Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 89.21%
December 31, 2023 89.18%
September 30, 2023 89.01%
June 30, 2023 88.40%
March 31, 2023 88.03%
December 31, 2022 88.04%
September 30, 2022 87.14%
Date Value
June 30, 2022 88.04%
March 31, 2022 87.26%
December 31, 2021 88.25%
September 30, 2021 88.43%
June 30, 2021 88.54%
March 31, 2021 88.50%

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

87.14%
Minimum
Sep 2022
89.21%
Maximum
Mar 2024
88.31%
Average
88.40%
Median
Jun 2023

Gross Profit Margin (Quarterly) Benchmarks

Gross Profit Margin (Quarterly) Related Metrics