Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 97.19%
December 31, 2023 96.97%
September 30, 2023 98.19%
June 30, 2023 96.18%
March 31, 2023 96.23%
December 31, 2022 96.27%
September 30, 2022 95.97%
June 30, 2022 97.03%
March 31, 2022 96.64%
Date Value
December 31, 2021 97.40%
September 30, 2021 98.03%
June 30, 2021 97.58%
March 31, 2021 98.18%
December 31, 2020 98.07%
September 30, 2020 98.11%
June 30, 2020 97.87%
December 31, 2019 93.02%

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

93.02%
Minimum
Dec 2019
98.19%
Maximum
Sep 2023
97.00%
Average
97.19%
Median
Mar 2024

Gross Profit Margin (Quarterly) Benchmarks

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