Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 31.97% is in line with its 5-year average of 32.63%, around the middle of its 5-year range (29.86%–33.58%).
0.52% below its 12-month average of 32.14%.
Reported quarterly gross margin; no daily interpolation. Q3 FY2026 (2026-05-31): 32.77%.
GROSS MARGIN
31.97%
GROSS MARGIN AVG TTM
32.14%
GROSS MARGIN AVG 3Y
32.69%
GROSS MARGIN AVG 5Y
32.63%
GROSS MARGIN AVG 10Y
31.47%
GROSS MARGIN AVG 15Y
31.09%
GROSS MARGIN AVG 20Y
30.70%
CURRENT VS TTM AVG
-0.52%
CURRENT VS 3Y AVG
-2.20%
CURRENT VS 5Y AVG
-2.03%
CURRENT VS 10Y AVG
+1.59%
CURRENT VS 15Y AVG
+2.83%
CURRENT VS 20Y AVG
+4.14%
SECTOR MEDIAN · TECHNOLOGY
56.41%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-43.33%
vs the sector median at left
Market Cap
$106.86B
Gross Margin
48.19%
TTM Avg
49.52%
3Y Avg
49.47%
5Y Avg
48.53%
Market Cap
$105.65B
Gross Margin
88.46%
TTM Avg
85.85%
3Y Avg
76.94%
5Y Avg
72.35%
Market Cap
$87.64B
Gross Margin
19.47%
TTM Avg
16.54%
3Y Avg
16.88%
5Y Avg
16.92%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Accenture plc (ACN) | $108.87B | 31.97% | 32.14% | 32.69% | 32.63% |
| Cloudflare, Inc. (NET)vs › | $110.39B | 72.58% | 75.91% | 76.08% | 76.41% |
| Automatic Data Processing, Inc. (ADP)vs › | $106.86B | 48.19% | 49.52% | 49.47% | 48.53% |
| AppLovin Corporation (APP)vs › | $105.65B | 88.46% | 85.85% | 76.94% | 72.35% |
| Snowflake Inc. (SNOW)vs › | $114.28B | 67.03% | 66.84% | 66.73% | 64.72% |
| Fortinet, Inc. (FTNT)vs › | $116.55B | 80.38% | 80.70% | 78.38% | 78.02% |
| Adobe Inc. (ADBE)vs › | $98.91B | 89.12% | 88.83% | 88.31% | 88.28% |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $87.64B | 19.47% | 16.54% | 16.88% | 16.92% |
| Intuit Inc. (INTU)vs › | $85.55B | 81.28% | 81.02% | 79.72% | 80.42% |
| ServiceNow, Inc. (NOW)vs › | $135.61B | 74.77% | 78.36% | 78.40% | 78.13% |
Gross Margin
32.0%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-05-31 | 32.77% |
| 2026-02-28 | 30.26% |
| 2025-11-30 | 32.91% |
| 2025-08-31 | 31.89% |
| 2025-05-31 | 32.87% |
| 2025-02-28 | 29.86% |
| 2024-11-30 | 32.92% |
| 2024-08-31 | 32.53% |
| 2024-05-31 | 33.45% |
| 2024-02-29 | 30.88% |
| 2023-11-30 | 33.58% |
| 2023-08-31 | 32.42% |
| 2023-05-31 | 33.38% |
| 2023-02-28 | 30.57% |
| 2022-11-30 | 32.93% |
| 2022-08-31 | 32.07% |
| 2022-05-31 | 32.89% |
| 2022-02-28 | 30.07% |
| 2021-11-30 | 32.85% |
| 2021-08-31 | 33.28% |
| 2021-05-31 | 33.21% |
| 2021-02-28 | 29.74% |
| 2020-11-30 | 33.14% |
| 2020-08-31 | 31.75% |
| 2020-05-31 | 32.10% |
| 2020-02-29 | 30.15% |
| 2019-11-30 | 32.11% |
| 2019-08-31 | 31.07% |
| 2019-05-31 | 31.79% |
| 2019-02-28 | 29.22% |
| 2018-11-30 | 31.09% |
| 2018-08-31 | 30.29% |
| 2018-05-31 | 31.03% |
| 2018-02-28 | 28.74% |
| 2017-11-30 | 30.88% |
| 2017-08-31 | 29.94% |
| 2017-05-31 | 31.10% |
| 2017-02-28 | 28.58% |
| 2016-11-30 | 30.31% |
| 2016-08-31 | 29.62% |
| 2016-05-31 | 29.99% |
| 2016-02-29 | 28.22% |
| 2015-11-30 | 30.27% |
| 2015-08-31 | 29.94% |
| 2015-05-31 | 30.51% |
| 2015-02-28 | 28.25% |
| 2014-11-30 | 30.44% |
| 2014-08-31 | 29.86% |
| 2014-05-31 | 30.78% |
| 2014-02-28 | 29.47% |
| 2013-11-30 | 31.40% |
| 2013-08-31 | 31.22% |
| 2013-05-31 | 31.63% |
| 2013-02-28 | 29.76% |
| 2012-11-30 | 30.86% |
| 2012-08-31 | 30.86% |
| 2012-05-31 | 31.03% |
| 2012-02-29 | 29.15% |
| 2011-11-30 | 29.67% |
| 2011-08-31 | 30.88% |
| 2011-05-31 | 32.06% |
| 2011-02-28 | 29.51% |
| 2010-11-30 | 30.02% |
| 2010-08-31 | 31.63% |
| 2010-05-31 | 32.33% |
| 2010-02-28 | 30.52% |
| 2009-11-30 | 31.04% |
| 2009-08-31 | 30.16% |
| 2009-05-31 | 30.17% |
| 2009-02-28 | 28.68% |
| 2008-11-30 | 29.18% |
| 2008-08-31 | 29.03% |
| 2008-05-31 | 29.16% |
| 2008-02-29 | 27.29% |
| 2007-11-30 | 27.94% |
| 2007-08-31 | 28.61% |
| 2007-05-31 | 29.04% |
| 2007-02-28 | 27.18% |
| 2006-11-30 | 27.72% |
| 2006-08-31 | 30.79% |
| 2006-05-31 | 30.26% |
| 2006-02-28 | 19.34% |
| 2005-11-30 | 29.06% |
| 2005-08-31 | 30.01% |
| 2005-05-31 | 31.34% |
| 2005-02-28 | 27.86% |
| 2004-11-30 | 30.21% |
| 2004-08-31 | 29.14% |
| 2004-05-31 | 32.27% |
| 2004-02-29 | 29.59% |
| 2003-11-30 | 31.07% |
| 2003-08-31 | 30.01% |
| 2003-05-31 | 32.35% |
| 2003-02-28 | 31.66% |
| 2002-11-30 | 34.73% |
| 2002-08-31 | 34.43% |
