Metlife (MET) Operating Margin (2009 - 2026)
Metlife's Operating Margin came in at -53.77% for Q2 2026, up 2.67 percentage points from -56.44% a year earlier and up 0.52 percentage points from the prior quarter.
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Analysis
Metlife (MET) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Metlife reported Operating Margin of -57.27%, down 2.44 percentage points year-over-year; for FY2025, it was -58.45%, down 3.36 percentage points from FY2024.
- Operating Margin carries a five-year change of -7.55 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -55.09% in FY2024 (+8.33 pp), -63.42% in FY2023 (-0.68 pp), -62.74% in FY2022 (-12.37 pp) and -50.37% in FY2021 (+0.54 pp).
- The five-year range for quarterly Operating Margin is -72.65% (Q3 2022) to -45.42% (Q4 2022).
- Year-over-year, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +1.39 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2024 (a gain of 20.13 percentage points), and the weakest in Q2 2022 (a drop of 42.13 percentage points).
- Business Quant data shows MET's Operating Margin at -54.30% (Q1 2026), -65.76% (Q4 2025) and -52.76% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,262.51 Bn | -171.64 Bn | 56.71 Bn | -32.86% |
| 2 | Chubb | 144.77 Bn | 90.41 Bn | 8.67 Bn | 22.27% |
| 3 | Progressive | 137.14 Bn | 112.66 Bn | 8.29 Bn | 14.33% |
| 4 | Marsh & Mclennan Companies | 99.23 Bn | 91.39 Bn | - | 17.70% |
| 5 | Travelers Companies | 83.36 Bn | 60.84 Bn | 5.93 Bn | 20.04% |
| 6 | Manulife Financial | 74.78 Bn | -20.73 Bn | - | - |
| 7 | Arthur J. Gallagher | 73.26 Bn | 67.85 Bn | 3.33 Bn | 17.18% |
| 8 | Aon | 72.01 Bn | 51.21 Bn | - | 19.73% |
| 9 | Allstate | 67.32 Bn | 24.39 Bn | -9.85 Bn | -3.13% |
| 10 | Metlife | 64.77 Bn | -43.48 Bn | 9.05 Bn | 25.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.34% |
| Jun 30, 2026 | 21.42% |
| Mar 31, 2026 | 16.68% |
| Dec 31, 2025 | 14.53% |
| Sep 30, 2025 | 21.72% |
| Jun 30, 2025 | 19.49% |
| Mar 31, 2025 | 16.16% |
| Dec 31, 2024 | 18.18% |
| Sep 30, 2024 | 21.86% |
| Jun 30, 2024 | 17.97% |
| Mar 31, 2024 | 20.77% |
| Dec 31, 2023 | 18.27% |
| Sep 30, 2023 | 15.49% |
| Jun 30, 2023 | 15.76% |
| Mar 31, 2023 | 15.44% |
| Dec 31, 2022 | 24.94% |
| Sep 30, 2022 | 11.97% |
| Jun 30, 2022 | 11.25% |
| Mar 31, 2022 | 18.09% |
| Dec 31, 2021 | 18.45% |
API Access
Metlife Operating 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=operating-margin&ticker=MET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();