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 23.53% is 44% above its 5-year average of 16.33%, near the high end of its 5-year range (4.70%–28.46%).
2.61% above its 12-month average of 22.93%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 24.22%.
OPERATING MARGIN
23.53%
OPERATING MARGIN AVG TTM
22.93%
OPERATING MARGIN AVG 3Y
19.88%
OPERATING MARGIN AVG 5Y
16.33%
OPERATING MARGIN AVG 10Y
17.43%
OPERATING MARGIN AVG 15Y
19.79%
OPERATING MARGIN AVG 20Y
21.33%
CURRENT VS TTM AVG
+2.61%
CURRENT VS 3Y AVG
+18.37%
CURRENT VS 5Y AVG
+44.13%
CURRENT VS 10Y AVG
+35.04%
CURRENT VS 15Y AVG
+18.93%
CURRENT VS 20Y AVG
+10.31%
SECTOR MEDIAN · FINANCIAL SERVICES
17.26%
median of 563 covered companies
CURRENT VS SECTOR MEDIAN
+36.33%
vs the sector median at left
Morningstar, Inc.
Market Cap
$7.32B
Operating Margin
23.53%
TTM Avg
22.93%
3Y Avg
19.88%
5Y Avg
16.33%
Market Cap
$7.41B
Operating Margin
-101.10%
TTM Avg
-77.76%
3Y Avg
-122.25%
5Y Avg
-83.27%
Market Cap
$7.09B
Operating Margin
14.48%
TTM Avg
16.79%
3Y Avg
22.39%
5Y Avg
27.74%
Market Cap
$7.62B
Operating Margin
35.90%
TTM Avg
33.14%
3Y Avg
30.23%
5Y Avg
28.61%
Market Cap
$7.75B
Operating Margin
43.49%
TTM Avg
41.47%
3Y Avg
41.47%
5Y Avg
41.47%
Market Cap
$7.80B
Operating Margin
23.41%
TTM Avg
20.61%
3Y Avg
24.17%
5Y Avg
27.95%
Market Cap
$6.62B
Operating Margin
78.88%
TTM Avg
80.75%
3Y Avg
90.27%
5Y Avg
92.97%
Market Cap
$8.01B
Operating Margin
35.00%
TTM Avg
33.34%
3Y Avg
34.63%
5Y Avg
36.33%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Morningstar, Inc. (MORN) | $7.32B | 23.53% | 22.93% | 19.88% | 16.33% |
| TeraWulf Inc. (WULF)vs › | $7.41B | -101.10% | -77.76% | -122.25% | -83.27% |
| Valley National Bancorp (VLY)vs › | $7.09B | 14.48% | 16.79% | 22.39% | 27.74% |
| Galaxy Digital (GLXY)vs › | $7.59B | 0.80% | 1.29% | 0.65% | 0.43% |
| Kinsale Capital Group, Inc. (KNSL)vs › | $7.62B | 35.90% | 33.14% | 30.23% | 28.61% |
| Central Bancompany (CBC)vs › | $7.75B | 43.49% | 41.47% | 41.47% | 41.47% |
| BOK Financial Corporation (BOKF)vs › | $7.80B | 23.41% | 20.61% | 24.17% | 27.95% |
| PIMCO Dynamic Income Fund (PDI)vs › | $6.62B | 78.88% | 80.75% | 90.27% | 92.97% |
| Commerce Bancshares, Inc. (CBSH)vs › | $8.01B | 35.00% | 33.34% | 34.63% | 36.33% |
| Enact Holdings Inc. (ACT)vs › | $6.47B | 69.17% | 71.42% | 74.68% | 67.24% |
Gross Margin
62.2%
Operating Margin
23.5%
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 | 24.22% |
| 2026-03-31 | 24.18% |
| 2025-12-31 | 24.89% |
| 2025-09-30 | 20.70% |
| 2025-06-30 | 20.67% |
| 2025-03-31 | 19.61% |
| 2024-12-31 | 28.46% |
| 2024-09-30 | 20.28% |
| 2024-06-30 | 18.97% |
| 2024-03-31 | 17.06% |
| 2023-12-31 | 17.52% |
| 2023-09-30 | 13.58% |
| 2023-06-30 | 8.26% |
| 2023-03-31 | 5.11% |
| 2022-12-31 | 7.47% |
| 2022-09-30 | 4.70% |
| 2022-06-30 | 11.46% |
| 2022-03-31 | 12.34% |
| 2021-12-31 | 16.18% |
| 2021-09-30 | 15.81% |
| 2021-06-30 | 11.36% |
| 2021-03-31 | 17.11% |
| 2020-12-31 | 17.11% |
| 2020-09-30 | 12.40% |
| 2020-06-30 | 18.69% |
| 2020-03-31 | 13.73% |
| 2019-12-31 | 11.94% |
| 2019-09-30 | 15.81% |
| 2019-06-30 | 18.55% |
| 2019-03-31 | 19.12% |
| 2018-12-31 | 18.77% |
| 2018-09-30 | 25.03% |
| 2018-06-30 | 21.24% |
| 2018-03-31 | 19.51% |
| 2017-12-31 | 17.52% |
| 2017-09-30 | 22.97% |
| 2017-06-30 | 20.07% |
| 2017-03-31 | 13.56% |
| 2016-12-31 | 23.52% |
| 2016-09-30 | 22.54% |
| 2016-06-30 | 22.40% |
| 2016-03-31 | 22.02% |
| 2015-12-31 | 24.85% |
| 2015-09-30 | 23.66% |
| 2015-06-30 | 24.59% |
| 2015-03-31 | 23.45% |
| 2014-12-31 | 23.72% |
| 2014-09-30 | 23.46% |
| 2014-06-30 | -13.09% |
| 2014-03-31 | 21.25% |
| 2013-12-31 | 23.21% |
| 2013-09-30 | 25.72% |
| 2013-06-30 | 24.84% |
| 2013-03-31 | 24.02% |
| 2012-12-31 | 23.02% |
| 2012-09-30 | 24.77% |
| 2012-06-30 | 24.79% |
| 2012-03-31 | 18.91% |
| 2011-12-31 | 21.53% |
| 2011-09-30 | 21.16% |
| 2011-06-30 | 23.98% |
| 2011-03-31 | 20.96% |
| 2010-12-31 | 21.36% |
| 2010-09-30 | 21.57% |
| 2010-06-30 | 20.33% |
| 2010-03-31 | 24.12% |
| 2009-12-31 | 19.83% |
| 2009-09-30 | 28.05% |
| 2009-06-30 | 27.35% |
| 2009-03-31 | 29.66% |
| 2008-12-31 | 24.05% |
| 2008-09-30 | 27.23% |
| 2008-06-30 | 31.44% |
| 2008-03-31 | 27.65% |
| 2007-12-31 | 28.22% |
| 2007-09-30 | 28.11% |
| 2007-06-30 | 25.93% |
| 2007-03-31 | 25.17% |
| 2006-12-31 | 23.36% |
| 2006-09-30 | 25.10% |
| 2006-06-30 | 22.89% |
| 2006-03-31 | 27.40% |
| 2005-12-31 | 23.23% |
| 2005-09-30 | 21.69% |
| 2005-06-30 | 23.37% |
| 2005-03-31 | 12.93% |
| 2004-12-31 | 2.19% |
| 2004-09-30 | 14.18% |
| 2004-06-30 | 7.92% |
| 2004-03-31 | 16.14% |
| 2001-09-30 | 263.68% |
| 2001-03-31 | -98.77% |
