TTM
19.3%
YoY change
+2.66pp
Trough year (2001)
-15.8%
Peak year (1985)
99.3%
Latest annual
16.0%
Operating Margin history chart for Travelers Companies (TRV) from 1985 to 2025
Latest: 16.0%
Operating Margin change chart for Travelers Companies (TRV) from 1985 to 2025
Latest: +2.66pp
Operating Margin history table for Travelers Companies (TRV) from 1985 to 2025
| 2025 | 16.0% | +2.66pp | ||
| 2024 | 13.3% | +5.16pp | ||
| 2023 | 8.1% | -0.94pp | ||
| 2022 | 9.1% | -3.71pp | ||
| 2021 | 12.8% | +2.68pp | ||
| 2020 | 10.1% | +0.19pp | ||
| 2019 | 9.9% | +0.16pp | ||
| 2018 | 9.8% | +0.33pp | ||
| 2017 | 9.4% | -5.23pp | ||
| 2016 | 14.7% | -3.01pp | ||
| 2015 | 17.7% | -1.05pp | ||
| 2014 | 18.7% | -0.15pp | ||
| 2013 | 18.9% | +6.58pp | ||
| 2012 | 12.3% | +6.99pp | ||
| 2011 | 5.3% | -11.83pp | ||
| 2010 | 17.1% | -1.94pp | ||
| 2009 | 19.1% | +3.91pp | ||
| 2008 | 15.2% | -8.71pp | ||
| 2007 | 23.9% | +1.07pp | ||
| 2006 | 22.8% | +11.86pp | ||
| 2005 | 11.0% | +6.77pp | ||
| 2004 | 4.2% | -10.53pp | ||
| 2003 | 14.7% | +16.55pp | ||
| 2002 | -1.8% | +14.02pp | ||
| 2001 | -15.8% | -33.48pp | ||
| 2000 | 17.6% | +4.33pp | ||
| 1999 | 13.3% | +13.81pp | ||
| 1998 | -0.5% | -70.19pp | ||
| 1997 | 69.7% | -0.26pp | ||
| 1996 | 69.9% | +57.82pp | ||
| 1995 | 12.1% | +0.14pp | ||
| 1994 | 12.0% | -71.60pp | ||
| 1993 | 83.6% | +1.13pp | ||
| 1992 | 82.5% | -0.15pp | ||
| 1991 | 82.6% | +1.47pp | ||
| 1990 | 81.1% | -0.66pp | ||
| 1989 | 81.8% | +81.79pp | ||
| 1988 | 0.0% | 0.00pp | ||
| 1987 | 0.0% | 0.00pp | ||
| 1986 | 0.0% | -99.31pp | ||
| 1985 | 99.3% | — |
- 202516.0%+2.66pp
- 202413.3%+5.16pp
- 20238.1%-0.94pp
- 20229.1%-3.71pp
- 202112.8%+2.68pp
- 202010.1%+0.19pp
- 20199.9%+0.16pp
- 20189.8%+0.33pp
- 20179.4%-5.23pp
- 201614.7%-3.01pp
- 201517.7%-1.05pp
- 201418.7%-0.15pp
- 201318.9%+6.58pp
- 201212.3%+6.99pp
- 20115.3%-11.83pp
- 201017.1%-1.94pp
- 200919.1%+3.91pp
- 200815.2%-8.71pp
- 200723.9%+1.07pp
- 200622.8%+11.86pp
- 200511.0%+6.77pp
- 20044.2%-10.53pp
- 200314.7%+16.55pp
- 2002-1.8%+14.02pp
- 2001-15.8%-33.48pp
- 200017.6%+4.33pp
- 199913.3%+13.81pp
- 1998-0.5%-70.19pp
- 199769.7%-0.26pp
- 199669.9%+57.82pp
- 199512.1%+0.14pp
- 199412.0%-71.60pp
- 199383.6%+1.13pp
- 199282.5%-0.15pp
- 199182.6%+1.47pp
- 199081.1%-0.66pp
- 198981.8%+81.79pp
- 19880.0%0.00pp
- 19870.0%0.00pp
- 19860.0%-99.31pp
- 198599.3%—
Operating Margin values are taken from Travelers Companies'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 Travelers Companies (TRV)
According to Travelers Companies's latest reported financial statements, the company's latest reported operating margin is 19.3%. 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 .
As of the 2025 fiscal year, Travelers Companies (TRV) reported operating margin of 15.97% – expanded 2.7 percentage points year-over-year.
The record annual operating margin stands at 99.31%, reached in 1985; the historical low of -15.84% was recorded in 2001.
Travelers Companies Operating Margin by Year
Travelers Companies Operating Margin 2025: 16.0%
Travelers Companies posted operating margin of 15.97% in 2025, expanded 2.7 percentage points from 2024.
Travelers Companies Operating Margin 2024: 13.3%
In 2024, Travelers Companies reported operating margin of 13.31%, expanded 5.2 percentage points from 2023.
Travelers Companies Operating Margin 2023: 8.1%
Travelers Companies operating margin in 2023 was 8.15%, contracted 0.9 percentage points from 2022.
Travelers Companies Operating Margin 2022: 9.1%
2022's operating margin for Travelers Companies came in at 9.09%, contracted 3.7 percentage points from 2021.
Travelers Companies Operating Margin 2021: 12.8%
Travelers Companies operating margin in 2021 was 12.80%.
See more financial history for Travelers Companies (TRV).
Sector peers by Operating Margin
Financial Services peers of Travelers Companies (TRV), 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
Travelers Companies (TRV) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation