Baldwin Insurance (BWIN) Operating Margin (2019 - 2026)
Baldwin Insurance (BWIN) posted quarterly Operating Margin of 1.69% for 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.
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.
- In Q2 2026, Operating Margin fell 907.0% year-over-year to 1.69%; the TTM figure through Jun 2026 stood at 6.88% (down 1331.0% YoY), while the FY2025 annual figure was 4.91%, up 55.0% from the prior year.
- Operating Margin advanced to 1.69% in Q2 2026 per BWIN's latest filing, from 19.03% in the prior quarter.
- Across five years, Operating Margin topped out at 13246.0% in Q1 2022 and bottomed at 5971.0% in Q3 2022.
- Historically, Operating Margin has averaged 757.06% across 5 years, with a median of 0.45% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 1087175 bps — and 2023, when it slumped 1324490 bps.
- Baldwin Insurance's Operating Margin stood at 6.78% in 2022, then slumped by 54 bps to 10.44% in 2023, then soared by 84 bps to 1.66% in 2024, then tumbled by 130 bps to 3.81% in 2025, then jumped by 56 bps to 1.69% in 2026.
- Business Quant data shows BWIN's Operating Margin at 1.69% in Q2 2026, 19.03% in Q1 2026, and 3.81% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 25.65% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 21.55% |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | - |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 14.76% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 6.68% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 18.73% |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 47.52% |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 2.02% |
| 10 | Baldwin Insurance | 2.90 Bn | 2.72 Bn | - | -1.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.69% |
| Mar 31, 2026 | -3,001.36% |
| Dec 31, 2025 | -0.89% |
| Sep 30, 2025 | 0.89% |
| Jun 30, 2025 | 7.43% |
| Mar 31, 2025 | 1,949.10% |
| Dec 31, 2024 | -1.72% |
| Sep 30, 2024 | 4.60% |
| Jun 30, 2024 | 4.84% |
| Mar 31, 2024 | 9.01% |
| Dec 31, 2023 | -2.45% |
| Sep 30, 2023 | 4.22% |
| Jun 30, 2023 | -5.59% |
| 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 | 5,408.14% |
| Sep 30, 2021 | -5,727.67% |