Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 85.70%
September 30, 2023 86.20%
June 30, 2023 87.90%
March 31, 2023 88.35%
December 31, 2022 81.57%
September 30, 2022 83.12%
June 30, 2022 85.61%
March 31, 2022 86.33%
December 31, 2021 80.82%
September 30, 2021 85.23%
Date Value
June 30, 2021 87.50%
March 31, 2021 84.50%
December 31, 2020 84.30%
September 30, 2020 86.77%
June 30, 2020 86.02%
March 31, 2020 85.75%
December 31, 2019 85.40%
September 30, 2019 85.80%
June 30, 2019 85.22%
March 31, 2019 86.25%

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

80.82%
Minimum
Dec 2021
88.35%
Maximum
Mar 2023
85.37%
Average
85.70%
Median
Dec 2023

Gross Profit Margin (Quarterly) Benchmarks

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