BPOP Popular margins

Relative Growth: Rel. Growth: 73

Relative Strength: Rel. Strength: 68

Relative Valuation: Rel. Valuation: 89

Relative Profitability: Rel. Profitability: 90

Gross margin

100%

Operating margin

37.3%

EBITDA margin

39.1%

Net margin

31.6%

Using the latest TTM figures, Popular shows a gross margin of 100%, an operating margin of 37.3%, an EBITDA margin of 39.1%, and a net margin of 31.6%. Net margin led the remaining margin gains with 5.9 percentage points, while the other margins were unchanged.

BPOP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Popular recorded average margins of 100% gross, 30.45% operating, 32.54% EBITDA, and 24.55% net. Popular's current performance shows that operating, EBITDA, and net margins are above their three-year averages.

BPOP margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 5.1 percentage points, EBITDA margin by 5.1 percentage points, and net margin by 5.9 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

5.1pp

EBITDA margin expansion

5.1pp

Net margin expansion

5.9pp

BPOP Gross margin

Looking back over the last 3 years, Popular recorded an average gross margin of 100%. Popular's current gross margin is 100% and is in line with its three-year average. The highest gross margin for Popular was 100% in Jun 2026, while the lowest was 100% in Dec 2023.

BPOP Operating margin

Popular recorded an average operating margin of 30.45% across the last 3 years. Popular currently reports an operating margin of 37.3%, 6.9 percentage points above its three-year average. Looking back over the last 3 years, Popular's operating margin reached 37.3% at its highest point in Jun 2026 and 24.5% at its lowest in Mar 2024.

BPOP EBITDA margin

Popular's EBITDA margin averaged 32.54% during the last 3 years. The current EBITDA margin stands at 39.1%, 6.6 percentage points above its three-year average. Over the last 3 years, Popular's EBITDA margin peaked at 39.1% in Jun 2026 and reached a low of 26.9% in Mar 2024.

BPOP Net margin

Popular recorded an average net margin of 24.55% across the last 3 years. Right now, the current net margin for Popular is 31.6%, 7.1 percentage points above its three-year average. The net margin for Popular moved between 18.8% in Mar 2024 and 31.6% in Jun 2026.

BPOP margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 100%, BPOP is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 83.7%, Popular's gross margin is 19% higher.

BPOP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Popular's gross margin?

As of Jun 30, 2026, BPOP has a gross margin of 100%.

What is Popular's operating margin?

As of Jun 30, 2026, BPOP has an operating margin of 37.3%.

What is Popular's EBITDA margin?

The current EBITDA margin for BPOP is 39.1% as of Jun 30, 2026.

What is Popular's net margin?

For the period ending Jun 30, 2026, BPOP recorded a net margin of 31.6%.

What are the average margins of BPOP?

Looking back over 3 years, BPOP recorded average margins of 100.0% gross, 30.5% operating, 32.5% EBITDA, and 24.6% net.

What are the highest historical margins of BPOP?

Across the 5-year period, BPOP posted its highest margins at 100% gross in Jun 2026, 44.5% operating in Dec 2021, 46.8% EBITDA in Dec 2021, and 36.9% net in Dec 2022.

What are the lowest historical margins of BPOP?

Over this 5-year history, Popular's margins fell as low as 100% gross in Dec 2021, 24.5% operating in Mar 2024, 26.9% EBITDA in Mar 2024, and 18.8% net in Mar 2024.