Filing Flows › American Financial Group (AFG) › Operating margin
American Financial Group (AFG) operating margin by quarter
American Financial Group's operating margin was 13.9% in Q3 2026 (third quarter 2026), -1.7 pts from Q2 2026. Over the last 7 quarters it ranged from 10.6% (Q1 2025) to 18.4% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 13.9% | -1.7 pts | +2.4 pts |
| Q2 2026 | 15.6% | +2.7 pts | +3.7 pts |
| Q1 2026 | 12.9% | -5.5 pts | +2.3 pts |
| Q4 2025 | 18.4% | +6.9 pts | — |
| Q3 2025 | 11.5% | -0.4 pts | — |
| Q2 2025 | 11.9% | +1.3 pts | — |
| Q1 2025 | 10.6% | — | — |
Q3 2026 at a glance
American Financial Group, Q3 2026: revenue $2.6B (+11% year over year), operating margin 13.9%, net earnings $282M, operating cash flow $405M. The chart follows the revenue to costs, profit and cash.
Questions
What is American Financial Group's operating margin?
American Financial Group's operating margin was 13.9% in Q3 2026 (third quarter 2026), -1.7 pts from Q2 2026.
How has American Financial Group's operating margin changed?
Over the last 7 quarters it ranged from 10.6% (Q1 2025) to 18.4% (Q4 2025).
Q3 2026 results → · How American Financial Group makes money →