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Sonos profit margin SONO

Gross, operating and net profit as a share of revenue over the last twelve months, from 2017.

Net margin, 12 months
3.8%
Operating margin, 12 months
4.4%
Net margin on a year earlier
+9.2 pts
Peer median
6.2%

Over the twelve months to Jun 27, 2026, Sonos kept 3.8% of its revenue as net profit, with an operating margin of 4.4% and a gross margin of 46.5%.

Five years earlier its net margin was 10.9%.

The median for 10 technology stocks of a similar size is 6.2%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−4.2%−3.5%43.7%
FY2024−2.5%−3.2%45.4%
FY2023−0.6%−1.2%43.3%
FY20223.8%5.1%45.4%
FY20219.2%9.0%47.2%
FY2020−1.5%−2.1%43.1%
FY2019−0.4%0.5%41.8%
FY2018−1.4%−0.8%43.0%
FY2017−1.4%n/a46.0%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q3 FY263.8%+9.2 pts4.4%
Q2 FY261.6%+6.4 pts2.2%
Q1 FY26−1.2%+3.5 pts0.1%
Q4 FY25−4.2%−1.7 pts−3.5%
Q3 FY25−5.4%−4.4 pts−6.1%
Q2 FY25−4.7%−1.9 pts−4.8%
Q1 FY25−4.7%−4.4 pts−5.5%
Q4 FY24−2.5%−1.9 pts−3.2%
Q3 FY24−1.0%+1.5 pts−0.4%
Q2 FY24−2.8%−1.6 pts−2.6%
Q1 FY24−0.3%−1.4 pts−1.7%
Q4 FY23−0.6%−4.5 pts−1.2%

Against its peers

Companies in Technology nearest Sonos' size, closest first, today.

CompanyProfit margin
SONOSonos3.8%
DVDoubleVerify7.7%
INODInnodata14.7%
BLBlackline4.7%
MQMarqeta1.5%
EVTCEVERTEC9.8%
CNXNPC Connection3.2%
RAMPLiveRamp18.7%
ATENA10 Networks13.9%
DBDDIEBOLD NIXDORF2.9%
BHEBenchmark Electronics1.9%
Peer median6.2%

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Sonos

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.