IREN Limited

IREN Financial Capital Markets

IREN Limited’s revenue for fiscal 2026 (year ended June 2026) was $707.0 million, up 41.1% from fiscal 2025.

Revenue
−26.7%
EPS
−391.9%
Free cash flow
+705.7%
Total debt
+701.0%

Quarter to June 2026, against a year earlier

21.46 3.43 +19.02%
Market cap
$7.3B
P/E
0.0×
Fwd P/E
−12.5×
Dividend yield
—
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

IREN Limited (IREN) Operating margin

Alert me on Operating margin

IREN Limited's operating margin over the twelve months to 30 June 2026 was −54.2%. Over the past ten years it has ranged from −154.3% (fiscal 2020) to 4.10% (fiscal 2025); the current reading is higher than 29% of that period. That is below the Capital Markets industry median of 0.00% and below the Financial sector median of 0.00%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2026 −54.2% (58.27)
FY2025 4.10% 18.31
FY2024 −14.2% 37.13
FY2023 −51.3% (52.14)
FY2022 0.80% (0.50)
FY2021 1.30% 155.60
FY2020 −154.3% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −586.0% (521.50)
Mar 2026 −64.5% (18.63)
Dec 2025 −45.8% (295.16)
Sep 2025 249.3% 238.61
15 more quarters

Against its own ten years

Low −154.3% High 4.10%
Ten-year median −14.2%
Current reading's percentile 7

Operating margin against peers

Company Operating margin
FUTU Futu Holdings Limited Sponsored ADR compare 62.0%
VIRT Virtu Financial, Inc. compare 49.3%
XP XP Inc. compare 33.6%
JEF Jefferies Financial Group Inc. compare 23.4%
EVR Evercore Inc compare 22.5%
SF Stifel Financial Corporation compare 21.2%
HLI Houlihan Lokey, Inc. compare 20.3%
SNEX StoneX Group Inc. compare 1.70%
IREN IREN Limited −54.2%
Capital Markets industry median 0.00%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on IREN