Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
June 30, 2024 89.94%
March 31, 2024 89.19%
December 31, 2023 88.94%
September 30, 2023 88.53%
June 30, 2023 88.89%
March 31, 2023 89.51%
December 31, 2022 88.42%
September 30, 2022 86.98%
June 30, 2022 86.48%
Date Value
March 31, 2022 86.54%
December 31, 2021 87.68%
September 30, 2021 87.70%
June 30, 2021 87.10%
March 31, 2021 86.56%
December 31, 2020 86.68%
September 30, 2020 85.13%
June 30, 2020 86.61%
March 31, 2020 85.62%

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

85.13%
Minimum
Sep 2020
89.94%
Maximum
Jun 2024
87.58%
Average
87.39%
Median

Gross Profit Margin (Quarterly) Benchmarks