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 17.19% is in line with its 5-year average of 17.74%, around the middle of its 5-year range (14.87%–21.78%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.81% above its 12-month average of 16.89%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
17.19%
OPERATING MARGIN AVG TTM
16.89%
OPERATING MARGIN AVG 3Y
17.53%
OPERATING MARGIN AVG 5Y
17.54%
OPERATING MARGIN AVG 10Y
17.34%
OPERATING MARGIN AVG 15Y
15.77%
OPERATING MARGIN AVG 20Y
14.98%
CURRENT VS TTM AVG
+1.81%
CURRENT VS 3Y AVG
-1.92%
CURRENT VS 5Y AVG
-1.95%
CURRENT VS 10Y AVG
-0.83%
CURRENT VS 15Y AVG
+9.02%
CURRENT VS 20Y AVG
+14.78%
SECTOR MEDIAN · FINANCIAL SERVICES
23.30%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-26.21%
vs the sector median at left
Raymond James Financial, Inc.
Market Cap
$34.68B
Operating Margin
17.19%
TTM Avg
16.89%
3Y Avg
17.53%
5Y Avg
17.54%
Market Cap
$34.62B
Operating Margin
27.38%
TTM Avg
25.31%
3Y Avg
22.05%
5Y Avg
20.79%
Market Cap
$35.56B
Operating Margin
20.36%
TTM Avg
20.81%
3Y Avg
24.63%
5Y Avg
23.87%
Market Cap
$33.73B
Operating Margin
19.83%
TTM Avg
16.52%
3Y Avg
16.98%
5Y Avg
20.79%
Market Cap
$36.51B
Operating Margin
33.19%
TTM Avg
27.34%
3Y Avg
28.64%
5Y Avg
30.53%
Market Cap
$31.40B
Operating Margin
22.23%
TTM Avg
14.66%
3Y Avg
14.25%
5Y Avg
15.24%
Market Cap
$31.12B
Operating Margin
23.64%
TTM Avg
18.09%
3Y Avg
20.53%
5Y Avg
23.61%
Market Cap
$39.37B
Operating Margin
15.21%
TTM Avg
15.71%
3Y Avg
13.62%
5Y Avg
13.05%
Market Cap
$39.55B
Operating Margin
19.99%
TTM Avg
27.57%
3Y Avg
-8.73%
5Y Avg
6.06%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Raymond James Financial, Inc. (RJF) | $34.68B | 17.19% | 16.89% | 17.53% | 17.54% |
| Arch Capital Group Ltd. (ACGL)vs › | $34.62B | 27.38% | 25.31% | 22.05% | 20.79% |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.56B | 20.36% | 20.81% | 24.63% | 23.87% |
| Northern Trust Corporation (NTRS)vs › | $33.73B | 19.83% | 16.52% | 16.98% | 20.79% |
| M&T Bank Corporation (MTB)vs › | $36.51B | 33.19% | 27.34% | 28.64% | 30.53% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $31.40B | 22.23% | 14.66% | 14.25% | 15.24% |
| Citizens Financial Group, Inc. (CFG)vs › | $31.12B | 23.64% | 18.09% | 20.53% | 23.61% |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.37B | 15.21% | 15.71% | 13.62% | 13.05% |
| Coinbase Global, Inc. (COIN)vs › | $39.55B | 19.99% | 27.57% | -8.73% | 6.06% |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.80B | 35.18% | 29.47% | 24.84% | 23.62% |
Gross Margin
83.5%
Operating Margin
17.2%
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 | 17.19% |
| 2026-03-31 | 17.25% |
| 2025-12-31 | 17.43% |
| 2025-09-30 | 17.70% |
| 2025-06-30 | 14.87% |
| 2025-03-31 | 17.70% |
| 2024-12-31 | 18.81% |
| 2024-09-30 | 19.23% |
| 2024-06-30 | 17.34% |
| 2024-03-31 | 16.94% |
| 2023-12-31 | 18.10% |
| 2023-09-30 | 16.84% |
| 2023-06-30 | 14.94% |
| 2023-03-31 | 17.85% |
| 2022-12-31 | 21.78% |
| 2022-09-30 | 20.78% |
| 2022-06-30 | 15.15% |
| 2022-03-31 | 16.21% |
| 2021-12-31 | 20.07% |
| 2021-09-30 | 20.79% |
| 2021-06-30 | 15.54% |
| 2021-03-31 | 18.80% |
| 2020-12-31 | 17.88% |
| 2020-09-30 | 12.22% |
| 2020-06-30 | 10.69% |
| 2020-03-31 | 11.46% |
| 2019-12-31 | 17.65% |
| 2019-09-30 | 17.95% |
| 2019-06-30 | 17.31% |
| 2019-03-31 | 18.15% |
| 2018-12-31 | 16.77% |
| 2018-09-30 | 17.75% |
| 2018-06-30 | 17.02% |
| 2018-03-31 | 18.10% |
| 2017-12-31 | 17.83% |
| 2017-09-30 | 16.61% |
| 2017-06-30 | 16.86% |
| 2017-03-31 | 10.19% |
| 2016-12-31 | 13.75% |
| 2016-09-30 | 15.96% |
| 2016-06-30 | 15.04% |
| 2016-03-31 | 14.75% |
| 2015-12-31 | 13.33% |
| 2015-09-30 | 14.99% |
| 2015-06-30 | 15.21% |
| 2015-03-31 | 13.68% |
| 2014-12-31 | 15.81% |
| 2014-09-30 | 15.96% |
| 2014-06-30 | 14.68% |
| 2014-03-31 | 12.96% |
| 2013-12-31 | 15.06% |
| 2013-09-30 | 14.02% |
| 2013-06-30 | 11.53% |
| 2013-03-31 | 13.85% |
| 2012-12-31 | 13.15% |
| 2012-09-30 | 10.73% |
| 2012-06-30 | 12.58% |
| 2012-03-31 | 12.35% |
| 2011-12-31 | 13.33% |
| 2011-09-30 | 14.22% |
| 2011-06-30 | 9.34% |
| 2011-03-31 | 14.33% |
| 2010-12-31 | 15.26% |
| 2010-09-30 | 13.03% |
| 2010-06-30 | 12.49% |
| 2010-03-31 | 12.56% |
| 2009-12-31 | 9.55% |
| 2009-09-30 | 9.13% |
| 2009-06-30 | 12.04% |
| 2009-03-31 | 1.05% |
| 2008-12-31 | 13.89% |
| 2008-09-30 | 10.94% |
| 2008-06-30 | 14.23% |
| 2008-03-31 | 12.12% |
| 2007-12-31 | 10.95% |
| 2007-09-30 | 11.40% |
| 2007-06-30 | 13.36% |
| 2007-03-31 | 12.59% |
| 2006-12-31 | 13.21% |
| 2006-09-30 | 11.68% |
| 2006-06-30 | 13.57% |
| 2006-03-31 | 14.51% |
| 2005-12-31 | 12.40% |
| 2005-09-30 | 12.39% |
| 2005-06-24 | 9.78% |
| 2005-03-24 | 11.35% |
| 2004-12-31 | 12.36% |
| 2004-09-30 | 10.94% |
| 2004-06-25 | 10.57% |
| 2004-03-26 | 13.62% |
| 2003-12-26 | 9.17% |
| 2003-09-30 | 12.72% |
| 2003-06-27 | 9.79% |
| 2003-03-28 | 6.92% |
| 2002-12-27 | 6.78% |
| 2002-09-30 | 9.80% |
