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 32.99% is 19% above its 5-year average of 27.62%, near the high end of its 5-year range (-24.08%–39.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.77% below its 12-month average of 33.93%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
32.99%
OPERATING MARGIN AVG TTM
33.93%
OPERATING MARGIN AVG 3Y
30.21%
OPERATING MARGIN AVG 5Y
27.62%
OPERATING MARGIN AVG 10Y
24.71%
OPERATING MARGIN AVG 15Y
33.42%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-2.77%
CURRENT VS 3Y AVG
+9.22%
CURRENT VS 5Y AVG
+19.43%
CURRENT VS 10Y AVG
+33.51%
CURRENT VS 15Y AVG
-1.29%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
23.38%
median of 94 covered companies
CURRENT VS SECTOR MEDIAN
+41.14%
vs the sector median at left
Cboe Global Markets, Inc.
Market Cap
$30.45B
Operating Margin
32.99%
TTM Avg
33.93%
3Y Avg
30.21%
5Y Avg
27.62%
Market Cap
$31.26B
Operating Margin
23.64%
TTM Avg
18.09%
3Y Avg
20.53%
5Y Avg
23.61%
Market Cap
$31.60B
Operating Margin
22.23%
TTM Avg
14.66%
3Y Avg
14.25%
5Y Avg
15.24%
Market Cap
$26.97B
Operating Margin
29.77%
TTM Avg
26.83%
3Y Avg
30.14%
5Y Avg
31.51%
Market Cap
$33.99B
Operating Margin
27.38%
TTM Avg
25.31%
3Y Avg
22.05%
5Y Avg
20.79%
Market Cap
$26.47B
Operating Margin
29.83%
TTM Avg
24.40%
3Y Avg
15.24%
5Y Avg
19.88%
Market Cap
$34.80B
Operating Margin
28.66%
TTM Avg
23.30%
3Y Avg
20.62%
5Y Avg
18.97%
Market Cap
$25.96B
Operating Margin
13.69%
TTM Avg
16.23%
3Y Avg
15.58%
5Y Avg
14.10%
Market Cap
$35.00B
Operating Margin
19.83%
TTM Avg
16.52%
3Y Avg
16.98%
5Y Avg
20.79%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cboe Global Markets, Inc. (CBOE) | $30.45B | 32.99% | 33.93% | 30.21% | 27.62% |
| Citizens Financial Group, Inc. (CFG)vs › | $31.26B | 23.64% | 18.09% | 20.53% | 23.61% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $31.60B | 22.23% | 14.66% | 14.25% | 15.24% |
| Regions Financial Corporation (RF)vs › | $26.97B | 29.77% | 26.83% | 30.14% | 31.51% |
| Arch Capital Group Ltd. (ACGL)vs › | $33.99B | 27.38% | 25.31% | 22.05% | 20.79% |
| Cincinnati Financial Corporation (CINF)vs › | $26.47B | 29.83% | 24.40% | 15.24% | 19.88% |
| Raymond James Financial, Inc. (RJF)vs › | $34.80B | 28.66% | 23.30% | 20.62% | 18.97% |
| W. R. Berkley Corporation (WRB)vs › | $25.96B | 13.69% | 16.23% | 15.58% | 14.10% |
| Northern Trust Corporation (NTRS)vs › | $35.00B | 19.83% | 16.52% | 16.98% | 20.79% |
| Synchrony Financial (SYF)vs › | $25.84B | 23.57% | 23.05% | 23.22% | 25.99% |
Gross Margin
52.3%
Operating Margin
33.0%
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 |
|---|---|
| 2026-06-30 | 32.99% |
| 2026-03-31 | 39.72% |
| 2025-12-31 | 35.61% |
| 2025-09-30 | 32.43% |
| 2025-06-30 | 28.90% |
| 2025-03-31 | 29.62% |
| 2024-12-31 | 26.95% |
| 2024-09-30 | 29.12% |
| 2024-06-30 | 21.57% |
| 2024-03-31 | 29.50% |
| 2023-12-31 | 30.35% |
| 2023-09-30 | 29.84% |
| 2023-06-30 | 26.97% |
| 2023-03-31 | 25.09% |
| 2022-12-31 | 24.93% |
| 2022-09-30 | 23.83% |
| 2022-06-30 | -24.08% |
| 2022-03-31 | 24.60% |
| 2021-12-31 | 25.46% |
| 2021-09-30 | 23.35% |
| 2021-06-30 | 23.73% |
| 2021-03-31 | 20.24% |
| 2020-12-31 | 15.97% |
| 2020-09-30 | 17.57% |
| 2020-06-30 | 18.61% |
| 2020-03-31 | 24.57% |
| 2019-12-31 | 19.91% |
| 2019-09-30 | 21.82% |
| 2019-06-30 | 20.17% |
| 2019-03-31 | 24.31% |
| 2018-12-31 | 23.61% |
| 2018-09-30 | 21.90% |
| 2018-06-30 | 19.34% |
| 2018-03-31 | 21.56% |
| 2017-12-31 | 17.51% |
| 2017-09-30 | 19.51% |
| 2017-06-30 | 18.38% |
| 2017-03-31 | 7.33% |
| 2016-12-31 | 46.01% |
| 2016-09-30 | 42.12% |
| 2016-06-30 | 47.76% |
| 2016-03-31 | 48.97% |
| 2015-12-31 | 48.67% |
| 2015-09-30 | 54.06% |
| 2015-06-30 | 49.33% |
| 2015-03-31 | 48.69% |
| 2014-12-31 | 52.23% |
| 2014-09-30 | 50.42% |
| 2014-06-30 | 48.43% |
| 2014-03-31 | 51.96% |
| 2013-12-31 | 51.19% |
| 2013-09-30 | 50.04% |
| 2013-06-30 | 49.98% |
| 2013-03-31 | 48.65% |
| 2012-12-31 | 45.94% |
| 2012-09-30 | 47.43% |
| 2012-06-30 | 49.84% |
| 2012-03-31 | 47.30% |
| 2011-12-31 | 43.82% |
| 2011-09-30 | 52.20% |
| 2011-06-29 | 46.93% |
| 2011-03-31 | 46.38% |
| 2010-12-31 | 44.17% |
| 2010-09-30 | 32.95% |
| 2010-06-30 | 37.14% |
| 2010-03-31 | 38.31% |
| 2009-12-31 | 46.91% |
| 2009-09-30 | 33.61% |
| 2009-06-30 | 43.66% |
| 2009-03-31 | 41.11% |
