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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Financials companies with the highest operating margin

Operating margin is operating income divided by revenue. Only companies with at least $1 billion in revenue are ranked here. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 159 · Fiscal year 2025 · Data as of September 25, 2026

Only companies with at least $1bn in revenue are ranked.

Mgic Investment (MTG) tops the list with 76.5% in operating margin for fiscal 2025, ahead of Enact Holdings (69.5%) and Radian Group (66.1%). Across the top 10, operating margin ranges from 76.5% down to 59.6%. 159 companies in Financials report operating margin, 10.7% of the 1486-filer universe. The last place on the list, Berkley W R, comes in at 15.5%.

Operating margin
#CompanyOperating marginYoY15-year trend
1Mgic InvestmentMTGUS76.5%−4.6%
2Enact HoldingsACTUS69.5%−4.9%
3Radian GroupRDNUS66.1%−5.7%
4Essent GroupESNTBM65.2%−5.3%
5Cme GroupCMEUS64.9%+1.1%
6Federal National Mortgage Association Fannie MaeFNMAUS62.1%−15.1%
7Royal GoldRGLDUS61.9%+3.6%
8Futu HoldingsFUTUCN61.6%+26.5%
9Brookfield Asset ManagementBAMUS60.7%−5.1%
10Assured GuarantyAGOBM59.6%+6.6%
11Federal Home Loan MortgageFMCCUS57.4%−7.1%
12Affiliated ManagersAMGUS57.2%+26.4%
13Slide InsuranceSLDEUS51.0%+59.9%
14Webster FinancialWBSUS50.7%+6.0%
15BlackstoneBXUS49.6%+1.6%
16Schwab CharlesSCHWUS47.9%+22.1%
17Robinhood MarketsHOODUS47.1%+30.7%
18Tradeweb MarketsTWUS40.7%+3.6%
19HDFC BankHDBIN40.3%+2.6%
20JPMorgan ChaseJPMUS39.8%−5.9%
21United Community BanksUCBUS39.7%+17.1%
22Intercontinental ExchangeICEUS39.0%+6.4%
23Goldman SachsGSUS37.5%+9.1%
24First HorizonFHNUS37.4%+18.8%
25PNC Financial ServicesPNCUS36.7%+9.3%
26Victory CapitalVCTRUS36.6%−23.4%
27KKRKKRUS36.5%+36.2%
28White Mountains InsuranceWTMUS35.6%+151.6%
29Encore CapitalECPGUS35.4%+196.4%
30Qfin HoldingsQFINCN34.8%−20.7%
31Cullen/Frost BankersCFRUS34.5%+2.4%
32Kinsale CapitalKNSLUS33.8%+4.4%
33American ExpressAXPUS33.4%+0.6%
34Artisan Partners Asset ManagementAPAMUS33.4%+1.3%
35Bank of AmericaBACUS33.3%+6.2%
36US BancorpUSBUS33.2%+15.3%
37First BancorpFBPUS33.2%+4.1%
38Renaissancere HoldingsRNRBM31.2%+22.1%
39First Citizens BancsharesFCNCAUS31.1%−15.4%
40Cboe Global MarketsCBOEUS31.1%+16.0%
41Morgan StanleyMSUS31.1%+9.1%
42KeycorpKEYUS30.7%+37.3 pp
43Virtu FinancialVIRTUS30.1%+34.4%
44Wells FargoWFCUS30.1%+6.0%
45Price T RoweTROWUS29.9%−9.0%
46PrimericaPRIUS29.6%−2.6%
47BlackRockBLKUS29.1%−21.6%
48Northern TrustNTRSUS28.9%−9.8%
49PrudentialPUKGB28.8%−1.2%
50Federated HermesFHIUS28.5%+28.9%
51Hamilton InsuranceHGBM28.4%+6.4%
52SSR MiningSSRMUS28.3%+60.7 pp
53Citizens FinancialCFGUS28.2%+16.8%
54NasdaqNDAQUS28.2%+16.1%
55Sei InvestmentsSEICUS27.3%+5.2%
56RliRLIUS26.9%+11.3%
57State StreetSTTUS26.8%+2.5%
58Arch CapitalACGLBM25.9%−3.4%
59AonAONIE25.3%+3.5%
60Credit AcceptanceCACCUS24.4%+60.1%
61Carlyle GroupCGUS24.3%−5.6%
62Globe LifeGLUS24.0%+4.3%
63Ameriprise FinancialAMPUS23.8%+0.1%
64Cincinnati FinancialCINFUS23.6%−6.4%
65Enova InternationalENVAUS23.5%+6.6%
66CitigroupCUS23.3%+10.2%
67Brown & BrownBROUS23.2%−14.3%
68Marsh & Mclennan CompaniesMRSHUS23.1%−3.0%
69Willis Towers WatsonWTWGB23.0%+264.4%
70Ares ManagementARESUS23.0%−30.0%
71Finvolution GroupFINVCN22.9%+5.0%
72Berkshire HathawayBRK-BUS22.2%−25.3%
73ChubbCBCH22.0%+6.9%
74MorningstarMORNUS21.5%+1.1%
75X FinancialXYFCN21.3%−33.1%
76Apollo Global ManagementAPOUS20.8%−26.8%
77Bank of New York MellonBNYUS20.8%+23.7%
78Markel GroupMKLUS20.6%−17.8%
79EvercoreEVRUS20.5%+15.0%
80Pagaya TechnologiesPGYUS20.3%+213.1%
81Houlihan LokeyHLIUS20.1%−4.3%
82PJT PartnersPJTUS20.0%+10.4%
83Coinbase GlobalCOINUS20.0%−43.1%
84Mitsubishi Ufj FinancialMUFGJP19.9%+37.9%
85Athene HoldingATH-PAUS19.9%−27.0%
86Piper Sandler CompaniesPIPRUS19.7%+37.9%
87Dolby LaboratoriesDLBUS19.6%−3.2%
88AllstateALLUS19.4%+116.3%
89Mizuho FinancialMFGJP19.2%+106.2%
90Axis CapitalAXSBM18.7%+8.4%
91Erie IndemnityERIEUS17.6%−1.1%
92Banc of CaliforniaBANCUS17.2%+92.9%
93SiriuspointSPNTBM16.9%+88.7%
94Hartford InsuranceHIGUS16.8%+15.7%
95ProgressivePGRUS16.2%+14.1%
96Ryan SpecialtyRYANUS16.2%−4.9%
97Bread FinancialBFHUS16.0%+61.1%
98Travelers CompaniesTRVUS16.0%+19.9%
99Lexinfintech HoldingsLXCN15.8%+65.6%
100Berkley W RWRBUS15.5%−6.6%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Financials companies with the highest operating margin |url=https://companiesranked.com/en/financial-companies-with-the-highest-operating-margin |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-financial-companies-with-the-highest-operating-margin-2026,
  author       = {{CompaniesRanked}},
  title        = {{Financials companies with the highest operating margin}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/financial-companies-with-the-highest-operating-margin}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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