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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on Sales

Lemonade (LMND) Operating Margin (2019 - 2025)

Lemonade has reported Operating Margin over the past 7 years, most recently at 34.72% for Q4 2025.

  • Quarterly results put Operating Margin at 34.72% for Q4 2025, up 2543.0% from a year ago — trailing twelve months through Dec 2025 was 7.72% (down 4.0% YoY), and the annual figure for FY2025 was 7.05%, down 213.0%.
  • Operating Margin for Q4 2025 was 34.72% at Lemonade, up from 4.99% in the prior quarter.
  • Over the last five years, Operating Margin for LMND hit a ceiling of 34.72% in Q4 2025 and a floor of 1.17% in Q4 2021.
  • Median Operating Margin over the past 5 years was 5.49% (2023), compared with a mean of 6.7%.
  • Peak annual rise in Operating Margin hit 2543bps in 2025, while the deepest fall reached -431bps in 2025.
  • Lemonade's Operating Margin stood at 1.17% in 2021, then skyrocketed by 400bps to 5.85% in 2022, then plummeted by -39bps to 3.58% in 2023, then soared by 160bps to 9.29% in 2024, then soared by 274bps to 34.72% in 2025.
  • The last three reported values for Operating Margin were 34.72% (Q4 2025), 4.99% (Q3 2025), and 5.73% (Q2 2025) per Business Quant data.