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 23.63% is 15% below its 5-year average of 27.87%, around the middle of its 5-year range (6.33%–43.87%).
0.72% above its 12-month average of 23.46%.
Reported quarterly operating margin; no daily interpolation. Q3 FY2026 (2026-06-30): 23.66%.
OPERATING MARGIN
23.63%
OPERATING MARGIN AVG TTM
23.46%
OPERATING MARGIN AVG 3Y
22.21%
OPERATING MARGIN AVG 5Y
27.87%
OPERATING MARGIN AVG 10Y
32.48%
OPERATING MARGIN AVG 15Y
34.95%
OPERATING MARGIN AVG 20Y
32.33%
CURRENT VS TTM AVG
+0.72%
CURRENT VS 3Y AVG
+6.38%
CURRENT VS 5Y AVG
-15.23%
CURRENT VS 10Y AVG
-27.24%
CURRENT VS 15Y AVG
-32.38%
CURRENT VS 20Y AVG
-26.91%
SECTOR MEDIAN · FINANCIAL SERVICES
16.09%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
+46.86%
vs the sector median at left
Market Cap
$2.22B
Operating Margin
18.81%
TTM Avg
18.81%
3Y Avg
18.81%
5Y Avg
18.81%
Market Cap
$2.19B
Operating Margin
15.93%
TTM Avg
17.98%
3Y Avg
23.03%
5Y Avg
24.37%
Market Cap
$2.25B
Operating Margin
15.52%
TTM Avg
8.64%
3Y Avg
12.84%
5Y Avg
15.04%
Market Cap
$2.16B
Operating Margin
27.68%
TTM Avg
29.75%
3Y Avg
35.32%
5Y Avg
34.62%
Market Cap
$2.27B
Operating Margin
34.05%
TTM Avg
30.19%
3Y Avg
32.18%
5Y Avg
33.85%
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
4.80%
TTM Avg
-6.96%
3Y Avg
-17.63%
5Y Avg
-8.70%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| WaFd, Inc. (WAFD) | $2.21B | 23.63% | 23.46% | 22.21% | 27.87% |
| eToro Group Ltd. (ETOR)vs › | $2.22B | 3.75% | 2.06% | 0.59% | -1.21% |
| Ethos Technologies Inc. (LIFE)vs › | $2.22B | 18.81% | 18.81% | 18.81% | 18.81% |
| Northwest Bancshares, Inc. (NWBI)vs › | $2.19B | 15.93% | 17.98% | 23.03% | 24.37% |
| Brighthouse Financial, Inc. (BHFAP)vs › | $2.25B | 15.52% | 8.64% | 12.84% | 15.04% |
| Enterprise Financial Services Corp (EFSC)vs › | $2.16B | 27.68% | 29.75% | 35.32% | 34.62% |
| Stock Yards Bancorp, Inc. (SYBT)vs › | $2.27B | 34.05% | 30.19% | 32.18% | 33.85% |
| Banner Corporation (BANR)vs › | $2.28B | 29.45% | 27.38% | 30.71% | 30.72% |
| Upstart Holdings, Inc. (UPST)vs › | $2.28B | 4.80% | -6.96% | -17.63% | -8.70% |
| Skyward Specialty Insurance Group, Inc. (SKWD)vs › | $2.29B | 14.68% | 14.31% | 12.19% | 6.11% |
Operating Margin
23.6%
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 | 23.66% |
| 2026-03-31 | 24.30% |
| 2025-12-31 | 24.00% |
| 2025-09-30 | 22.55% |
| 2025-06-30 | 22.79% |
| 2025-03-31 | 20.30% |
| 2024-12-31 | 16.68% |
| 2024-09-30 | 20.69% |
| 2024-06-30 | 20.23% |
| 2024-03-31 | 6.33% |
| 2023-12-31 | 23.67% |
| 2023-09-30 | 19.99% |
| 2023-06-30 | 27.70% |
| 2023-03-31 | 31.87% |
| 2022-12-31 | 41.21% |
| 2022-09-30 | 43.87% |
| 2022-06-30 | 43.66% |
| 2022-03-31 | 37.78% |
| 2021-12-31 | 37.28% |
| 2021-09-30 | 39.38% |
| 2021-06-30 | 37.40% |
| 2021-03-31 | 35.22% |
| 2020-12-31 | 30.71% |
| 2020-09-30 | 26.58% |
| 2020-06-30 | 27.22% |
| 2020-03-31 | 26.30% |
| 2019-12-31 | 41.03% |
| 2019-09-30 | 35.27% |
| 2019-06-30 | 34.99% |
| 2019-03-31 | 35.86% |
| 2018-12-31 | 36.99% |
| 2018-09-30 | 39.76% |
| 2018-06-30 | 38.46% |
| 2018-03-31 | 40.13% |
| 2017-12-31 | 39.73% |
| 2017-09-30 | 42.14% |
| 2017-06-30 | 43.13% |
| 2017-03-31 | 42.68% |
| 2016-12-31 | 42.12% |
| 2016-09-30 | 44.24% |
| 2016-06-30 | 43.64% |
| 2016-03-31 | 42.24% |
| 2015-12-31 | 36.97% |
| 2015-09-30 | 44.77% |
| 2015-06-30 | 42.12% |
| 2015-03-31 | 43.34% |
| 2014-12-31 | 43.28% |
| 2014-09-30 | 43.49% |
| 2014-06-30 | 41.24% |
| 2014-03-31 | 43.27% |
| 2013-12-31 | 45.70% |
| 2013-09-30 | 47.99% |
| 2013-06-30 | 43.79% |
| 2013-03-31 | 40.67% |
| 2012-12-31 | 40.49% |
| 2012-09-30 | 40.34% |
| 2012-06-30 | 36.88% |
| 2012-03-31 | 33.35% |
| 2011-12-31 | 32.52% |
| 2011-09-30 | 29.27% |
| 2011-06-30 | 28.38% |
| 2011-03-31 | 23.59% |
| 2010-12-31 | 22.54% |
| 2010-09-30 | 26.59% |
| 2010-06-30 | 11.47% |
| 2010-03-31 | 26.58% |
| 2009-12-31 | 6.61% |
| 2009-09-30 | 8.31% |
| 2009-06-30 | 6.67% |
| 2009-03-31 | 9.47% |
| 2008-12-31 | 18.38% |
| 2008-09-30 | -34.20% |
| 2008-06-30 | 27.34% |
| 2008-03-31 | 28.98% |
| 2007-12-31 | 30.09% |
| 2007-09-30 | 31.20% |
| 2007-06-30 | 32.60% |
| 2007-03-31 | 33.63% |
| 2006-12-31 | 34.77% |
| 2006-09-30 | 37.20% |
| 2006-06-30 | 38.70% |
| 2006-03-31 | 41.86% |
| 2005-12-31 | 42.88% |
| 2005-09-30 | 41.42% |
| 2005-06-30 | 45.41% |
| 2005-03-31 | 51.62% |
| 2004-12-31 | 50.95% |
| 2004-09-30 | 46.95% |
| 2004-06-30 | 51.26% |
| 2004-03-31 | 47.96% |
| 2003-12-31 | 48.04% |
| 2003-09-30 | 49.95% |
| 2003-06-30 | 49.38% |
| 2003-03-31 | 48.60% |
| 2002-12-31 | 46.05% |
| 2002-09-30 | 45.27% |
