Lemonade (LMND) Operating Margin (2019 - 2026)
Lemonade (LMND) posted quarterly Operating Margin of 4.61% for Q1 2026, down 167.0% year-over-year from 6.88% in Q1 2025, and up 90.95% on a QoQ basis from 2.41% in Q4 2025.
Lemonade (LMND) Operating Margin (2019 - 2026) Analysis & Trends
Lemonade (LMND) has reported Operating Margin for 8 consecutive years, with 4.61% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 167.0% year-over-year to 4.61%; the TTM figure through Mar 2026 stood at 4.0% (down 293.0% YoY), while the FY2025 annual figure was 5.12%, down 134.0% from the prior year.
- Operating Margin came in at 4.61% for Q1 2026 at Lemonade, up from 2.41% in the prior quarter.
- The five-year high for Operating Margin was 90.24% in Q4 2022, with the low at 2.03% in Q1 2022.
- Average Operating Margin over 5 years is 10.31%, with a median of 5.35% recorded in 2023.
- Across the five-year window, Operating Margin surged 8670 bps in 2022 and sank 8667 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 90.24% in 2022, then slumped by 96 bps to 3.58% in 2023, then jumped by 77 bps to 6.32% in 2024, then tumbled by 62 bps to 2.41% in 2025, then jumped by 91 bps to 4.61% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 4.61%, 2.41%, and 4.99% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | -7.70% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | -46.25% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 11.57% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 12.21% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 8.45% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 5.54% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | 71.45% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 10.48% |
| 10 | Lemonade | 5.29 Bn | 4.89 Bn | 146.50 Mn | 4.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.61% |
| Dec 31, 2025 | 2.41% |
| Sep 30, 2025 | 4.99% |
| Jun 30, 2025 | 5.73% |
| Mar 31, 2025 | 6.28% |
| Dec 31, 2024 | 6.32% |
| Sep 30, 2024 | 9.30% |
| Jun 30, 2024 | 6.64% |
| Mar 31, 2024 | 9.00% |
| Dec 31, 2023 | 3.58% |
| Sep 30, 2023 | 6.11% |
| Jun 30, 2023 | 5.35% |
| Mar 31, 2023 | 5.25% |
| Dec 31, 2022 | 90.24% |
| Sep 30, 2022 | 3.51% |
| Jun 30, 2022 | 3.85% |
| Mar 31, 2022 | 2.03% |
| Dec 31, 2021 | 3.54% |
| Sep 30, 2021 | 1.68% |
| Jun 30, 2021 | 0.71% |