Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 27.38% is 11% above its 5-year average of 24.63%, near the high end of its 5-year range (0.52%–30.20%).
0.71% below its 12-month average of 27.58%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 27.30%.
OPERATING MARGIN
27.38%
OPERATING MARGIN AVG TTM
27.58%
OPERATING MARGIN AVG 3Y
25.95%
OPERATING MARGIN AVG 5Y
24.63%
OPERATING MARGIN AVG 10Y
21.27%
OPERATING MARGIN AVG 15Y
19.93%
OPERATING MARGIN AVG 20Y
20.88%
CURRENT VS TTM AVG
-0.71%
CURRENT VS 3Y AVG
+5.50%
CURRENT VS 5Y AVG
+11.18%
CURRENT VS 10Y AVG
+28.71%
CURRENT VS 15Y AVG
+37.37%
CURRENT VS 20Y AVG
+31.15%
SECTOR MEDIAN · FINANCIAL SERVICES
23.64%
median of 103 covered companies
CURRENT VS SECTOR MEDIAN
+15.82%
vs the sector median at left
Arch Capital Group Ltd.
Market Cap
$33.07B
Operating Margin
27.38%
TTM Avg
27.58%
3Y Avg
25.95%
5Y Avg
24.63%
Market Cap
$32.15B
Operating Margin
19.83%
TTM Avg
16.52%
3Y Avg
16.98%
5Y Avg
20.79%
Market Cap
$34.06B
Operating Margin
15.21%
TTM Avg
15.71%
3Y Avg
13.62%
5Y Avg
13.05%
Market Cap
$32.06B
Operating Margin
33.19%
TTM Avg
27.34%
3Y Avg
28.64%
5Y Avg
30.53%
Market Cap
$31.60B
Operating Margin
20.36%
TTM Avg
20.81%
3Y Avg
24.63%
5Y Avg
23.87%
Market Cap
$31.29B
Operating Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$30.71B
Operating Margin
28.66%
TTM Avg
23.30%
3Y Avg
20.62%
5Y Avg
18.97%
Market Cap
$27.71B
Operating Margin
23.64%
TTM Avg
18.09%
3Y Avg
20.53%
5Y Avg
23.61%
Market Cap
$27.30B
Operating Margin
22.23%
TTM Avg
14.66%
3Y Avg
14.25%
5Y Avg
15.24%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arch Capital Group Ltd. (ACGL) | $33.07B | 27.38% | 27.58% | 25.95% | 24.63% |
| Northern Trust Corporation (NTRS)vs › | $32.15B | 19.83% | 16.52% | 16.98% | 20.79% |
| The Hartford Insurance Group, Inc. (HIG)vs › | $34.06B | 15.21% | 15.71% | 13.62% | 13.05% |
| M&T Bank Corporation (MTB)vs › | $32.06B | 33.19% | 27.34% | 28.64% | 30.53% |
| Huntington Bancshares Incorporated (HBAN)vs › | $31.60B | 20.36% | 20.81% | 24.63% | 23.87% |
| iShares Silver Trust (SLV)vs › | $31.29B | 0.00% | 0.00% | 0.00% | 0.00% |
| Raymond James Financial, Inc. (RJF)vs › | $30.71B | 28.66% | 23.30% | 20.62% | 18.97% |
| Citizens Financial Group, Inc. (CFG)vs › | $27.71B | 23.64% | 18.09% | 20.53% | 23.61% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $27.30B | 22.23% | 14.66% | 14.25% | 15.24% |
| Cboe Global Markets, Inc. (CBOE)vs › | $27.00B | 35.18% | 29.47% | 24.84% | 23.62% |
Gross Margin
37.2%
Operating Margin
27.4%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 27.30% |
| 2026-03-31 | 26.26% |
| 2025-12-31 | 25.75% |
| 2025-09-30 | 30.20% |
| 2025-06-30 | 28.37% |
| 2025-03-31 | 14.76% |
| 2024-12-31 | 23.96% |
| 2024-09-30 | 23.44% |
| 2024-06-30 | 28.41% |
| 2024-03-31 | 27.51% |
| 2023-12-31 | 28.68% |
| 2023-09-30 | 20.71% |
| 2023-06-30 | 20.83% |
| 2023-03-31 | 22.26% |
| 2022-12-31 | 28.70% |
| 2022-09-30 | 0.52% |
| 2022-06-30 | 16.01% |
| 2022-03-31 | 7.66% |
| 2021-12-31 | 24.44% |
| 2021-09-30 | 9.63% |
| 2021-06-30 | 25.67% |
| 2021-03-31 | 16.62% |
| 2020-12-31 | 24.45% |
| 2020-09-30 | 17.99% |
| 2020-06-30 | 24.14% |
| 2020-03-31 | -4.03% |
| 2019-12-31 | 18.81% |
| 2019-09-30 | 24.74% |
| 2019-06-30 | 28.58% |
| 2019-03-31 | 29.44% |
| 2018-12-31 | 7.10% |
| 2018-09-30 | 19.03% |
| 2018-06-30 | 18.65% |
| 2018-03-31 | 12.96% |
| 2017-12-31 | 16.76% |
| 2017-09-30 | -4.80% |
| 2017-06-30 | 15.02% |
| 2017-03-31 | 20.32% |
| 2016-12-31 | 6.62% |
| 2016-09-30 | 25.48% |
| 2016-06-30 | 21.10% |
| 2016-03-31 | 17.54% |
| 2015-12-31 | 3.77% |
| 2015-09-30 | 7.99% |
| 2015-06-30 | 11.83% |
| 2015-03-31 | 27.61% |
| 2014-12-31 | 20.05% |
| 2014-09-30 | 21.54% |
| 2014-06-30 | 20.48% |
| 2014-03-31 | 19.18% |
| 2013-12-31 | 18.91% |
| 2013-09-30 | 14.30% |
| 2013-06-30 | 20.02% |
| 2013-03-31 | 27.48% |
| 2012-12-31 | -1.08% |
| 2012-09-30 | 19.77% |
| 2012-06-30 | 24.61% |
| 2012-03-31 | 18.39% |
| 2011-12-31 | 18.50% |
| 2011-09-30 | 23.02% |
| 2011-06-30 | 12.16% |
| 2011-03-31 | 3.22% |
| 2010-12-31 | 27.93% |
| 2010-09-30 | 18.97% |
| 2010-06-30 | 31.54% |
| 2010-03-31 | 26.48% |
| 2009-12-31 | 31.46% |
| 2009-09-30 | 29.00% |
| 2009-06-30 | 19.72% |
| 2009-03-31 | 20.76% |
| 2008-12-31 | -25.11% |
| 2008-09-30 | 4.15% |
| 2008-06-30 | 24.40% |
| 2008-03-31 | 24.00% |
| 2007-12-31 | 27.95% |
| 2007-09-30 | 24.02% |
| 2007-06-30 | 24.43% |
| 2007-03-30 | 24.83% |
| 2006-12-31 | 27.06% |
| 2006-09-30 | 22.89% |
| 2006-06-30 | 18.30% |
| 2006-03-31 | 17.10% |
| 2005-12-31 | 13.84% |
| 2005-09-30 | -10.88% |
| 2005-06-30 | 16.80% |
| 2005-03-31 | 16.63% |
| 2004-12-31 | 14.84% |
| 2004-09-30 | 1.98% |
| 2004-06-30 | 14.46% |
| 2004-03-31 | 13.19% |
| 2003-12-31 | 11.92% |
| 2003-09-30 | 14.17% |
| 2003-06-30 | 12.70% |
| 2003-03-31 | 13.84% |
| 2002-12-31 | 14.21% |
| 2002-09-30 | -3.65% |
