Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 91.60%
December 31, 2023 89.69%
September 30, 2023 88.70%
June 30, 2023 90.15%
Date Value
March 31, 2023 92.01%
December 31, 2022 90.60%
September 30, 2022 88.58%
June 30, 2022 88.85%

Gross Profit Margin Definition

Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.

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Gross Profit Margin (Quarterly) Range, Past 5 Years

88.58%
Minimum
Sep 2022
92.01%
Maximum
Mar 2023
90.02%
Average
89.92%
Median

Gross Profit Margin (Quarterly) Benchmarks

Gross Profit Margin (Quarterly) Related Metrics