Filing Flows › Cullen/Frost Bankers (CFR) › Operating margin
Cullen/Frost Bankers (CFR) operating margin by quarter
Cullen/Frost Bankers' operating margin was 35.5% in Q3 2026 (third quarter 2026), +0.0 pts from Q2 2026. Over the last 7 quarters it ranged from 33.2% (Q1 2025) to 36.7% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 35.5% | +0.0 pts | -1.1 pts |
| Q2 2026 | 35.5% | +0.3 pts | +1.4 pts |
| Q1 2026 | 35.2% | +1.1 pts | +2.1 pts |
| Q4 2025 | 34.1% | -2.6 pts | — |
| Q3 2025 | 36.7% | +2.5 pts | — |
| Q2 2025 | 34.1% | +1.0 pts | — |
| Q1 2025 | 33.2% | — | — |
Q3 2026 at a glance
Cullen/Frost Bankers, Q3 2026: revenue $604M (+6% year over year), operating margin 35.5%, net earnings $180M, operating cash flow $293M. The chart follows the revenue to costs, profit and cash.
Questions
What is Cullen/Frost Bankers' operating margin?
Cullen/Frost Bankers' operating margin was 35.5% in Q3 2026 (third quarter 2026), +0.0 pts from Q2 2026.
How has Cullen/Frost Bankers' operating margin changed?
Over the last 7 quarters it ranged from 33.2% (Q1 2025) to 36.7% (Q3 2025).