First Horizon profit margin FHN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 29.9%
- Net margin on a year earlier
- +3.6 pts
- Peer median
- 30.5%
Over the twelve months to Jun 30, 2026, First Horizon kept 29.9% of its revenue as net profit.
Five years earlier its net margin was 35.1%.
The median for 10 diversified banks of a similar size is 30.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 28.8% |
| FY2024 | 24.3% |
| FY2023 | 25.9% |
| FY2022 | 28.1% |
| FY2021 | 32.6% |
| FY2020 | 26.8% |
| FY2019 | 23.7% |
| FY2018 | 28.1% |
| FY2017 | 12.4% |
| FY2016 | 17.7% |
| FY2015 | 7.3% |
| FY2014 | 18.9% |
| FY2013 | 2.4% |
| FY2012 | −2.0% |
| FY2011 | 8.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 29.9% | +3.6 pts | |
| Q1 FY26 | 29.6% | +4.4 pts | |
| Q4 FY25 | 28.8% | +4.4 pts | |
| Q3 FY25 | 27.2% | +2.9 pts | |
| Q2 FY25 | 26.4% | +4.2 pts | |
| Q1 FY25 | 25.2% | +0.7 pts | |
| Q4 FY24 | 24.3% | −1.6 pts | |
| Q3 FY24 | 24.3% | −3.3 pts | |
| Q2 FY24 | 22.2% | −8.2 pts | |
| Q1 FY24 | 24.5% | −4.0 pts | |
| Q4 FY23 | 25.9% | −2.2 pts | |
| Q3 FY23 | 27.6% | −0.5 pts |
Against its peers
Companies in Banks - Diversified nearest First Horizon's size, closest first, today.
| Company | Profit margin |
|---|---|
| FHNFirst Horizon | 29.9% |
| UMBFUMB Financial | 32.3% |
| CFRCullen/Frost Bankers | 29.7% |
| ONBOld National Bancorp | 31.4% |
| ZIONZions Bancorporation, National Association | 31.3% |
| PNFPPinnacle Financial Partners | 23.4% |
| BOKFBOK Financial | 28.5% |
| VLYValley National Bancorp | 32.2% |
| FNBFNB | 33.0% |
| FULTFulton Financial | 29.0% |
| WSFSWSFS Financial | 29.1% |
| Peer median | 30.5% |
Where First Horizon ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on First Horizon
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.