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 34.05% is in line with its 5-year average of 34.05%, around the middle of its 5-year range (8.72%–49.58%).
1.58% above its 12-month average of 33.52%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 39.57%.
OPERATING MARGIN
34.05%
OPERATING MARGIN AVG TTM
33.52%
OPERATING MARGIN AVG 3Y
30.52%
OPERATING MARGIN AVG 5Y
34.05%
OPERATING MARGIN AVG 10Y
36.10%
OPERATING MARGIN AVG 15Y
35.25%
OPERATING MARGIN AVG 20Y
33.02%
CURRENT VS TTM AVG
+1.58%
CURRENT VS 3Y AVG
+11.58%
CURRENT VS 5Y AVG
-0.01%
CURRENT VS 10Y AVG
-5.68%
CURRENT VS 15Y AVG
-3.41%
CURRENT VS 20Y AVG
+3.13%
SECTOR MEDIAN · FINANCIAL SERVICES
16.09%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
+111.62%
vs the sector median at left
Stock Yards Bancorp, Inc.
Market Cap
$2.28B
Operating Margin
34.05%
TTM Avg
33.52%
3Y Avg
30.52%
5Y Avg
34.05%
Market Cap
$2.28B
Operating Margin
29.45%
TTM Avg
27.38%
3Y Avg
30.71%
5Y Avg
30.72%
Market Cap
$2.28B
Operating Margin
21.15%
TTM Avg
24.27%
3Y Avg
31.54%
5Y Avg
42.14%
Market Cap
$2.29B
Operating Margin
4.80%
TTM Avg
-6.96%
3Y Avg
-17.63%
5Y Avg
-8.70%
Market Cap
$2.26B
Operating Margin
14.68%
TTM Avg
14.31%
3Y Avg
12.19%
5Y Avg
6.11%
Market Cap
$2.25B
Operating Margin
15.52%
TTM Avg
8.64%
3Y Avg
12.84%
5Y Avg
15.04%
Market Cap
$2.21B
Operating Margin
18.81%
TTM Avg
18.81%
3Y Avg
18.81%
5Y Avg
18.81%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Stock Yards Bancorp, Inc. (SYBT) | $2.28B | 34.05% | 33.52% | 30.52% | 34.05% |
| Banner Corporation (BANR)vs › | $2.28B | 29.45% | 27.38% | 30.71% | 30.72% |
| Merchants Bancorp (MBIN)vs › | $2.28B | 21.15% | 24.27% | 31.54% | 42.14% |
| Upstart Holdings, Inc. (UPST)vs › | $2.29B | 4.80% | -6.96% | -17.63% | -8.70% |
| Skyward Specialty Insurance Group, Inc. (SKWD)vs › | $2.26B | 14.68% | 14.31% | 12.19% | 6.11% |
| Brighthouse Financial, Inc. (BHFAP)vs › | $2.25B | 15.52% | 8.64% | 12.84% | 15.04% |
| Ethos Technologies Inc. (LIFE)vs › | $2.21B | 18.81% | 18.81% | 18.81% | 18.81% |
| WaFd, Inc. (WAFD)vs › | $2.21B | 23.63% | 19.20% | 27.25% | 29.28% |
| eToro Group Ltd. (ETOR)vs › | $2.21B | 3.75% | 2.06% | 0.59% | -1.21% |
| Northwest Bancshares, Inc. (NWBI)vs › | $2.19B | 15.93% | 17.98% | 23.03% | 24.37% |
Operating Margin
34.0%
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 | 39.57% |
| 2026-03-31 | 32.44% |
| 2025-12-31 | 32.76% |
| 2025-09-30 | 32.02% |
| 2025-06-30 | 30.82% |
| 2025-03-31 | 31.45% |
| 2024-12-31 | 29.65% |
| 2024-09-30 | 28.79% |
| 2024-06-30 | 28.88% |
| 2024-03-31 | 27.91% |
| 2023-12-31 | 25.73% |
| 2023-09-30 | 31.61% |
| 2023-06-30 | 34.12% |
| 2023-03-31 | 37.14% |
| 2022-12-31 | 40.91% |
| 2022-09-30 | 42.80% |
| 2022-06-30 | 43.39% |
| 2022-03-31 | 13.83% |
| 2021-12-31 | 49.58% |
| 2021-09-30 | 47.66% |
| 2021-06-30 | 8.72% |
| 2021-03-31 | 53.50% |
| 2020-12-31 | 39.78% |
| 2020-09-30 | 33.22% |
| 2020-06-30 | 32.39% |
| 2020-03-31 | 31.75% |
| 2019-12-31 | 37.08% |
| 2019-09-30 | 41.57% |
| 2019-06-30 | 36.17% |
| 2019-03-31 | 38.44% |
| 2018-12-31 | 36.63% |
| 2018-09-30 | 39.74% |
| 2018-06-30 | 39.05% |
| 2018-03-31 | 41.05% |
| 2017-12-31 | 25.81% |
| 2017-09-30 | 40.45% |
| 2017-06-30 | 38.81% |
| 2017-03-31 | 37.38% |
| 2016-12-31 | 38.39% |
| 2016-09-30 | 38.47% |
| 2016-06-30 | 38.36% |
| 2016-03-31 | 38.84% |
| 2015-12-31 | 40.52% |
| 2015-09-30 | 40.99% |
| 2015-06-30 | 39.59% |
| 2015-03-31 | 41.54% |
| 2014-12-31 | 37.04% |
| 2014-09-30 | 44.89% |
| 2014-06-30 | 36.35% |
| 2014-03-31 | 37.58% |
| 2013-12-31 | 27.86% |
| 2013-09-30 | 34.26% |
| 2013-06-30 | 29.26% |
| 2013-03-31 | 32.52% |
| 2012-12-31 | 28.55% |
| 2012-09-30 | 28.81% |
| 2012-06-30 | 28.06% |
| 2012-03-31 | 28.93% |
| 2011-12-31 | 24.09% |
| 2011-09-30 | 27.98% |
| 2011-06-30 | 28.39% |
| 2011-03-31 | 26.26% |
| 2010-12-31 | 26.12% |
| 2010-09-30 | 29.30% |
| 2010-06-30 | 26.23% |
| 2010-03-31 | 25.29% |
| 2009-12-31 | 13.57% |
| 2009-09-30 | 21.80% |
| 2009-06-30 | 21.31% |
| 2009-03-31 | 25.02% |
| 2008-12-31 | 26.28% |
| 2008-09-30 | 28.48% |
| 2008-06-30 | 30.12% |
| 2008-03-31 | 25.47% |
| 2007-12-31 | 24.36% |
| 2007-09-30 | 28.50% |
| 2007-06-30 | 30.65% |
| 2007-03-31 | 28.28% |
| 2006-12-31 | 29.74% |
| 2006-09-30 | 28.49% |
| 2006-06-30 | 30.91% |
| 2006-03-31 | 28.48% |
| 2005-12-31 | 30.28% |
| 2005-09-30 | 33.91% |
| 2005-06-30 | 32.46% |
| 2005-03-31 | 30.17% |
| 2004-12-31 | 32.33% |
| 2004-09-30 | 34.09% |
| 2004-06-30 | 31.71% |
| 2004-03-31 | 31.93% |
| 2003-12-31 | 29.84% |
| 2003-09-30 | 33.86% |
| 2003-06-30 | 28.13% |
| 2003-03-31 | 29.25% |
| 2002-12-31 | 27.25% |
| 2002-09-30 | 27.93% |
