Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 69.64%
December 31, 2023 70.59%
September 30, 2023 70.95%
June 30, 2023 70.46%
March 31, 2023 70.95%
December 31, 2022 71.95%
September 30, 2022 72.24%
June 30, 2022 71.94%
Date Value
March 31, 2022 73.52%
December 31, 2021 73.93%
September 30, 2021 72.25%
June 30, 2021 72.72%
March 31, 2021 72.03%
September 30, 2020 73.18%
June 30, 2020 72.72%
December 31, 2019 72.52%

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

69.64%
Minimum
Mar 2024
73.93%
Maximum
Dec 2021
71.97%
Average
72.14%
Median

Gross Profit Margin (Quarterly) Benchmarks