Observation
Across 2 eligible financials companies, the equal-weight median operating margin was 46.98% for the latest selected annual periods.
Data context
The eligible sample covers 2 of 15 selected companies. The latest selected annual periods span 2025-12-31 to 2025-12-31. Companies have different fiscal year ends. This is a cross-sectional research sample, not a calendar-year index or a representation of the full sector.
Company evidence
BLK 29.09% (period 2025-12-31); CME 64.86% (period 2025-12-31).
Distribution
The sample range is 29.09% (BLK) to 64.86% (CME). The median is computed across company ratios with equal weight; it is not a ratio of aggregate totals. Extreme values can reflect a small denominator or unusual accounting items.
Interpretation
Banks, insurers, exchanges and asset managers earn income through different balance-sheet and fee models. Conventional industrial cash-flow ratios may not be economically comparable. The numerator is operatingIncome; the denominator is revenue. Only positive denominators and disclosed numerators qualify. No missing value is replaced with zero.
What to watch
Net interest income, credit provisions, fee income, underwriting results and capital adequacy.
Research limitations
Credit losses, deposit pricing, reserve assumptions, market liquidity and regulatory capital. The sample uses a September 18, 2026 source snapshot. It does not establish current market conditions, causal drivers or future returns. Sector labels are editorial and the financial-sector cash-flow measures need particular caution.
Sources & dates
- BLK · period 2025-12-31 ↗Source date 2026-02-25
- CME · period 2025-12-31 ↗Source date 2026-02-26