Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 70.04%
December 31, 2023 70.02%
September 30, 2023 68.92%
June 30, 2023 70.10%
March 31, 2023 70.44%
December 31, 2022 69.51%
September 30, 2022 68.64%
June 30, 2022 69.20%
March 31, 2022 70.13%
Date Value
December 31, 2021 67.55%
September 30, 2021 67.35%
June 30, 2021 55.42%
March 31, 2021 70.51%
December 31, 2020 67.85%
September 30, 2020 67.75%
June 30, 2020 66.56%
March 31, 2020 62.92%

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

55.42%
Minimum
Jun 2021
70.51%
Maximum
Mar 2021
67.82%
Average
68.92%
Median
Sep 2023

Gross Profit Margin (Quarterly) Benchmarks