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 28.39% is in line with its 5-year average of 26.13%, around the middle of its 5-year range (3.03%–41.60%).
As of the fiscal period ended Tuesday, March 31, 2026. 12.30% above its 12-month average of 25.28%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
28.39%
OPERATING MARGIN AVG TTM
25.28%
OPERATING MARGIN AVG 3Y
27.21%
OPERATING MARGIN AVG 5Y
26.13%
OPERATING MARGIN AVG 10Y
23.50%
OPERATING MARGIN AVG 15Y
19.58%
OPERATING MARGIN AVG 20Y
18.02%
CURRENT VS TTM AVG
+12.30%
CURRENT VS 3Y AVG
+4.32%
CURRENT VS 5Y AVG
+8.64%
CURRENT VS 10Y AVG
+20.79%
CURRENT VS 15Y AVG
+45.03%
CURRENT VS 20Y AVG
+57.54%
SECTOR MEDIAN · FINANCIAL SERVICES
22.96%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+23.65%
vs the sector median at left
Aflac Incorporated
Market Cap
$64.89B
Operating Margin
28.39%
TTM Avg
25.28%
3Y Avg
27.21%
5Y Avg
26.13%
Market Cap
$64.59B
Operating Margin
22.30%
TTM Avg
9.19%
3Y Avg
11.84%
5Y Avg
17.40%
Market Cap
$64.08B
Operating Margin
18.17%
TTM Avg
19.02%
3Y Avg
19.00%
5Y Avg
17.85%
Market Cap
$67.98B
Operating Margin
23.30%
TTM Avg
14.44%
3Y Avg
6.16%
5Y Avg
9.04%
Market Cap
$72.40B
Operating Margin
31.05%
TTM Avg
33.09%
3Y Avg
11.28%
5Y Avg
19.48%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Aflac Incorporated (AFL) | $64.89B | 28.39% | 25.28% | 27.21% | 26.13% |
| Truist Financial Corporation (TFC)vs › | $64.59B | 22.30% | 9.19% | 11.84% | 17.40% |
| Arthur J. Gallagher & Co. (AJG)vs › | $64.08B | 18.17% | 19.02% | 19.00% | 17.85% |
| MetLife, Inc. (MET)vs › | $61.85B | 6.26% | 7.04% | 6.66% | 8.38% |
| The Allstate Corporation (ALL)vs › | $67.98B | 23.30% | 14.44% | 6.16% | 9.04% |
| Nu Holdings Ltd. (NU)vs › | $69.40B | 22.96% | 24.77% | 15.69% | 2.99% |
| Apollo Global Management, Inc. (APO)vs › | $72.40B | 31.05% | 33.09% | 11.28% | 19.48% |
| Aon plc (AON)vs › | $76.48B | 27.21% | 24.86% | 26.85% | 24.95% |
| Nasdaq, Inc. (NDAQ)vs › | $52.65B | 31.58% | 26.33% | 25.95% | 25.04% |
| Brookfield Asset Management Ltd. (BAM)vs › | $77.28B | 63.13% | 67.62% | 71.63% | 69.74% |
Gross Margin
38.9%
Operating Margin
28.4%
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 |
|---|---|
| 2026-03-31 | 28.39% |
| 2025-12-31 | 32.72% |
| 2025-09-30 | 41.60% |
| 2025-06-30 | 19.49% |
| 2025-03-31 | 4.20% |
| 2024-12-31 | 38.83% |
| 2024-09-30 | 3.03% |
| 2024-06-30 | 39.15% |
| 2024-03-31 | 39.91% |
| 2023-12-31 | 7.52% |
| 2023-09-30 | 35.87% |
| 2023-06-30 | 35.28% |
| 2023-03-31 | 27.78% |
| 2022-12-31 | 13.03% |
| 2022-09-30 | 28.21% |
| 2022-06-30 | 32.03% |
| 2022-03-31 | 25.14% |
| 2021-12-31 | 22.87% |
| 2021-09-30 | 21.15% |
| 2021-06-30 | 24.91% |
| 2021-03-31 | 27.66% |
| 2020-12-31 | 20.27% |
| 2020-09-30 | 20.49% |
| 2020-06-30 | 19.95% |
| 2020-03-31 | 14.06% |
| 2019-12-31 | 18.98% |
| 2019-09-30 | 18.77% |
| 2019-06-30 | 20.19% |
| 2019-03-31 | 22.02% |
| 2018-12-31 | 14.13% |
| 2018-09-30 | 20.60% |
| 2018-06-30 | 20.30% |
| 2018-03-31 | 18.02% |
| 2017-12-31 | 18.48% |
| 2017-09-30 | 19.58% |
| 2017-06-30 | 19.31% |
| 2017-03-31 | 16.97% |
| 2016-12-31 | 20.13% |
| 2016-09-30 | 16.89% |
| 2016-06-30 | 15.38% |
| 2016-03-31 | 20.56% |
| 2015-12-31 | 20.94% |
| 2015-09-30 | 17.11% |
| 2015-06-30 | 16.59% |
| 2015-03-31 | 19.38% |
| 2014-12-31 | 19.76% |
| 2014-09-30 | 18.85% |
| 2014-06-30 | 21.22% |
| 2014-03-31 | 19.59% |
| 2013-12-31 | 17.86% |
| 2013-09-30 | 18.21% |
| 2013-06-30 | 22.53% |
| 2013-03-31 | 22.05% |
| 2012-12-31 | 13.99% |
| 2012-09-30 | 21.72% |
| 2012-06-30 | 12.57% |
| 2012-03-31 | 19.34% |
| 2011-12-31 | 13.95% |
| 2011-09-30 | 18.24% |
| 2011-06-30 | 8.73% |
| 2011-03-31 | 11.55% |
| 2010-12-31 | 12.60% |
| 2010-09-30 | 19.56% |
| 2010-06-30 | 17.85% |
| 2010-03-31 | 19.23% |
| 2009-12-31 | 7.44% |
| 2009-09-30 | 12.13% |
| 2009-06-30 | 10.97% |
| 2009-03-31 | 18.08% |
| 2008-12-31 | 7.04% |
| 2008-09-30 | 4.01% |
| 2008-06-30 | 17.07% |
| 2008-03-31 | 17.01% |
| 2007-12-31 | 14.59% |
| 2007-09-30 | 16.63% |
| 2007-06-30 | 16.87% |
| 2007-03-31 | 16.96% |
| 2006-12-31 | 13.78% |
| 2006-09-30 | 15.17% |
| 2006-06-30 | 16.88% |
| 2006-03-31 | 16.16% |
| 2005-12-31 | 15.67% |
| 2005-09-30 | 17.58% |
| 2005-06-30 | 14.47% |
| 2005-03-31 | 14.22% |
| 2004-12-31 | 13.03% |
| 2004-09-30 | 13.58% |
| 2004-06-30 | 12.77% |
| 2004-03-31 | 14.21% |
| 2003-12-31 | 3.72% |
| 2003-09-30 | 12.66% |
| 2003-06-30 | 13.18% |
| 2003-03-31 | 13.18% |
| 2002-12-31 | 11.07% |
| 2002-09-30 | 13.19% |
| 2002-06-30 | 12.81% |
