Growth Metrics

Trupanion (TRUP) Net Margin (2016 - 2026)

Trupanion filings provide 14 years of Net Margin readings, the most recent being 1.27% for Q1 2026.

  • On a quarterly basis, Net Margin rose 170.0% to 1.27% in Q1 2026 year-over-year; TTM through Mar 2026 was 1.74%, a 206.0% increase, with the full-year FY2025 number at 1.35%, up 210.0% from a year prior.
  • Net Margin hit 1.27% in Q1 2026 for Trupanion, down from 1.49% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 2.66% in Q2 2025 to a low of 9.67% in Q1 2023.
  • Median Net Margin over the past 5 years was 1.41% (2023), compared with a mean of 1.96%.
  • Biggest five-year swings in Net Margin: tumbled -537bps in 2023 and later surged 743bps in 2024.
  • Trupanion's Net Margin stood at 3.77% in 2022, then skyrocketed by 81bps to 0.73% in 2023, then surged by 167bps to 0.49% in 2024, then surged by 204bps to 1.49% in 2025, then fell by -15bps to 1.27% in 2026.
  • The last three reported values for Net Margin were 1.27% (Q1 2026), 1.49% (Q4 2025), and 1.6% (Q3 2025) per Business Quant data.