FHN First Horizon margins

Relative Growth: Rel. Growth: 69

Relative Strength: Rel. Strength: 51

Relative Valuation: Rel. Valuation: 86

Relative Profitability: Rel. Profitability: 85

Gross margin

100%

Operating margin

39.1%

EBITDA margin

41.2%

Net margin

30.2%

Using the latest TTM figures, First Horizon shows a gross margin of 100%, an operating margin of 39.1%, an EBITDA margin of 41.2%, and a net margin of 30.2%. Operating margin led the remaining margin gains with 3.9 percentage points, while the other margins were unchanged.

FHN margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, First Horizon recorded average margins of 100% gross, 35% operating, 37.49% EBITDA, and 27.37% net. First Horizon's current performance shows that operating, EBITDA, and net margins are above their three-year averages.

FHN margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 3.9 percentage points, EBITDA margin by 3.4 percentage points, and net margin by 2.8 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

3.9pp

EBITDA margin expansion

3.4pp

Net margin expansion

2.8pp

FHN Gross margin

Over the last 3 years, First Horizon's gross margin averaged 100%. The current gross margin of 100% is in line with its three-year average. During this period, gross margin reached a high of 100% in Jun 2026 and a low of 100% in Dec 2023.

FHN Operating margin

Over the last 3 years, the average operating margin for First Horizon was 35%. The latest operating margin for First Horizon is 39.1%, 4.1 percentage points above its three-year average. First Horizon's operating margin ranged from a low of 30.1% in Jun 2024 to a high of 39.1% in Jun 2026.

FHN EBITDA margin

The average EBITDA margin for First Horizon was 37.49% during the last 3 years. At present, the current EBITDA margin for First Horizon is 41.2%, 3.7 percentage points above its three-year average. The EBITDA margin for First Horizon moved between 32.8% in Jun 2024 and 41.2% in Jun 2026.

FHN Net margin

First Horizon recorded an average net margin of 27.37% across the last 3 years. Currently, the current net margin for First Horizon is 30.2%, 2.8 percentage points above its three-year average. The net margin for First Horizon moved between 24.2% in Jun 2024 and 30.2% in Jun 2026.

FHN margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 100%, FHN stands above the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 83.7%, First Horizon's gross margin is 19% higher.

FHN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is First Horizon's gross margin?

The current gross margin for FHN is 100% as of Jun 30, 2026.

What is First Horizon's operating margin?

The current operating margin for FHN is 39.1% as of Jun 30, 2026.

What is First Horizon's EBITDA margin?

The current EBITDA margin for FHN is 41.2% as of Jun 30, 2026.

What is First Horizon's net margin?

For the period ending Jun 30, 2026, FHN recorded a net margin of 30.2%.

What are the average margins of FHN?

Over the past 3 years, FHN reported average margins of 100.0% gross, 35.0% operating, 37.5% EBITDA, and 27.4% net.

What are the highest historical margins of FHN?

Across the 5-year period, FHN posted its highest margins at 100% gross in Jun 2026, 41.7% operating in Jun 2023, 44.4% EBITDA in Jun 2023, and 32.2% net in Jun 2023.

What are the lowest historical margins of FHN?

Over the last 5 years, First Horizon's lowest margins were 100% gross in Dec 2021, 30.1% operating in Jun 2024, 32.8% EBITDA in Jun 2024, and 24.2% net in Jun 2024.