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 28.56% is in line with its 5-year average of 26.61%, around the middle of its 5-year range (15.03%–50.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.34% above its 12-month average of 27.11%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
28.56%
OPERATING MARGIN AVG TTM
27.11%
OPERATING MARGIN AVG 3Y
28.24%
OPERATING MARGIN AVG 5Y
26.61%
OPERATING MARGIN AVG 10Y
22.52%
OPERATING MARGIN AVG 15Y
20.59%
OPERATING MARGIN AVG 20Y
19.01%
CURRENT VS TTM AVG
+5.34%
CURRENT VS 3Y AVG
+1.12%
CURRENT VS 5Y AVG
+7.31%
CURRENT VS 10Y AVG
+26.83%
CURRENT VS 15Y AVG
+38.67%
CURRENT VS 20Y AVG
+50.23%
SECTOR MEDIAN · INDUSTRIALS
12.01%
median of 151 covered companies
CURRENT VS SECTOR MEDIAN
+137.78%
vs the sector median at left
Thomson Reuters Corporation
Market Cap
$46.37B
Operating Margin
28.56%
TTM Avg
27.11%
3Y Avg
28.24%
5Y Avg
26.61%
Market Cap
$46.89B
Operating Margin
24.04%
TTM Avg
22.17%
3Y Avg
22.07%
5Y Avg
21.76%
Market Cap
$47.94B
Operating Margin
21.69%
TTM Avg
16.18%
3Y Avg
17.07%
5Y Avg
15.99%
Market Cap
$48.16B
Operating Margin
24.04%
TTM Avg
22.17%
3Y Avg
22.07%
5Y Avg
21.76%
Market Cap
$48.42B
Operating Margin
2.61%
TTM Avg
0.29%
3Y Avg
4.66%
5Y Avg
-0.46%
Market Cap
$48.46B
Operating Margin
7.05%
TTM Avg
9.05%
3Y Avg
10.00%
5Y Avg
11.75%
Market Cap
$48.94B
Operating Margin
10.04%
TTM Avg
9.64%
3Y Avg
9.52%
5Y Avg
10.34%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thomson Reuters Corporation (TRI) | $46.37B | 28.56% | 27.11% | 28.24% | 26.61% |
| HEICO Corporation (HEI)vs › | $46.89B | 24.04% | 22.17% | 22.07% | 21.76% |
| Paychex, Inc. (PAYX)vs › | $45.19B | 38.55% | 39.08% | 39.99% | 39.31% |
| Rockwell Automation, Inc. (ROK)vs › | $47.94B | 21.69% | 16.18% | 17.07% | 15.99% |
| HEICO Corporation (HEI-A)vs › | $48.16B | 24.04% | 22.17% | 22.07% | 21.76% |
| Axon Enterprise, Inc. (AXON)vs › | $48.42B | 2.61% | 0.29% | 4.66% | -0.46% |
| Ferguson plc (FERG)vs › | $44.31B | 9.01% | 9.34% | 9.14% | 9.16% |
| Carrier Global Corporation (CARR)vs › | $48.46B | 7.05% | 9.05% | 10.00% | 11.75% |
| L3Harris Technologies, Inc. (LHX)vs › | $48.94B | 10.04% | 9.64% | 9.52% | 10.34% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.36B | 16.54% | 16.11% | 14.35% | 13.08% |
Gross Margin
75.8%
Operating Margin
28.6%
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 | 28.56% |
| 2026-03-31 | 30.47% |
| 2025-12-31 | 18.82% |
| 2025-09-30 | 33.28% |
| 2025-06-30 | 24.43% |
| 2025-03-31 | 29.63% |
| 2024-12-31 | 37.82% |
| 2024-09-30 | 24.07% |
| 2024-06-30 | 23.85% |
| 2024-03-31 | 29.55% |
| 2023-12-31 | 30.74% |
| 2023-09-30 | 27.67% |
| 2023-06-30 | 50.09% |
| 2023-03-31 | 29.23% |
| 2022-12-31 | 35.75% |
| 2022-09-30 | 25.29% |
| 2022-06-30 | 24.23% |
| 2022-03-31 | 24.73% |
| 2021-12-31 | 15.03% |
| 2021-09-30 | 18.48% |
| 2021-06-30 | 20.63% |
| 2021-03-31 | 24.49% |
| 2020-12-31 | 59.16% |
| 2020-09-30 | 22.04% |
| 2020-06-30 | 25.98% |
| 2020-03-31 | 19.08% |
| 2019-12-31 | 13.64% |
| 2019-09-30 | 18.54% |
| 2019-06-30 | 31.41% |
| 2019-03-31 | 18.43% |
| 2018-12-31 | 9.61% |
| 2018-09-30 | 13.47% |
| 2018-06-30 | 15.56% |
| 2018-03-31 | 19.43% |
| 2017-12-31 | 15.12% |
| 2017-09-30 | 22.64% |
| 2017-06-30 | 17.03% |
| 2017-03-31 | 20.59% |
| 2016-12-31 | 10.28% |
| 2016-09-30 | 14.03% |
| 2016-06-30 | 14.48% |
| 2016-03-31 | 11.10% |
| 2015-12-31 | 15.98% |
| 2015-09-30 | 14.05% |
| 2015-06-30 | 12.31% |
| 2015-03-31 | 12.83% |
| 2014-12-31 | 41.70% |
| 2014-09-30 | 15.00% |
| 2014-06-30 | 12.06% |
| 2014-03-31 | 11.47% |
| 2013-12-31 | 6.50% |
| 2013-09-30 | 10.24% |
| 2013-06-30 | 18.87% |
| 2013-03-31 | 12.28% |
| 2012-12-31 | 16.39% |
| 2012-09-30 | 11.69% |
| 2012-06-30 | 39.64% |
| 2012-03-31 | 10.98% |
| 2011-12-31 | -72.49% |
| 2011-09-30 | 19.08% |
| 2011-06-30 | 24.17% |
| 2011-03-31 | 11.89% |
| 2010-12-31 | 8.88% |
| 2010-09-30 | 10.93% |
| 2010-06-30 | 13.53% |
| 2010-03-31 | 10.22% |
| 2009-12-31 | 10.31% |
| 2009-09-30 | 11.75% |
| 2009-06-30 | 14.42% |
| 2009-03-31 | 12.01% |
| 2008-12-31 | 20.19% |
| 2008-09-30 | 16.56% |
| 2008-06-30 | 8.11% |
| 2008-03-31 | 11.78% |
| 2007-12-31 | 20.02% |
| 2007-09-30 | 17.26% |
| 2007-06-30 | 19.50% |
| 2007-03-31 | 13.54% |
| 2006-12-31 | 124.76% |
| 2006-09-30 | 19.36% |
| 2006-06-30 | 18.91% |
| 2006-03-31 | 13.87% |
| 2005-12-31 | 22.96% |
| 2005-09-30 | 22.40% |
| 2005-06-30 | 13.48% |
| 2005-03-31 | 6.66% |
| 2004-12-31 | 21.27% |
| 2004-09-30 | 22.13% |
| 2004-06-30 | 13.77% |
| 2004-03-31 | 5.77% |
| 2003-12-31 | 22.63% |
| 2003-09-30 | 21.53% |
| 2003-06-30 | 12.08% |
| 2003-03-31 | 2.59% |
| 2002-12-31 | 25.30% |
| 2002-09-30 | 19.62% |
