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 41.15% is in line with its 5-year average of 43.69%, around the middle of its 5-year range (36.04%–49.29%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.35% above its 12-month average of 41.00%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
41.15%
OPERATING MARGIN AVG TTM
41.00%
OPERATING MARGIN AVG 3Y
41.15%
OPERATING MARGIN AVG 5Y
43.69%
OPERATING MARGIN AVG 10Y
46.91%
OPERATING MARGIN AVG 15Y
46.57%
OPERATING MARGIN AVG 20Y
34.59%
CURRENT VS TTM AVG
+0.35%
CURRENT VS 3Y AVG
+0.01%
CURRENT VS 5Y AVG
-5.81%
CURRENT VS 10Y AVG
-12.28%
CURRENT VS 15Y AVG
-11.64%
CURRENT VS 20Y AVG
+18.98%
SECTOR MEDIAN · FINANCIAL SERVICES
23.18%
median of 101 covered companies
CURRENT VS SECTOR MEDIAN
+77.52%
vs the sector median at left
MarketAxess Holdings Inc.
Market Cap
$5.72B
Operating Margin
41.15%
TTM Avg
41.00%
3Y Avg
41.15%
5Y Avg
43.69%
Market Cap
$5.54B
Operating Margin
29.52%
TTM Avg
30.66%
3Y Avg
32.85%
5Y Avg
36.53%
Market Cap
$5.45B
Operating Margin
80.71%
TTM Avg
77.53%
3Y Avg
73.88%
5Y Avg
64.77%
Market Cap
$8.17B
Operating Margin
-101.10%
TTM Avg
-77.76%
3Y Avg
-122.25%
5Y Avg
-83.27%
Market Cap
$2.74B
Operating Margin
69.73%
TTM Avg
170.78%
3Y Avg
-122.92%
5Y Avg
-51.58%
Market Cap
$8.70B
Operating Margin
35.90%
TTM Avg
33.14%
3Y Avg
30.23%
5Y Avg
28.61%
Market Cap
$9.81B
Operating Margin
-2104.64%
TTM Avg
-910.51%
3Y Avg
-472.61%
5Y Avg
-363.28%
Market Cap
$1.10B
Operating Margin
-4.31%
TTM Avg
-1.56%
3Y Avg
27.65%
5Y Avg
30.81%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MarketAxess Holdings Inc. (MKTX) | $5.72B | 41.15% | 41.00% | 41.15% | 43.69% |
| RLI Corp. (RLI)vs › | $5.89B | 28.42% | 25.84% | 29.77% | 27.90% |
| Axos Financial, Inc. (AX)vs › | $5.54B | 29.52% | 30.66% | 32.85% | 36.53% |
| Main Street Capital Corporation (MAIN)vs › | $5.45B | 80.71% | 77.53% | 73.88% | 64.77% |
| TeraWulf Inc. (WULF)vs › | $8.17B | -101.10% | -77.76% | -122.25% | -83.27% |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.74B | 69.73% | 170.78% | -122.92% | -51.58% |
| Kinsale Capital Group, Inc. (KNSL)vs › | $8.70B | 35.90% | 33.14% | 30.23% | 28.61% |
| Hut 8 Corp. (HUT)vs › | $9.81B | -2104.64% | -910.51% | -472.61% | -363.28% |
| Lufax Holding Ltd (LU)vs › | $1.10B | -4.31% | -1.56% | 27.65% | 30.81% |
| Washington Trust Bancorp, Inc. (WASH)vs › | $759.57M | 18.58% | 2.60% | 14.04% | 21.54% |
Gross Margin
67.5%
Operating Margin
41.1%
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 | 41.15% |
| 2026-03-31 | 43.24% |
| 2025-12-31 | 37.09% |
| 2025-09-30 | 40.18% |
| 2025-06-30 | 43.36% |
| 2025-03-31 | 44.06% |
| 2024-12-31 | 36.04% |
| 2024-09-30 | 44.35% |
| 2024-06-30 | 41.49% |
| 2024-03-31 | 43.51% |
| 2023-12-31 | 41.48% |
| 2023-09-30 | 36.85% |
| 2023-06-30 | 42.11% |
| 2023-03-31 | 46.93% |
| 2022-12-31 | 43.66% |
| 2022-09-30 | 44.34% |
| 2022-06-30 | 46.53% |
| 2022-03-31 | 46.92% |
| 2021-12-31 | 43.84% |
| 2021-09-30 | 45.51% |
| 2021-06-30 | 49.29% |
| 2021-03-31 | 52.94% |
| 2020-12-31 | 53.52% |
| 2020-09-30 | 53.54% |
| 2020-06-30 | 56.35% |
| 2020-03-31 | 53.91% |
| 2019-12-31 | 46.89% |
| 2019-09-30 | 49.59% |
| 2019-06-30 | 48.05% |
| 2019-03-31 | 50.76% |
| 2018-12-31 | 47.99% |
| 2018-09-30 | 46.37% |
| 2018-06-30 | 49.11% |
| 2018-03-31 | 52.65% |
| 2017-12-31 | 49.59% |
| 2017-09-30 | 48.83% |
| 2017-06-30 | 50.94% |
| 2017-03-31 | 53.52% |
| 2016-12-31 | 53.29% |
| 2016-09-30 | 51.35% |
| 2016-06-30 | 52.31% |
| 2016-03-31 | 50.09% |
| 2015-12-31 | 48.26% |
| 2015-09-30 | 47.65% |
| 2015-06-30 | 49.09% |
| 2015-03-31 | 50.15% |
| 2014-12-31 | 47.73% |
| 2014-09-30 | 44.00% |
| 2014-06-30 | 44.75% |
| 2014-03-31 | 43.70% |
| 2013-12-31 | 41.03% |
| 2013-09-30 | 43.16% |
| 2013-06-30 | 49.48% |
| 2013-03-31 | 45.98% |
| 2012-12-31 | 42.73% |
| 2012-09-30 | 46.33% |
| 2012-06-30 | 43.42% |
| 2012-03-31 | 44.84% |
| 2011-12-31 | 41.80% |
| 2011-09-30 | 0.00% |
| 2011-06-30 | 0.00% |
| 2011-03-31 | 0.00% |
| 2010-12-31 | 37.42% |
| 2010-09-30 | 0.00% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 0.00% |
| 2009-09-30 | 0.00% |
| 2009-06-30 | 0.00% |
| 2009-03-31 | 0.00% |
| 2008-12-31 | 0.00% |
| 2008-09-30 | 0.00% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 0.00% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 16.41% |
| 2007-06-30 | 0.00% |
| 2007-03-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
