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 87.37% is in line with its 5-year average of 79.86%, near the high end of its 5-year range (6.15%–118.87%).
As of the fiscal period ended Thursday, April 30, 2026. 2.35% below its 12-month average of 89.47%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
87.37%
GROSS MARGIN AVG TTM
89.47%
GROSS MARGIN AVG 3Y
89.16%
GROSS MARGIN AVG 5Y
79.86%
GROSS MARGIN AVG 10Y
91.69%
GROSS MARGIN AVG 15Y
96.20%
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-2.35%
CURRENT VS 3Y AVG
-2.00%
CURRENT VS 5Y AVG
+9.40%
CURRENT VS 10Y AVG
-4.71%
CURRENT VS 15Y AVG
-9.18%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
58.77%
median of 94 covered companies
CURRENT VS SECTOR MEDIAN
+48.65%
vs the sector median at left
Nuveen Quality Municipal Income Fund
Market Cap
$2.75B
Gross Margin
87.37%
TTM Avg
89.47%
3Y Avg
89.16%
5Y Avg
79.86%
Market Cap
$752.19M
Gross Margin
57.83%
TTM Avg
42.63%
3Y Avg
55.72%
5Y Avg
66.29%
Market Cap
$702.16M
Gross Margin
83.53%
TTM Avg
87.03%
3Y Avg
83.31%
5Y Avg
84.77%
Market Cap
$678.00M
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$330.31M
Gross Margin
84.12%
TTM Avg
83.56%
3Y Avg
104.03%
5Y Avg
81.56%
Market Cap
$299.17M
Gross Margin
67.66%
TTM Avg
67.59%
3Y Avg
75.75%
5Y Avg
78.81%
Market Cap
$197.66M
Gross Margin
86.88%
TTM Avg
93.67%
3Y Avg
108.72%
5Y Avg
144.02%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen Quality Municipal Income Fund (NAD) | $2.75B | 87.37% | 89.47% | 89.16% | 79.86% |
| Lufax Holding Ltd (LU)vs › | $1.32B | 74.93% | 74.93% | 74.92% | 76.18% |
| Washington Trust Bancorp, Inc. (WASH)vs › | $752.19M | 57.83% | 42.63% | 55.72% | 66.29% |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $702.16M | 83.53% | 87.03% | 83.31% | 84.77% |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $678.00M | N/A | N/A | N/A | N/A |
| Hypoport SE (HYPOF)vs › | $630.67M | 15.50% | 29.28% | 39.55% | 44.73% |
| BlackRock Floating Rate Income Trust (BGT)vs › | $330.31M | 84.12% | 83.56% | 104.03% | 81.56% |
| Isabella Bank Corporation (ISBA)vs › | $299.17M | 67.66% | 67.59% | 75.75% | 78.81% |
| Franklin Universal Trust (FT)vs › | $197.66M | 86.88% | 93.67% | 108.72% | 144.02% |
| DeFi Technologies Inc. (DEFT)vs › | $195.42M | 70.40% | 81.72% | -248.27% | -154.09% |
Gross Margin
87.4%
(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 |
|---|---|
| 2026-04-30 | 87.37% |
| 2025-10-31 | 81.04% |
| 2025-04-30 | 100.00% |
| 2024-10-31 | 86.81% |
| 2024-04-30 | 118.87% |
| 2023-10-31 | 50.00% |
| 2023-04-30 | 100.00% |
| 2022-10-31 | 6.15% |
| 2022-04-30 | 77.54% |
| 2021-10-31 | 84.73% |
| 2021-04-30 | 85.99% |
| 2020-10-31 | 100.00% |
| 2020-04-30 | 100.00% |
| 2019-10-31 | 86.40% |
| 2019-04-30 | 27.51% |
| 2018-10-31 | 30.41% |
| 2018-04-30 | 34.69% |
| 2017-10-31 | 100.00% |
| 2017-04-30 | 100.00% |
| 2016-10-31 | 100.00% |
| 2016-04-30 | 100.00% |
| 2015-10-31 | 100.00% |
| 2015-04-30 | 100.00% |
| 2014-10-31 | 100.00% |
| 2014-04-30 | 100.00% |
| 2013-10-31 | 100.00% |
| 2013-04-30 | 100.00% |
| 2012-10-31 | 100.00% |
| 2012-04-30 | 100.00% |
