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 19.38% is 20% below its 5-year average of 24.10%, near the high end of its 5-year range (-29.64%–38.05%).
As of the fiscal period ended Tuesday, June 30, 2026. 23.97% below its 12-month average of 25.49%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
19.38%
OPERATING MARGIN AVG TTM
25.49%
OPERATING MARGIN AVG 3Y
25.22%
OPERATING MARGIN AVG 5Y
26.79%
OPERATING MARGIN AVG 10Y
23.57%
OPERATING MARGIN AVG 15Y
20.30%
OPERATING MARGIN AVG 20Y
18.36%
CURRENT VS TTM AVG
-23.97%
CURRENT VS 3Y AVG
-23.14%
CURRENT VS 5Y AVG
-27.64%
CURRENT VS 10Y AVG
-17.78%
CURRENT VS 15Y AVG
-4.52%
CURRENT VS 20Y AVG
+5.55%
SECTOR MEDIAN · FINANCIAL SERVICES
22.96%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-15.58%
vs the sector median at left
Market Cap
$77.28B
Operating Margin
63.13%
TTM Avg
67.62%
3Y Avg
71.63%
5Y Avg
69.74%
Market Cap
$77.82B
Operating Margin
38.88%
TTM Avg
41.27%
3Y Avg
-4.33%
5Y Avg
-17.73%
Market Cap
$78.08B
Operating Margin
21.33%
TTM Avg
14.64%
3Y Avg
11.63%
5Y Avg
11.57%
Market Cap
$72.40B
Operating Margin
31.05%
TTM Avg
33.09%
3Y Avg
11.28%
5Y Avg
19.48%
Market Cap
$82.86B
Operating Margin
45.10%
TTM Avg
43.34%
3Y Avg
40.19%
5Y Avg
42.01%
Market Cap
$67.98B
Operating Margin
23.30%
TTM Avg
14.44%
3Y Avg
6.16%
5Y Avg
9.04%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Aon plc (AON) | $76.48B | 19.38% | 25.49% | 25.22% | 26.79% |
| Brookfield Asset Management Ltd. (BAM)vs › | $77.28B | 63.13% | 67.62% | 71.63% | 69.74% |
| Robinhood Markets, Inc. (HOOD)vs › | $77.82B | 38.88% | 41.27% | -4.33% | -17.73% |
| The Travelers Companies, Inc. (TRV)vs › | $78.08B | 21.33% | 14.64% | 11.63% | 11.57% |
| iShares Russell 2000 ETF (IWM)vs › | $79.83B | N/A | N/A | N/A | N/A |
| Apollo Global Management, Inc. (APO)vs › | $72.40B | 31.05% | 33.09% | 11.28% | 19.48% |
| Moody's Corporation (MCO)vs › | $82.86B | 45.10% | 43.34% | 40.19% | 42.01% |
| Nu Holdings Ltd. (NU)vs › | $69.40B | 22.96% | 24.77% | 15.69% | 2.99% |
| The Allstate Corporation (ALL)vs › | $67.98B | 23.30% | 14.44% | 6.16% | 9.04% |
| Intercontinental Exchange, Inc. (ICE)vs › | $85.99B | 40.48% | 37.69% | 37.61% | 37.47% |
Gross Margin
47.7%
Operating Margin
19.4%
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 | 19.38% |
| 2026-03-31 | 35.90% |
| 2025-12-31 | 31.09% |
| 2025-09-30 | 20.42% |
| 2025-06-30 | 20.67% |
| 2025-03-31 | 30.89% |
| 2024-12-31 | 26.31% |
| 2024-09-30 | 16.74% |
| 2024-06-30 | 17.45% |
| 2024-03-31 | 36.00% |
| 2023-12-31 | 23.08% |
| 2023-09-30 | 23.40% |
| 2023-06-30 | 26.50% |
| 2023-03-31 | 38.05% |
| 2022-12-31 | 32.33% |
| 2022-09-30 | 21.88% |
| 2022-06-30 | 23.47% |
| 2022-03-31 | 37.25% |
| 2021-12-31 | 31.62% |
| 2021-09-30 | -29.64% |
| 2021-06-30 | 23.28% |
| 2021-03-31 | 35.32% |
| 2020-12-31 | 24.05% |
| 2020-09-30 | 18.49% |
| 2020-06-30 | 23.79% |
| 2020-03-31 | 32.09% |
| 2019-12-31 | 18.16% |
| 2019-09-30 | 15.13% |
| 2019-06-30 | 15.85% |
| 2019-03-31 | 27.74% |
| 2018-12-31 | 18.01% |
| 2018-09-30 | 11.15% |
| 2018-06-30 | -0.62% |
| 2018-03-31 | 25.86% |
| 2017-12-31 | 16.81% |
| 2017-09-30 | 10.94% |
| 2017-06-30 | -5.36% |
| 2017-03-31 | 14.07% |
| 2016-12-31 | 18.93% |
| 2016-09-30 | 16.72% |
| 2016-06-30 | 16.96% |
| 2016-03-31 | 18.45% |
| 2015-12-31 | 21.81% |
| 2015-09-30 | 15.06% |
| 2015-06-30 | 9.88% |
| 2015-03-31 | 15.49% |
| 2014-12-31 | 19.25% |
| 2014-09-30 | 14.48% |
| 2014-06-30 | 15.24% |
| 2014-03-31 | 15.91% |
| 2013-12-31 | 16.05% |
| 2013-09-30 | 13.03% |
| 2013-06-30 | 13.19% |
| 2013-03-31 | 14.07% |
| 2012-12-31 | 14.80% |
| 2012-09-30 | 12.39% |
| 2012-06-30 | 13.97% |
| 2012-03-31 | 14.15% |
| 2011-12-31 | 14.53% |
| 2011-09-30 | 12.05% |
| 2011-06-30 | 15.65% |
| 2011-03-31 | 14.43% |
| 2010-12-31 | 14.51% |
| 2010-09-30 | 14.60% |
| 2010-06-30 | 14.12% |
| 2010-03-31 | 14.34% |
| 2009-12-31 | 9.86% |
| 2009-09-30 | 10.81% |
| 2009-06-30 | 11.69% |
| 2009-03-31 | 19.83% |
| 2008-12-31 | 13.33% |
| 2008-09-30 | 13.38% |
| 2008-06-30 | 13.04% |
| 2008-03-31 | 15.07% |
| 2007-12-31 | 37.44% |
| 2007-09-30 | 14.64% |
| 2007-06-30 | 15.33% |
| 2007-03-31 | 15.29% |
| 2006-12-31 | 11.52% |
| 2006-09-30 | 7.98% |
| 2006-06-30 | 13.63% |
| 2006-03-31 | 12.29% |
| 2005-12-31 | 9.35% |
| 2005-09-30 | 8.57% |
| 2005-06-30 | 12.90% |
| 2005-03-31 | 13.96% |
| 2004-12-31 | 5.45% |
| 2004-09-30 | 8.82% |
| 2004-06-30 | 12.46% |
| 2004-03-31 | 13.03% |
| 2003-12-31 | 14.53% |
| 2003-09-30 | 11.23% |
| 2003-06-30 | 11.90% |
| 2003-03-31 | 12.49% |
| 2002-12-31 | 13.61% |
| 2002-09-30 | 11.11% |
