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 23.80% is 26% above its 5-year average of 18.93%, near the high end of its 5-year range (-12.08%–29.29%).
As of the fiscal period ended Tuesday, March 31, 2026. 23.00% above its 12-month average of 19.35%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
23.80%
OPERATING MARGIN AVG TTM
19.35%
OPERATING MARGIN AVG 3Y
23.30%
OPERATING MARGIN AVG 5Y
20.48%
OPERATING MARGIN AVG 10Y
18.24%
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+23.00%
CURRENT VS 3Y AVG
+2.14%
CURRENT VS 5Y AVG
+16.19%
CURRENT VS 10Y AVG
+30.51%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
22.96%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+3.66%
vs the sector median at left
Ares Management Corporation
Market Cap
$40.76B
Operating Margin
23.80%
TTM Avg
19.35%
3Y Avg
23.30%
5Y Avg
20.48%
Market Cap
$41.83B
Operating Margin
14.66%
TTM Avg
14.34%
3Y Avg
12.87%
5Y Avg
10.09%
Market Cap
$39.21B
Operating Margin
13.05%
TTM Avg
15.71%
3Y Avg
13.62%
5Y Avg
13.05%
Market Cap
$42.60B
Operating Margin
7.10%
TTM Avg
6.21%
3Y Avg
3.69%
5Y Avg
4.90%
Market Cap
$43.10B
Operating Margin
19.99%
TTM Avg
27.57%
3Y Avg
-8.73%
5Y Avg
6.06%
Market Cap
$44.59B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$35.80B
Operating Margin
33.19%
TTM Avg
27.34%
3Y Avg
28.64%
5Y Avg
30.53%
Market Cap
$35.34B
Operating Margin
27.71%
TTM Avg
25.31%
3Y Avg
22.05%
5Y Avg
20.79%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ares Management Corporation (ARES) | $40.76B | 23.80% | 19.35% | 23.30% | 20.48% |
| American International Group, Inc. (AIG)vs › | $41.83B | 14.66% | 14.34% | 12.87% | 10.09% |
| MSCI Inc. (MSCI)vs › | $41.86B | 55.66% | 54.09% | 54.16% | 53.56% |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.21B | 13.05% | 15.71% | 13.62% | 13.05% |
| Prudential Financial, Inc. (PRU)vs › | $42.60B | 7.10% | 6.21% | 3.69% | 4.90% |
| Coinbase Global, Inc. (COIN)vs › | $43.10B | 19.99% | 27.57% | -8.73% | 6.06% |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $44.59B | N/A | N/A | N/A | N/A |
| M&T Bank Corporation (MTB)vs › | $35.80B | 33.19% | 27.34% | 28.64% | 30.53% |
| Arch Capital Group Ltd. (ACGL)vs › | $35.34B | 27.71% | 25.31% | 22.05% | 20.79% |
| Huntington Bancshares Incorporated (HBAN)vs › | $34.62B | 20.36% | 20.81% | 24.63% | 23.87% |
Gross Margin
70.7%
Operating Margin
23.8%
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 | 23.80% |
| 2025-12-31 | 29.29% |
| 2025-09-30 | 21.08% |
| 2025-06-30 | 15.74% |
| 2025-03-31 | 6.84% |
| 2024-12-31 | 22.10% |
| 2024-09-30 | 24.33% |
| 2024-06-30 | 28.42% |
| 2024-03-31 | 23.87% |
| 2023-12-31 | 26.89% |
| 2023-09-30 | 16.43% |
| 2023-06-30 | 23.37% |
| 2023-03-31 | 22.71% |
| 2022-12-31 | 26.80% |
| 2022-09-30 | -12.08% |
| 2022-06-30 | 8.07% |
| 2022-03-31 | 14.45% |
| 2021-12-31 | 20.09% |
| 2021-09-30 | 14.28% |
| 2021-06-30 | 20.86% |
| 2021-03-31 | 20.24% |
| 2020-12-31 | 25.17% |
| 2020-09-30 | 19.86% |
| 2020-06-30 | 19.77% |
| 2020-03-31 | -511.22% |
| 2019-12-31 | 17.08% |
| 2019-09-30 | 15.17% |
| 2019-06-30 | 12.76% |
| 2019-03-31 | 22.65% |
| 2018-12-31 | 12.75% |
| 2018-09-30 | 5.64% |
| 2018-06-30 | -8.26% |
| 2018-03-31 | 22.48% |
| 2017-12-31 | 12.08% |
| 2017-09-30 | 10.24% |
| 2017-06-30 | 14.98% |
| 2017-03-31 | -102.28% |
| 2016-12-31 | 16.37% |
| 2016-09-30 | 15.53% |
| 2016-06-30 | 17.75% |
| 2016-03-31 | 4.76% |
| 2015-12-31 | -16.36% |
| 2015-09-30 | 5.19% |
| 2015-06-30 | -17.00% |
| 2015-03-31 | -21.17% |
| 2014-12-31 | -30.58% |
| 2014-09-30 | -16.09% |
| 2014-06-30 | -96.86% |
| 2014-03-31 | -37.79% |
| 2013-12-31 | -65.82% |
| 2013-09-30 | -74.45% |
| 2013-06-30 | -22.95% |
| 2013-03-31 | -98.13% |
| 2012-12-31 | -79.70% |
