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 80.29% is in line with its 5-year average of 78.11%, near the high end of its 5-year range (73.42%–82.53%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.59% below its 12-month average of 80.77%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
80.29%
GROSS MARGIN AVG TTM
80.77%
GROSS MARGIN AVG 3Y
79.41%
GROSS MARGIN AVG 5Y
78.11%
GROSS MARGIN AVG 10Y
76.66%
GROSS MARGIN AVG 15Y
75.12%
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-0.59%
CURRENT VS 3Y AVG
+1.11%
CURRENT VS 5Y AVG
+2.80%
CURRENT VS 10Y AVG
+4.74%
CURRENT VS 15Y AVG
+6.88%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
57.46%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
+39.74%
vs the sector median at left
Market Cap
$99.97B
Gross Margin
47.48%
TTM Avg
50.39%
3Y Avg
49.13%
5Y Avg
48.16%
Market Cap
$131.68B
Gross Margin
88.37%
TTM Avg
85.85%
3Y Avg
76.94%
5Y Avg
72.35%
Market Cap
$89.98B
Gross Margin
88.85%
TTM Avg
86.20%
3Y Avg
87.84%
5Y Avg
88.28%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | $111.63B | 80.29% | 80.77% | 79.41% | 78.11% |
| ServiceNow, Inc. (NOW)vs › | $102.12B | 74.77% | 78.36% | 78.40% | 78.13% |
| Automatic Data Processing, Inc. (ADP)vs › | $99.97B | 47.48% | 50.39% | 49.13% | 48.16% |
| Corning Inc (GLW)vs › | $126.24B | 36.31% | 33.94% | 32.72% | 33.01% |
| Cloudflare, Inc. (NET)vs › | $93.11B | 73.33% | 75.91% | 76.08% | 76.41% |
| Snowflake Inc. (SNOW)vs › | $92.91B | 67.15% | 66.84% | 66.73% | 64.72% |
| AppLovin Corporation (APP)vs › | $131.68B | 88.37% | 85.85% | 76.94% | 72.35% |
| Cadence Design Systems, Inc. (CDNS)vs › | $89.98B | 88.85% | 86.20% | 87.84% | 88.28% |
| Accenture plc (ACN)vs › | $89.95B | 31.97% | 32.26% | 32.21% | 32.13% |
| Adobe Inc. (ADBE)vs › | $89.48B | 89.12% | 88.83% | 88.31% | 88.28% |
Gross Margin
80.3%
(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 | 80.29% |
| 2025-12-31 | 79.57% |
| 2025-09-30 | 81.53% |
| 2025-06-30 | 81.49% |
| 2025-03-31 | 80.96% |
| 2024-12-31 | 81.06% |
| 2024-09-30 | 82.53% |
| 2024-06-30 | 80.83% |
| 2024-03-31 | 77.48% |
| 2023-12-31 | 77.68% |
| 2023-09-30 | 76.20% |
| 2023-06-30 | 77.12% |
| 2023-03-31 | 75.62% |
| 2022-12-31 | 76.83% |
| 2022-09-30 | 75.38% |
| 2022-06-30 | 75.65% |
| 2022-03-31 | 73.42% |
| 2021-12-31 | 76.31% |
| 2021-09-30 | 75.65% |
| 2021-06-30 | 76.67% |
| 2021-03-31 | 77.95% |
| 2020-12-31 | 77.67% |
| 2020-09-30 | 78.62% |
| 2020-06-30 | 78.13% |
| 2020-03-31 | 77.72% |
| 2019-12-31 | 77.13% |
| 2019-09-30 | 77.36% |
| 2019-06-30 | 75.41% |
| 2019-03-31 | 76.09% |
| 2018-12-31 | 74.65% |
| 2018-09-30 | 75.41% |
| 2018-06-30 | 74.37% |
| 2018-03-31 | 75.64% |
| 2017-12-31 | 74.70% |
| 2017-09-30 | 74.99% |
| 2017-06-30 | 73.67% |
| 2017-03-31 | 73.40% |
| 2016-12-31 | 74.95% |
| 2016-09-30 | 73.22% |
| 2016-06-30 | 72.86% |
| 2016-03-31 | 72.72% |
| 2015-12-31 | 72.35% |
| 2015-09-30 | 72.43% |
| 2015-06-30 | 71.02% |
| 2015-03-31 | 70.12% |
| 2014-12-31 | 70.70% |
| 2014-09-30 | 70.58% |
| 2014-06-30 | 68.63% |
| 2014-03-31 | 69.97% |
| 2013-12-31 | 69.62% |
| 2013-09-30 | 71.60% |
| 2013-06-30 | 70.35% |
| 2013-03-31 | 71.19% |
| 2012-12-31 | 72.58% |
| 2012-09-30 | 72.25% |
| 2012-06-30 | 71.21% |
| 2012-03-31 | 73.52% |
| 2011-12-31 | 73.12% |
| 2011-09-30 | 73.25% |
| 2011-06-30 | 74.22% |
| 2011-03-31 | 74.89% |
| 2010-12-31 | 74.12% |
| 2010-09-30 | 74.76% |
| 2010-06-30 | 73.58% |
| 2010-03-31 | 72.24% |
| 2009-12-31 | 70.43% |
| 2009-09-30 | 73.53% |
| 2009-06-30 | 72.32% |
| 2009-03-31 | 72.96% |
| 2008-12-31 | 69.77% |
| 2008-09-30 | 70.89% |
