2024-04-12 |
| FY2024 | 29.4% | 20-F, filed 2025-04-03 |
How each year is computed
Operating income / revenue x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.