Top Financial Services Companies by Net Margin
Trailing-twelve-month net margin for the largest Financial Services filers, ranked in USD. Switch axes via the column headers.
How TTM margins are measured
Margins divide a profitability line by trailing-twelve-month revenue, expressed as a percentage. Each column on this page measures a different layer of the income statement — gross strips only direct production costs; operating subtracts overhead, R&D and D&A; EBITDA adds D&A back to operating; net subtracts interest and taxes; FCF replaces accrual profit with operating cash flow minus capex. Together they describe where a business actually makes its money.
Margins make capital-light franchises directly comparable to capital-heavy ones — a software filer with a 35% operating margin runs a different model than a global retailer at 6%. To compare absolute scale instead of percentages see the revenue ranking and net income ranking. Non-USD filers are ranked on USD-translated TTM lines so peers stay comparable. Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of (reported ).
Sector scopeFinancial ServicesChange sectorChange sector
Top financial services companies by net margin
Click a column header to re-order rows. Company names link to each ticker's profile page.
| # | |||||||
|---|---|---|---|---|---|---|---|
| 1 | CME Group (CME) | Financial Services | 86.3% | 65.6% | 84.2% | 62.8% | 64.1% |
| 2 | Brookfield Asset Management (BAM) | Financial Services | 84.6% | 65.8% | 64.1% | 51.5% | 31.8% |
| 3 | Visa (V) | Financial Services | 81.1% | 59.2% | 64.2% | 50.2% | 55.4% |
| 4 | Assured Guaranty (AGO) | Financial Services | 92.9% | 65.2% | 74.0% | 49.6% | 25.5% |
| 5 | Robinhood (HOOD) | Financial Services | 73.3% | 44.1% | 46.1% | 48.5% | 76.6% |
| 6 | Mastercard (MA) | Financial Services | 83.4% | 59.2% | 61.6% | 45.6% | 52.1% |
| 7 | Ares Capital (ARCC) | Financial Services | 70.8% | 66.2% | 77.8% | 43.7% | 43.5% |
| 8 | MSCI (MSCI) | Financial Services | 82.9% | 55.4% | 61.4% | 40.7% | 47.4% |
| 9 | Charles Schwab (SCHW) | Financial Services | 85.8% | 44.9% | 49.6% | 33.3% | 8.9% |
| 10 | Arch Capital Group (ACGL) | Financial Services | 40.0% | 28.3% | 30.2% | 31.8% | 40.0% |
| 11 | Moody's (MCO) | Financial Services | 69.7% | 44.2% | 50.2% | 31.7% | 38.0% |
| 12 | SEI Investments (SEIC) | Financial Services | 60.3% | 27.8% | 42.0% | 31.2% | 24.6% |
| 13 | S&P Global (SPGI) | Financial Services | 70.2% | 42.2% | 50.2% | 29.2% | 35.6% |
| 14 | T. Rowe Price (TROW) | Financial Services | 62.7% | 29.9% | 39.3% | 28.5% | 28.9% |
| 15 | United Bankshares (UBSI) | Financial Services | 67.4% | 34.8% | 34.8% | 27.5% | 26.5% |
| 16 | Intercontinental Exchange (ICE) | Financial Services | 61.9% | 38.7% | 52.7% | 26.1% | 33.9% |
| 17 | Commerce Bancshares (CBSH) | Financial Services | 80.7% | 34.0% | 36.2% | 26.1% | 25.8% |
| 18 | FactSet (FDS) | Financial Services | 51.9% | 31.2% | 39.0% | 24.5% | 28.4% |
| 19 | BlackRock (BLK) | Financial Services | 59.1% | 29.9% | 38.1% | 24.3% | 14.0% |
| 20 | M&T Bank (MTB) | Financial Services | 75.3% | 30.7% | 31.8% | 23.7% | 23.8% |
| 21 | Cboe Global Markets (CBOE) | Financial Services | 50.9% | 31.7% | 36.2% | 23.3% | 24.4% |
| 22 | Nasdaq (NDAQ) | Financial Services | 54.8% | 29.5% | 37.7% | 23.1% | 24.2% |
| 23 | Regions Financial (RF) | Financial Services | 75.8% | 29.5% | 30.1% | 23.1% | 22.3% |
| 24 | PNC Financial Services Group (PNC) | Financial Services | 71.9% | 27.5% | 27.5% | 22.5% | 18.4% |
| 25 | Cullen/Frost Bankers (CFR) | Financial Services | 75.0% | 26.4% | 29.4% | 22.2% | 7.9% |
| 26 | Aon (AON) | Financial Services | 55.9% | 26.0% | 38.1% | 21.5% | 18.7% |
| 27 | Cincinnati Financial (CINF) | Financial Services | 50.3% | 26.7% | 28.2% | 21.3% | 26.7% |
| 28 | RenaissanceRe Holdings (RNR) | Financial Services | 40.7% | 31.5% | 32.5% | 21.0% | 29.0% |
| 29 | Aflac (AFL) | Financial Services | 38.7% | 26.3% | 31.8% | 21.0% | 14.7% |
| 30 | RLI (RLI) | Financial Services | 37.5% | 26.7% | 27.0% | 20.8% | 29.0% |
| 31 | JPMorgan Chase (JPM) | Financial Services | 60.9% | 26.2% | 28.6% | 20.7% | 35.4% |
| 32 | Blackstone (BX) | Financial Services | 87.5% | 48.8% | 49.2% | 20.4% | 23.2% |
| 33 | Ameriprise Financial (AMP) | Financial Services | 51.6% | 27.4% | 27.7% | 20.2% | 15.0% |
| 34 | Coinbase (COIN) | Financial Services | 77.1% | 11.2% | 27.6% | 19.6% | 37.7% |
| 35 | Globe Life (GL) | Financial Services | 38.1% | 24.9% | 26.5% | 19.4% | 20.6% |
| 36 | Chubb (CB) | Financial Services | 35.2% | 18.6% | 20.3% | 18.5% | 26.0% |
| 37 | Truist Financial (TFC) | Financial Services | 62.9% | 21.3% | 22.9% | 18.1% | 18.8% |
| 38 | Bank of America (BAC) | Financial Services | 63.2% | 22.9% | 23.9% | 18.1% | 7.2% |
| 39 | Synchrony Financial (SYF) | Financial Services | 61.1% | 22.9% | 24.8% | 18.1% | 49.4% |
| 40 | Berkshire Hathaway (BRK-B) | Financial Services | 31.5% | 13.3% | 23.5% | 18.0% | 6.7% |
| 41 | U.S. Bancorp (USB) | Financial Services | 62.8% | 23.2% | 23.8% | 18.0% | 18.4% |
| 42 | Brown & Brown (BRO) | Financial Services | 59.4% | 26.8% | 33.7% | 17.9% | 23.0% |
| 43 | Citizens Financial Group (CFG) | Financial Services | 71.1% | 22.3% | 24.4% | 17.5% | 18.1% |
| 44 | KeyCorp (KEY) | Financial Services | 64.2% | 22.2% | 22.3% | 17.3% | 18.7% |
| 45 | Wells Fargo (WFC) | Financial Services | 64.5% | 20.5% | 25.1% | 17.3% | -15.1% |
| 46 | Huntington Bancshares (HBAN) | Financial Services | 62.6% | 20.2% | 21.6% | 16.6% | 17.1% |
| 47 | Willis Towers Watson Public Limited (WTW) | Financial Services | 42.1% | 23.0% | 27.3% | 16.5% | 16.0% |
| 48 | Goldman Sachs (GS) | Financial Services | 55.5% | 20.5% | 22.5% | 16.3% | -42.6% |
| 49 | Fifth Third Bank (FITB) | Financial Services | 66.6% | 20.2% | 22.2% | 15.9% | 31.8% |
| 50 | UMB Financial (UMBF) | Financial Services | 54.4% | 20.3% | 23.9% | 15.8% | 22.0% |
| 51 | PayPal (PYPL) | Financial Services | 46.6% | 18.3% | 23.2% | 15.8% | 16.8% |
| 52 | Atlantic Union Bankshares (AUB) | Financial Services | 63.0% | 19.7% | 21.9% | 15.8% | 101.0% |
| 53 | Federal Agricultural Mortgage (AGM) | Financial Services | 29.5% | 19.4% | 19.4% | 15.7% | 6.1% |
| 54 | AXIS Capital Holdings (AXS) | Financial Services | 36.1% | 19.0% | 21.7% | 15.7% | -0.6% |
| 55 | Travelers Companies (TRV) | Financial Services | 44.0% | 19.3% | 21.6% | 15.5% | 23.4% |
| 56 | Allstate (ALL) | Financial Services | 33.2% | 19.8% | 21.1% | 15.5% | 14.9% |
| 57 | Morgan Stanley (MS) | Financial Services | 58.0% | 19.5% | 22.6% | 15.1% | -14.9% |
| 58 | Apollo Global Management (APO) | Financial Services | 88.5% | 34.4% | 34.6% | 14.8% | 17.8% |
| 59 | Bank of New York Mellon (BK) | Financial Services | 50.5% | 18.6% | 22.0% | 14.7% | 12.7% |
| 60 | Marsh & McLennan Companies (MRSH) | Financial Services | 42.4% | 21.7% | 24.3% | 14.3% | 17.9% |
| 61 | The Hartford (HIG) | Financial Services | 47.0% | 17.5% | 19.6% | 14.1% | 20.2% |
| 62 | American Express (AXP) | Financial Services | 83.5% | 20.7% | 22.3% | 13.6% | 17.4% |
| 63 | State Street (STT) | Financial Services | 63.3% | 17.0% | 19.1% | 13.5% | 12.0% |
| 64 | Erie Indemnity (ERIE) | Financial Services | 21.5% | 16.9% | 17.5% | 13.2% | 12.4% |
| 65 | Raymond James Financial (RJF) | Financial Services | 89.2% | 16.9% | 17.5% | 13.1% | 9.1% |
| 66 | Principal Financial Group (PFG) | Financial Services | 47.7% | 11.5% | 11.5% | 12.9% | 36.8% |
| 67 | Progressive (PGR) | Financial Services | 28.4% | 16.3% | 16.9% | 12.9% | 19.2% |
| 68 | W. R. Berkley (WRB) | Financial Services | 26.1% | 16.2% | 16.6% | 12.6% | 23.1% |
| 69 | KKR & Co. (KKR) | Financial Services | 22.5% | 12.3% | 53.7% | 12.4% | 39.5% |
| 70 | American International Group (AIG) | Financial Services | 34.5% | 14.5% | 28.9% | 11.6% | 12.4% |
| 71 | Old Republic International (ORI) | Financial Services | 51.1% | 13.8% | 14.3% | 10.9% | 12.4% |
| 72 | Arthur J. Gallagher & (AJG) | Financial Services | 54.8% | 18.3% | 26.3% | 10.7% | 12.8% |
| 73 | American Financial Group (AFG) | Financial Services | 24.2% | 13.2% | 15.2% | 10.3% | 17.9% |
| 74 | SoFi Technologies (SOFI) | Financial Services | 68.7% | 17.5% | 28.9% | 10.1% | -54.8% |
| 75 | Interactive Brokers (IBKR) | Financial Services | 91.7% | 86.8% | 88.7% | 9.8% | 148.2% |
| 76 | Citigroup (C) | Financial Services | 45.5% | 12.8% | 14.1% | 9.3% | -56.7% |
| 77 | Everest Re Group (EG) | Financial Services | 20.5% | 11.3% | 11.9% | 9.2% | 18.1% |
| 78 | Loews (L) | Financial Services | 43.9% | 12.6% | 15.0% | 9.2% | 16.3% |
| 79 | Mercury General (MCY) | Financial Services | 33.9% | 11.1% | 12.8% | 9.0% | 17.2% |
| 80 | Ares Management (ARES) | Financial Services | 58.3% | 19.7% | 37.3% | 9.0% | 26.3% |
| 81 | Franklin Resources (BEN) | Financial Services | 73.8% | 9.3% | 19.6% | 9.0% | 10.4% |
| 82 | Ally Financial (ALLY) | Financial Services | 48.9% | 11.1% | 17.7% | 8.9% | -3.4% |
| 83 | Assurant (AIZ) | Financial Services | 77.2% | 8.5% | 11.3% | 6.8% | 12.5% |
| 84 | Prudential Financial (PRU) | Financial Services | 31.1% | 7.6% | 7.8% | 5.9% | 10.3% |
| 85 | Upstart Holdings (UPST) | Financial Services | 95.2% | 5.1% | 7.4% | 5.0% | -15.4% |
| 86 | MetLife (MET) | Financial Services | 25.6% | 6.1% | 7.5% | 4.4% | 23.8% |
| 87 | Capital One Financial (COF) | Financial Services | 48.3% | 4.3% | 10.2% | 4.3% | 36.9% |
| 88 | Brookfield (BN) | Financial Services | 38.8% | 28.6% | 43.0% | 1.7% | -3.7% |
| 89 | StoneX Group (SNEX) | Financial Services | 2.0% | 1.5% | 1.5% | 0.3% | 2.5% |
| 90 | Invesco (IVZ) | Financial Services | 43.2% | -10.9% | 21.6% | -4.4% | 29.5% |
Sorted by Net Margin · Ranks (#) are among the loaded leaderboard rows, not worldwide.