B3 - Brasil Bolsa BalcaoBSP:B3SA3 +2.11%88 Operating Margin % is 67.10% as of Mar. 2026, which is 13% above its 10-year median of 59.17. GuruFocus rates BSP:B3SA3 with a GF Score™ of 88/100 and a GF Value™ of R$16.41 (Fairly Valued). The stock has 7 warning signs investors should review. Among 664 Capital Markets companies, B3 - Brasil Bolsa Balcao ranks better than 89.46% on this metric.
B3 SA - Brasil Bolsa Balcao operating margin has been in a 5-year decline. The average rate of decline per year is -1.9%.
The historical rank and industry rank for B3 - Brasil Bolsa Balcao's Operating Margin % or its related term are showing as below:
BSP:B3SA3'
s Operating Margin % Range Over the Past 10 Years
Min: 47.78 Med: 59.17 Max: 70.07
Current: 65.65
BSP:B3SA3's Operating Margin % is ranked better than 89.46% of 664
companies
in the Capital Markets industry
Industry Median: 6.955
vs BSP:B3SA3: 65.65
B3 - Brasil Bolsa Balcao (BSP:B3SA3) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
B3 - Brasil Bolsa Balcao Operating Margin % Related Terms
B3 - Brasil Bolsa Balcao Operating Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSP:B3SA3 vs SPGI, CME, ICE: Operating Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, B3 - Brasil Bolsa Balcao's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
B3 - Brasil Bolsa Balcao Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, B3 - Brasil Bolsa Balcao's Operating Margin % distribution charts can be found below:
* The bar in red indicates where B3 - Brasil Bolsa Balcao's Operating Margin % falls into.
B3 - Brasil Bolsa Balcao Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
B3 - Brasil Bolsa Balcao's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
B3 - Brasil Bolsa Balcao (BSP:B3SA3) has a Operating Margin % of 67.10% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on B3 - Brasil Bolsa Balcao and its competitors. This is 13% above median its historical median of 59.17. Over the past decade, B3 - Brasil Bolsa Balcao's Operating Margin % has ranged from 47.78 to 70.07. According to the industry distribution chart, B3 - Brasil Bolsa Balcao ranks #70 out of 664 companies in the Capital Markets industry, placing it in the top 10.5%.
Is B3 - Brasil Bolsa Balcao's Operating Margin % too high?
B3 - Brasil Bolsa Balcao's current Operating Margin % of 67.10% is 13% above median its 10-year median of 59.17. Over the past 10 years, this metric has ranged from a low of 47.78 to a high of 70.07. The Capital Markets industry median Operating Margin % is 6.96. B3 - Brasil Bolsa Balcao's value of 67.10% is 864.8% above this industry median. Based on the distribution chart, B3 - Brasil Bolsa Balcao ranks #70 out of 664 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, B3 - Brasil Bolsa Balcao has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does B3 - Brasil Bolsa Balcao's Operating Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, B3 - Brasil Bolsa Balcao ranks #70 out of 664 companies for Operating Margin %. This places B3 - Brasil Bolsa Balcao in the top 11% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.96. B3 - Brasil Bolsa Balcao's value of 67.10% is 864.8% above this benchmark. Historically, B3 - Brasil Bolsa Balcao's own Operating Margin % has ranged from 47.78 to 70.07 over the past decade. While the company's 10-year median is 59.17 vs. the industry median of 6.96, B3 - Brasil Bolsa Balcao has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. B3 - Brasil Bolsa Balcao's current Operating Margin % of 67.10% is 864.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on B3 - Brasil Bolsa Balcao and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B3 - Brasil Bolsa Balcao's current Operating Margin % is 67.10%, which is 13% above median its own 10-year median of 59.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B3 - Brasil Bolsa Balcao stock overvalued right now?
Based on GuruFocus' analysis, B3 - Brasil Bolsa Balcao (BSP:B3SA3) is currently considered Fairly Valued. The stock's GF Value™ is R$16.41, compared to a current price of R$15.03 — trading 8.4% below its estimated fair value. The current Operating Margin % is 67.10%, which is 13% above median its 10-year median of 59.17 and 864.8% above the Capital Markets industry median of 6.96. B3 - Brasil Bolsa Balcao's overall GF Score™ is 88/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For B3 - Brasil Bolsa Balcao (BSP:B3SA3), the current Operating Margin % is 67.10% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is B3 - Brasil Bolsa Balcao (BSP:B3SA3) Overvalued in 2026?
Based on GuruFocus' analysis, B3 - Brasil Bolsa Balcao stock appears to be undervalued.
The current stock price of R$15.03 is trading 8.4% below its estimated GF Value™ of R$16.41.
GuruFocus considers B3 - Brasil Bolsa Balcao to be Fairly Valued.
Key valuation signals for BSP:B3SA3:
Operating Margin %: 67.10% (13% above median its 10-year median of 59.17)
GF Value™: R$16.41 vs. price of R$15.03 (8.4% below fair value)
Industry Position: 864.8% above the Capital Markets median (#70 of 664)
No single metric tells the full story. See the BSP:B3SA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B3 SA - Brasil Bolsa Balcao is a financial market exchange. Its services consist of trading, clearing, and other post-trade services. The company's activities are carried out through its trading systems and clearinghouses and include transactions with securities, interbank foreign exchange, and securities under custody in the special system for settlement and custody. The company's segment involves: Markets, Data Analytics Solutions (Trillia), Capital Market Solutions and Technology & Platforms . It derives maximum revenue from the Technology & Platforms Segment.
88GF Score
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