Trupanion (TRUP) Net Margin (2013 - 2026)
Trupanion (TRUP) recorded Net Margin of 1.74% in Q2 2026, down 0.92 percentage points from 2.66% a year earlier but up 0.47 percentage points from the prior quarter.
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Analysis
Trupanion (TRUP) Net Margin (2013 - 2026) Analysis & Trends
On a TTM basis, Trupanion's Net Margin came in at 1.53% as of Jun 30, 2026, up 0.72 percentage points year-over-year; for FY2025, it was 1.35%, up 2.10 percentage points from FY2024.
- Annual Net Margin has increased for four straight years, with a five-year change of +2.51 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -0.75% in FY2024 (+3.28 pp), -4.03% in FY2023 (+0.90 pp), -4.94% in FY2022 (+0.15 pp) and -5.08% in FY2021 (-3.92 pp).
- Quarterly Net Margin has ranged from -9.67% in Q1 2023 to 2.66% in Q2 2025 over the past five years.
- On a year-over-year basis, Net Margin rose in seven of the last eight quarters, with an average year-over-year change of +1.54 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 7.43 percentage points in Q1 2024, against a drop of 5.37 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.27% (Q1 2026), 1.49% (Q4 2025) and 1.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 137.65 Bn | 84.23 Bn | 9.13 Bn | 18.05% |
| 2 | Progressive | 129.27 Bn | 105.11 Bn | 9.04 Bn | 14.02% |
| 3 | Marsh & Mclennan Companies | 90.79 Bn | 82.95 Bn | - | 11.77% |
| 4 | Travelers Companies | 83.98 Bn | 60.23 Bn | 6.23 Bn | 18.17% |
| 5 | Manulife Financial | 77.09 Bn | -17.80 Bn | - | 10.52% |
| 6 | Arthur J. Gallagher | 66.40 Bn | 60.80 Bn | - | 8.09% |
| 7 | Metlife | 65.77 Bn | -41.01 Bn | 7.82 Bn | 3.68% |
| 8 | Allstate | 64.29 Bn | 25.56 Bn | 8.73 Bn | 17.43% |
| 9 | Aon | 62.89 Bn | 56.11 Bn | - | 12.98% |
| 10 | Trupanion | 1.25 Bn | -253.78 Mn | 65.13 Mn | 1.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.74% |
| 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% |
API Access
Trupanion Net 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=net-margin&ticker=TRUP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TRUP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TRUP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();