WAL Western Alliance Bancorporation margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 80

Gross margin

100%

Operating margin

35.3%

EBITDA margin

38.4%

Net margin

28.1%

The Western Alliance Bancorporation shows a gross margin of 100%, an operating margin of 35.3%, an EBITDA margin of 38.4%, and a net margin of 28.1%. Across the available margins, operating margin advanced the most and EBITDA margin weakened the most, by 0.5 and 0.1 percentage points respectively.

WAL margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Western Alliance Bancorporation's margins averaged 100% gross, 34.13% operating, 38.12% EBITDA, and 27.36% net. For Western Alliance Bancorporation, operating, EBITDA, and net margins are above their three-year averages.

WAL margin expansion

Year-over-year margin changes in percentage points

Compared with the same period last year, operating margin expanded by 0.5 percentage points, while EBITDA margin contracted by 0.1 percentage points and net margin by 0.1 percentage points.

Gross margin expansion

0pp

Operating margin expansion

0.5pp

EBITDA margin expansion

-0.1pp

Net margin expansion

-0.1pp

WAL Gross margin

Throughout the last 3 years, Western Alliance Bancorporation had an average gross margin of 100%. Western Alliance Bancorporation's current gross margin is 100% and is in line with its three-year average. Looking back over the last 3 years, Western Alliance Bancorporation's gross margin reached 100% at its highest point in Sep 2026 and 100% at its lowest in Dec 2023.

WAL Operating margin

Over the last 3 years, Western Alliance Bancorporation's operating margin averaged 34.13%. Currently, Western Alliance Bancorporation's current operating margin is 35.3%, which is 1.2 percentage points above its three-year average. During this period, operating margin reached a high of 36.4% in Dec 2025 and a low of 31% in Sep 2024.

WAL EBITDA margin

Reviewing the last 3 years, Western Alliance Bancorporation recorded an average EBITDA margin of 38.12%. Compared with its three-year average, Western Alliance Bancorporation's current EBITDA margin is 38.4% and is 0.3 percentage points above its three-year average. The highest EBITDA margin for Western Alliance Bancorporation was 39.9% in Dec 2023, while the lowest was 36.1% in Sep 2024.

WAL Net margin

Looking back over the last 3 years, Western Alliance Bancorporation recorded an average net margin of 27.36%. Western Alliance Bancorporation's current net margin is 28.1% and is 0.7 percentage points above its three-year average. The highest net margin for Western Alliance Bancorporation was 29.2% in Dec 2025, while the lowest was 24.7% in Sep 2024.

WAL margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 100%, WAL stands higher than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 83.5%, Western Alliance Bancorporation's gross margin is 20% higher.

WAL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Western Alliance Bancorporation's gross margin?

As of Sep 30, 2026, WAL has a gross margin of 100%.

What is Western Alliance Bancorporation's operating margin?

For the period ending Sep 30, 2026, WAL recorded an operating margin of 35.3%.

What is Western Alliance Bancorporation's EBITDA margin?

For the period ending Sep 30, 2026, WAL recorded an EBITDA margin of 38.4%.

What is Western Alliance Bancorporation's net margin?

For the period ending Sep 30, 2026, WAL recorded a net margin of 28.1%.

What are the average margins of WAL?

Western Alliance Bancorporation's average margins over the last 3 years were 100.0% gross, 34.1% operating, 38.1% EBITDA, and 27.4% net.

What are the highest historical margins of WAL?

Over this 5-year history, WAL peaked at 100% gross in Sep 2026, 57.2% operating in Dec 2021, 59.4% EBITDA in Dec 2021, and 45.5% net in Dec 2021.

What are the lowest historical margins of WAL?

Over the last 5 years, Western Alliance Bancorporation's lowest margins were 100% gross in Dec 2021, 31% operating in Sep 2024, 36.1% EBITDA in Sep 2024, and 24.7% net in Sep 2024.