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Trupanion profit margin TRUP

Gross, operating and net profit as a share of revenue over the last twelve months, from 2013.

Net margin, 12 months
1.5%
Operating margin, 12 months
1.6%
Net margin on a year earlier
+0.7 pts
Peer median
3.0%

Over the twelve months to Jun 30, 2026, Trupanion kept 1.5% of its revenue as net profit, with an operating margin of 1.6% and a gross margin of 16.6%.

Five years earlier its net margin was −4.7%.

The median for 10 healthcare stocks of a similar size is 3.0%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY20251.4%1.0%16.1%
FY2024−0.7%−0.7%13.9%
FY2023−4.0%−3.7%11.8%
FY2022−4.9%−4.8%13.5%
FY2021−5.1%−5.0%14.9%
FY2020−1.2%−1.0%16.3%
FY2019−0.5%−0.5%16.9%
FY2018−0.3%−0.3%16.9%
FY2017−0.6%−1.1%17.7%
FY2016−3.7%−3.6%17.7%
FY2015−11.7%−11.4%17.2%
FY2014−18.3%−13.8%17.1%
FY2013−9.8%−8.3%18.7%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY261.5%+0.7 pts1.6%
Q1 FY261.7%+2.1 pts1.4%
Q4 FY251.4%+2.1 pts1.0%
Q3 FY251.1%+2.2 pts0.5%
Q2 FY250.8%+2.4 pts0.2%
Q1 FY25−0.3%+2.0 pts−0.4%
Q4 FY24−0.7%+3.3 pts−0.7%
Q3 FY24−1.1%+3.8 pts−0.8%
Q2 FY24−1.6%+4.5 pts−1.2%
Q1 FY24−2.3%+4.0 pts−1.9%
Q4 FY23−4.0%+0.9 pts−3.7%
Q3 FY23−4.9%+0.1 pts−4.7%

Against its peers

Companies in Healthcare nearest Trupanion's size, closest first, today.

Where Trupanion 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 Trupanion

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.