TTM
41.7%
YoY change
+0.24pp
Trough year (2009)
28.6%
Peak year (2022)
48.9%
Latest annual
42.5%
Operating Margin history chart for Farmers & Merchants Bancorp (FMCB) from 2002 to 2025
Latest: 42.5%
Operating Margin change chart for Farmers & Merchants Bancorp (FMCB) from 2002 to 2025
Latest: +0.24pp
Operating Margin history table for Farmers & Merchants Bancorp (FMCB) from 2002 to 2025
| 2025 | 42.5% | +0.24pp | ||
| 2024 | 42.2% | -1.63pp | ||
| 2023 | 43.9% | -4.99pp | ||
| 2022 | 48.9% | +0.78pp | ||
| 2021 | 48.1% | +2.91pp | ||
| 2020 | 45.2% | +0.43pp | ||
| 2019 | 44.7% | +4.27pp | ||
| 2018 | 40.5% | -1.69pp | ||
| 2017 | 42.2% | +2.87pp | ||
| 2016 | 39.3% | -3.50pp | ||
| 2015 | 42.8% | -0.42pp | ||
| 2014 | 43.2% | +0.24pp | ||
| 2013 | 43.0% | +1.90pp | ||
| 2012 | 41.1% | +4.16pp | ||
| 2011 | 36.9% | +3.71pp | ||
| 2010 | 33.2% | +4.59pp | ||
| 2009 | 28.6% | -5.28pp | ||
| 2008 | 33.9% | +1.92pp | ||
| 2007 | 32.0% | -0.32pp | ||
| 2006 | 32.3% | -1.93pp | ||
| 2005 | 34.2% | -1.52pp | ||
| 2004 | 35.7% | +2.09pp | ||
| 2003 | 33.7% | +3.59pp | ||
| 2002 | 30.1% | — |
- 202542.5%+0.24pp
- 202442.2%-1.63pp
- 202343.9%-4.99pp
- 202248.9%+0.78pp
- 202148.1%+2.91pp
- 202045.2%+0.43pp
- 201944.7%+4.27pp
- 201840.5%-1.69pp
- 201742.2%+2.87pp
- 201639.3%-3.50pp
- 201542.8%-0.42pp
- 201443.2%+0.24pp
- 201343.0%+1.90pp
- 201241.1%+4.16pp
- 201136.9%+3.71pp
- 201033.2%+4.59pp
- 200928.6%-5.28pp
- 200833.9%+1.92pp
- 200732.0%-0.32pp
- 200632.3%-1.93pp
- 200534.2%-1.52pp
- 200435.7%+2.09pp
- 200333.7%+3.59pp
- 200230.1%—
Operating Margin values are taken from Farmers & Merchants Bancorp's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Farmers & Merchants Bancorp (FMCB)
According to Farmers & Merchants Bancorp's latest reported financial statements, the company's latest reported operating margin is 41.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Farmers & Merchants Bancorp (FMCB) operating margin is 42.48% – expanded 0.2 percentage points year-over-year.
The record annual operating margin stands at 48.86%, reached in 2022; the historical low of 28.61% was recorded in 2009.
Farmers & Merchants Bancorp Operating Margin by Year
Farmers & Merchants Bancorp Operating Margin 2025: 42.5%
In 2025, Farmers & Merchants Bancorp reported operating margin of 42.48%, expanded 0.2 percentage points from 2024.
Farmers & Merchants Bancorp Operating Margin 2024: 42.2%
Farmers & Merchants Bancorp operating margin in 2024 was 42.24%, contracted 1.6 percentage points from 2023.
Farmers & Merchants Bancorp Operating Margin 2023: 43.9%
2023's operating margin for Farmers & Merchants Bancorp came in at 43.87%, contracted 5.0 percentage points from 2022.
Farmers & Merchants Bancorp Operating Margin 2022: 48.9%
Farmers & Merchants Bancorp posted operating margin of 48.86% in 2022, expanded 0.8 percentage points from 2021. This figure represents the highest annual value in the available history.
Farmers & Merchants Bancorp Operating Margin 2021: 48.1%
Farmers & Merchants Bancorp operating margin in 2021 was 48.08%.
See more financial history for Farmers & Merchants Bancorp (FMCB).
Sector peers by Operating Margin
Financial Services peers of Farmers & Merchants Bancorp (FMCB), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
Frequently asked questions
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