Merchants Bancorp (MBIN) Net Margin (2016 - 2026)
Merchants Bancorp's Net Margin was 37.34% in Q2 2026, up 21.87 percentage points from 15.47% a year earlier and up 4.55 percentage points from the prior quarter.
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Analysis
Merchants Bancorp (MBIN) Net Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Merchants Bancorp's Net Margin was 32.04% through Jun 30, 2026, up 0.81 percentage points year-over-year; for FY2025, it was 25.47%, down 16.82 percentage points from FY2024.
- Net Margin has now declined for four consecutive years, with a five-year change of -21.76 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 42.29% in FY2024 (-1.17 pp), 43.46% in FY2023 (-0.13 pp), 43.59% in FY2022 (-3.79 pp) and 47.37% in FY2021 (+0.15 pp).
- The Q2 2026 figure marks the highest quarterly Net Margin since Q4 2024.
- Compared with a year earlier, Net Margin was higher in three of the last eight quarters, with an average year-over-year change of -6.44 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q2 2026 (a gain of 21.87 percentage points); the worst was Q2 2025 (a drop of 26.43 percentage points).
- Per Business Quant data, MBIN's Net Margin in the three quarters before Q2 2026 was 32.79% (Q1 2026), 31.73% (Q4 2025) and 25.98% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 36.19% |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | - |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 27.72% |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 25.46% |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 32.50% |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 31.46% |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 27.23% |
| 10 | Merchants Bancorp | 2.28 Bn | -1.22 Bn | - | 37.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.34% |
| Mar 31, 2026 | 32.79% |
| Dec 31, 2025 | 31.73% |
| Sep 30, 2025 | 25.98% |
| Jun 30, 2025 | 15.47% |
| Mar 31, 2025 | 29.20% |
| Dec 31, 2024 | 43.83% |
| Sep 30, 2024 | 35.78% |
| Jun 30, 2024 | 41.90% |
| Mar 31, 2024 | 46.68% |
| Dec 31, 2023 | 43.33% |
| Sep 30, 2023 | 47.45% |
| Jun 30, 2023 | 41.80% |
| Mar 31, 2023 | 40.27% |
| Dec 31, 2022 | 40.85% |
| Sep 30, 2022 | 46.05% |
| Jun 30, 2022 | 43.35% |
| Mar 31, 2022 | 44.27% |
| Dec 31, 2021 | 43.78% |
| Sep 30, 2021 | 48.35% |
API Access
Merchants Bancorp Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MBIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MBIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MBIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();