Trupanion (TRUP) Operating Margin (2013 - 2026)

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.