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 61.65% is in line with its 5-year average of 67.50%, near the low end of its 5-year range (49.72%–97.81%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.20% above its 12-month average of 58.60%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
61.65%
GROSS MARGIN AVG TTM
58.60%
GROSS MARGIN AVG 3Y
57.20%
GROSS MARGIN AVG 5Y
67.50%
GROSS MARGIN AVG 10Y
75.94%
GROSS MARGIN AVG 15Y
79.39%
GROSS MARGIN AVG 20Y
75.29%
CURRENT VS TTM AVG
+5.20%
CURRENT VS 3Y AVG
+7.78%
CURRENT VS 5Y AVG
-8.67%
CURRENT VS 10Y AVG
-18.82%
CURRENT VS 15Y AVG
-22.35%
CURRENT VS 20Y AVG
-18.12%
SECTOR MEDIAN · FINANCIAL SERVICES
56.08%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+9.93%
vs the sector median at left
Market Cap
$300.43B
Gross Margin
47.48%
TTM Avg
44.30%
3Y Avg
48.82%
5Y Avg
60.59%
Market Cap
$264.55B
Gross Margin
64.50%
TTM Avg
63.48%
3Y Avg
70.30%
5Y Avg
75.77%
Market Cap
$227.07B
Gross Margin
84.35%
TTM Avg
82.56%
3Y Avg
84.69%
5Y Avg
86.88%
Market Cap
$439.63B
Gross Margin
56.08%
TTM Avg
53.00%
3Y Avg
60.28%
5Y Avg
70.02%
Market Cap
$183.03B
Gross Margin
86.67%
TTM Avg
80.92%
3Y Avg
82.18%
5Y Avg
87.13%
Market Cap
$168.90B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Morgan Stanley (MS) | $332.03B | 61.65% | 58.60% | 57.20% | 67.50% |
| The Goldman Sachs Group, Inc. (GS)vs › | $300.43B | 47.48% | 44.30% | 48.82% | 60.59% |
| Wells Fargo & Company (WFC)vs › | $264.55B | 64.50% | 63.48% | 70.30% | 75.77% |
| Citigroup Inc. (C)vs › | $227.12B | 44.55% | 43.10% | 49.78% | 59.91% |
| American Express Company (AXP)vs › | $227.07B | 84.35% | 82.56% | 84.69% | 86.88% |
| Bank of America Corporation (BAC)vs › | $439.63B | 56.08% | 53.00% | 60.28% | 70.02% |
| The Charles Schwab Corporation (SCHW)vs › | $183.03B | 86.67% | 80.92% | 82.18% | 87.13% |
| BlackRock, Inc. (BLK)vs › | $169.00B | 46.70% | 48.06% | 48.19% | 49.07% |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $168.90B | N/A | N/A | N/A | N/A |
| Mastercard Incorporated (MA)vs › | $502.63B | 83.62% | 77.10% | 76.64% | 76.34% |
Gross Margin
61.6%
(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 |
|---|---|
| 2026-06-30 | 61.65% |
| 2026-03-31 | 61.79% |
| 2025-12-31 | 58.02% |
| 2025-09-30 | 56.85% |
| 2025-06-30 | 54.71% |
| 2025-03-31 | 58.69% |
| 2024-12-31 | 57.46% |
| 2024-09-30 | 54.16% |
| 2024-06-30 | 54.73% |
| 2024-03-31 | 56.10% |
| 2023-12-31 | 49.72% |
| 2023-09-30 | 54.43% |
| 2023-06-30 | 57.81% |
| 2023-03-31 | 63.01% |
| 2022-12-31 | 62.79% |
| 2022-09-30 | 76.95% |
| 2022-06-30 | 89.47% |
| 2022-03-31 | 96.58% |
| 2021-12-31 | 97.67% |
| 2021-09-30 | 97.81% |
| 2021-06-30 | 97.07% |
| 2021-03-31 | 97.96% |
| 2020-12-31 | 97.17% |
| 2020-09-30 | 94.13% |
| 2020-06-30 | 92.72% |
| 2020-03-31 | 77.17% |
| 2019-12-31 | 80.23% |
| 2019-09-30 | 75.00% |
| 2019-06-30 | 73.44% |
| 2019-03-31 | 74.74% |
| 2018-12-31 | 71.80% |
| 2018-09-30 | 77.58% |
| 2018-06-30 | 80.72% |
| 2018-03-31 | 84.72% |
| 2017-12-31 | 84.93% |
| 2017-09-30 | 84.78% |
| 2017-06-30 | 86.89% |
| 2017-03-31 | 88.55% |
| 2016-12-31 | 89.66% |
| 2016-09-30 | 92.01% |
| 2016-06-30 | 91.79% |
| 2016-03-31 | 89.63% |
| 2015-12-31 | 93.85% |
| 2015-09-30 | 91.36% |
| 2015-06-30 | 93.08% |
| 2015-03-31 | 91.41% |
| 2014-12-31 | 89.75% |
| 2014-09-30 | 91.10% |
| 2014-06-30 | 89.24% |
| 2014-03-31 | 89.21% |
| 2013-12-31 | 90.26% |
| 2013-09-30 | 86.76% |
| 2013-06-30 | 88.34% |
| 2013-03-31 | 86.49% |
| 2012-12-31 | 80.02% |
| 2012-09-30 | 76.24% |
| 2012-06-30 | 81.51% |
| 2012-03-31 | 80.29% |
| 2011-12-31 | 72.94% |
| 2011-09-30 | 85.92% |
| 2011-06-30 | 81.94% |
| 2011-03-31 | 80.34% |
| 2010-12-31 | 77.55% |
| 2010-09-30 | 79.50% |
| 2010-06-30 | 83.22% |
| 2010-03-31 | 86.90% |
| 2009-12-31 | 81.52% |
| 2009-09-30 | 86.21% |
| 2009-06-30 | 73.80% |
| 2009-03-31 | 55.65% |
| 2008-11-30 | -89.03% |
| 2008-08-31 | 48.23% |
| 2008-05-31 | 39.47% |
| 2008-02-29 | 39.28% |
| 2007-11-30 | -16.13% |
| 2007-08-31 | 37.48% |
| 2007-05-31 | 39.40% |
| 2007-02-28 | 44.57% |
| 2006-11-30 | 40.29% |
| 2006-08-31 | 36.77% |
| 2006-05-31 | 46.37% |
| 2006-02-28 | 47.07% |
| 2005-11-30 | 43.72% |
| 2005-08-31 | 52.80% |
| 2005-05-31 | 51.11% |
| 2005-02-28 | 58.70% |
| 2004-11-30 | 53.42% |
| 2004-08-31 | 55.15% |
| 2004-05-31 | 67.86% |
| 2004-02-29 | 65.53% |
| 2003-11-30 | 55.95% |
| 2003-08-31 | 58.32% |
| 2003-05-31 | 59.98% |
| 2003-02-28 | 64.43% |
| 2002-11-30 | 56.13% |
| 2002-08-31 | 56.84% |
