FARMERS & MERCHANTS BANCORP
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2009 | — | 51.1% | 21.5% |
| FY2010 | — | 46.7% | 23.0% |
| FY2011 | — | 49.4% | 25.6% |
| FY2012 | — | 48.6% | 26.7% |
| FY2013 | — | 46.0% | 26.9% |
| FY2014 | — | 46.6% | 27.3% |
| FY2015 | — | 47.0% | 27.0% |
| FY2016 | — | 45.3% | 26.9% |
| FY2017 | — | 48.6% | 22.7% |
| FY2018 | — | 48.1% | 32.4% |