TTM
30.7%
YoY change
+5.30pp
Trough year (1990)
11.9%
Peak year (2021)
40.4%
Latest annual
30.0%
Operating Margin history chart for M&T Bank (MTB) from 1989 to 2025
Latest: 30.0%
Operating Margin change chart for M&T Bank (MTB) from 1989 to 2025
Latest: +5.30pp
Operating Margin history table for M&T Bank (MTB) from 1989 to 2025
| 2025 | 30.0% | +5.30pp | ||
| 2024 | 24.7% | -4.24pp | ||
| 2023 | 28.9% | -2.02pp | ||
| 2022 | 31.0% | -9.45pp | ||
| 2021 | 40.4% | +12.23pp | ||
| 2020 | 28.2% | -8.53pp | ||
| 2019 | 36.7% | -2.16pp | ||
| 2018 | 38.9% | +0.25pp | ||
| 2017 | 38.6% | +2.63pp | ||
| 2016 | 36.0% | +2.45pp | ||
| 2015 | 33.5% | -1.15pp | ||
| 2014 | 34.7% | -1.81pp | ||
| 2013 | 36.5% | +2.96pp | ||
| 2012 | 33.5% | +5.69pp | ||
| 2011 | 27.8% | -0.45pp | ||
| 2010 | 28.3% | +14.62pp | ||
| 2009 | 13.7% | -3.72pp | ||
| 2008 | 17.4% | -4.17pp | ||
| 2007 | 21.6% | -6.69pp | ||
| 2006 | 28.2% | -3.07pp | ||
| 2005 | 31.3% | -1.58pp | ||
| 2004 | 32.9% | +4.14pp | ||
| 2003 | 28.8% | -1.67pp | ||
| 2002 | 30.4% | +7.80pp | ||
| 2001 | 22.6% | +1.35pp | ||
| 2000 | 21.3% | -2.47pp | ||
| 1999 | 23.8% | +3.68pp | ||
| 1998 | 20.1% | -2.36pp | ||
| 1997 | 22.4% | +1.10pp | ||
| 1996 | 21.3% | +0.81pp | ||
| 1995 | 20.5% | -1.81pp | ||
| 1994 | 22.3% | +1.95pp | ||
| 1993 | 20.4% | +2.10pp | ||
| 1992 | 18.3% | +4.79pp | ||
| 1991 | 13.5% | +1.61pp | ||
| 1990 | 11.9% | -0.28pp | ||
| 1989 | 12.2% | — |
- 202530.0%+5.30pp
- 202424.7%-4.24pp
- 202328.9%-2.02pp
- 202231.0%-9.45pp
- 202140.4%+12.23pp
- 202028.2%-8.53pp
- 201936.7%-2.16pp
- 201838.9%+0.25pp
- 201738.6%+2.63pp
- 201636.0%+2.45pp
- 201533.5%-1.15pp
- 201434.7%-1.81pp
- 201336.5%+2.96pp
- 201233.5%+5.69pp
- 201127.8%-0.45pp
- 201028.3%+14.62pp
- 200913.7%-3.72pp
- 200817.4%-4.17pp
- 200721.6%-6.69pp
- 200628.2%-3.07pp
- 200531.3%-1.58pp
- 200432.9%+4.14pp
- 200328.8%-1.67pp
- 200230.4%+7.80pp
- 200122.6%+1.35pp
- 200021.3%-2.47pp
- 199923.8%+3.68pp
- 199820.1%-2.36pp
- 199722.4%+1.10pp
- 199621.3%+0.81pp
- 199520.5%-1.81pp
- 199422.3%+1.95pp
- 199320.4%+2.10pp
- 199218.3%+4.79pp
- 199113.5%+1.61pp
- 199011.9%-0.28pp
- 198912.2%—
Operating Margin values are taken from M&T Bank'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 M&T Bank (MTB)
According to M&T Bank's latest reported financial statements, the company's latest reported operating margin is 30.7%. 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 M&T Bank (MTB) operating margin is 29.99% – expanded 5.3 percentage points year-over-year.
Across the available history, operating margin reached its high of 40.40% in 2021 and its low of 11.88% in 1990.
M&T Bank Operating Margin by Year
M&T Bank Operating Margin 2025: 30.0%
M&T Bank operating margin in 2025 was 29.99%, expanded 5.3 percentage points from 2024.
M&T Bank Operating Margin 2024: 24.7%
2024's operating margin for M&T Bank came in at 24.69%, contracted 4.2 percentage points from 2023.
M&T Bank Operating Margin 2023: 28.9%
M&T Bank posted operating margin of 28.94% in 2023, contracted 2.0 percentage points from 2022.
M&T Bank Operating Margin 2022: 31.0%
In 2022, M&T Bank reported operating margin of 30.96%, contracted 9.4 percentage points from 2021.
M&T Bank Operating Margin 2021: 40.4%
M&T Bank operating margin in 2021 was 40.40%.
See more financial history for M&T Bank (MTB).
Sector peers by Operating Margin
Financial Services peers of M&T Bank (MTB), 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%
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M&T Bank (MTB) Key Financials
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