Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 71.69%
September 30, 2023 72.40%
June 30, 2023 70.75%
March 31, 2023 71.70%
December 31, 2022 71.34%
September 30, 2022 71.94%
June 30, 2022 71.79%
March 31, 2022 72.39%
December 31, 2021 71.82%
Date Value
September 30, 2021 71.82%
June 30, 2021 72.10%
March 31, 2021 71.36%
December 31, 2020 69.75%
September 30, 2020 70.62%
June 30, 2020 70.39%
March 31, 2020 68.94%
December 31, 2019 69.15%

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

68.94%
Minimum
Mar 2020
72.40%
Maximum
Sep 2023
71.17%
Average
71.69%
Median
Dec 2023

Gross Profit Margin (Quarterly) Benchmarks

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