Trupanion (TRUP) Net Margin (2013 - 2026)
Trupanion (TRUP) reported Net Margin of 1.27% for Q1 2026, up 170.0% on a YoY basis from 0.47% in Q1 2025, and down 14.95% quarter-over-quarter from 1.49% in Q4 2025.
Trupanion (TRUP) Net Margin (2013 - 2026) Analysis & Trends
Trupanion has reported Net Margin for 14 years, with the latest figure at 1.27% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 170.0% year-over-year to 1.27%; the trailing twelve-month figure through Mar 2026 stood at 1.74% (up 206.0% YoY), and the FY2025 full-year result was 1.35%, up 210.0% from the prior year.
- Net Margin for Q1 2026 stood at 1.27%, down from 1.49% in the prior quarter.
- The five-year high for Net Margin was 2.66% in Q2 2025, with the low at 9.67% in Q1 2023.
- Historically, Net Margin has averaged 1.96% across 5 years, with a median of 1.41% in 2023.
- Annual changes were most pronounced in 2023 — Net Margin tumbled 537 bps — and 2024, when it soared 743 bps.
- Trupanion's Net Margin stood at 3.77% in 2022, then surged by 81 bps to 0.73% in 2023, then soared by 167 bps to 0.49% in 2024, then soared by 204 bps to 1.49% in 2025, then dropped by 15 bps to 1.27% in 2026.
- The last three Net Margin figures came in at 1.27% (Q1 2026), 1.49% (Q4 2025), and 1.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 15.89% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 12.70% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 14.35% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 14.33% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 13.97% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 10.52% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | -5.76% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | 41.26% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 9.85% |
| 10 | Trupanion | 957.12 Mn | 573.46 Mn | 61.49 Mn | 1.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.27% |
| Dec 31, 2025 | 1.49% |
| Sep 30, 2025 | 1.60% |
| Jun 30, 2025 | 2.66% |
| Mar 31, 2025 | -0.43% |
| Dec 31, 2024 | 0.49% |
| Sep 30, 2024 | 0.44% |
| Jun 30, 2024 | -1.86% |
| Mar 31, 2024 | -2.24% |
| Dec 31, 2023 | -0.73% |
| Sep 30, 2023 | -1.41% |
| Jun 30, 2023 | -5.07% |
| Mar 31, 2023 | -9.67% |
| Dec 31, 2022 | -3.77% |
| Sep 30, 2022 | -5.52% |
| Jun 30, 2022 | -6.21% |
| Mar 31, 2022 | -4.30% |
| Dec 31, 2021 | -3.62% |
| Sep 30, 2021 | -3.75% |
| Jun 30, 2021 | -5.48% |