Trupanion (TRUP) Operating Margin (2013 - 2026)
Trupanion's Operating Margin came in at 1.62% for Q2 2026, up 0.97 percentage points from 0.65% a year earlier and up 0.38 percentage points from the prior quarter.
Powered by 
Analysis
Trupanion (TRUP) Operating Margin (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Trupanion reported Operating Margin of 1.59%, up 1.37 percentage points year-over-year; for FY2025, it came in at 0.96%, up 1.70 percentage points from FY2024.
- Operating Margin has increased in each of the last four years, with a five-year change of +1.94 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -0.74% in FY2024 (+2.93 pp), -3.67% in FY2023 (+1.08 pp), -4.75% in FY2022 (+0.28 pp) and -5.04% in FY2021 (-4.05 pp).
- The five-year range for quarterly Operating Margin is -9.55% (Q1 2023) to 1.89% (Q4 2025).
- Year-over-year, Operating Margin has increased for six consecutive quarters, with an average year-over-year change of +1.40 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2024 (a gain of 7.55 percentage points), and the weakest in Q1 2023 (a drop of 5.13 percentage points).
- Business Quant data shows TRUP's Operating Margin at 1.24% (Q1 2026), 1.89% (Q4 2025) and 1.60% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,248.67 Bn | -185.49 Bn | 56.71 Bn | -32.86% |
| 2 | Chubb | 141.22 Bn | 92.15 Bn | 8.67 Bn | 22.27% |
| 3 | Progressive | 134.26 Bn | 109.78 Bn | 8.29 Bn | 14.33% |
| 4 | Marsh & Mclennan Companies | 98.32 Bn | 90.72 Bn | - | 17.70% |
| 5 | Travelers Companies | 82.09 Bn | 59.57 Bn | 5.93 Bn | 20.04% |
| 6 | Manulife Financial | 75.36 Bn | -19.02 Bn | - | - |
| 7 | Arthur J. Gallagher | 72.54 Bn | 67.17 Bn | 3.33 Bn | 17.18% |
| 8 | Aon | 71.33 Bn | 50.56 Bn | - | 19.73% |
| 9 | Allstate | 65.04 Bn | 22.10 Bn | -9.85 Bn | -3.13% |
| 10 | Trupanion | 1.48 Bn | -67.48 Mn | 69.50 Mn | 2.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.35% |
| 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% |
API Access
Trupanion Operating 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=operating-margin&ticker=TRUP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TRUP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();