What this is
Interpretation (structural vs peak) left to the analyst.
The values
- Peak year: year to February 2024
- Peak: 29.8%
- Year to February 2026: 27.1%
- Year to February 2025: 24.5%
- Minus year to February 2025 pp, year to February 2026: 2.57
- Minus year to February 2021 pp, year to February 2026: 3.92
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- see operating_margin_series (s1)