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 21.33% is 68% above its 5-year average of 12.68%, near the high end of its 5-year range (-0.48%–24.96%).
5.86% above its 12-month average of 20.15%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 23.70%.
OPERATING MARGIN
21.33%
OPERATING MARGIN AVG TTM
20.15%
OPERATING MARGIN AVG 3Y
13.83%
OPERATING MARGIN AVG 5Y
12.68%
OPERATING MARGIN AVG 10Y
11.36%
OPERATING MARGIN AVG 15Y
12.98%
OPERATING MARGIN AVG 20Y
14.54%
CURRENT VS TTM AVG
+5.86%
CURRENT VS 3Y AVG
+54.18%
CURRENT VS 5Y AVG
+68.27%
CURRENT VS 10Y AVG
+87.76%
CURRENT VS 15Y AVG
+64.27%
CURRENT VS 20Y AVG
+46.67%
SECTOR MEDIAN · FINANCIAL SERVICES
23.64%
median of 103 covered companies
CURRENT VS SECTOR MEDIAN
-9.77%
vs the sector median at left
The Travelers Companies, Inc.
Market Cap
$78.85B
Operating Margin
21.33%
TTM Avg
20.15%
3Y Avg
13.83%
5Y Avg
12.68%
Market Cap
$80.37B
Operating Margin
45.10%
TTM Avg
43.34%
3Y Avg
40.19%
5Y Avg
42.01%
Market Cap
$83.00B
Operating Margin
28.56%
TTM Avg
24.76%
3Y Avg
19.95%
5Y Avg
18.38%
Market Cap
$83.51B
Operating Margin
21.62%
TTM Avg
23.42%
3Y Avg
22.68%
5Y Avg
21.71%
Market Cap
$73.01B
Operating Margin
24.13%
TTM Avg
28.77%
3Y Avg
9.12%
5Y Avg
18.04%
Market Cap
$72.29B
Operating Margin
60.60%
TTM Avg
67.62%
3Y Avg
71.63%
5Y Avg
69.74%
Market Cap
$85.96B
Operating Margin
44.92%
TTM Avg
37.69%
3Y Avg
37.61%
5Y Avg
37.47%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Travelers Companies, Inc. (TRV) | $78.85B | 21.33% | 20.15% | 13.83% | 12.68% |
| iShares Russell 2000 ETF (IWM)vs › | $78.91B | N/A | N/A | N/A | N/A |
| Moody's Corporation (MCO)vs › | $80.37B | 45.10% | 43.34% | 40.19% | 42.01% |
| Brookfield Corporation (BN)vs › | $83.00B | 28.56% | 24.76% | 19.95% | 18.38% |
| Marsh & McLennan Companies, Inc. (MRSH)vs › | $83.51B | 21.62% | 23.42% | 22.68% | 21.71% |
| Apollo Global Management, Inc. (APO)vs › | $73.01B | 24.13% | 28.77% | 9.12% | 18.04% |
| Brookfield Asset Management Ltd. (BAM)vs › | $72.29B | 60.60% | 67.62% | 71.63% | 69.74% |
| Intercontinental Exchange, Inc. (ICE)vs › | $85.96B | 44.92% | 37.69% | 37.61% | 37.47% |
| VanEck Semiconductor ETF (SMH)vs › | $70.54B | N/A | N/A | N/A | N/A |
| KKR & Co. Inc. (KKR)vs › | $88.93B | 7.84% | 3.42% | 3.89% | 12.83% |
Gross Margin
34.7%
Operating Margin
21.3%
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 | 23.70% |
| 2026-03-31 | 17.77% |
| 2025-12-31 | 24.96% |
| 2025-09-30 | 18.80% |
| 2025-06-30 | 15.52% |
| 2025-03-31 | 3.96% |
| 2024-12-31 | 21.59% |
| 2024-09-30 | 13.10% |
| 2024-06-30 | 5.81% |
| 2024-03-31 | 12.20% |
| 2023-12-31 | 18.46% |
| 2023-09-30 | 4.44% |
| 2023-06-30 | -0.48% |
| 2023-03-31 | 9.56% |
| 2022-12-31 | 10.24% |
| 2022-09-30 | 5.67% |
| 2022-06-30 | 7.19% |
| 2022-03-31 | 13.42% |
| 2021-12-31 | 18.31% |
| 2021-09-30 | 8.93% |
| 2021-06-30 | 13.02% |
| 2021-03-31 | 10.72% |
| 2020-12-31 | 19.24% |
| 2020-09-30 | 11.92% |
| 2020-06-30 | -1.15% |
| 2020-03-31 | 9.10% |
| 2019-12-31 | 13.32% |
| 2019-09-30 | 5.39% |
| 2019-06-30 | 8.49% |
| 2019-03-31 | 12.61% |
| 2018-12-31 | 9.57% |
| 2018-09-30 | 10.44% |
| 2018-06-30 | 8.44% |
| 2018-03-31 | 10.68% |
| 2017-12-31 | 11.54% |
| 2017-09-30 | 4.37% |
| 2017-06-30 | 11.00% |
| 2017-03-31 | 10.95% |
| 2016-12-31 | 18.10% |
| 2016-09-30 | 13.60% |
| 2016-06-30 | 13.07% |
| 2016-03-31 | 13.72% |
| 2015-12-31 | 18.12% |
| 2015-09-30 | 19.23% |
| 2015-06-30 | 16.04% |
| 2015-03-31 | 17.32% |
| 2014-12-31 | 21.52% |
| 2014-09-30 | 18.27% |
| 2014-06-30 | 13.28% |
| 2014-03-31 | 21.91% |
| 2013-12-31 | 20.35% |
| 2013-09-30 | 18.24% |
| 2013-06-30 | 17.64% |
| 2013-03-31 | 19.28% |
| 2012-12-31 | 4.80% |
| 2012-09-30 | 17.97% |
| 2012-06-30 | 9.56% |
| 2012-03-31 | 16.85% |
| 2011-12-31 | 12.21% |
| 2011-09-30 | 5.18% |
| 2011-06-30 | -11.38% |
| 2011-03-31 | 15.43% |
| 2010-12-31 | 18.90% |
| 2010-09-30 | 21.15% |
| 2010-06-30 | 14.26% |
| 2010-03-31 | 14.01% |
| 2009-12-31 | 27.77% |
| 2009-09-30 | 19.76% |
| 2009-06-30 | 15.27% |
| 2009-03-31 | 12.68% |
| 2008-12-31 | 15.97% |
| 2008-09-30 | 3.06% |
| 2008-06-30 | 20.44% |
| 2008-03-31 | 21.08% |
| 2007-12-31 | 22.20% |
| 2007-09-30 | 25.65% |
| 2007-06-30 | 24.97% |
| 2007-03-31 | 22.72% |
| 2006-12-31 | 24.56% |
| 2006-09-30 | 23.02% |
| 2006-06-30 | 21.49% |
| 2006-03-31 | 22.12% |
| 2005-12-31 | 3.19% |
| 2005-09-30 | -0.13% |
| 2005-06-30 | 21.43% |
| 2005-03-31 | 19.46% |
| 2004-12-31 | 5.83% |
| 2004-09-30 | 5.94% |
| 2004-06-30 | -8.93% |
| 2004-03-31 | 19.80% |
| 2003-12-31 | -2.32% |
| 2003-09-30 | 14.98% |
| 2003-06-30 | 16.03% |
| 2003-03-31 | 11.30% |
| 2002-12-31 | 12.38% |
| 2002-09-30 | 4.14% |
