Neptune Insurance Holdings (NP) Operating Margin (2024 - 2026)
Neptune Insurance Holdings (NP) posted Operating Margin of 47.52% for Q2 2026, up 33.63% sequentially from 35.56% in Q1 2026, and down 309.0% YoY from 22.74% in Q2 2025.
Neptune Insurance Holdings (NP) Operating Margin (2024 - 2026) Analysis & Trends
Neptune Insurance Holdings has reported Operating Margin for 3 years, with the latest figure at 47.52% in Q2 2026.
- Quarterly Operating Margin fell 309.0% year-over-year to 47.52% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 40.72% (down 1421.0% YoY) and the FY2025 annual result came in at 44.47%, down 1290.0% from the prior year.
- Operating Margin advanced to 47.52% in Q2 2026 per NP's latest filing, from 35.56% in the prior quarter.
- Over five years, Operating Margin peaked at 58.57% in Q3 2024 and troughed at 30.48% in Q4 2025.
- A 3-year average of 47.63% and a median of 49.07% in 2025 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2025 and 2026: Operating Margin slumped 2790 bps in 2025, then sank 309 bps in 2026.
- Over 3 years, Operating Margin stood at 58.38% in 2024, then slumped by 48 bps to 30.48% in 2025, then surged by 56 bps to 47.52% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 47.52%, 35.56%, and 30.48% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 25.65% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 21.55% |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | - |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 14.76% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 6.68% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 18.73% |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 47.52% |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 2.02% |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.52% |
| Mar 31, 2026 | 35.56% |
| Dec 31, 2025 | 30.48% |
| Sep 30, 2025 | 46.66% |
| Jun 30, 2025 | 50.61% |
| Mar 31, 2025 | 53.24% |
| Dec 31, 2024 | 58.38% |
| Sep 30, 2024 | 58.57% |