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 17.03% is in line with its 5-year average of 16.78%, around the middle of its 5-year range (9.40%–28.09%).
0.16% above its 12-month average of 17.00%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 14.69%.
OPERATING MARGIN
17.03%
OPERATING MARGIN AVG TTM
17.00%
OPERATING MARGIN AVG 3Y
16.51%
OPERATING MARGIN AVG 5Y
16.78%
OPERATING MARGIN AVG 10Y
14.74%
OPERATING MARGIN AVG 15Y
12.88%
OPERATING MARGIN AVG 20Y
13.35%
CURRENT VS TTM AVG
+0.16%
CURRENT VS 3Y AVG
+3.16%
CURRENT VS 5Y AVG
+1.50%
CURRENT VS 10Y AVG
+15.57%
CURRENT VS 15Y AVG
+32.17%
CURRENT VS 20Y AVG
+27.59%
SECTOR MEDIAN · FINANCIAL SERVICES
23.64%
median of 103 covered companies
CURRENT VS SECTOR MEDIAN
-27.96%
vs the sector median at left
Arthur J. Gallagher & Co.
Market Cap
$63.72B
Operating Margin
17.03%
TTM Avg
17.00%
3Y Avg
16.51%
5Y Avg
16.78%
Market Cap
$62.87B
Operating Margin
22.30%
TTM Avg
9.19%
3Y Avg
11.84%
5Y Avg
17.40%
Market Cap
$66.21B
Operating Margin
24.83%
TTM Avg
14.44%
3Y Avg
6.16%
5Y Avg
9.04%
Market Cap
$59.83B
Operating Margin
32.16%
TTM Avg
30.08%
3Y Avg
28.38%
5Y Avg
26.06%
Market Cap
$73.15B
Operating Margin
24.13%
TTM Avg
28.77%
3Y Avg
9.12%
5Y Avg
18.04%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arthur J. Gallagher & Co. (AJG) | $63.72B | 17.03% | 17.00% | 16.51% | 16.78% |
| MetLife, Inc. (MET)vs › | $63.20B | 6.19% | 7.04% | 6.66% | 8.38% |
| Truist Financial Corporation (TFC)vs › | $62.87B | 22.30% | 9.19% | 11.84% | 17.40% |
| Aon plc (AON)vs › | $64.63B | 27.21% | 24.86% | 26.85% | 24.95% |
| The Allstate Corporation (ALL)vs › | $66.21B | 24.83% | 14.44% | 6.16% | 9.04% |
| Aflac Incorporated (AFL)vs › | $59.83B | 32.16% | 30.08% | 28.38% | 26.06% |
| VanEck Semiconductor ETF (SMH)vs › | $68.33B | N/A | N/A | N/A | N/A |
| Nu Holdings Ltd. (NU)vs › | $68.72B | 22.62% | 24.77% | 15.69% | 2.99% |
| Apollo Global Management, Inc. (APO)vs › | $73.15B | 24.13% | 28.77% | 9.12% | 18.04% |
| Brookfield Asset Management Ltd. (BAM)vs › | $73.20B | 60.60% | 67.62% | 71.63% | 69.74% |
Gross Margin
54.8%
Operating Margin
17.0%
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 |
|---|---|
| 2026-06-30 | 14.69% |
| 2026-03-31 | 25.60% |
| 2025-12-31 | 9.40% |
| 2025-09-30 | 15.94% |
| 2025-06-30 | 19.39% |
| 2025-03-31 | 28.09% |
| 2024-12-31 | 17.44% |
| 2024-09-30 | 17.13% |
| 2024-06-30 | 17.25% |
| 2024-03-31 | 26.06% |
| 2023-12-31 | 13.56% |
| 2023-09-30 | 17.43% |
| 2023-06-30 | 15.75% |
| 2023-03-31 | 26.44% |
| 2022-12-31 | 14.27% |
| 2022-09-30 | 17.82% |
| 2022-06-30 | 18.64% |
| 2022-03-31 | 25.52% |
| 2021-12-31 | 11.27% |
| 2021-09-30 | 15.83% |
| 2021-06-30 | 15.09% |
| 2021-03-31 | 21.63% |
| 2020-12-31 | 12.38% |
| 2020-09-30 | 14.86% |
| 2020-06-30 | 14.93% |
| 2020-03-31 | 17.00% |
| 2019-12-31 | 7.16% |
| 2019-09-30 | 8.99% |
| 2019-06-30 | 9.17% |
| 2019-03-31 | 15.92% |
| 2018-12-31 | 4.95% |
| 2018-09-30 | 7.44% |
| 2018-06-30 | 7.58% |
| 2018-03-31 | 15.16% |
| 2017-12-31 | 7.30% |
| 2017-09-30 | 7.46% |
| 2017-06-30 | 6.10% |
| 2017-03-31 | 14.66% |
| 2016-12-31 | 7.80% |
| 2016-09-30 | 8.60% |
| 2016-06-30 | 12.47% |
| 2016-03-31 | 6.57% |
| 2015-12-31 | 5.16% |
| 2015-09-30 | 9.69% |
| 2015-06-30 | 11.67% |
| 2015-03-31 | 5.45% |
| 2014-12-31 | 4.25% |
| 2014-09-30 | 9.78% |
| 2014-06-30 | 11.88% |
| 2014-03-31 | 8.31% |
| 2013-12-31 | 7.12% |
| 2013-09-30 | 11.75% |
| 2013-06-30 | 13.70% |
| 2013-03-31 | 8.59% |
| 2012-12-31 | 8.72% |
| 2012-09-30 | 13.95% |
| 2012-06-30 | 14.88% |
| 2012-03-31 | 8.34% |
| 2011-12-31 | 9.96% |
| 2011-09-30 | 13.68% |
| 2011-06-30 | 13.55% |
| 2011-03-31 | 7.55% |
| 2010-12-31 | 7.58% |
| 2010-09-30 | 16.21% |
| 2010-06-30 | 15.60% |
| 2010-03-31 | 11.07% |
| 2009-12-31 | 9.03% |
| 2009-09-30 | 16.18% |
| 2009-06-30 | 18.19% |
| 2009-03-31 | 12.67% |
| 2008-12-31 | -2.14% |
| 2008-09-30 | 13.19% |
| 2008-06-30 | 17.86% |
| 2008-03-31 | 8.89% |
| 2007-12-31 | -7.81% |
| 2007-09-30 | 17.53% |
| 2007-06-30 | 22.10% |
| 2007-03-31 | 18.35% |
| 2006-12-31 | 15.10% |
| 2006-09-30 | 25.02% |
| 2006-06-30 | 16.68% |
| 2006-03-31 | 10.84% |
| 2005-12-31 | -13.16% |
| 2005-09-30 | 25.39% |
| 2005-06-30 | 25.22% |
| 2005-03-31 | 20.27% |
| 2004-12-31 | 60.22% |
| 2004-09-30 | 28.83% |
| 2004-06-30 | 31.00% |
| 2004-03-31 | 27.58% |
| 2003-12-31 | 18.25% |
| 2003-09-30 | 19.25% |
| 2003-06-30 | 16.82% |
| 2003-03-31 | 6.30% |
| 2002-12-31 | 17.83% |
| 2002-09-30 | 13.92% |