Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
June 30, 2024 82.06%
March 31, 2024 82.34%
December 31, 2023 82.37%
September 30, 2023 82.50%
June 30, 2023 82.01%
March 31, 2023 84.99%
December 31, 2022 80.32%
September 30, 2022 81.95%
June 30, 2022 81.09%
March 31, 2022 80.80%
Date Value
December 31, 2021 79.17%
September 30, 2021 80.22%
June 30, 2021 80.68%
March 31, 2021 81.39%
December 31, 2020 87.56%
September 30, 2020 84.31%
June 30, 2020 81.07%
March 31, 2020 85.09%
December 31, 2019 83.84%
September 30, 2019 82.25%

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

79.17%
Minimum
Dec 2021
87.56%
Maximum
Dec 2020
82.30%
Average
82.01%
Median
Jun 2023

Gross Profit Margin (Quarterly) Benchmarks