Trupanion (TRUP) Operating Margin (2013 - 2026)
Trupanion's (TRUP) quarterly Operating Margin came in at 1.24% in Q1 2026, up 167.0% YoY from 0.47% in Q1 2025, and down 34.33% on a QoQ basis from 1.89% in Q4 2025.
Trupanion (TRUP) Operating Margin (2013 - 2026) Analysis & Trends
Trupanion (TRUP) has 14 years of Operating Margin data on file, last reported at 1.24% in Q1 2026.
- Quarterly Operating Margin rose 167.0% year-over-year to 1.24% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.36% (up 172.0% YoY) and the FY2025 annual result came in at 0.96%, up 170.0% from the prior year.
- Operating Margin eased to 1.24% in Q1 2026, from 1.89% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 1.89% in Q4 2025 to a low of 9.55% in Q1 2023.
- A 5-year average of 1.92% and a median of 1.22% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin plunged 513 bps — and 2024, when it surged 755 bps.
- Tracing TRUP's Operating Margin over 5 years: stood at 3.75% in 2022, then surged by 104 bps to 0.14% in 2023, then dropped by 25 bps to 0.1% in 2024, then jumped by 1736 bps to 1.89% in 2025, then slumped by 34 bps to 1.24% in 2026.
- The last three Operating Margin figures came in at 1.24% (Q1 2026), 1.89% (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) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 11.13% |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | -43.89% |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 9.95% |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 5.43% |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | - |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 7.46% |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 16.08% |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 38.83% |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 4.12% |
| 10 | Trupanion | 1.34 Bn | 939.23 Mn | 65.13 Mn | 1.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.62% |
| Mar 31, 2026 | 1.24% |
| Dec 31, 2025 | 1.89% |
| Sep 30, 2025 | 1.60% |
| Jun 30, 2025 | 0.65% |
| Mar 31, 2025 | -0.43% |
| Dec 31, 2024 | 0.10% |
| Sep 30, 2024 | 0.53% |
| Jun 30, 2024 | -1.74% |
| Mar 31, 2024 | -2.00% |
| Dec 31, 2023 | 0.14% |
| Sep 30, 2023 | -1.22% |
| Jun 30, 2023 | -4.84% |
| Mar 31, 2023 | -9.55% |
| Dec 31, 2022 | -3.75% |
| Sep 30, 2022 | -5.09% |
| Jun 30, 2022 | -5.82% |
| Mar 31, 2022 | -4.42% |
| Dec 31, 2021 | -2.96% |
| Sep 30, 2021 | -3.96% |