Filing Flows › First Horizon (FHN) › Operating margin
First Horizon (FHN) operating margin by quarter
First Horizon's operating margin was 38.3% in Q2 2026 (second quarter 2026), -1.3 pts from Q1 2026. Over the last 6 quarters it ranged from 35.1% (Q1 2025) to 39.7% (Q1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 38.3% | -1.3 pts | +1.1 pts |
| Q1 2026 | 39.7% | +1.0 pts | +4.6 pts |
| Q4 2025 | 38.6% | -0.1 pts | — |
| Q3 2025 | 38.7% | +1.5 pts | — |
| Q2 2025 | 37.2% | +2.1 pts | — |
| Q1 2025 | 35.1% | — | — |
Q2 2026 at a glance
First Horizon, Q2 2026: revenue $887M (+7% year over year), operating margin 38.3%, net earnings $270M, operating cash flow $585M. The chart follows the revenue to costs, profit and cash.
Questions
What is First Horizon's operating margin?
First Horizon's operating margin was 38.3% in Q2 2026 (second quarter 2026), -1.3 pts from Q1 2026.
How has First Horizon's operating margin changed?
Over the last 6 quarters it ranged from 35.1% (Q1 2025) to 39.7% (Q1 2026).