Lemonade (LMND) Operating Margin (2019 - 2026)

Lemonade's Operating Margin history runs 8 years deep, the most recent figure standing at 3.8% for Q1 2026.

• In Q1 2026, Operating Margin fell 248.0% year-over-year to 3.8%; the TTM figure through Mar 2026 stood at 5.14% (down 307.0% YoY), while the FY2025 annual figure was 7.05%, down 213.0% from the prior year.
• Operating Margin for Q1 2026 stood at 3.8%, down from 5.13% in the prior quarter.
• The five-year high for Operating Margin was 90.24% in Q4 2022, with the low at 3.28% in Q1 2022.
• The 5-year median for Operating Margin is 6.28% (2025), against an average of 11.33%.
• The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 8670 bps in 2022, then sank 8178 bps in 2023.
• Lemonade's Operating Margin stood at 90.24% in 2022, then slumped by 91 bps to 8.46% in 2023, then rose by 10 bps to 9.29% in 2024, then tumbled by 45 bps to 5.13% in 2025, then retreated by 26 bps to 3.8% in 2026.
• Business Quant data shows LMND's Operating Margin at 3.8% in Q1 2026, 5.13% in Q4 2025, and 6.93% in Q3 2025.