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 19.83% is in line with its 5-year average of 19.50%, around the middle of its 5-year range (4.47%–31.62%).
5.34% above its 12-month average of 18.83%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 25.28%.
OPERATING MARGIN
19.83%
OPERATING MARGIN AVG TTM
18.83%
OPERATING MARGIN AVG 3Y
15.94%
OPERATING MARGIN AVG 5Y
19.50%
OPERATING MARGIN AVG 10Y
23.91%
OPERATING MARGIN AVG 15Y
25.41%
OPERATING MARGIN AVG 20Y
25.10%
CURRENT VS TTM AVG
+5.34%
CURRENT VS 3Y AVG
+24.40%
CURRENT VS 5Y AVG
+1.69%
CURRENT VS 10Y AVG
-17.07%
CURRENT VS 15Y AVG
-21.95%
CURRENT VS 20Y AVG
-20.99%
SECTOR MEDIAN · FINANCIAL SERVICES
16.58%
median of 591 covered companies
CURRENT VS SECTOR MEDIAN
+19.60%
vs the sector median at left
Northern Trust Corporation
Market Cap
$32.88B
Operating Margin
19.83%
TTM Avg
18.83%
3Y Avg
15.94%
5Y Avg
19.50%
Market Cap
$32.73B
Operating Margin
20.36%
TTM Avg
20.81%
3Y Avg
24.63%
5Y Avg
23.87%
Market Cap
$33.15B
Operating Margin
27.38%
TTM Avg
25.31%
3Y Avg
22.05%
5Y Avg
20.79%
Market Cap
$33.16B
Operating Margin
27.38%
TTM Avg
25.31%
3Y Avg
22.05%
5Y Avg
20.79%
Market Cap
$33.44B
Operating Margin
20.36%
TTM Avg
20.81%
3Y Avg
24.63%
5Y Avg
23.87%
Market Cap
$32.18B
Operating Margin
27.38%
TTM Avg
25.31%
3Y Avg
22.05%
5Y Avg
20.79%
Market Cap
$31.83B
Operating Margin
33.19%
TTM Avg
27.34%
3Y Avg
28.64%
5Y Avg
30.53%
Market Cap
$34.11B
Operating Margin
20.36%
TTM Avg
20.81%
3Y Avg
24.63%
5Y Avg
23.87%
Market Cap
$34.18B
Operating Margin
20.36%
TTM Avg
20.81%
3Y Avg
24.63%
5Y Avg
23.87%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northern Trust Corporation (NTRSO) | $32.88B | 19.83% | 18.83% | 15.94% | 19.50% |
| Huntington Bancshares Incorporated (HBANM)vs › | $32.73B | 20.36% | 20.81% | 24.63% | 23.87% |
| Arch Capital Group Ltd. (ACGL)vs › | $33.15B | 27.38% | 25.31% | 22.05% | 20.79% |
| Arch Capital Group Ltd. (ACGLO)vs › | $33.16B | 27.38% | 25.31% | 22.05% | 20.79% |
| Huntington Bancshares Incorporated (HBANP)vs › | $33.44B | 20.36% | 20.81% | 24.63% | 23.87% |
| Arch Capital Group Ltd. (ACGLN)vs › | $32.18B | 27.38% | 25.31% | 22.05% | 20.79% |
| M&T Bank Corporation (MTB)vs › | $31.83B | 33.19% | 27.34% | 28.64% | 30.53% |
| Huntington Bancshares Incorporated (HBANZ)vs › | $34.11B | 20.36% | 20.81% | 24.63% | 23.87% |
| Huntington Bancshares Incorporated (HBANL)vs › | $34.18B | 20.36% | 20.81% | 24.63% | 23.87% |
| Northern Trust Corporation (NTRS)vs › | $31.09B | 19.83% | 16.52% | 16.98% | 20.79% |
Operating Margin
19.8%
Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
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 | 25.28% |
| 2026-03-31 | 18.51% |
| 2025-12-31 | 17.34% |
| 2025-09-30 | 17.31% |
| 2025-06-30 | 15.69% |
| 2025-03-31 | 14.84% |
| 2024-12-31 | 16.17% |
| 2024-09-30 | 15.27% |
| 2024-06-30 | 24.97% |
| 2024-03-31 | 8.15% |
| 2023-12-31 | 4.47% |
| 2023-09-30 | 13.55% |
| 2023-06-30 | 14.79% |
| 2023-03-31 | 16.64% |
| 2022-12-31 | 8.84% |
| 2022-09-30 | 25.70% |
| 2022-06-30 | 29.54% |
| 2022-03-31 | 29.68% |
| 2021-12-31 | 30.54% |
| 2021-09-30 | 31.62% |
| 2021-06-30 | 30.64% |
| 2021-03-31 | 31.13% |
| 2020-12-31 | 24.25% |
| 2020-09-30 | 25.79% |
| 2020-06-30 | 26.18% |
| 2020-03-31 | 26.98% |
| 2019-12-31 | 27.97% |
| 2019-09-30 | 29.21% |
| 2019-06-30 | 29.31% |
| 2019-03-31 | 26.26% |
| 2018-12-31 | 28.00% |
| 2018-09-30 | 28.88% |
| 2018-06-30 | 30.55% |
| 2018-03-31 | 30.27% |
| 2017-12-31 | 28.42% |
| 2017-09-30 | 28.83% |
| 2017-06-30 | 27.98% |
| 2017-03-31 | 29.15% |
| 2016-12-31 | 30.42% |
| 2016-09-30 | 29.66% |
| 2016-06-30 | 31.67% |
| 2016-03-31 | 29.10% |
| 2015-12-31 | 29.25% |
| 2015-09-30 | 29.62% |
| 2015-06-30 | 34.47% |
| 2015-03-31 | 29.85% |
| 2014-12-31 | 29.55% |
| 2014-09-30 | 27.08% |
| 2014-06-30 | 23.98% |
| 2014-03-31 | 24.72% |
| 2013-12-31 | 23.07% |
| 2013-09-30 | 27.38% |
| 2013-06-30 | 26.57% |
| 2013-03-31 | 23.38% |
| 2012-12-31 | 21.51% |
| 2012-09-30 | 25.34% |
| 2012-06-30 | 25.21% |
| 2012-03-31 | 22.55% |
| 2011-12-31 | 16.50% |
| 2011-09-30 | 23.81% |
| 2011-06-30 | 21.68% |
| 2011-03-31 | 22.76% |
| 2010-12-31 | 21.26% |
| 2010-09-30 | 24.07% |
| 2010-06-30 | 28.57% |
| 2010-03-31 | 24.26% |
| 2009-12-31 | 24.49% |
| 2009-09-30 | 25.53% |
| 2009-06-30 | 41.46% |
| 2009-03-31 | 24.26% |
| 2008-12-31 | 43.52% |
| 2008-09-30 | -19.24% |
| 2008-06-30 | 29.85% |
| 2008-03-31 | 37.13% |
| 2007-12-31 | 11.65% |
| 2007-09-30 | 21.80% |
| 2007-06-30 | 23.14% |
| 2007-03-31 | 22.39% |
| 2006-12-31 | 20.31% |
| 2006-09-30 | 22.42% |
| 2006-06-30 | 24.79% |
| 2006-03-31 | 24.32% |
| 2005-12-31 | 23.11% |
| 2005-09-30 | 24.78% |
| 2005-06-30 | 25.61% |
| 2005-03-31 | 26.71% |
| 2004-12-31 | 25.99% |
| 2004-09-30 | 24.55% |
| 2004-06-30 | 27.94% |
| 2004-03-31 | 28.27% |
| 2003-12-31 | 30.42% |
| 2003-09-30 | 26.83% |
| 2003-06-30 | 17.59% |
| 2003-03-31 | 22.50% |
| 2002-12-31 | 21.40% |
| 2002-09-30 | 21.10% |
