American Financial Group annual operating margin
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2025
American Financial Group Operating Margin Growth & History (AFG)
American Financial Group's operating margin was 13.13% for fiscal 2025.
View full American Financial Group company overviewAmerican Financial Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 13.13% | −0.38 pp |
| 2024 | 2024-12-31 | 13.50% | −0.21 pp |
| 2023 | 2023-12-31 | 13.71% | −2.24 pp |
| 2022 | 2022-12-31 | 15.95% | −4.42 pp |
| 2021 | 2021-12-31 | 20.38% | +14.50 pp |
| 2020 | 2020-12-31 | 5.88% | −4.33 pp |
| 2019 | 2019-12-31 | 10.20% | +1.27 pp |
| 2018 | 2018-12-31 | 8.94% | −1.61 pp |
| 2017 | 2017-12-31 | 10.55% | −1.57 pp |
| 2016 | 2016-12-31 | 12.11% | +2.92 pp |
| 2015 | 2015-12-31 | 9.19% | −1.72 pp |
| 2014 | 2014-12-31 | 10.92% | −2.58 pp |
| 2013 | 2013-12-31 | 13.50% | +2.67 pp |
| 2012 | 2012-12-31 | 10.83% | −1.18 pp |
| 2011 | 2011-12-31 | 12.02% | −3.41 pp |
| 2010 | 2010-12-31 | 15.43% | −3.36 pp |
| 2009 | 2009-12-31 | 18.80% | +11.44 pp |
| 2008 | 2008-12-31 | 7.36% | — |
American Financial Group quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 15.57% | +3.66 pp |
| Q1 2026 | 2026-03-31 | 12.89% | +2.28 pp |
| Q4 2025 | 2025-12-31 | 18.37% | +3.48 pp |
| Q3 2025 | 2025-09-30 | 11.50% | +1.83 pp |
| Q2 2025 | 2025-06-30 | 11.90% | −2.36 pp |
| Q1 2025 | 2025-03-31 | 10.61% | −5.34 pp |
| Q4 2024 | 2024-12-31 | 14.89% | −1.19 pp |
| Q3 2024 | 2024-09-30 | 9.67% | −0.45 pp |
| Q2 2024 | 2024-06-30 | 14.26% | +0.40 pp |
| Q1 2024 | 2024-03-31 | 15.95% | +0.78 pp |
| Q4 2023 | 2023-12-31 | 16.08% | −1.85 pp |
| Q3 2023 | 2023-09-30 | 10.12% | −0.46 pp |
| Q2 2023 | 2023-06-30 | 13.86% | +0.47 pp |
| Q1 2023 | 2023-03-31 | 15.17% | −7.56 pp |
| Q4 2022 | 2022-12-31 | 17.94% | −7.38 pp |
| Q3 2022 | 2022-09-30 | 10.58% | −4.64 pp |
| Q2 2022 | 2022-06-30 | 13.39% | −5.43 pp |
| Q1 2022 | 2022-03-31 | 22.73% | +0.53 pp |
| Q4 2021 | 2021-12-31 | 25.31% | +5.23 pp |
| Q3 2021 | 2021-09-30 | 15.22% | +12.65 pp |
| Q2 2021 | 2021-06-30 | 18.81% | +9.12 pp |
| Q1 2021 | 2021-03-31 | 22.20% | +39.74 pp |
| Q4 2020 | 2020-12-31 | 20.08% | +222.91 pp |
| Q3 2020 | 2020-09-30 | 2.57% | −5.77 pp |
| Q2 2020 | 2020-06-30 | 9.69% | −3.53 pp |
| Q1 2020 | 2020-03-31 | −17.54% | −37.94 pp |
| Q4 2019 | 2019-12-31 | −202.83% | −200.52 pp |
| Q3 2019 | 2019-09-30 | 8.34% | −3.81 pp |
| Q2 2019 | 2019-06-30 | 13.21% | −0.97 pp |
| Q1 2019 | 2019-03-31 | 20.41% | +9.66 pp |
| Q4 2018 | 2018-12-31 | −2.31% | −17.08 pp |
| Q3 2018 | 2018-09-30 | 12.15% | +10.57 pp |
| Q2 2018 | 2018-06-30 | 14.18% | +1.73 pp |
| Q1 2018 | 2018-03-31 | 10.75% | −3.40 pp |
| Q4 2017 | 2017-12-31 | 14.77% | −3.48 pp |
| Q3 2017 | 2017-09-30 | 1.58% | −8.86 pp |
| Q2 2017 | 2017-06-30 | 12.45% | +3.85 pp |
| Q1 2017 | 2017-03-31 | 14.15% | +3.57 pp |
| Q4 2016 | 2016-12-31 | 18.25% | +5.27 pp |
| Q3 2016 | 2016-09-30 | 10.44% | +4.57 pp |
| Q2 2016 | 2016-06-30 | 8.60% | −6.04 pp |
| Q1 2016 | 2016-03-31 | 10.58% | +8.26 pp |
| Q4 2015 | 2015-12-31 | 12.98% | +0.71 pp |
| Q3 2015 | 2015-09-30 | 5.87% | −3.30 pp |
| Q2 2015 | 2015-06-30 | 14.65% | +5.31 pp |
| Q1 2015 | 2015-03-31 | 2.31% | −10.98 pp |
| Q4 2014 | 2014-12-31 | 12.27% | −5.65 pp |
| Q3 2014 | 2014-09-30 | 9.17% | −0.67 pp |
| Q2 2014 | 2014-06-30 | 9.34% | −1.72 pp |
| Q1 2014 | 2014-03-31 | 13.29% | −1.95 pp |
| Q4 2013 | 2013-12-31 | 17.92% | +20.40 pp |
| Q3 2013 | 2013-09-30 | 9.84% | −8.69 pp |
| Q2 2013 | 2013-06-30 | 11.06% | −1.04 pp |
| Q1 2013 | 2013-03-31 | 15.24% | +1.81 pp |
| Q4 2012 | 2012-12-31 | −2.48% | −22.89 pp |
| Q3 2012 | 2012-09-30 | 18.53% | +6.85 pp |
| Q2 2012 | 2012-06-30 | 12.10% | +6.61 pp |
| Q1 2012 | 2012-03-31 | 13.43% | +3.61 pp |
| Q4 2011 | 2011-12-31 | 20.41% | +4.75 pp |
| Q3 2011 | 2011-09-30 | 11.69% | −4.89 pp |
| Q2 2011 | 2011-06-30 | 5.49% | −9.53 pp |
| Q1 2011 | 2011-03-31 | 9.82% | −4.40 pp |
| Q4 2010 | 2010-12-31 | 15.66% | −2.92 pp |
| Q3 2010 | 2010-09-30 | 16.57% | −2.22 pp |
| Q2 2010 | 2010-06-30 | 15.02% | — |
| Q1 2010 | 2010-03-31 | 14.22% | — |
| Q3 2009 | 2009-09-30 | 18.57% | — |
| Q2 2009 | 2009-06-30 | 18.80% | — |
American Financial Group operating margin trends
Over the last five reported fiscal years, American Financial Group's operating margin increased from 5.88% to 13.13%, a change of +7.25 percentage points. The latest reported quarter, Q2 2026, shows 15.57%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Financial Group filings at SEC.gov ↗