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 28.04% is in line with its 5-year average of 27.68%, around the middle of its 5-year range (21.31%–32.64%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.40% above its 12-month average of 27.93%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
28.04%
OPERATING MARGIN AVG TTM
27.93%
OPERATING MARGIN AVG 3Y
28.33%
OPERATING MARGIN AVG 5Y
27.68%
OPERATING MARGIN AVG 10Y
26.47%
OPERATING MARGIN AVG 15Y
26.56%
OPERATING MARGIN AVG 20Y
27.25%
CURRENT VS TTM AVG
+0.40%
CURRENT VS 3Y AVG
-1.02%
CURRENT VS 5Y AVG
+1.29%
CURRENT VS 10Y AVG
+5.94%
CURRENT VS 15Y AVG
+5.57%
CURRENT VS 20Y AVG
+2.88%
SECTOR MEDIAN · FINANCIAL SERVICES
22.96%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+22.12%
vs the sector median at left
Brown & Brown, Inc.
Market Cap
$22.93B
Operating Margin
28.04%
TTM Avg
27.93%
3Y Avg
28.33%
5Y Avg
27.68%
Market Cap
$23.63B
Operating Margin
12.36%
TTM Avg
10.39%
3Y Avg
15.08%
5Y Avg
14.18%
Market Cap
$23.71B
Operating Margin
22.85%
TTM Avg
23.05%
3Y Avg
23.22%
5Y Avg
25.99%
Market Cap
$21.11B
Operating Margin
12.56%
TTM Avg
8.66%
3Y Avg
-2.78%
5Y Avg
-16.52%
Market Cap
$24.96B
Operating Margin
30.18%
TTM Avg
31.41%
3Y Avg
32.53%
5Y Avg
37.12%
Market Cap
$20.09B
Operating Margin
16.21%
TTM Avg
20.86%
3Y Avg
21.67%
5Y Avg
20.60%
Market Cap
$26.34B
Operating Margin
29.77%
TTM Avg
26.83%
3Y Avg
30.14%
5Y Avg
31.51%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Brown & Brown, Inc. (BRO) | $22.93B | 28.04% | 27.93% | 28.33% | 27.68% |
| Principal Financial Group, Inc. (PFG)vs › | $23.63B | 12.36% | 10.39% | 15.08% | 14.18% |
| Synchrony Financial (SYF)vs › | $23.71B | 22.85% | 23.05% | 23.22% | 25.99% |
| Loews Corporation (L)vs › | $24.26B | 12.62% | 11.71% | 11.02% | 8.19% |
| KeyCorp (KEY)vs › | $24.45B | 18.05% | 8.61% | 14.51% | 20.70% |
| SoFi Technologies, Inc. (SOFI)vs › | $21.11B | 12.56% | 8.66% | -2.78% | -16.52% |
| T. Rowe Price Group, Inc. (TROW)vs › | $24.96B | 30.18% | 31.41% | 32.53% | 37.12% |
| Global Payments Inc. (GPN)vs › | $20.09B | 16.21% | 20.86% | 21.67% | 20.60% |
| Regions Financial Corporation (RF)vs › | $26.34B | 29.77% | 26.83% | 30.14% | 31.51% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $27.87B | 22.73% | 14.66% | 14.25% | 15.24% |
Gross Margin
87.7%
Operating Margin
28.0%
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 | 28.04% |
| 2025-12-31 | 25.70% |
| 2025-09-30 | 26.28% |
| 2025-06-30 | 26.98% |
| 2025-03-31 | 32.64% |
| 2024-12-31 | 21.76% |
| 2024-09-30 | 30.19% |
| 2024-06-30 | 29.55% |
| 2024-03-31 | 31.61% |
| 2023-12-31 | 21.31% |
| 2023-09-30 | 29.55% |
| 2023-06-30 | 28.28% |
| 2023-03-31 | 29.33% |
| 2022-12-31 | 24.87% |
| 2022-09-30 | 25.01% |
| 2022-06-30 | 27.47% |
| 2022-03-31 | 30.89% |
| 2021-12-31 | 23.17% |
| 2021-09-30 | 30.55% |
| 2021-06-30 | 26.98% |
| 2021-03-31 | 31.12% |
| 2020-12-31 | 21.08% |
| 2020-09-30 | 27.33% |
| 2020-06-30 | 23.93% |
| 2020-03-31 | 29.77% |
| 2019-12-31 | 20.06% |
| 2019-09-30 | 25.55% |
| 2019-06-30 | 23.33% |
| 2019-03-31 | 26.50% |
| 2018-12-31 | 21.91% |
| 2018-09-30 | 28.53% |
| 2018-06-30 | 23.31% |
| 2018-03-31 | 25.39% |
| 2017-12-31 | 24.40% |
| 2017-09-30 | 27.30% |
| 2017-06-30 | 26.23% |
| 2017-03-31 | 23.41% |
| 2016-12-31 | 25.03% |
| 2016-09-30 | 28.07% |
| 2016-06-30 | 27.22% |
| 2016-03-31 | 25.51% |
| 2015-12-31 | 26.18% |
| 2015-09-30 | 28.30% |
| 2015-06-30 | 25.98% |
| 2015-03-31 | 25.81% |
| 2014-12-31 | 24.71% |
| 2014-09-30 | 28.41% |
| 2014-06-30 | 26.83% |
| 2014-03-31 | 26.35% |
| 2013-12-31 | 22.98% |
| 2013-09-30 | 27.31% |
| 2013-06-30 | 27.53% |
| 2013-03-31 | 31.09% |
| 2012-12-31 | 21.87% |
| 2012-09-30 | 28.12% |
| 2012-06-30 | 25.37% |
| 2012-03-31 | 27.16% |
| 2011-12-31 | 24.92% |
| 2011-09-30 | 28.97% |
| 2011-06-30 | 26.37% |
| 2011-03-31 | 30.61% |
| 2010-12-31 | 23.45% |
| 2010-09-30 | 30.95% |
| 2010-06-30 | 29.40% |
| 2010-03-31 | 30.40% |
| 2009-12-31 | 20.91% |
| 2009-09-30 | 29.17% |
| 2009-06-30 | 28.66% |
| 2009-03-31 | 31.43% |
| 2008-12-31 | 24.93% |
| 2008-09-30 | 28.73% |
| 2008-06-30 | 29.10% |
| 2008-03-31 | 34.29% |
| 2007-12-31 | 26.17% |
| 2007-09-30 | 33.22% |
| 2007-06-30 | 35.64% |
| 2007-03-31 | 39.35% |
| 2006-12-31 | 30.44% |
| 2006-09-30 | 32.46% |
| 2006-06-30 | 33.65% |
| 2006-03-31 | 36.85% |
| 2005-12-31 | 29.69% |
| 2005-09-30 | 31.12% |
| 2005-06-30 | 32.76% |
| 2005-03-31 | 36.59% |
| 2004-12-31 | 30.83% |
| 2004-09-30 | 31.49% |
| 2004-06-30 | 33.73% |
| 2004-03-31 | 36.28% |
| 2003-12-31 | 31.24% |
| 2003-09-30 | 31.81% |
| 2003-06-30 | 32.98% |
| 2003-03-31 | 34.55% |
| 2002-12-31 | 27.67% |
| 2002-09-30 | 31.23% |
| 2002-06-30 | 32.07% |
