Baldwin Insurance (BWIN) Operating Margin (2019 - 2026)
Baldwin Insurance (BWIN) reported Operating Margin of 19.15% for Q1 2026, down 3279.0% year-over-year from 0.6% in Q1 2025, and down 398.46% on a QoQ basis from 3.84% in Q4 2025.
Baldwin Insurance (BWIN) has 8 years of Operating Margin data on file, last reported at 19.15% in Q1 2026.
- Quarterly Operating Margin fell 3279.0% year-over-year to 19.15% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.71% (down 1060.0% YoY) and the FY2025 annual result came in at 4.95%, up 55.0% from the prior year.
- Operating Margin retreated to 19.15% in Q1 2026 per BWIN's latest filing, from 3.84% 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.
- The 5-year median for Operating Margin is 0.88% (2025), against an average of 977.73%.
- The widest annual swing landed in 2022, when Operating Margin surged 1087175 bps; it then plunged 1324490 bps in 2023.
- Tracing BWIN's Operating Margin over 5 years: stood at 6.78% in 2022, then sank by 55 bps to 10.52% in 2023, then soared by 96 bps to 0.4% in 2024, then slumped by 860 bps to 3.84% in 2025, then sank by 398 bps to 19.15% in 2026.
- Per Business Quant, the three latest BWIN Operating Margin figures stand at 19.15% (Q1 2026), 3.84% (Q4 2025), and 0.88% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 34.07% |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | - |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 18.96% |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 83.90% |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 9.32% |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 13.68% |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | -19.15% |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 16.11% |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 16.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.15% |
| Dec 31, 2025 | -3.84% |
| Sep 30, 2025 | 0.88% |
| Jun 30, 2025 | 1,090.55% |
| Mar 31, 2025 | 13.65% |
| Dec 31, 2024 | -0.40% |
| Sep 30, 2024 | 413.25% |
| Jun 30, 2024 | 4.88% |
| Mar 31, 2024 | 1,508.50% |
| Dec 31, 2023 | -10.52% |
| 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% |
| Jun 30, 2021 | -4,512.00% |
| Mar 31, 2021 | 18,475.00% |
| Sep 30, 2020 | -3,705.56% |
| Jun 30, 2020 | -4,128.48% |
| Mar 31, 2020 | 2,228.57% |
| Sep 30, 2019 | 44.67% |
| Jun 30, 2019 | 21.42% |
| Mar 31, 2019 | 241.11% |