Open Lending (LPRO) Operating Margin (2019 - 2026)
Open Lending's (LPRO) quarterly Operating Margin came in at 3.09% in Q1 2026, down 621.0% year-over-year from 0.59% in Q1 2025, and down 178.94% quarter-over-quarter from 3.91% in Q4 2025.
Powered by 
Analysis
Open Lending (LPRO) Operating Margin (2019 - 2026) Analysis & Trends
Open Lending has disclosed Operating Margin across 8 years of filings, most recently posting 3.09% for Q1 2026.
- In Q1 2026, Operating Margin fell 621.0% year-over-year to 3.09%; the TTM figure through Mar 2026 stood at 7.17% (up 39991.0% YoY), while the FY2025 annual figure was 5.37%, up 26677.0% from the prior year.
- Operating Margin came in at 3.09% for Q1 2026 at Open Lending, down from 3.91% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 138.0% in Q4 2024 to a low of 55.41% in Q4 2023.
- Average Operating Margin over 5 years is 24.08%, with a median of 17.44% recorded in 2023.
- Year-over-year, Operating Margin surged 19341 bps in 2024 and slumped 13409 bps in 2025.
- Over 5 years, Operating Margin stood at 17.8% in 2022, then sank by 411 bps to 55.41% in 2023, then jumped by 349 bps to 138.0% in 2024, then slumped by 97 bps to 3.91% in 2025, then sank by 179 bps to 3.09% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 3.09% in Q1 2026, 3.91% in Q4 2025, and 31.86% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 4.01% |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 27.34% |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | 32.55% |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | 15.55% |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | 19.62% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -3.09% |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | -4.66% |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 34.29% |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | -33.47% |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 205.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -3.09% |
| Dec 31, 2025 | 3.91% |
| Sep 30, 2025 | -31.86% |
| Jun 30, 2025 | 4.65% |
| Mar 31, 2025 | 3.12% |
| Dec 31, 2024 | 138.00% |
| Sep 30, 2024 | 7.95% |
| Jun 30, 2024 | 14.93% |
| Mar 31, 2024 | 23.82% |
| Dec 31, 2023 | -55.41% |
| Sep 30, 2023 | 17.44% |
| Jun 30, 2023 | 41.20% |
| Mar 31, 2023 | 44.57% |
| Dec 31, 2022 | 17.80% |
| Sep 30, 2022 | 54.86% |
| Jun 30, 2022 | 63.04% |
| Mar 31, 2022 | 64.40% |
| Dec 31, 2021 | 68.23% |
| Sep 30, 2021 | 69.18% |
| Jun 30, 2021 | 73.42% |