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 24.90% is in line with its 5-year average of 24.36%, around the middle of its 5-year range (9.63%–42.58%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.88% above its 12-month average of 23.52%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
24.90%
OPERATING MARGIN AVG TTM
23.52%
OPERATING MARGIN AVG 3Y
20.68%
OPERATING MARGIN AVG 5Y
24.36%
OPERATING MARGIN AVG 10Y
28.17%
OPERATING MARGIN AVG 15Y
30.73%
OPERATING MARGIN AVG 20Y
29.01%
CURRENT VS TTM AVG
+5.88%
CURRENT VS 3Y AVG
+20.43%
CURRENT VS 5Y AVG
+2.22%
CURRENT VS 10Y AVG
-11.59%
CURRENT VS 15Y AVG
-18.96%
CURRENT VS 20Y AVG
-14.17%
SECTOR MEDIAN · FINANCIAL SERVICES
22.96%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+8.46%
vs the sector median at left
Market Cap
$100.39B
Operating Margin
30.73%
TTM Avg
24.28%
3Y Avg
25.36%
5Y Avg
25.95%
Market Cap
$97.40B
Operating Margin
22.17%
TTM Avg
16.12%
3Y Avg
15.62%
5Y Avg
19.79%
Market Cap
$94.64B
Operating Margin
28.32%
TTM Avg
24.76%
3Y Avg
19.95%
5Y Avg
18.38%
Market Cap
$107.43B
Operating Margin
22.17%
TTM Avg
16.12%
3Y Avg
15.62%
5Y Avg
19.79%
Market Cap
$91.72B
Operating Margin
21.62%
TTM Avg
23.42%
3Y Avg
22.68%
5Y Avg
21.71%
Market Cap
$86.37B
Operating Margin
40.84%
TTM Avg
37.69%
3Y Avg
37.61%
5Y Avg
37.47%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| U.S. Bancorp (USB) | $100.36B | 24.90% | 23.52% | 20.68% | 24.36% |
| The PNC Financial Services Group, Inc. (PNC)vs › | $100.39B | 30.73% | 24.28% | 25.36% | 25.95% |
| The Bank of New York Mellon Corporation (BK)vs › | $97.40B | 22.17% | 16.12% | 15.62% | 19.79% |
| Brookfield Corporation (BN)vs › | $94.64B | 28.32% | 24.76% | 19.95% | 18.38% |
| CME Group Inc. (CME)vs › | $94.21B | 65.10% | 64.50% | 62.66% | 60.18% |
| Bank of New York Mellon Corp (BNY)vs › | $107.43B | 22.17% | 16.12% | 15.62% | 19.79% |
| KKR & Co. Inc. (KKR)vs › | $92.18B | 2.40% | 3.34% | 3.85% | 12.80% |
| Marsh & McLennan Companies, Inc. (MRSH)vs › | $91.72B | 21.62% | 23.42% | 22.68% | 21.71% |
| Intercontinental Exchange, Inc. (ICE)vs › | $86.37B | 40.84% | 37.69% | 37.61% | 37.47% |
| Moody's Corporation (MCO)vs › | $83.86B | 45.10% | 43.34% | 40.19% | 42.01% |
Gross Margin
63.8%
Operating Margin
24.9%
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 | 24.90% |
| 2026-03-31 | 24.83% |
| 2025-12-31 | 23.08% |
| 2025-09-30 | 23.01% |
| 2025-06-30 | 21.78% |
| 2025-03-31 | 20.86% |
| 2024-12-31 | 19.77% |
| 2024-09-30 | 19.21% |
| 2024-06-30 | 19.04% |
| 2024-03-31 | 15.99% |
| 2023-12-31 | 9.63% |
| 2023-09-30 | 18.59% |
| 2023-06-30 | 17.08% |
| 2023-03-31 | 22.80% |
| 2022-12-31 | 13.73% |
| 2022-09-30 | 31.92% |
| 2022-06-30 | 30.57% |
| 2022-03-31 | 33.63% |
| 2021-12-31 | 36.29% |
| 2021-09-30 | 42.58% |
| 2021-06-30 | 42.31% |
| 2021-03-31 | 50.54% |
| 2020-12-31 | 31.85% |
| 2020-09-30 | 30.76% |
| 2020-06-30 | 12.07% |
| 2020-03-31 | 21.67% |
| 2019-12-31 | 27.60% |
| 2019-09-30 | 33.81% |
| 2019-06-30 | 32.81% |
| 2019-03-31 | 31.41% |
| 2018-12-31 | 33.28% |
| 2018-09-30 | 34.89% |
| 2018-06-30 | 34.56% |
| 2018-03-31 | 33.71% |
| 2017-12-31 | 21.21% |
| 2017-09-30 | 35.70% |
| 2017-06-30 | 35.16% |
| 2017-03-31 | 35.12% |
| 2016-12-31 | 35.14% |
| 2016-09-30 | 36.11% |
| 2016-06-30 | 35.80% |
| 2016-03-31 | 35.47% |
| 2015-12-31 | 37.21% |
| 2015-09-30 | 37.42% |
| 2015-06-30 | 37.92% |
| 2015-03-31 | 36.87% |
| 2014-12-31 | 36.95% |
| 2014-09-30 | 37.91% |
| 2014-06-30 | 37.44% |
| 2014-03-31 | 37.19% |
| 2013-12-31 | 35.87% |
| 2013-09-30 | 37.60% |
| 2013-06-30 | 37.13% |
| 2013-03-31 | 36.87% |
| 2012-12-31 | 35.29% |
| 2012-09-30 | 36.01% |
| 2012-06-30 | 34.78% |
| 2012-03-31 | 33.49% |
| 2011-12-31 | 34.72% |
| 2011-09-30 | 32.38% |
| 2011-06-30 | 31.09% |
| 2011-03-31 | 27.26% |
| 2010-12-31 | 23.91% |
| 2010-09-30 | 22.25% |
| 2010-06-30 | 18.63% |
| 2010-03-31 | 16.78% |
| 2009-12-31 | 11.99% |
| 2009-09-30 | 13.96% |
| 2009-06-30 | 12.76% |
| 2009-03-31 | 14.78% |
| 2008-12-31 | 7.75% |
| 2008-09-30 | 18.86% |
| 2008-06-30 | 29.31% |
| 2008-03-31 | 31.83% |
| 2007-12-31 | 24.13% |
| 2007-09-30 | 30.11% |
| 2007-06-30 | 32.53% |
| 2007-03-31 | 33.05% |
| 2006-12-31 | 33.00% |
| 2006-09-30 | 35.43% |
| 2006-06-30 | 37.42% |
| 2006-03-31 | 38.05% |
| 2005-12-31 | 37.73% |
| 2005-09-30 | 40.52% |
| 2005-06-30 | 37.90% |
| 2005-03-31 | 42.52% |
| 2004-12-31 | 41.43% |
| 2004-09-30 | 42.20% |
| 2004-06-30 | 45.34% |
| 2004-03-31 | 39.15% |
| 2003-12-31 | 44.12% |
| 2003-09-30 | 41.06% |
| 2003-06-30 | 36.71% |
| 2003-03-31 | 35.94% |
| 2002-12-31 | 33.08% |
| 2002-09-30 | 33.11% |
