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 70.36% is in line with its 5-year average of 71.84%, around the middle of its 5-year range (67.55%–74.83%).
1.22% below its 12-month average of 71.23%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
70.36%
GROSS MARGIN AVG TTM
71.23%
GROSS MARGIN AVG 3Y
73.92%
GROSS MARGIN AVG 5Y
71.84%
GROSS MARGIN AVG 10Y
71.77%
GROSS MARGIN AVG 15Y
72.35%
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-1.22%
CURRENT VS 3Y AVG
-4.81%
CURRENT VS 5Y AVG
-2.06%
CURRENT VS 10Y AVG
-1.96%
CURRENT VS 15Y AVG
-2.75%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
56.77%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
+23.95%
vs the sector median at left
Palo Alto Networks, Inc.
Market Cap
$274.64B
Gross Margin
70.36%
TTM Avg
71.23%
3Y Avg
73.92%
5Y Avg
71.84%
Market Cap
$279.31B
Gross Margin
95.35%
TTM Avg
93.67%
3Y Avg
93.21%
5Y Avg
92.17%
Market Cap
$257.38B
Gross Margin
71.47%
TTM Avg
71.47%
3Y Avg
39.21%
5Y Avg
31.59%
Market Cap
$245.49B
Gross Margin
63.00%
TTM Avg
64.09%
3Y Avg
62.80%
5Y Avg
63.16%
Market Cap
$236.46B
Gross Margin
58.33%
TTM Avg
57.58%
3Y Avg
61.71%
5Y Avg
63.06%
Market Cap
$218.66B
Gross Margin
58.43%
TTM Avg
57.42%
3Y Avg
56.07%
5Y Avg
55.85%
Market Cap
$213.85B
Gross Margin
75.25%
TTM Avg
74.80%
3Y Avg
74.51%
5Y Avg
74.23%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Palo Alto Networks, Inc. (PANW) | $274.64B | 70.36% | 71.23% | 73.92% | 71.84% |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $279.31B | 95.35% | 93.67% | 93.21% | 92.17% |
| Sandisk Corporation (SNDK)vs › | $257.38B | 71.47% | 71.47% | 39.21% | 31.59% |
| KLA Corporation (KLAC)vs › | $246.86B | 61.30% | 61.10% | 60.50% | 60.49% |
| SAP SE (SAP)vs › | $246.50B | 72.75% | 72.91% | 72.70% | 72.53% |
| Arista Networks, Inc. (ANET)vs › | $245.49B | 63.00% | 64.09% | 62.80% | 63.16% |
| Texas Instruments Incorporated (TXN)vs › | $236.46B | 58.33% | 57.58% | 61.71% | 63.06% |
| International Business Machines Corporation (IBM)vs › | $218.66B | 58.43% | 57.42% | 56.07% | 55.85% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $213.85B | 75.25% | 74.80% | 74.51% | 74.23% |
| Salesforce, Inc. (CRM)vs › | $204.03B | 77.28% | 77.44% | 75.93% | 75.27% |
Gross Margin
70.4%
(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 |
|---|---|
| 2026-07-31 | 67.57% |
| 2026-04-30 | 67.55% |
| 2026-01-31 | 73.59% |
| 2025-10-31 | 74.21% |
| 2025-07-31 | 73.23% |
| 2025-04-30 | 72.94% |
| 2025-01-31 | 73.46% |
| 2024-10-31 | 74.10% |
| 2024-07-31 | 73.80% |
| 2024-04-30 | 74.12% |
| 2024-01-31 | 74.73% |
| 2023-10-31 | 74.83% |
| 2023-07-31 | 74.05% |
| 2023-04-30 | 72.41% |
| 2023-01-31 | 71.83% |
| 2022-10-31 | 70.46% |
| 2022-07-31 | 68.25% |
| 2022-04-30 | 68.23% |
| 2022-01-31 | 69.22% |
| 2021-10-31 | 69.49% |
| 2021-07-31 | 70.57% |
| 2021-04-30 | 69.22% |
| 2021-01-31 | 69.75% |
| 2020-10-31 | 70.63% |
| 2020-07-31 | 69.44% |
| 2020-04-30 | 70.29% |
| 2020-01-31 | 71.46% |
| 2019-10-31 | 71.80% |
| 2019-07-31 | 73.02% |
| 2019-04-30 | 71.80% |
| 2019-01-31 | 71.51% |
| 2018-10-31 | 72.03% |
| 2018-07-31 | 71.93% |
| 2018-04-30 | 71.80% |
| 2018-01-31 | 70.63% |
| 2017-10-31 | 72.03% |
| 2017-07-31 | 72.80% |
| 2017-04-30 | 71.35% |
| 2017-01-31 | 73.21% |
| 2016-10-31 | 74.55% |
| 2016-07-31 | 74.63% |
| 2016-04-30 | 72.56% |
| 2016-01-31 | 71.86% |
| 2015-10-31 | 73.35% |
| 2015-07-31 | 73.82% |
| 2015-04-30 | 72.50% |
| 2015-01-31 | 72.74% |
| 2014-10-31 | 72.21% |
| 2014-07-31 | 72.73% |
| 2014-04-30 | 73.65% |
| 2014-01-31 | 73.41% |
| 2013-10-31 | 73.63% |
| 2013-07-31 | 73.08% |
| 2013-04-30 | 72.66% |
| 2013-01-31 | 71.38% |
| 2012-10-31 | 71.85% |
| 2012-07-31 | 71.49% |
| 2012-04-30 | 71.64% |
| 2012-01-31 | 72.63% |
| 2011-10-31 | 74.02% |
| 2011-07-31 | 71.78% |
| 2011-04-30 | 73.46% |