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 21.17% is in line with its 5-year average of 20.48%, around the middle of its 5-year range (10.41%–38.69%).
0.01% below its 12-month average of 21.17%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
21.17%
OPERATING MARGIN AVG TTM
21.17%
OPERATING MARGIN AVG 3Y
20.08%
OPERATING MARGIN AVG 5Y
20.48%
OPERATING MARGIN AVG 10Y
24.23%
OPERATING MARGIN AVG 15Y
27.62%
OPERATING MARGIN AVG 20Y
26.15%
CURRENT VS TTM AVG
-0.01%
CURRENT VS 3Y AVG
+5.44%
CURRENT VS 5Y AVG
+3.37%
CURRENT VS 10Y AVG
-12.64%
CURRENT VS 15Y AVG
-23.35%
CURRENT VS 20Y AVG
-19.06%
SECTOR MEDIAN · FINANCIAL SERVICES
23.41%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
-9.57%
vs the sector median at left
Wells Fargo & Company
Market Cap
$266.04B
Operating Margin
21.17%
TTM Avg
21.17%
3Y Avg
20.08%
5Y Avg
20.48%
Market Cap
$305.78B
Operating Margin
24.81%
TTM Avg
15.98%
3Y Avg
15.38%
5Y Avg
21.07%
Market Cap
$220.22B
Operating Margin
17.14%
TTM Avg
17.26%
3Y Avg
16.84%
5Y Avg
17.11%
Market Cap
$203.62B
Operating Margin
17.92%
TTM Avg
15.18%
3Y Avg
19.96%
5Y Avg
22.93%
Market Cap
$185.86B
Operating Margin
43.49%
TTM Avg
35.50%
3Y Avg
34.52%
5Y Avg
35.70%
Market Cap
$170.95B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$169.78B
Operating Margin
31.12%
TTM Avg
33.09%
3Y Avg
34.26%
5Y Avg
35.11%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Wells Fargo & Company (WFC) | $266.04B | 21.17% | 21.17% | 20.08% | 20.48% |
| Citigroup Inc. (C)vs › | $234.50B | 14.18% | 10.88% | 12.21% | 16.43% |
| The Goldman Sachs Group, Inc. (GS)vs › | $305.78B | 24.81% | 15.98% | 15.38% | 21.07% |
| American Express Company (AXP)vs › | $220.22B | 17.14% | 17.26% | 16.84% | 17.11% |
| The Toronto-Dominion Bank (TD)vs › | $203.62B | 17.92% | 15.18% | 19.96% | 22.93% |
| Morgan Stanley (MS)vs › | $341.18B | 20.70% | 18.07% | 18.02% | 22.52% |
| The Charles Schwab Corporation (SCHW)vs › | $185.86B | 43.49% | 35.50% | 34.52% | 35.70% |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $170.95B | N/A | N/A | N/A | N/A |
| BlackRock, Inc. (BLK)vs › | $169.78B | 31.12% | 33.09% | 34.26% | 35.11% |
| Blackstone Inc. (BX)vs › | $161.83B | 52.08% | 54.35% | 48.73% | 53.98% |
Gross Margin
64.5%
Operating Margin
21.2%
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 | 23.96% |
| 2026-03-31 | 18.40% |
| 2025-12-31 | 20.51% |
| 2025-09-30 | 21.65% |
| 2025-06-30 | 21.33% |
| 2025-03-31 | 17.98% |
| 2024-12-31 | 17.59% |
| 2024-09-30 | 19.68% |
| 2024-06-30 | 19.46% |
| 2024-03-31 | 17.75% |
| 2023-12-31 | 11.16% |
| 2023-09-30 | 21.94% |
| 2023-06-30 | 20.68% |
| 2023-03-31 | 21.86% |
| 2022-12-31 | 10.41% |
| 2022-09-30 | 20.38% |
| 2022-06-30 | 19.56% |
| 2022-03-31 | 24.96% |
| 2021-12-31 | 37.35% |
| 2021-09-30 | 35.05% |
| 2021-06-30 | 38.69% |
| 2021-03-31 | 28.28% |
| 2020-12-31 | 17.13% |
| 2020-09-30 | 15.99% |
| 2020-06-30 | -28.70% |
| 2020-03-31 | 3.14% |
| 2019-12-31 | 14.85% |
| 2019-09-30 | 22.75% |
| 2019-06-30 | 28.83% |
| 2019-03-31 | 26.04% |
| 2018-12-31 | 28.19% |
| 2018-09-30 | 29.53% |
| 2018-06-30 | 28.45% |
| 2018-03-31 | 26.76% |
| 2017-12-31 | 20.50% |
| 2017-09-30 | 27.74% |
| 2017-06-30 | 33.28% |
| 2017-03-31 | 32.55% |
| 2016-12-31 | 33.95% |
| 2016-09-30 | 34.80% |
| 2016-06-30 | 35.16% |
| 2016-03-31 | 34.75% |
| 2015-12-31 | 36.71% |
| 2015-09-30 | 39.98% |
| 2015-06-30 | 39.29% |
| 2015-03-31 | 37.30% |
| 2014-12-31 | 37.65% |
| 2014-09-30 | 39.94% |
| 2014-06-30 | 40.03% |
| 2014-03-31 | 40.20% |
| 2013-12-31 | 39.05% |
| 2013-09-30 | 39.52% |
| 2013-06-30 | 38.07% |
| 2013-03-31 | 34.26% |
| 2012-12-31 | 32.17% |
| 2012-09-30 | 33.66% |
| 2012-06-30 | 31.71% |
| 2012-03-31 | 29.37% |
| 2011-12-31 | 27.49% |
| 2011-09-30 | 29.35% |
| 2011-06-30 | 28.42% |
| 2011-03-31 | 24.71% |
| 2010-12-31 | 22.38% |
| 2010-09-30 | 22.73% |
| 2010-06-30 | 20.14% |
| 2010-03-31 | 17.04% |
| 2009-12-31 | 16.10% |
| 2009-09-30 | 18.89% |
| 2009-06-30 | 18.89% |
| 2009-03-31 | 19.25% |
| 2008-12-31 | -38.98% |
| 2008-09-30 | 17.93% |
| 2008-06-30 | 19.02% |
| 2008-03-31 | 23.19% |
| 2007-12-31 | 11.52% |
| 2007-09-30 | 25.08% |
| 2007-06-30 | 25.96% |
| 2007-03-31 | 25.46% |
| 2006-12-31 | 27.63% |
| 2006-09-30 | 26.37% |
| 2006-06-30 | 26.77% |
| 2006-03-31 | 27.17% |
| 2005-12-31 | 26.67% |
| 2005-09-30 | 28.39% |
| 2005-06-30 | 29.98% |
| 2005-03-31 | 29.57% |
| 2004-12-31 | 29.23% |
| 2004-09-30 | 32.39% |
| 2004-06-30 | 31.84% |
| 2004-03-31 | 34.12% |
| 2003-12-31 | 28.26% |
| 2003-09-30 | 28.54% |
| 2003-06-30 | 30.09% |
| 2003-03-31 | 30.60% |
| 2002-12-31 | 30.57% |
| 2002-09-30 | 31.77% |
