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 43.88% is 15% above its 5-year average of 38.06%, near the high end of its 5-year range (31.24%–46.50%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.05% above its 12-month average of 43.00%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
43.88%
OPERATING MARGIN AVG TTM
43.00%
OPERATING MARGIN AVG 3Y
39.97%
OPERATING MARGIN AVG 5Y
38.06%
OPERATING MARGIN AVG 10Y
N/A
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+2.05%
CURRENT VS 3Y AVG
+9.79%
CURRENT VS 5Y AVG
+15.28%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
23.18%
median of 101 covered companies
CURRENT VS SECTOR MEDIAN
+89.30%
vs the sector median at left
Tradeweb Markets Inc.
Market Cap
$23.01B
Operating Margin
43.88%
TTM Avg
43.00%
3Y Avg
39.97%
5Y Avg
38.06%
Market Cap
$23.02B
Operating Margin
11.85%
TTM Avg
20.86%
3Y Avg
21.67%
5Y Avg
20.60%
Market Cap
$23.89B
Operating Margin
28.47%
TTM Avg
28.76%
3Y Avg
28.02%
5Y Avg
27.63%
Market Cap
$24.02B
Operating Margin
12.13%
TTM Avg
10.39%
3Y Avg
15.08%
5Y Avg
14.18%
Market Cap
$24.08B
Operating Margin
30.27%
TTM Avg
31.41%
3Y Avg
32.53%
5Y Avg
37.12%
Market Cap
$24.60B
Operating Margin
13.22%
TTM Avg
8.66%
3Y Avg
-2.78%
5Y Avg
-16.52%
Market Cap
$25.19B
Operating Margin
-3.32%
TTM Avg
3.33%
3Y Avg
5.07%
5Y Avg
-46.87%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tradeweb Markets Inc. (TW) | $23.01B | 43.88% | 43.00% | 39.97% | 38.06% |
| Global Payments Inc. (GPN)vs › | $23.02B | 11.85% | 20.86% | 21.67% | 20.60% |
| Loews Corporation (L)vs › | $22.60B | 16.58% | 11.71% | 11.02% | 8.19% |
| KeyCorp (KEY)vs › | $23.77B | 18.05% | 8.61% | 14.51% | 20.70% |
| Brown & Brown, Inc. (BRO)vs › | $23.89B | 28.47% | 28.76% | 28.02% | 27.63% |
| Principal Financial Group, Inc. (PFG)vs › | $24.02B | 12.13% | 10.39% | 15.08% | 14.18% |
| T. Rowe Price Group, Inc. (TROW)vs › | $24.08B | 30.27% | 31.41% | 32.53% | 37.12% |
| SoFi Technologies, Inc. (SOFI)vs › | $24.60B | 13.22% | 8.66% | -2.78% | -16.52% |
| Circle Internet Group (CRCL)vs › | $25.19B | -3.32% | 3.33% | 5.07% | -46.87% |
| W. R. Berkley Corporation (WRB)vs › | $25.44B | 13.69% | 16.23% | 15.58% | 14.10% |
Gross Margin
68.1%
Operating Margin
43.9%
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 | 43.88% |
| 2026-03-31 | 46.50% |
| 2025-12-31 | 44.28% |
| 2025-09-30 | 41.36% |
| 2025-06-30 | 38.96% |
| 2025-03-31 | 40.05% |
| 2024-12-31 | 40.69% |
| 2024-09-30 | 35.49% |
| 2024-06-30 | 40.13% |
| 2024-03-31 | 41.02% |
| 2023-12-31 | 38.28% |
| 2023-09-30 | 37.99% |
| 2023-06-30 | 37.45% |
| 2023-03-31 | 37.23% |
| 2022-12-31 | 31.24% |
| 2022-09-30 | 35.81% |
| 2022-06-30 | 35.88% |
| 2022-03-31 | 35.83% |
| 2021-12-31 | 32.93% |
| 2021-09-30 | 32.24% |
| 2021-06-30 | 32.12% |
| 2021-03-31 | 35.96% |
| 2020-12-31 | 30.71% |
| 2020-09-30 | 27.49% |
| 2020-06-30 | 26.23% |
| 2020-03-31 | 33.08% |
| 2019-12-31 | 27.54% |
| 2019-09-30 | 28.99% |
| 2019-06-30 | 16.25% |
| 2019-03-31 | 24.77% |
| 2018-12-31 | 17.88% |
| 2018-09-30 | 31.48% |
| 2018-06-30 | 26.47% |
| 2018-03-31 | 29.70% |
| 2017-12-31 | 27.06% |
