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 12.96% is in line with its 5-year average of 14.10%, near the low end of its 5-year range (11.29%–17.55%).
As of the fiscal period ended Tuesday, March 31, 2026. 13.93% below its 12-month average of 15.06%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
12.96%
OPERATING MARGIN AVG TTM
15.06%
OPERATING MARGIN AVG 3Y
14.64%
OPERATING MARGIN AVG 5Y
14.10%
OPERATING MARGIN AVG 10Y
13.53%
OPERATING MARGIN AVG 15Y
13.60%
OPERATING MARGIN AVG 20Y
14.15%
CURRENT VS TTM AVG
-13.93%
CURRENT VS 3Y AVG
-11.49%
CURRENT VS 5Y AVG
-8.09%
CURRENT VS 10Y AVG
-4.21%
CURRENT VS 15Y AVG
-4.67%
CURRENT VS 20Y AVG
-8.40%
SECTOR MEDIAN · FINANCIAL SERVICES
22.96%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-43.54%
vs the sector median at left
Berkshire Hathaway Inc.
Market Cap
$1.07T
Operating Margin
12.96%
TTM Avg
15.06%
3Y Avg
14.64%
5Y Avg
14.10%
Market Cap
$1.07T
Operating Margin
16.06%
TTM Avg
15.93%
3Y Avg
14.71%
5Y Avg
13.95%
Market Cap
$946.43B
Operating Margin
28.19%
TTM Avg
26.84%
3Y Avg
27.44%
5Y Avg
30.69%
Market Cap
$778.74B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$624.45B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$476.83B
Operating Margin
59.40%
TTM Avg
57.25%
3Y Avg
56.36%
5Y Avg
55.28%
Market Cap
$475.41B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Berkshire Hathaway Inc. (BRK-A) | $1.07T | 12.96% | 15.06% | 14.64% | 14.10% |
| Berkshire Hathaway Inc. (BRK-B)vs › | $1.07T | 16.06% | 15.93% | 14.71% | 13.95% |
| JPMorgan Chase & Co. (JPM)vs › | $946.43B | 28.19% | 26.84% | 27.44% | 30.69% |
| State Street SPDR S&P 500 ETF (SPY)vs › | $778.74B | N/A | N/A | N/A | N/A |
| Visa Inc. (V)vs › | $681.89B | 61.12% | 62.84% | 63.54% | 64.03% |
| Vanguard Total Stock Market ETF (VTI)vs › | $624.45B | N/A | N/A | N/A | N/A |
| Vanguard S&P 500 ETF (VOO)vs › | $1.65T | N/A | N/A | N/A | N/A |
| Mastercard Incorporated (MA)vs › | $476.83B | 59.40% | 57.25% | 56.36% | 55.28% |
| Invesco QQQ Trust, Series 1 (QQQ)vs › | $475.41B | N/A | N/A | N/A | N/A |
| Bank of America Corporation (BAC)vs › | $440.34B | 24.70% | 17.44% | 19.57% | 22.46% |
Gross Margin
23.9%
Operating Margin
13.0%
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 |
|---|---|
| 2026-03-31 | 12.96% |
| 2025-12-31 | 13.78% |
| 2025-09-30 | 17.55% |
| 2025-06-30 | 16.84% |
| 2025-03-31 | 14.17% |
| 2024-12-31 | 17.28% |
| 2024-09-30 | 13.96% |
| 2024-06-30 | 15.66% |
| 2024-03-31 | 15.44% |
| 2023-12-31 | 12.61% |
| 2023-09-30 | 14.20% |
| 2023-06-30 | 13.57% |
| 2023-03-31 | 12.35% |
| 2022-12-31 | 16.50% |
| 2022-09-30 | 11.29% |
| 2022-06-30 | 14.56% |
| 2022-03-31 | 12.58% |
| 2021-12-31 | 12.31% |
| 2021-09-30 | 11.30% |
| 2021-06-30 | 13.46% |
| 2021-03-31 | 13.79% |
| 2020-12-31 | 11.30% |
| 2020-09-30 | 12.11% |
| 2020-06-30 | 12.92% |
| 2020-03-31 | 12.60% |
| 2019-12-31 | 38.06% |
| 2019-09-30 | 27.00% |
| 2019-06-30 | 24.11% |
| 2019-03-31 | 34.13% |
| 2018-12-31 | -116.01% |
| 2018-09-30 | 29.62% |
| 2018-06-30 | 22.02% |
| 2018-03-31 | -3.02% |
| 2017-12-31 | 6.97% |
| 2017-09-30 | 8.81% |
| 2017-06-30 | 9.99% |
| 2017-03-31 | 8.36% |
| 2016-12-31 | 16.46% |
| 2016-09-30 | 17.57% |
| 2016-06-30 | 13.16% |
| 2016-03-31 | 11.68% |
| 2015-12-31 | 14.41% |
| 2015-09-30 | 23.55% |
| 2015-06-30 | 11.34% |
| 2015-03-31 | 16.16% |
| 2014-12-31 | 12.07% |
| 2014-09-30 | 13.25% |
| 2014-06-30 | 17.97% |
| 2014-03-31 | 14.59% |
| 2013-12-31 | 15.54% |
| 2013-09-30 | 16.00% |
| 2013-06-30 | 15.58% |
| 2013-03-31 | 17.10% |
| 2012-12-31 | 15.10% |
| 2012-09-30 | 14.42% |
| 2012-06-30 | 11.65% |
| 2012-03-31 | 13.28% |
| 2011-12-31 | 11.73% |
| 2011-09-30 | 9.97% |
| 2011-06-30 | 13.76% |
| 2011-03-31 | 6.63% |
| 2010-12-31 | 17.92% |
| 2010-09-30 | 12.50% |
| 2010-06-30 | 9.27% |
| 2010-03-31 | 15.91% |
| 2009-12-31 | 14.79% |
| 2009-09-30 | 16.18% |
| 2009-06-30 | 16.18% |
| 2009-03-31 | -11.16% |
| 2008-12-31 | 0.51% |
| 2008-09-30 | 5.10% |
| 2008-06-30 | 14.99% |
| 2008-03-31 | 5.42% |
| 2007-12-31 | 15.55% |
| 2007-09-30 | 22.92% |
| 2007-06-30 | 17.82% |
| 2007-03-31 | 12.42% |
| 2006-12-31 | 20.20% |
| 2006-09-30 | 16.95% |
| 2006-06-30 | 15.08% |
| 2006-03-31 | 17.08% |
| 2005-12-31 | 29.58% |
| 2005-09-30 | 3.63% |
| 2005-06-30 | 11.03% |
| 2005-03-31 | 10.08% |
| 2004-12-31 | 25.62% |
| 2004-09-30 | 10.39% |
| 2004-06-30 | 9.95% |
| 2004-03-31 | 12.59% |
| 2003-12-31 | 17.31% |
| 2003-09-30 | 13.53% |
| 2003-06-30 | 23.06% |
| 2003-03-31 | 22.67% |
| 2002-12-31 | 15.04% |
| 2002-09-30 | 15.82% |
| 2002-06-30 | 16.41% |