Filing Flows › Western Alliance Bancorporation (WAL) › Operating margin
Western Alliance Bancorporation (WAL) operating margin by quarter
Western Alliance Bancorporation's operating margin was 33.4% in Q3 2026 (third quarter 2026), +0.1 pts from Q2 2026. Over the last 7 quarters it ranged from 22.7% (Q1 2026) to 36.3% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 33.4% | +0.1 pts | -0.0 pts |
| Q2 2026 | 33.3% | +10.6 pts | -1.1 pts |
| Q1 2026 | 22.7% | -13.6 pts | -9.0 pts |
| Q4 2025 | 36.3% | +2.8 pts | — |
| Q3 2025 | 33.4% | -1.0 pts | — |
| Q2 2025 | 34.4% | +2.8 pts | — |
| Q1 2025 | 31.7% | — | — |
Q3 2026 at a glance
Western Alliance Bancorporation, Q3 2026: revenue $1.0B (+8% year over year), operating margin 33.4%, net earnings $270M, operating cash flow $770M. The chart follows the revenue to costs, profit and cash.
Questions
What is Western Alliance Bancorporation's operating margin?
Western Alliance Bancorporation's operating margin was 33.4% in Q3 2026 (third quarter 2026), +0.1 pts from Q2 2026.
How has Western Alliance Bancorporation's operating margin changed?
Over the last 7 quarters it ranged from 22.7% (Q1 2026) to 36.3% (Q4 2025).
Q3 2026 results → · How Western Alliance Bancorporation makes money →