Basis: Trailing twelve months (TTM net income over TTM revenue). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the net profit margin high or low?
The net profit margin of 20.51% is 27% below its 5-year average of 28.25%, near the low end of its 5-year range (10.74%–50.50%).
9.36% above its 12-month average of 18.76%.
Reported quarterly profit margin; no daily interpolation. Q2 FY2026 (2026-06-30): 26.63%.
NET PROFIT MARGIN
20.51%
NET PROFIT MARGIN AVG TTM
18.76%
NET PROFIT MARGIN AVG 3Y
20.82%
NET PROFIT MARGIN AVG 5Y
28.25%
NET PROFIT MARGIN AVG 10Y
32.70%
NET PROFIT MARGIN AVG 15Y
N/A
NET PROFIT MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+9.36%
CURRENT VS 3Y AVG
-1.49%
CURRENT VS 5Y AVG
-27.40%
CURRENT VS 10Y AVG
-37.28%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
13.21%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
+55.32%
vs the sector median at left
Merchants Bancorp
Market Cap
$2.39B
Net Profit Margin
20.51%
TTM Avg
18.76%
3Y Avg
20.82%
5Y Avg
28.25%
Market Cap
$2.38B
Net Profit Margin
20.51%
TTM Avg
19.08%
3Y Avg
24.53%
5Y Avg
32.05%
Market Cap
$2.37B
Net Profit Margin
31.79%
TTM Avg
130.00%
3Y Avg
-165.98%
5Y Avg
-84.42%
Market Cap
$2.44B
Net Profit Margin
-149.35%
TTM Avg
-49.38%
3Y Avg
-21.86%
5Y Avg
33.90%
Market Cap
$2.47B
Net Profit Margin
31.13%
TTM Avg
17.41%
3Y Avg
22.52%
5Y Avg
24.18%
Market Cap
$2.29B
Net Profit Margin
20.51%
TTM Avg
19.08%
3Y Avg
24.53%
5Y Avg
32.05%
Market Cap
$2.29B
Net Profit Margin
11.45%
TTM Avg
11.19%
3Y Avg
9.54%
5Y Avg
4.77%
Market Cap
$2.49B
Net Profit Margin
24.65%
TTM Avg
15.06%
3Y Avg
19.23%
5Y Avg
21.34%
Market Cap
$2.49B
Net Profit Margin
11.53%
TTM Avg
3.81%
3Y Avg
10.38%
5Y Avg
14.83%
| NAME | MARKET CAP | NET PROFIT MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merchants Bancorp (MBINN) | $2.39B | 20.51% | 18.76% | 20.82% | 28.25% |
| Merchants Bancorp (MBINL)vs › | $2.38B | 20.51% | 19.08% | 24.53% | 32.05% |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.37B | 31.79% | 130.00% | -165.98% | -84.42% |
| Oxford Lane Capital Corp. (OXLCM)vs › | $2.44B | -149.35% | -49.38% | -21.86% | 33.90% |
| First Bancorp (FBNC)vs › | $2.47B | 31.13% | 17.41% | 22.52% | 24.18% |
| Merchants Bancorp (MBIN)vs › | $2.29B | 20.51% | 19.08% | 24.53% | 32.05% |
| Skyward Specialty Insurance Group, Inc. (SKWD)vs › | $2.29B | 11.45% | 11.19% | 9.54% | 4.77% |
| First Busey Corporation (BUSE)vs › | $2.49B | 24.65% | 15.06% | 19.23% | 21.34% |
| Columbia Financial, Inc. (CLBK)vs › | $2.49B | 11.53% | 3.81% | 10.38% | 14.83% |
| Upstart Holdings, Inc. (UPST)vs › | $2.28B | 4.69% | -7.00% | -17.64% | -8.67% |
Operating Margin
21.1%
Net Profit Margin
20.5%
Net Profit Margin = Net Income / Revenue
Net profit margin is the percentage of revenue that becomes net income after all expenses, taxes, and interest.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | NET PROFIT MARGIN |
|---|---|
| 2026-06-30 | 26.63% |
| 2026-03-31 | 21.36% |
| 2025-12-31 | 19.13% |
| 2025-09-30 | 15.92% |
| 2025-06-30 | 10.74% |
| 2025-03-31 | 18.78% |
| 2024-12-31 | 25.19% |
| 2024-09-30 | 17.28% |
| 2024-06-30 | 21.30% |
| 2024-03-31 | 24.59% |
| 2023-12-31 | 22.42% |
| 2023-09-30 | 24.57% |
| 2023-06-30 | 22.75% |
| 2023-03-31 | 24.45% |
| 2022-12-31 | 28.11% |
| 2022-09-30 | 36.09% |
| 2022-06-30 | 42.38% |
| 2022-03-31 | 45.83% |
| 2021-12-31 | 45.48% |
| 2021-09-30 | 50.50% |
| 2021-06-30 | 49.74% |
| 2021-03-31 | 51.24% |
| 2020-12-31 | 50.80% |
| 2020-09-30 | 49.12% |
| 2020-06-30 | 44.57% |
| 2020-03-31 | 31.06% |
| 2019-12-31 | 35.16% |
| 2019-09-30 | 29.21% |
| 2019-06-30 | 28.70% |
| 2019-03-31 | 24.93% |
| 2018-12-31 | 28.85% |
| 2018-09-30 | 34.71% |
| 2018-06-30 | 35.21% |
| 2018-03-31 | 38.23% |
| 2017-12-31 | 49.84% |
| 2017-09-30 | 31.77% |
| 2017-06-30 | 38.82% |
| 2017-03-31 | 34.83% |
| 2016-12-31 | 33.11% |
| 2016-09-30 | 38.30% |
| 2016-06-30 | 39.10% |
| 2016-03-31 | 34.57% |
