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 32.02% is in line with its 5-year average of 29.26%, around the middle of its 5-year range (-17.78%–66.76%).
15.79% above its 12-month average of 27.65%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 12.00%.
OPERATING MARGIN
32.02%
OPERATING MARGIN AVG TTM
27.65%
OPERATING MARGIN AVG 3Y
28.29%
OPERATING MARGIN AVG 5Y
29.26%
OPERATING MARGIN AVG 10Y
32.95%
OPERATING MARGIN AVG 15Y
34.21%
OPERATING MARGIN AVG 20Y
28.04%
CURRENT VS TTM AVG
+15.79%
CURRENT VS 3Y AVG
+13.19%
CURRENT VS 5Y AVG
+9.42%
CURRENT VS 10Y AVG
-2.82%
CURRENT VS 15Y AVG
-6.42%
CURRENT VS 20Y AVG
+14.18%
SECTOR MEDIAN · FINANCIAL SERVICES
16.09%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
+99.01%
vs the sector median at left
SLM Corporation
Market Cap
$6.65B
Operating Margin
32.02%
TTM Avg
27.65%
3Y Avg
28.29%
5Y Avg
29.26%
Market Cap
$6.61B
Operating Margin
78.88%
TTM Avg
80.75%
3Y Avg
90.27%
5Y Avg
92.97%
Market Cap
$6.46B
Operating Margin
69.17%
TTM Avg
71.42%
3Y Avg
74.68%
5Y Avg
67.24%
Market Cap
$6.36B
Operating Margin
34.01%
TTM Avg
30.55%
3Y Avg
33.24%
5Y Avg
34.71%
Market Cap
$7.03B
Operating Margin
14.48%
TTM Avg
16.79%
3Y Avg
22.39%
5Y Avg
27.74%
Market Cap
$7.13B
Operating Margin
47.46%
TTM Avg
45.17%
3Y Avg
44.26%
5Y Avg
43.27%
Market Cap
$7.26B
Operating Margin
-61.79%
TTM Avg
-10.50%
3Y Avg
-60.32%
5Y Avg
-63.99%
Market Cap
$7.35B
Operating Margin
23.53%
TTM Avg
21.42%
3Y Avg
15.78%
5Y Avg
15.62%
Market Cap
$5.93B
Operating Margin
28.20%
TTM Avg
29.51%
3Y Avg
32.48%
5Y Avg
27.19%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SLM Corporation (SLMBP) | $6.65B | 32.02% | 27.65% | 28.29% | 29.26% |
| PIMCO Dynamic Income Fund (PDI)vs › | $6.61B | 78.88% | 80.75% | 90.27% | 92.97% |
| Enact Holdings Inc. (ACT)vs › | $6.46B | 69.17% | 71.42% | 74.68% | 67.24% |
| United Bankshares, Inc. (UBSI)vs › | $6.36B | 34.01% | 30.55% | 33.24% | 34.71% |
| Valley National Bancorp (VLY)vs › | $7.03B | 14.48% | 16.79% | 22.39% | 27.74% |
| Victory Capital Holdings, Inc. (VCTR)vs › | $7.13B | 47.46% | 45.17% | 44.26% | 43.27% |
| Riot Platforms, Inc. (RIOT)vs › | $7.26B | -61.79% | -10.50% | -60.32% | -63.99% |
| Morningstar, Inc. (MORN)vs › | $7.35B | 23.53% | 21.42% | 15.78% | 15.62% |
| Hancock Whitney Corporation (HWC)vs › | $5.93B | 28.20% | 29.51% | 32.48% | 27.19% |
| TeraWulf Inc. (WULF)vs › | $7.44B | -101.10% | -77.76% | -122.25% | -83.27% |
Operating Margin
32.0%
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 | 12.00% |
| 2026-03-31 | 48.01% |
| 2025-12-31 | 43.06% |
| 2025-09-30 | 22.38% |
| 2025-06-30 | 12.82% |
| 2025-03-31 | 46.76% |
| 2024-12-31 | 19.18% |
| 2024-09-30 | -8.80% |
| 2024-06-30 | 43.22% |
| 2024-03-31 | 46.25% |
| 2023-12-31 | 31.05% |
| 2023-09-30 | 6.00% |
| 2023-06-30 | 45.83% |
| 2023-03-31 | 23.64% |
| 2022-12-31 | -17.78% |
| 2022-09-30 | 17.03% |
| 2022-06-30 | 63.27% |
| 2022-03-31 | 34.12% |
| 2021-12-31 | 66.76% |
| 2021-09-30 | 19.99% |
| 2021-06-30 | 39.70% |
| 2021-03-31 | 99.43% |
| 2020-12-31 | 116.55% |
| 2020-09-30 | 45.98% |
| 2020-06-30 | -23.07% |
| 2020-03-31 | 55.78% |
| 2019-12-31 | 29.50% |
| 2019-09-30 | 27.84% |
| 2019-06-30 | 31.04% |
| 2019-03-31 | 36.82% |
| 2018-12-31 | 34.85% |
| 2018-09-30 | 12.19% |
| 2018-06-30 | 31.91% |
| 2018-03-31 | 37.10% |
| 2017-12-31 | 29.99% |
| 2017-09-30 | 31.42% |
| 2017-06-30 | 33.03% |
| 2017-03-31 | 43.51% |
| 2016-12-31 | 36.64% |
| 2016-09-30 | 35.37% |
| 2016-06-30 | 33.85% |
| 2016-03-31 | 38.79% |
| 2015-12-31 | 49.17% |
| 2015-09-30 | 29.12% |
| 2015-06-30 | 52.52% |
| 2015-03-31 | 37.35% |
| 2014-12-31 | 23.14% |
| 2014-09-30 | 52.17% |
| 2014-06-30 | 45.48% |
| 2014-03-31 | 37.25% |
| 2013-12-31 | 24.20% |
| 2013-09-30 | 41.57% |
| 2013-06-30 | 58.35% |
| 2013-03-31 | 34.41% |
| 2012-12-31 | 30.06% |
| 2012-09-30 | 20.31% |
| 2012-06-30 | 28.96% |
| 2012-03-31 | 13.00% |
| 2011-12-31 | 40.47% |
| 2011-09-30 | -9.86% |
| 2011-06-30 | -2.39% |
| 2011-03-31 | 18.57% |
| 2010-12-31 | 41.04% |
| 2010-09-30 | -45.62% |
| 2010-06-30 | 29.68% |
| 2010-03-31 | 25.08% |
| 2009-12-31 | 39.07% |
| 2009-09-30 | 15.81% |
| 2009-06-30 | -12.73% |
| 2009-03-31 | 1.23% |
| 2008-12-31 | -20.95% |
| 2008-09-30 | -15.43% |
| 2008-06-30 | 18.09% |
| 2008-03-31 | -8.47% |
| 2007-12-31 | -135.40% |
| 2007-09-30 | -12.24% |
| 2007-06-30 | 32.30% |
| 2007-03-31 | 17.28% |
| 2006-12-31 | 6.89% |
| 2006-09-30 | 20.74% |
| 2006-06-30 | 41.02% |
| 2006-03-31 | 16.34% |
| 2005-12-31 | 31.88% |
| 2005-09-30 | 33.96% |
| 2005-06-30 | 31.41% |
| 2005-03-31 | 31.89% |
| 2004-12-31 | 45.88% |
| 2004-09-30 | 39.44% |
| 2004-06-30 | 64.13% |
| 2004-03-31 | 41.61% |
| 2003-12-31 | 41.52% |
| 2003-09-30 | 54.71% |
| 2003-06-30 | 54.26% |
| 2003-03-31 | 57.99% |
| 2002-12-31 | 40.87% |
| 2002-09-30 | -26.17% |
