Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 13.02% is 18% below its 5-year average of 15.94%, near the low end of its 5-year range (9.69%–30.97%).
As of the fiscal period ended Tuesday, March 31, 2026. 1.04% below its 12-month average of 13.15%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
13.02%
OPERATING MARGIN AVG TTM
13.15%
OPERATING MARGIN AVG 3Y
13.61%
OPERATING MARGIN AVG 5Y
15.19%
OPERATING MARGIN AVG 10Y
13.47%
OPERATING MARGIN AVG 15Y
12.56%
OPERATING MARGIN AVG 20Y
13.31%
CURRENT VS TTM AVG
-1.04%
CURRENT VS 3Y AVG
-4.34%
CURRENT VS 5Y AVG
-14.29%
CURRENT VS 10Y AVG
-3.39%
CURRENT VS 15Y AVG
+3.62%
CURRENT VS 20Y AVG
-2.19%
SECTOR MEDIAN · FINANCIAL SERVICES
22.93%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-43.23%
vs the sector median at left
American Financial Group, Inc.
Market Cap
$12.10B
Operating Margin
13.02%
TTM Avg
13.15%
3Y Avg
13.61%
5Y Avg
15.19%
Market Cap
$11.67B
Operating Margin
17.93%
TTM Avg
17.76%
3Y Avg
16.17%
5Y Avg
15.02%
Market Cap
$10.72B
Operating Margin
7288.12%
TTM Avg
3607.09%
3Y Avg
1609.86%
5Y Avg
1073.24%
Market Cap
$10.16B
Operating Margin
29.55%
TTM Avg
32.03%
3Y Avg
30.02%
5Y Avg
29.88%
Market Cap
$9.97B
Operating Margin
-2104.64%
TTM Avg
-910.51%
3Y Avg
-472.61%
5Y Avg
-363.28%
Market Cap
$14.84B
Operating Margin
15.38%
TTM Avg
10.02%
3Y Avg
9.96%
5Y Avg
9.93%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| American Financial Group, Inc. (AFG) | $12.10B | 13.02% | 13.15% | 13.61% | 15.19% |
| Erie Indemnity Company (ERIE)vs › | $11.67B | 17.93% | 17.76% | 16.17% | 15.02% |
| Bitmine Immersion Technologies, Inc. (BMNR)vs › | $10.72B | 7288.12% | 3607.09% | 1609.86% | 1073.24% |
| Invesco Ltd. (IVZ)vs › | $14.00B | -7.10% | 1.41% | 4.25% | 9.65% |
| FactSet Research Systems Inc. (FDS)vs › | $10.16B | 29.55% | 32.03% | 30.02% | 29.88% |
| Hut 8 Corp. (HUT)vs › | $9.97B | -2104.64% | -910.51% | -472.61% | -363.28% |
| Globe Life Inc. (GL)vs › | $14.27B | 24.38% | 23.67% | 22.59% | 22.36% |
| Assurant, Inc. (AIZ)vs › | $14.35B | 9.42% | 8.15% | 6.74% | 6.76% |
| Everest Group, Ltd. (EG)vs › | $14.84B | 15.38% | 10.02% | 9.96% | 9.93% |
| Kinsale Capital Group, Inc. (KNSL)vs › | $8.51B | 35.90% | 33.14% | 30.23% | 28.61% |
Gross Margin
18.1%
Operating Margin
13.0%
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 |
|---|---|
| 2026-03-31 | 13.02% |
| 2025-12-31 | 18.57% |
| 2025-09-30 | 11.63% |
| 2025-06-30 | 11.87% |
| 2025-03-31 | 10.69% |
| 2024-12-31 | 14.90% |
| 2024-09-30 | 9.69% |
| 2024-06-30 | 14.37% |
| 2024-03-31 | 16.16% |
| 2023-12-31 | 16.06% |
| 2023-09-30 | 10.20% |
| 2023-06-30 | 14.07% |
| 2023-03-31 | 15.69% |
| 2022-12-31 | 18.13% |
| 2022-09-30 | 10.79% |
| 2022-06-30 | 14.08% |
| 2022-03-31 | 24.81% |
| 2021-12-31 | 30.97% |
| 2021-09-30 | 15.88% |
| 2021-06-30 | 19.73% |
| 2021-03-31 | 23.41% |
| 2020-12-31 | 35.01% |
| 2020-09-30 | 2.57% |
| 2020-06-30 | 9.65% |
| 2020-03-31 | -17.54% |
| 2019-12-31 | 12.16% |
| 2019-09-30 | 8.34% |
| 2019-06-30 | 13.21% |
| 2019-03-31 | 20.41% |
| 2018-12-31 | -2.31% |
| 2018-09-30 | 12.15% |
| 2018-06-30 | 14.18% |
| 2018-03-31 | 10.75% |
| 2017-12-31 | 14.77% |
| 2017-09-30 | 1.58% |
| 2017-06-30 | 12.45% |
| 2017-03-31 | 14.15% |
| 2016-12-31 | 18.25% |
| 2016-09-30 | 10.44% |
| 2016-06-30 | 8.60% |
| 2016-03-31 | 10.58% |
| 2015-12-31 | 12.92% |
| 2015-09-30 | 5.87% |
| 2015-06-30 | 14.65% |
| 2015-03-31 | 2.31% |
| 2014-12-31 | 12.43% |
| 2014-09-30 | 9.17% |
| 2014-06-30 | 9.34% |
| 2014-03-31 | 13.29% |
| 2013-12-31 | 18.06% |
| 2013-09-30 | 9.84% |
| 2013-06-30 | 11.06% |
| 2013-03-31 | 15.24% |
| 2012-12-31 | -2.43% |
| 2012-09-30 | 18.53% |
| 2012-06-30 | 12.10% |
| 2012-03-21 | 13.43% |
| 2011-12-31 | 43.65% |
| 2011-09-30 | 11.69% |
| 2011-06-30 | 5.49% |
| 2011-03-31 | 9.82% |
| 2010-12-31 | 59.60% |
| 2010-09-30 | 16.57% |
| 2010-06-30 | 15.02% |
| 2010-03-31 | 14.22% |
| 2009-12-31 | 22.93% |
| 2009-09-30 | 18.57% |
| 2009-06-30 | 18.80% |
| 2009-03-31 | 16.70% |
| 2008-12-31 | 18.12% |
| 2008-09-30 | 2.39% |
| 2008-06-30 | 9.83% |
| 2008-03-31 | 12.58% |
| 2007-12-31 | 44.28% |
| 2007-09-30 | 15.43% |
| 2007-06-30 | 10.26% |
| 2007-03-31 | 17.98% |
| 2006-12-31 | 41.15% |
| 2006-09-30 | 13.84% |
| 2006-06-30 | 14.73% |
| 2006-03-31 | 17.05% |
| 2005-12-31 | 23650.69% |
| 2005-09-30 | -2.63% |
| 2005-06-30 | 15.06% |
| 2005-03-31 | 11.19% |
| 2004-12-31 | 41293.07% |
| 2004-09-30 | 20.16% |
| 2004-06-30 | 10.28% |
| 2004-03-31 | 13.53% |
| 2003-12-31 | 39127.40% |
| 2003-09-30 | 8.47% |
| 2003-06-30 | 6.40% |
| 2003-03-31 | 4.46% |
| 2002-12-31 | 5.39% |
| 2002-09-30 | 5.45% |
| 2002-06-30 | 2.60% |
