Baldwin Insurance (BWIN) Operating Margin (2019 - 2026)
Baldwin Insurance's (BWIN) quarterly Operating Margin came in at 1.69% in Q2 2026, down 907.0% year-over-year from 0.21% in Q2 2025, and up 91.1% quarter-over-quarter from 19.03% in Q1 2026.
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Baldwin Insurance (BWIN) Operating Margin (2019 - 2026) Analysis & Trends
Baldwin Insurance (BWIN) has reported Operating Margin for 8 consecutive years, with 1.69% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 907.0% year-over-year to 1.69% in Q2 2026; TTM through Jun 2026 was 6.88%, a 1331.0% decrease from a year earlier, with the FY2025 full-year figure at 4.91%, up 55.0% from the prior year.
- Operating Margin was 1.69% for Q2 2026 at Baldwin Insurance, up from 19.03% in the prior quarter.
- Over five years, Operating Margin peaked at 13246.0% in Q1 2022 and troughed at 5971.0% in Q3 2022.
- A 5-year average of 757.06% and a median of 0.45% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 1087175 bps in 2022 and tumbled 1324490 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 6.78% in 2022, then slumped by 54 bps to 10.44% in 2023, then jumped by 84 bps to 1.66% in 2024, then tumbled by 130 bps to 3.81% in 2025, then surged by 56 bps to 1.69% in 2026.
- The last three Operating Margin figures came in at 1.69% (Q2 2026), 19.03% (Q1 2026), and 3.81% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 88.77 Bn | 76.82 Bn | 6.04 Bn | 25.65% |
| 2 | Aon | 68.55 Bn | 67.31 Bn | - | 21.55% |
| 3 | Arthur J. Gallagher | 67.32 Bn | 65.96 Bn | - | - |
| 4 | Willis Towers Watson | 31.09 Bn | 29.51 Bn | 2.09 Bn | 14.76% |
| 5 | Brown & Brown | 23.57 Bn | 22.68 Bn | 1.41 Bn | 6.68% |
| 6 | XChange TEC.INC | 16.98 Bn | 16.98 Bn | - | - |
| 7 | Erie Indemnity | 11.68 Bn | 11.33 Bn | - | 18.73% |
| 8 | Ryan Specialty Holdings | 10.71 Bn | 11.08 Bn | - | 19.67% |
| 9 | Hagerty | 4.65 Bn | 4.78 Bn | 244.11 Mn | 3.10% |
| 10 | Baldwin Insurance | 4.31 Bn | 4.66 Bn | - | -1.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.69% |
| Mar 31, 2026 | -19.03% |
| Dec 31, 2025 | -3.81% |
| Sep 30, 2025 | 0.88% |
| Jun 30, 2025 | 7.38% |
| Mar 31, 2025 | 13.55% |
| Dec 31, 2024 | -1.66% |
| Sep 30, 2024 | 4.55% |
| Jun 30, 2024 | 4.84% |
| Mar 31, 2024 | 9.01% |
| Dec 31, 2023 | -10.44% |
| Sep 30, 2023 | 0.03% |
| Jun 30, 2023 | -5.56% |
| Mar 31, 2023 | 1.10% |
| Dec 31, 2022 | -6.78% |
| Sep 30, 2022 | -5,971.00% |
| Jun 30, 2022 | 6,359.75% |
| Mar 31, 2022 | 13,246.00% |
| Dec 31, 2021 | -6.68% |
| Sep 30, 2021 | -5,727.67% |