Compiled 2026-09-26Data through 2025-12-312 min read
Dated source-based research · No live market data

Observation

Across 13 eligible financials companies, the equal-weight median net margin was 26.98% for the latest selected annual periods.

Data context

The eligible sample covers 13 of 15 selected companies. The latest selected annual periods span 2025-12-31 to 2025-12-31. Companies have different fiscal year ends. This is a cross-sectional research sample, not a calendar-year index or a representation of the full sector.

Company evidence

BRK-B 27.09% (period 2025-12-31); JPM 31.27% (period 2025-12-31); BAC 26.98% (period 2025-12-31); C 16.79% (period 2025-12-31); AXP 26.23% (period 2025-12-31); SCHW 37.01% (period 2025-12-31); BLK 22.93% (period 2025-12-31); IBKR 178.57% (period 2025-12-31); BX 20.89% (period 2025-12-31); CB 17.36% (period 2025-12-31); PGR 12.90% (period 2025-12-31); COF 30.43% (period 2025-12-31); CME 62.45% (period 2025-12-31).

Distribution

The sample range is 12.90% (PGR) to 178.57% (IBKR). The median is computed across company ratios with equal weight; it is not a ratio of aggregate totals. Extreme values can reflect a small denominator or unusual accounting items.

Interpretation

Banks, insurers, exchanges and asset managers earn income through different balance-sheet and fee models. Conventional industrial cash-flow ratios may not be economically comparable. The numerator is netIncome; the denominator is revenue. Only positive denominators and disclosed numerators qualify. No missing value is replaced with zero.

What to watch

Net interest income, credit provisions, fee income, underwriting results and capital adequacy.

Research limitations

Credit losses, deposit pricing, reserve assumptions, market liquidity and regulatory capital. The sample uses a September 18, 2026 source snapshot. It does not establish current market conditions, causal drivers or future returns. Sector labels are editorial and the financial-sector cash-flow measures need particular caution.

Company-level observations · percent
CompanyValuePeriod end
BRK-B27.09%2025-12-31
JPM31.27%2025-12-31
BAC26.98%2025-12-31
C16.79%2025-12-31
AXP26.23%2025-12-31
SCHW37.01%2025-12-31
BLK22.93%2025-12-31
IBKR178.57%2025-12-31
BX20.89%2025-12-31
CB17.36%2025-12-31
PGR12.90%2025-12-31
COF30.43%2025-12-31
CME62.45%2025-12-31

Sources & dates