Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 92.97%
December 31, 2023 94.71%
September 30, 2023 94.08%
June 30, 2023 95.29%
March 31, 2023 94.05%
December 31, 2022 85.44%
September 30, 2022 95.02%
Date Value
June 30, 2022 96.19%
March 31, 2022 95.78%
December 31, 2021 95.72%
September 30, 2021 96.10%
June 30, 2021 97.37%
March 31, 2021 94.88%

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

85.44%
Minimum
Dec 2022
97.37%
Maximum
Jun 2021
94.43%
Average
95.02%
Median
Sep 2022

Gross Profit Margin (Quarterly) Benchmarks