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 61.83% is 29% above its 5-year average of 47.83%, near the high end of its 5-year range (39.41%–61.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.12% above its 12-month average of 59.96%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
61.83%
GROSS MARGIN AVG TTM
59.96%
GROSS MARGIN AVG 3Y
51.06%
GROSS MARGIN AVG 5Y
47.83%
GROSS MARGIN AVG 10Y
40.56%
GROSS MARGIN AVG 15Y
47.60%
GROSS MARGIN AVG 20Y
50.38%
CURRENT VS TTM AVG
+3.12%
CURRENT VS 3Y AVG
+21.07%
CURRENT VS 5Y AVG
+29.25%
CURRENT VS 10Y AVG
+52.44%
CURRENT VS 15Y AVG
+29.88%
CURRENT VS 20Y AVG
+22.71%
SECTOR MEDIAN · COMMUNICATION SERVICES
53.00%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+16.66%
vs the sector median at left
Market Cap
$167.08B
Gross Margin
37.16%
TTM Avg
36.75%
3Y Avg
35.29%
5Y Avg
34.52%
Market Cap
$195.46B
Gross Margin
45.64%
TTM Avg
46.12%
3Y Avg
45.60%
5Y Avg
45.87%
Market Cap
$102.80B
Gross Margin
32.31%
TTM Avg
31.06%
3Y Avg
28.18%
5Y Avg
27.51%
Market Cap
$85.03B
Gross Margin
69.39%
TTM Avg
70.91%
3Y Avg
70.03%
5Y Avg
69.18%
Market Cap
$65.94B
Gross Margin
28.18%
TTM Avg
34.88%
3Y Avg
37.49%
5Y Avg
45.98%
Market Cap
$40.52B
Gross Margin
23.01%
TTM Avg
24.09%
3Y Avg
24.56%
5Y Avg
25.57%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AT&T Inc. (T) | $159.44B | 61.83% | 59.96% | 51.06% | 47.83% |
| The Walt Disney Company (DIS)vs › | $167.08B | 37.16% | 36.75% | 35.29% | 34.52% |
| T-Mobile US, Inc. (TMUS)vs › | $185.26B | 54.46% | 55.61% | 56.82% | 56.71% |
| Verizon Communications Inc. (VZ)vs › | $195.46B | 45.64% | 46.12% | 45.60% | 45.87% |
| Spotify Technology S.A. (SPOT)vs › | $102.80B | 32.31% | 31.06% | 28.18% | 27.51% |
| DoorDash, Inc. (DASH)vs › | $85.47B | 50.89% | 49.59% | 47.89% | 49.39% |
| Comcast Corporation (CMCSA)vs › | $85.03B | 69.39% | 70.91% | 70.03% | 69.18% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $65.94B | 28.18% | 34.88% | 37.49% | 45.98% |
| Live Nation Entertainment, Inc. (LYV)vs › | $40.52B | 23.01% | 24.09% | 24.56% | 25.57% |
| Reddit, Inc. (RDDT)vs › | $27.08B | 91.44% | 90.84% | 88.03% | 85.52% |
Gross Margin
61.8%
(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 | 61.83% |
| 2026-03-31 | 60.12% |
| 2025-12-31 | 55.72% |
| 2025-09-30 | 61.51% |
| 2025-06-30 | 60.61% |
| 2025-03-31 | 60.71% |
| 2024-12-31 | 39.41% |
| 2024-09-30 | 44.67% |
| 2024-06-30 | 44.58% |
| 2024-03-31 | 43.38% |
| 2023-12-31 | 41.67% |
| 2023-09-30 | 44.78% |
| 2023-06-30 | 44.84% |
| 2023-03-31 | 43.72% |
| 2022-12-31 | 42.04% |
| 2022-09-30 | 44.36% |
| 2022-06-30 | 43.36% |
| 2022-03-31 | 42.12% |
| 2021-12-31 | 39.78% |
| 2021-09-30 | 42.89% |
| 2021-06-30 | 42.40% |
| 2021-03-31 | 38.79% |
| 2020-12-31 | 34.58% |
| 2020-09-30 | 36.54% |
| 2020-06-30 | 38.30% |
| 2020-03-31 | 38.05% |
| 2019-12-31 | 36.73% |
| 2019-09-30 | 39.21% |
| 2019-06-30 | 38.58% |
| 2019-03-31 | 37.66% |
| 2018-12-31 | 35.09% |
| 2018-09-30 | 36.88% |
| 2018-06-30 | 38.86% |
| 2018-03-31 | 37.06% |
| 2017-12-31 | 32.82% |
| 2017-09-30 | 36.44% |
| 2017-06-30 | 37.87% |
| 2017-03-31 | 39.00% |
| 2016-12-31 | 34.88% |
| 2016-09-30 | 53.80% |
| 2016-06-30 | 54.41% |
| 2016-03-31 | 54.61% |
| 2015-12-31 | 53.25% |
| 2015-10-28 | 54.48% |
| 2015-06-30 | 54.33% |
| 2015-03-31 | 55.55% |
| 2014-12-31 | 46.17% |
| 2014-09-30 | 56.50% |
| 2014-06-30 | 56.37% |
| 2014-03-31 | 58.98% |
| 2013-12-31 | 63.10% |
| 2013-09-30 | 58.32% |
| 2013-06-30 | 58.63% |
| 2013-03-31 | 59.96% |
| 2012-12-31 | 47.16% |
| 2012-09-30 | 59.94% |
| 2012-06-30 | 61.19% |
| 2012-03-31 | 59.72% |
| 2011-12-31 | 46.24% |
| 2011-09-30 | 59.79% |
| 2011-06-30 | 59.50% |
| 2011-03-31 | 58.99% |
| 2010-12-31 | 55.27% |
| 2010-09-30 | 56.92% |
| 2010-06-30 | 59.58% |
| 2010-03-31 | 59.44% |
| 2009-12-31 | 58.52% |
| 2009-09-30 | 58.00% |
| 2009-06-30 | 58.98% |
| 2009-03-31 | 60.11% |
| 2008-12-31 | 58.41% |
| 2008-09-30 | 58.45% |
| 2008-06-30 | 61.46% |
| 2008-03-31 | 60.98% |
| 2007-12-31 | 61.34% |
| 2007-09-30 | 61.05% |
| 2007-06-30 | 60.45% |
| 2007-03-31 | 61.16% |
| 2006-12-31 | 57.79% |
| 2006-09-30 | 55.73% |
| 2006-06-30 | 54.58% |
| 2006-03-31 | 53.26% |
| 2005-12-31 | 53.62% |
| 2005-09-30 | 57.65% |
| 2005-06-30 | 57.34% |
| 2005-03-31 | 57.18% |
| 2004-12-31 | 55.48% |
| 2004-09-30 | 58.04% |
| 2004-06-30 | 57.91% |
| 2004-03-31 | 57.78% |
| 2003-12-31 | 56.96% |
| 2003-09-30 | 58.02% |
| 2003-06-30 | 60.27% |
| 2003-03-31 | 60.65% |
| 2002-12-31 | 36.35% |
| 2002-09-30 | 60.82% |
