Ryan Specialty Holdings (RYAN) Operating Margin (2020 - 2026)
Ryan Specialty Holdings (RYAN) posted quarterly Operating Margin of 19.67% for Q2 2026, down 267.0% year-over-year from 11.78% in Q2 2025, and up 65.37% on a QoQ basis from 11.9% in Q1 2026.
Ryan Specialty Holdings (RYAN) Operating Margin (2020 - 2026) Analysis & Trends
Ryan Specialty Holdings has reported Operating Margin for 7 years, with the latest figure at 19.67% in Q2 2026.
- Operating Margin for Q2 2026 came in at 19.67%, down 267.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 14.83% (down 230.0% YoY), and the FY2025 annual result was 16.18%, down 83.0% from the prior year.
- Operating Margin rose to 19.67% in Q2 2026, 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.
- The widest annual swing landed in 2022, when Operating Margin jumped 1510 bps; it then sank 429 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 18.22% in 2022, then retreated by 1 bps to 18.08% in 2023, then retreated by 9 bps to 16.48% in 2024, then dropped by 26 bps to 12.19% in 2025, then surged by 61 bps to 19.67% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 19.67% in Q2 2026, 11.9% in Q1 2026, and 12.19% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 20.02% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 8.68% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | -35.20% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 23.07% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 20.13% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 16.99% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 19.67% |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 12.99% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 16.14% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 50.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.67% |
| Mar 31, 2026 | 11.90% |
| Dec 31, 2025 | 13.18% |
| Sep 30, 2025 | 14.98% |
| Jun 30, 2025 | 22.72% |
| Mar 31, 2025 | 14.82% |
| Dec 31, 2024 | 18.11% |
| Sep 30, 2024 | 13.85% |
| Jun 30, 2024 | 24.16% |
| Mar 31, 2024 | 13.51% |
| Dec 31, 2023 | 19.99% |
| Sep 30, 2023 | 14.33% |
| 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% |