Futu HoldingsMEX:FUTUN 85 Operating Margin % is 60.28% as of Mar. 2026, which is 35% above its 10-year median of 44.54. GuruFocus rates MEX:FUTUN with a GF Score™ of 85/100 and a GF Value™ of MXN2,828.94 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 664 Capital Markets companies, Futu Holdings ranks better than 88.4% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Futu Holdings's Operating Income for the
three
months ended in Mar. 2026 was MXN8,133 Mil. Futu Holdings's Revenue for the
three
months ended in Mar. 2026 was MXN13,492 Mil. Therefore, Futu Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 60.28%.
Good Sign:
Futu Holdings Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Futu Holdings's Operating Margin % or its related term are showing as below:
MEX:FUTUN'
s Operating Margin % Range Over the Past 10 Years
Min: -127.18 Med: 44.54 Max: 62.17
Current: 62.17
MEX:FUTUN's Operating Margin % is ranked better than 88.4% of 664
companies
in the Capital Markets industry
Industry Median: 6.955
vs MEX:FUTUN: 62.17
Futu Holdings's 5-Year Average Operating Margin % Growth Rate was 5.80% per year.
Futu Holdings's Operating Income for the
three
months ended in Mar. 2026 was MXN8,133 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN34,953 Mil.
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.
Futu Holdings Operating Margin % Related Terms
Futu Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for Futu Holdings's Operating Margin % can be seen below:
* 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.
MEX:FUTUN vs HUT, EVR, WULF: Operating Margin % Comparison
For the Capital Markets subindustry, Futu Holdings'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.
Futu Holdings Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Futu Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Futu Holdings's Operating Margin % falls into.
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.
Futu Holdings'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.
Futu Holdings (MEX:FUTUN) has a Operating Margin % of 60.28% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Futu Holdings and its competitors. This is 35% above median its historical median of 44.54. According to the industry distribution chart, Futu Holdings ranks #77 out of 664 companies in the Capital Markets industry, placing it in the top 11.6%.
Is Futu Holdings' Operating Margin % too high?
Futu Holdings' current Operating Margin % of 60.28% is 35% above median its 10-year median of 44.54. The Capital Markets industry median Operating Margin % is 6.96. Futu Holdings' value of 60.28% is 766.7% above this industry median. Based on the distribution chart, Futu Holdings ranks #77 out of 664 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Futu Holdings has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Futu Holdings' Operating Margin % compare to HUT and EVR?
According to the Capital Markets industry distribution chart, Futu Holdings ranks #77 out of 664 companies for Operating Margin %. This places Futu Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.96. Futu Holdings' value of 60.28% is 766.7% above this benchmark. While the company's 10-year median is 44.54 vs. the industry median of 6.96, Futu Holdings 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. Futu Holdings's current Operating Margin % of 60.28% is 766.7% 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 Futu Holdings 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. Futu Holdings's current Operating Margin % is 60.28%, which is 35% above median its own 10-year median of 44.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Futu Holdings (MEX:FUTUN) is currently considered Possible Value Trap. The stock's GF Value™ is MXN2,828.94, compared to a current price of MXN1,750.00 — trading 38.1% below its estimated fair value. The current Operating Margin % is 60.28%, which is 35% above median its 10-year median of 44.54 and 766.7% above the Capital Markets industry median of 6.96. Futu Holdings' overall GF Score™ is 85/100 with 1 warning sign 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 Futu Holdings (MEX:FUTUN), the current Operating Margin % is 60.28% 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 Futu Holdings (MEX:FUTUN) Overvalued in 2026?
Based on GuruFocus' analysis, Futu Holdings stock appears to be undervalued.
The current stock price of MXN1,750.00 is trading 38.1% below its estimated GF Value™ of MXN2,828.94.
GuruFocus considers Futu Holdings to be Possible Value Trap.
Key valuation signals for MEX:FUTUN:
Operating Margin %: 60.28% (35% above median its 10-year median of 44.54)
GF Value™: MXN2,828.94 vs. price of MXN1,750.00 (38.1% below fair value)
Industry Position: 766.7% above the Capital Markets median (#77 of 664)
No single metric tells the full story. See the MEX:FUTUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Futu Holdings Ltd is an online broker providing one-stop online investing services.. Through its proprietary digital platforms, Futubull and Moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Group engages in online brokerage services and margin financing services. It generates its revenue in the form of brokerage commission and handling charge services, and interest income. Geographically, it operates in Hong Kong, which derives key revenue and it also has its presence in other countries.
85GF Score
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