Growth Metrics

Lemonade (LMND) Operating Margin (2019 - 2026)

Lemonade has reported Operating Margin over the past 8 years, most recently at 4.61% for Q1 2026.

  • For Q1 2026, Operating Margin fell 167.0% year-over-year to 4.61%; the TTM value through Mar 2026 reached 4.0%, down 293.0%, while the annual FY2025 figure was 5.12%, 134.0% down from the prior year.
  • Operating Margin for Q1 2026 was 4.61% at Lemonade, up from 2.41% in the prior quarter.
  • Over five years, Operating Margin peaked at 90.24% in Q4 2022 and troughed at 2.03% in Q1 2022.
  • A 5-year average of 10.31% and a median of 5.35% in 2023 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: surged 8670bps in 2022 and later tumbled -8667bps in 2023.
  • Year by year, Operating Margin stood at 90.24% in 2022, then plummeted by -96bps to 3.58% in 2023, then soared by 77bps to 6.32% in 2024, then plummeted by -62bps to 2.41% in 2025, then soared by 91bps to 4.61% in 2026.
  • Business Quant data shows Operating Margin for LMND at 4.61% in Q1 2026, 2.41% in Q4 2025, and 4.99% in Q3 2025.