Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 28.80% is 33% above its 5-year average of 21.61%, near the high end of its 5-year range (18.14%–28.80%).
As of the fiscal period ended Tuesday, March 31, 2026. 16.80% above its 12-month average of 24.66%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
28.80%
GROSS MARGIN AVG TTM
24.66%
GROSS MARGIN AVG 3Y
22.70%
GROSS MARGIN AVG 5Y
20.90%
GROSS MARGIN AVG 10Y
20.38%
GROSS MARGIN AVG 15Y
24.97%
GROSS MARGIN AVG 20Y
22.61%
CURRENT VS TTM AVG
+16.80%
CURRENT VS 3Y AVG
+26.89%
CURRENT VS 5Y AVG
+37.78%
CURRENT VS 10Y AVG
+41.30%
CURRENT VS 15Y AVG
+15.36%
CURRENT VS 20Y AVG
+27.40%
SECTOR MEDIAN · FINANCIAL SERVICES
56.08%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-48.65%
vs the sector median at left
Berkshire Hathaway Inc.
Market Cap
$1.07T
Gross Margin
28.80%
TTM Avg
24.66%
3Y Avg
22.70%
5Y Avg
20.90%
Market Cap
$1.07T
Gross Margin
23.93%
TTM Avg
23.47%
3Y Avg
21.52%
5Y Avg
20.99%
Market Cap
$954.44B
Gross Margin
62.60%
TTM Avg
59.27%
3Y Avg
64.78%
5Y Avg
73.49%
Market Cap
$778.94B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$625.10B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$487.48B
Gross Margin
82.96%
TTM Avg
79.87%
3Y Avg
78.02%
5Y Avg
77.26%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $1.07T | 28.80% | 24.66% | 22.70% | 20.90% |
| Berkshire Hathaway Inc. (BRK-A)vs › | $1.07T | 23.93% | 23.47% | 21.52% | 20.99% |
| JPMorgan Chase & Co. (JPM)vs › | $954.44B | 62.60% | 59.27% | 64.78% | 73.49% |
| State Street SPDR S&P 500 ETF (SPY)vs › | $778.94B | N/A | N/A | N/A | N/A |
| Visa Inc. (V)vs › | $694.91B | 81.29% | 80.38% | 80.27% | 79.97% |
| Vanguard Total Stock Market ETF (VTI)vs › | $625.10B | N/A | N/A | N/A | N/A |
| Mastercard Incorporated (MA)vs › | $487.48B | 82.96% | 79.87% | 78.02% | 77.26% |
| Vanguard S&P 500 ETF (VOO)vs › | $1.65T | N/A | N/A | N/A | N/A |
| Invesco QQQ Trust, Series 1 (QQQ)vs › | $473.94B | N/A | N/A | N/A | N/A |
| Bank of America Corporation (BAC)vs › | $440.91B | 56.08% | 53.00% | 60.28% | 70.02% |
Gross Margin
28.8%
(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 |
|---|---|
| 2026-03-31 | 28.80% |
| 2025-12-31 | 23.01% |
| 2025-09-30 | 24.62% |
| 2025-06-30 | 24.12% |
| 2025-03-31 | 22.73% |
| 2024-12-31 | 27.80% |
| 2024-09-30 | 21.84% |
| 2024-06-30 | 21.84% |
| 2024-03-31 | 22.47% |
| 2023-12-31 | 19.03% |
| 2023-09-30 | 20.32% |
| 2023-06-30 | 19.59% |
| 2023-03-31 | 18.88% |
| 2022-12-31 | 19.60% |
| 2022-09-30 | 18.14% |
| 2022-06-30 | 21.33% |
| 2022-03-31 | 19.59% |
| 2021-12-31 | 19.77% |
| 2021-09-30 | 18.60% |
| 2021-06-30 | 20.69% |
| 2021-03-31 | 20.96% |
| 2020-12-31 | 19.00% |
| 2020-09-30 | 19.46% |
| 2020-06-30 | 20.88% |
| 2020-03-31 | 20.27% |
| 2019-12-31 | 18.24% |
| 2019-09-30 | 21.99% |
| 2019-06-30 | 21.08% |
| 2019-03-31 | 20.73% |
| 2018-12-31 | 18.48% |
| 2018-09-30 | 21.39% |
| 2018-06-30 | 21.86% |
| 2018-03-31 | 20.14% |
| 2017-12-31 | 17.65% |
| 2017-09-30 | 16.95% |
| 2017-06-30 | 20.17% |
| 2017-03-31 | 15.99% |
| 2016-12-31 | 20.37% |
| 2016-09-30 | 22.33% |
| 2016-06-30 | 39.60% |
| 2016-03-31 | 39.62% |
| 2015-12-31 | 41.01% |
| 2015-09-30 | 48.65% |
| 2015-06-30 | 39.82% |
| 2015-03-31 | 42.02% |
| 2014-12-31 | 41.98% |
| 2014-09-30 | 40.02% |
| 2014-06-30 | 45.81% |
| 2014-03-31 | 44.85% |
| 2013-12-31 | 43.70% |
| 2013-09-30 | 43.26% |
| 2013-06-30 | 42.51% |
| 2013-03-31 | 42.75% |
| 2012-12-31 | 43.53% |
| 2012-09-30 | 1.87% |
| 2012-06-30 | -2.68% |
| 2012-03-31 | 2.86% |
| 2011-12-31 | -0.27% |
| 2011-09-30 | -5.01% |
| 2011-06-30 | 2.94% |
| 2011-03-31 | -3.06% |
| 2010-12-31 | 47.49% |
| 2010-09-30 | 0.77% |
| 2010-06-30 | -4.66% |
| 2010-03-31 | -10.25% |
| 2009-12-31 | -7.46% |
| 2009-09-30 | -6.39% |
| 2009-06-30 | -3.89% |
| 2009-03-31 | -33.59% |
| 2008-12-31 | 25.30% |
| 2008-09-30 | -15.06% |
| 2008-06-30 | -7.53% |
| 2008-03-31 | -7.20% |
| 2007-12-31 | 85.11% |
| 2007-09-30 | 41.13% |
| 2007-06-30 | 37.98% |
| 2007-03-31 | 28.76% |
| 2006-12-31 | 44.60% |
| 2006-09-30 | 36.77% |
| 2006-06-30 | 34.31% |
| 2006-03-31 | 34.13% |
| 2005-12-31 | -190.97% |
| 2005-09-30 | 14.53% |
| 2005-06-30 | 23.34% |
| 2005-03-31 | 22.46% |
| 2004-12-31 | 27.62% |
| 2004-09-30 | 20.67% |
| 2004-06-30 | 22.12% |
| 2004-03-31 | 23.56% |
| 2003-12-31 | 38.34% |
| 2003-09-30 | 30.53% |
| 2003-06-30 | 39.25% |
| 2003-03-31 | 41.82% |
| 2002-12-31 | -202.81% |
| 2002-09-30 | 34.39% |
| 2002-06-30 | 34.75% |
