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 73.17% is in line with its 5-year average of 72.51%, near the high end of its 5-year range (70.81%–74.03%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.40% above its 12-month average of 72.88%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
73.17%
GROSS MARGIN AVG TTM
72.88%
GROSS MARGIN AVG 3Y
72.96%
GROSS MARGIN AVG 5Y
72.51%
GROSS MARGIN AVG 10Y
71.33%
GROSS MARGIN AVG 15Y
70.64%
GROSS MARGIN AVG 20Y
69.62%
CURRENT VS TTM AVG
+0.40%
CURRENT VS 3Y AVG
+0.29%
CURRENT VS 5Y AVG
+0.92%
CURRENT VS 10Y AVG
+2.58%
CURRENT VS 15Y AVG
+3.59%
CURRENT VS 20Y AVG
+5.10%
SECTOR MEDIAN · TECHNOLOGY
57.61%
median of 176 covered companies
CURRENT VS SECTOR MEDIAN
+27.01%
vs the sector median at left
Market Cap
$237.57B
Gross Margin
63.00%
TTM Avg
64.09%
3Y Avg
62.80%
5Y Avg
63.16%
Market Cap
$223.55B
Gross Margin
58.43%
TTM Avg
57.42%
3Y Avg
56.07%
5Y Avg
55.85%
Market Cap
$261.26B
Gross Margin
58.33%
TTM Avg
57.58%
3Y Avg
61.71%
5Y Avg
63.06%
Market Cap
$218.34B
Gross Margin
75.03%
TTM Avg
74.80%
3Y Avg
74.51%
5Y Avg
74.23%
Market Cap
$208.60B
Gross Margin
38.50%
TTM Avg
35.32%
3Y Avg
33.77%
5Y Avg
32.89%
Market Cap
$191.55B
Gross Margin
50.64%
TTM Avg
46.17%
3Y Avg
46.11%
5Y Avg
46.80%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SAP SE (SAP) | $240.22B | 73.17% | 72.88% | 72.96% | 72.51% |
| Arista Networks, Inc. (ANET)vs › | $237.57B | 63.00% | 64.09% | 62.80% | 63.16% |
| International Business Machines Corporation (IBM)vs › | $223.55B | 58.43% | 57.42% | 56.07% | 55.85% |
| KLA Corporation (KLAC)vs › | $258.79B | 61.30% | 61.10% | 60.50% | 60.49% |
| Texas Instruments Incorporated (TXN)vs › | $261.26B | 58.33% | 57.58% | 61.71% | 63.06% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $218.34B | 75.03% | 74.80% | 74.51% | 74.23% |
| Amphenol Corporation (APH)vs › | $208.60B | 38.50% | 35.32% | 33.77% | 32.89% |
| Shopify Inc. (SHOP)vs › | $196.69B | 47.77% | 49.22% | 49.35% | 50.64% |
| Marvell Technology, Inc. (MRVL)vs › | $191.55B | 50.64% | 46.17% | 46.11% | 46.80% |
| Analog Devices, Inc. (ADI)vs › | $189.93B | 64.49% | 59.27% | 60.85% | 62.78% |
Gross Margin
73.2%
(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 | 73.17% |
| 2026-03-31 | 72.98% |
| 2025-12-31 | 71.42% |
| 2025-09-30 | 73.50% |
| 2025-06-30 | 73.34% |
| 2025-03-31 | 73.31% |
| 2024-12-31 | 74.03% |
| 2024-09-30 | 73.34% |
| 2024-06-30 | 72.59% |
| 2024-03-31 | 71.66% |
| 2023-12-31 | 73.26% |
| 2023-09-30 | 72.79% |
| 2023-06-30 | 71.59% |
| 2023-03-31 | 71.01% |
| 2022-12-31 | 71.87% |
| 2022-09-30 | 72.74% |
| 2022-06-30 | 72.72% |
| 2022-03-31 | 72.17% |
| 2021-12-31 | 72.98% |
| 2021-09-30 | 71.40% |
| 2021-06-30 | 70.81% |
| 2021-03-31 | 70.33% |
| 2020-12-31 | 74.77% |
| 2020-09-30 | 71.08% |
| 2020-06-30 | 69.94% |
| 2020-03-31 | 68.32% |
| 2019-12-31 | 72.82% |
| 2019-09-30 | 70.28% |
| 2019-06-30 | 68.16% |
| 2019-03-31 | 66.50% |
| 2018-12-31 | 72.90% |
| 2018-09-30 | 68.29% |
| 2018-06-30 | 68.57% |
| 2018-03-31 | 68.52% |
| 2017-12-31 | 73.22% |
| 2017-09-30 | 70.08% |
| 2017-06-30 | 68.97% |
| 2017-03-31 | 66.68% |
| 2016-12-31 | 72.81% |
| 2016-09-30 | 69.32% |
| 2016-06-30 | 70.36% |
| 2016-03-31 | 66.91% |
| 2015-12-31 | 70.61% |
| 2015-09-30 | 70.71% |
| 2015-06-30 | 69.03% |
| 2015-03-31 | 64.67% |
| 2014-12-31 | 73.20% |
| 2014-09-30 | 69.82% |
| 2014-06-30 | 68.95% |
| 2014-03-31 | 66.58% |
| 2013-12-31 | 73.74% |
| 2013-09-30 | 69.30% |
| 2013-06-30 | 69.47% |
| 2013-03-31 | 66.40% |
| 2012-12-31 | 71.45% |
| 2012-09-30 | 68.19% |
| 2012-06-30 | 68.91% |
| 2012-03-31 | 65.31% |
| 2011-12-31 | 73.78% |
| 2011-09-30 | 69.20% |
| 2011-06-30 | 68.09% |
| 2011-03-31 | 64.55% |
| 2010-12-31 | 73.19% |
| 2010-09-30 | 66.73% |
| 2010-06-30 | 68.56% |
| 2010-03-31 | 66.12% |
| 2009-12-31 | 70.22% |
| 2009-09-30 | 66.11% |
| 2009-06-30 | 66.34% |
| 2009-03-31 | 62.16% |
| 2008-12-31 | 70.01% |
| 2008-09-30 | 65.09% |
| 2008-06-30 | 63.76% |
| 2008-03-31 | 61.73% |
| 2007-12-31 | 71.05% |
| 2007-09-30 | 65.49% |
| 2007-06-30 | 65.65% |
| 2007-03-31 | 63.35% |
| 2006-12-31 | 70.55% |
| 2006-09-30 | 65.37% |
| 2006-06-30 | 64.48% |
| 2006-03-31 | 61.99% |
| 2005-12-31 | 67.46% |
| 2005-09-30 | 65.00% |
| 2005-06-30 | 65.19% |
| 2005-03-31 | 63.17% |
| 2004-12-31 | 69.21% |
| 2004-09-30 | 64.76% |
| 2004-06-30 | 64.10% |
| 2004-03-31 | 62.56% |
| 2003-12-31 | 68.32% |
| 2003-09-30 | 62.84% |
| 2003-06-30 | 63.37% |
| 2003-03-31 | 59.42% |
| 2002-12-31 | 67.84% |
| 2002-09-30 | 60.63% |
