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 34.64% is 30% above its 5-year average of 26.55%, near the high end of its 5-year range (21.43%–34.64%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.36% above its 12-month average of 30.55%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
34.64%
OPERATING MARGIN AVG TTM
30.55%
OPERATING MARGIN AVG 3Y
27.22%
OPERATING MARGIN AVG 5Y
26.15%
OPERATING MARGIN AVG 10Y
24.80%
OPERATING MARGIN AVG 15Y
24.22%
OPERATING MARGIN AVG 20Y
22.61%
CURRENT VS TTM AVG
+13.36%
CURRENT VS 3Y AVG
+27.25%
CURRENT VS 5Y AVG
+32.46%
CURRENT VS 10Y AVG
+39.66%
CURRENT VS 15Y AVG
+43.02%
CURRENT VS 20Y AVG
+53.20%
SECTOR MEDIAN · FINANCIAL SERVICES
23.30%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+48.66%
vs the sector median at left
Market Cap
$51.21B
Operating Margin
20.11%
TTM Avg
23.65%
3Y Avg
26.39%
5Y Avg
28.69%
Market Cap
$50.97B
Operating Margin
19.05%
TTM Avg
15.97%
3Y Avg
17.22%
5Y Avg
19.88%
Market Cap
$50.47B
Operating Margin
18.78%
TTM Avg
17.52%
3Y Avg
16.46%
5Y Avg
16.33%
Market Cap
$50.34B
Operating Margin
88.29%
TTM Avg
60.11%
3Y Avg
58.92%
5Y Avg
47.02%
Market Cap
$49.07B
Operating Margin
27.14%
TTM Avg
25.58%
3Y Avg
25.51%
5Y Avg
24.31%
Market Cap
$44.83B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$42.36B
Operating Margin
7.10%
TTM Avg
6.21%
3Y Avg
3.69%
5Y Avg
4.90%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nasdaq, Inc. (NDAQ) | $52.65B | 34.64% | 30.55% | 27.22% | 26.15% |
| Fifth Third Bancorp (FITB)vs › | $51.21B | 20.11% | 23.65% | 26.39% | 28.69% |
| State Street Corporation (STT)vs › | $50.97B | 19.05% | 15.97% | 17.22% | 19.88% |
| PayPal Holdings, Inc. (PYPL)vs › | $50.47B | 18.78% | 17.52% | 16.46% | 16.33% |
| Discover Financial Services (DFS)vs › | $50.34B | 88.29% | 60.11% | 58.92% | 47.02% |
| Ameriprise Financial, Inc. (AMP)vs › | $49.07B | 27.14% | 25.58% | 25.51% | 24.31% |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $44.83B | N/A | N/A | N/A | N/A |
| MetLife, Inc. (MET)vs › | $61.85B | 6.26% | 7.04% | 6.66% | 8.38% |
| Prudential Financial, Inc. (PRU)vs › | $42.36B | 7.10% | 6.21% | 3.69% | 4.90% |
| Ares Management Corporation (ARES)vs › | $42.07B | 22.90% | 25.79% | 21.14% | 20.23% |
Gross Margin
47.9%
Operating Margin
34.6%
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 | 34.64% |
| 2026-03-31 | 30.74% |
| 2025-12-31 | 30.29% |
| 2025-09-30 | 29.93% |
| 2025-06-30 | 27.18% |
| 2025-03-31 | 26.17% |
| 2024-12-31 | 25.47% |
| 2024-09-30 | 23.55% |
| 2024-06-30 | 23.60% |
| 2024-03-31 | 24.49% |
| 2023-12-31 | 21.43% |
| 2023-09-30 | 29.70% |
| 2023-06-30 | 26.66% |
| 2023-03-31 | 26.88% |
| 2022-12-31 | 22.06% |
| 2022-09-30 | 25.56% |
| 2022-06-30 | 26.55% |
| 2022-03-31 | 26.38% |
| 2021-12-31 | 23.45% |
| 2021-09-30 | 26.23% |
| 2021-06-30 | 26.63% |
| 2021-03-31 | 22.11% |
| 2020-12-31 | 21.75% |
| 2020-09-30 | 23.07% |
| 2020-06-30 | 22.53% |
| 2020-03-31 | 20.33% |
| 2019-12-31 | 24.41% |
| 2019-09-30 | 20.62% |
| 2019-06-30 | 24.13% |
| 2019-03-31 | 26.47% |
| 2018-12-31 | 21.21% |
| 2018-09-30 | 25.52% |
| 2018-06-30 | 26.19% |
| 2018-03-31 | 23.72% |
| 2017-12-31 | 23.73% |
| 2017-09-30 | 27.15% |
| 2017-06-30 | 24.35% |
| 2017-03-31 | 25.39% |
| 2016-12-31 | 21.89% |
| 2016-09-30 | 25.08% |
| 2016-06-30 | 19.40% |
| 2016-03-31 | 24.20% |
| 2015-12-31 | 28.32% |
| 2015-09-30 | 26.52% |
| 2015-06-30 | 26.89% |
| 2015-03-31 | 3.15% |
| 2014-12-31 | 18.80% |
| 2014-09-30 | 25.31% |
| 2014-06-30 | 22.08% |
| 2014-03-31 | 20.49% |
| 2013-12-31 | 28.03% |
| 2013-09-30 | 25.09% |
| 2013-06-30 | 19.53% |
| 2013-03-31 | 12.10% |
| 2012-12-31 | 23.14% |
| 2012-09-30 | 22.79% |
| 2012-06-30 | 21.47% |
| 2012-03-31 | 21.27% |
| 2011-12-31 | 19.12% |
| 2011-09-30 | 20.66% |
| 2011-06-30 | 18.88% |
| 2011-03-31 | 22.45% |
| 2010-12-31 | 21.71% |
| 2010-09-30 | 21.80% |
| 2010-06-30 | 20.20% |
| 2010-03-31 | 14.53% |
| 2009-12-31 | 18.14% |
| 2009-09-30 | 16.17% |
| 2009-06-30 | 17.89% |
| 2009-03-31 | 18.55% |
| 2008-12-31 | 18.31% |
| 2008-09-30 | 17.37% |
| 2008-06-30 | 18.86% |
| 2008-03-31 | 16.34% |
| 2007-12-31 | 15.28% |
| 2007-09-30 | 12.86% |
| 2007-06-30 | 17.72% |
| 2007-03-31 | 14.48% |
| 2006-12-31 | 15.22% |
| 2006-09-30 | 16.84% |
| 2006-06-30 | 8.84% |
| 2006-03-31 | 10.55% |
| 2005-12-31 | 12.80% |
| 2005-09-30 | 14.23% |
| 2005-06-30 | 11.98% |
| 2005-03-31 | 12.63% |
| 2004-12-31 | -0.01% |
| 2004-09-30 | -7.23% |
| 2004-06-30 | 7.14% |
| 2004-03-31 | 6.70% |
| 2003-12-31 | 38.94% |
| 2003-09-30 | -9.03% |
| 2003-06-30 | -28.43% |
| 2003-03-31 | 6.22% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 13.61% |
