Palantir Technologies (XSWX:PLTR) Operating Income: CHF1,584 Mil (TTM As of Mar. 2026)


XSWX:PLTR Palantir Technologies Inc XSWX:PLTR
59 GF Score
Price CHF108.94
GF Value CHF112.90
Valuation Fairly Valued
! 4 Warning Signs
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What is Palantir Technologies Operating Income?

Palantir Technologies XSWX:PLTR +1.85% 59 Operating Income is CHF1,584 Mil as of Mar. 2026. GuruFocus rates XSWX:PLTR with a GF Score™ of 59/100 and a GF Value™ of CHF112.90 (Fairly Valued). The stock has 4 warning signs investors should review.

Palantir Technologies's Operating Income for the three months ended in Mar. 2026 was CHF594 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,584 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Palantir Technologies's Operating Income for the three months ended in Mar. 2026 was CHF594 Mil. Palantir Technologies's Revenue for the three months ended in Mar. 2026 was CHF1,285 Mil. Therefore, Palantir Technologies's Operating Margin % for the quarter that ended in Mar. 2026 was 46.18%.

Palantir Technologies's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Palantir Technologies's annualized ROC % for the quarter that ended in Mar. 2026 was 194.87%. Palantir Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 821.54%.

Palantir Technologies  (XSWX:PLTR) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Palantir Technologies's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2374.492 * ( 1 - 1.37% )/( (1083.513 + 1320.151)/ 2 )
=2341.9614596/1201.832
=194.87 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7092.722 - 289.823 - ( 5719.386 - max(0, 936.82 - 6660.629+5719.386))
=1083.513

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8029.817 - 390.471 - ( 6319.195 - max(0, 1088.796 - 7520.057+6319.195))
=1320.151

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Palantir Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2374.492/( ( (200.871 + max(40.971999999999, 0)) + (224.149 + max(112.066, 0)) )/ 2 )
=2374.492/( ( 241.843 + 336.215 )/ 2 )
=2374.492/289.029
=821.54 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(830.422 + 0 + 110.821) - (289.823 + 610.449 + -0.00099999999986267)
=40.971999999999

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1106.619 + 0 + 94.243) - (390.471 + 698.325 + 0)
=112.066

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Palantir Technologies's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=593.623/1285.333
=46.18 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Palantir Technologies Operating Income Related Terms

Palantir Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Palantir Technologies's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Palantir Technologies Operating Income Chart

Palantir Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -378.57 -150.18 103.75 276.76 1,126.83

Palantir Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 155.56 219.01 313.07 458.53 593.62
XSWX:PLTR
59GF Score
Palantir Technologies Inc XSWX:PLTR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Palantir Technologies Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF1,584 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of CHF1,584 Mil mean?
Palantir Technologies (XSWX:PLTR) has a Operating Income of CHF1,584 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Palantir Technologies and its competitors.
Is Palantir Technologies' Operating Income too high?
Palantir Technologies' current Operating Income is CHF1,584 Mil. Overall, Palantir Technologies has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Palantir Technologies' Operating Income compare to PANW and CRWD?
Palantir Technologies' Operating Income of CHF1,584 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Palantir Technologies and its competitors. Palantir Technologies's current Operating Income is CHF1,584 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Palantir Technologies stock overvalued right now?
Based on GuruFocus' analysis, Palantir Technologies (XSWX:PLTR) is currently considered Fairly Valued. The stock's GF Value™ is CHF112.90, compared to a current price of CHF108.94 — trading 3.5% below its estimated fair value. The current Operating Income is CHF1,584 Mil. Palantir Technologies' overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Palantir Technologies (XSWX:PLTR), the current Operating Income is CHF1,584 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Palantir Technologies (XSWX:PLTR) Overvalued in 2026?

Based on GuruFocus' analysis, Palantir Technologies stock appears to be undervalued. The current stock price of CHF108.94 is trading 3.5% below its estimated GF Value™ of CHF112.90. GuruFocus considers Palantir Technologies to be Fairly Valued.

Key valuation signals for XSWX:PLTR:

  • Operating Income: CHF1,584 Mil
  • GF Value™: CHF112.90 vs. price of CHF108.94 (3.5% below fair value)
  • GF Score™: 59/100 with 4 warning signs

No single metric tells the full story. See the XSWX:PLTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Palantir Technologies Business Description

Address 19505 Biscayne Boulevard, Suite 2350, Aventura, FL, USA, 33180
Palantir is an artificial intelligence, analytics, and automated decision-making company that leverages data to drive efficiency across its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. Palantir works only with entities in Western-allied nations and reserves the right not to work with anyone that is antithetical to Western values. The company was founded in 2003 and went public in 2020.
59GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF108.94
Price
CHF112.90
GF Value