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 31.12% is 13% below its 5-year average of 35.74%, around the middle of its 5-year range (23.70%–40.06%).
0.56% below its 12-month average of 31.30%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 35.69%.
OPERATING MARGIN
31.12%
OPERATING MARGIN AVG TTM
31.30%
OPERATING MARGIN AVG 3Y
35.00%
OPERATING MARGIN AVG 5Y
35.74%
OPERATING MARGIN AVG 10Y
37.38%
OPERATING MARGIN AVG 15Y
37.87%
OPERATING MARGIN AVG 20Y
36.55%
CURRENT VS TTM AVG
-0.56%
CURRENT VS 3Y AVG
-11.08%
CURRENT VS 5Y AVG
-12.94%
CURRENT VS 10Y AVG
-16.74%
CURRENT VS 15Y AVG
-17.82%
CURRENT VS 20Y AVG
-14.85%
SECTOR MEDIAN · FINANCIAL SERVICES
23.64%
median of 103 covered companies
CURRENT VS SECTOR MEDIAN
+31.64%
vs the sector median at left
BlackRock, Inc.
Market Cap
$160.77B
Operating Margin
31.12%
TTM Avg
31.30%
3Y Avg
35.00%
5Y Avg
35.74%
Market Cap
$165.22B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$149.89B
Operating Margin
87.09%
TTM Avg
85.08%
3Y Avg
82.13%
5Y Avg
76.31%
Market Cap
$149.13B
Operating Margin
52.08%
TTM Avg
54.35%
3Y Avg
48.73%
5Y Avg
53.98%
Market Cap
$182.89B
Operating Margin
43.49%
TTM Avg
35.50%
3Y Avg
34.52%
5Y Avg
35.70%
Market Cap
$127.62B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$126.16B
Operating Margin
16.23%
TTM Avg
15.23%
3Y Avg
10.05%
5Y Avg
10.98%
Market Cap
$124.65B
Operating Margin
3.29%
TTM Avg
7.13%
3Y Avg
12.64%
5Y Avg
18.34%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| BlackRock, Inc. (BLK) | $160.77B | 31.12% | 31.30% | 35.00% | 35.74% |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $165.22B | N/A | N/A | N/A | N/A |
| Interactive Brokers Group, Inc. (IBKR)vs › | $149.89B | 87.09% | 85.08% | 82.13% | 76.31% |
| Blackstone Inc. (BX)vs › | $149.13B | 52.08% | 54.35% | 48.73% | 53.98% |
| The Charles Schwab Corporation (SCHW)vs › | $182.89B | 43.49% | 35.50% | 34.52% | 35.70% |
| Chubb Limited (CB)vs › | $131.76B | 18.19% | 21.11% | 19.08% | 18.64% |
| Vanguard Dividend Appreciation ETF (VIG)vs › | $127.62B | N/A | N/A | N/A | N/A |
| The Progressive Corporation (PGR)vs › | $126.16B | 16.23% | 15.23% | 10.05% | 10.98% |
| Capital One Financial Corporation (COF)vs › | $124.65B | 3.29% | 7.13% | 12.64% | 18.34% |
| S&P Global Inc. (SPGI)vs › | $119.91B | 46.27% | 40.76% | 39.48% | 42.90% |
Gross Margin
46.7%
Operating Margin
31.1%
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 | 35.69% |
| 2026-03-31 | 33.76% |
| 2025-12-31 | 23.70% |
| 2025-09-30 | 31.42% |
| 2025-06-30 | 31.92% |
| 2025-03-31 | 32.18% |
| 2024-12-31 | 36.55% |
| 2024-09-30 | 38.60% |
| 2024-06-30 | 37.46% |
| 2024-03-31 | 35.81% |
| 2023-12-31 | 34.23% |
| 2023-09-30 | 36.20% |
| 2023-06-30 | 36.19% |
| 2023-03-31 | 33.89% |
| 2022-12-31 | 32.90% |
| 2022-09-30 | 35.40% |
| 2022-06-30 | 36.85% |
| 2022-03-31 | 37.54% |
| 2021-12-31 | 39.93% |
| 2021-09-30 | 38.32% |
| 2021-06-30 | 40.06% |
| 2021-03-31 | 35.13% |
| 2020-12-31 | 41.27% |
| 2020-09-30 | 40.22% |
| 2020-06-30 | 38.54% |
| 2020-03-31 | 18.44% |
| 2019-12-31 | 38.67% |
| 2019-09-30 | 40.68% |
| 2019-06-30 | 36.27% |
| 2019-03-31 | 36.85% |
| 2018-12-31 | 36.28% |
| 2018-09-30 | 39.04% |
| 2018-06-30 | 39.94% |
| 2018-03-31 | 38.38% |
| 2017-12-31 | 39.45% |
| 2017-09-30 | 39.74% |
| 2017-06-30 | 38.38% |
| 2017-03-31 | 37.10% |
| 2016-12-31 | 42.39% |
| 2016-09-30 | 42.62% |
| 2016-06-30 | 41.83% |
| 2016-03-31 | 36.70% |
| 2015-12-31 | 39.71% |
| 2015-09-30 | 41.99% |
| 2015-06-30 | 42.62% |
| 2015-03-31 | 39.18% |
| 2014-12-31 | 41.09% |
| 2014-09-30 | 40.61% |
| 2014-06-30 | 40.39% |
| 2014-03-31 | 39.36% |
| 2013-12-31 | 40.80% |
| 2013-09-30 | 39.08% |
| 2013-06-30 | 39.20% |
| 2013-03-31 | 37.12% |
| 2012-12-31 | 39.58% |
| 2012-09-30 | 37.72% |
| 2012-06-30 | 37.19% |
| 2012-03-31 | 36.24% |
| 2011-12-31 | 36.28% |
| 2011-09-30 | 34.92% |
| 2011-06-30 | 36.90% |
| 2011-03-31 | 34.97% |
| 2010-12-31 | 37.71% |
| 2010-09-30 | 33.80% |
| 2010-06-30 | 34.30% |
| 2010-03-31 | 32.78% |
| 2009-12-31 | 25.19% |
| 2009-09-30 | 31.32% |
| 2009-06-30 | 50.92% |
| 2009-03-31 | 27.46% |
| 2008-12-31 | 31.85% |
| 2008-09-30 | 20.69% |
| 2008-06-30 | 29.20% |
| 2008-03-31 | 30.43% |
| 2007-12-31 | 78.70% |
| 2007-09-30 | 20.93% |
| 2007-06-30 | 25.71% |
| 2007-03-31 | 27.08% |
| 2006-12-31 | 41.47% |
| 2006-09-30 | 8.98% |
| 2006-06-30 | 26.80% |
| 2006-03-31 | 25.28% |
| 2005-12-31 | 30.45% |
| 2005-09-30 | 26.49% |
| 2005-06-30 | 30.18% |
| 2005-03-31 | 26.62% |
| 2004-12-31 | 32.82% |
| 2004-09-30 | -9.52% |
| 2004-06-30 | 34.05% |
| 2004-03-31 | 41.72% |
| 2003-12-31 | -12.79% |
| 2003-09-30 | 57.81% |
| 2003-06-30 | 38.08% |
| 2003-03-31 | 37.87% |
| 2002-12-31 | 40.14% |
| 2002-09-30 | 40.47% |
