Ryan Specialty Holdings RYAN
NYSE RYAN
$39.45 -1.42 (-3.47%)
As of: Sep 9, 2026 · 3:59 PM EDT

Ryan Specialty Holdings (RYAN) Operating Margin (2020 - 2026)

Ryan Specialty Holdings' (RYAN) quarterly Operating Margin came in at 19.67% in Q2 2026, down 267.0% year-over-year from 11.78% in Q2 2025, and up 65.37% quarter-over-quarter from 11.9% in Q1 2026.

Analysis

Ryan Specialty Holdings (RYAN) Operating Margin (2020 - 2026) Analysis & Trends

Ryan Specialty Holdings (RYAN) has reported Operating Margin for 7 consecutive years, with 19.67% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Margin fell 267.0% year-over-year to 19.67% in Q2 2026; TTM through Jun 2026 was 14.83%, a 230.0% decrease from a year earlier, with the FY2025 full-year figure at 16.18%, down 83.0% from the prior year.
  • Operating Margin was 19.67% for Q2 2026 at Ryan Specialty Holdings, up from 11.9% in the prior quarter.
  • Over five years, Operating Margin peaked at 23.64% in Q2 2024 and troughed at 11.21% in Q1 2022.
  • A 5-year average of 16.45% and a median of 15.1% in 2022 frame the typical range for Operating Margin.
  • Across the five-year window, Operating Margin surged 1510 bps in 2022 and slumped 429 bps in 2025, its largest moves.
  • Over 5 years, Operating Margin stood at 18.22% in 2022, then declined by 1 bps to 18.08% in 2023, then declined by 9 bps to 16.48% in 2024, then decreased by 26 bps to 12.19% in 2025, then soared by 61 bps to 19.67% in 2026.
  • The last three Operating Margin figures came in at 19.67% (Q2 2026), 11.9% (Q1 2026), and 12.19% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Marsh & Mclennan Companies 88.77 Bn 76.82 Bn 6.04 Bn 25.65%
2 Aon 68.55 Bn 67.31 Bn - 21.55%
3 Arthur J. Gallagher 67.32 Bn 65.96 Bn - -
4 Willis Towers Watson 31.09 Bn 29.51 Bn 2.09 Bn 14.76%
5 Brown & Brown 23.57 Bn 22.68 Bn 1.41 Bn 6.68%
6 XChange TEC.INC 16.98 Bn 16.98 Bn - -
7 Erie Indemnity 11.68 Bn 11.33 Bn - 18.73%
8 Ryan Specialty Holdings 10.71 Bn 11.08 Bn - 19.67%
9 Hagerty 4.65 Bn 4.78 Bn 244.11 Mn 3.10%
10 Neptune Insurance Holdings 4.58 Bn 4.56 Bn - 47.52%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 19.67%
Mar 31, 2026 11.90%
Dec 31, 2025 12.19%
Sep 30, 2025 14.68%
Jun 30, 2025 22.34%
Mar 31, 2025 14.52%
Dec 31, 2024 16.48%
Sep 30, 2024 13.47%
Jun 30, 2024 23.64%
Mar 31, 2024 13.16%
Dec 31, 2023 18.08%
Sep 30, 2023 13.91%
Jun 30, 2023 20.99%
Mar 31, 2023 15.32%
Dec 31, 2022 18.22%
Sep 30, 2022 14.89%
Jun 30, 2022 21.48%
Mar 31, 2022 11.21%
Dec 31, 2021 14.60%
Sep 30, 2021 -0.21%