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 36.58% is 39% above its 5-year average of 26.33%, near the high end of its 5-year range (13.39%–38.31%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.89% above its 12-month average of 33.59%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
36.58%
GROSS MARGIN AVG TTM
33.59%
GROSS MARGIN AVG 3Y
27.21%
GROSS MARGIN AVG 5Y
26.33%
GROSS MARGIN AVG 10Y
26.49%
GROSS MARGIN AVG 15Y
27.94%
GROSS MARGIN AVG 20Y
29.53%
CURRENT VS TTM AVG
+8.89%
CURRENT VS 3Y AVG
+34.43%
CURRENT VS 5Y AVG
+38.93%
CURRENT VS 10Y AVG
+38.05%
CURRENT VS 15Y AVG
+30.89%
CURRENT VS 20Y AVG
+23.87%
SECTOR MEDIAN · FINANCIAL SERVICES
56.08%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-34.78%
vs the sector median at left
The Travelers Companies, Inc.
Market Cap
$78.08B
Gross Margin
36.58%
TTM Avg
33.59%
3Y Avg
27.21%
5Y Avg
26.33%
Market Cap
$77.82B
Gross Margin
83.34%
TTM Avg
81.39%
3Y Avg
77.91%
5Y Avg
76.48%
Market Cap
$77.28B
Gross Margin
71.84%
TTM Avg
70.61%
3Y Avg
74.03%
5Y Avg
78.48%
Market Cap
$82.86B
Gross Margin
71.94%
TTM Avg
67.28%
3Y Avg
66.04%
5Y Avg
67.02%
Market Cap
$72.40B
Gross Margin
89.33%
TTM Avg
92.05%
3Y Avg
93.13%
5Y Avg
88.79%
Market Cap
$85.99B
Gross Margin
61.88%
TTM Avg
58.67%
3Y Avg
57.11%
5Y Avg
55.89%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Travelers Companies, Inc. (TRV) | $78.08B | 36.58% | 33.59% | 27.21% | 26.33% |
| Robinhood Markets, Inc. (HOOD)vs › | $77.82B | 83.34% | 81.39% | 77.91% | 76.48% |
| Brookfield Asset Management Ltd. (BAM)vs › | $77.28B | 71.84% | 70.61% | 74.03% | 78.48% |
| Aon plc (AON)vs › | $76.48B | 47.70% | 47.47% | 47.86% | 47.14% |
| iShares Russell 2000 ETF (IWM)vs › | $79.83B | N/A | N/A | N/A | N/A |
| Moody's Corporation (MCO)vs › | $82.86B | 71.94% | 67.28% | 66.04% | 67.02% |
| Apollo Global Management, Inc. (APO)vs › | $72.40B | 89.33% | 92.05% | 93.13% | 88.79% |
| Intercontinental Exchange, Inc. (ICE)vs › | $85.99B | 61.88% | 58.67% | 57.11% | 55.89% |
| Nu Holdings Ltd. (NU)vs › | $69.40B | 43.74% | 45.39% | 42.27% | 41.02% |
| The Allstate Corporation (ALL)vs › | $67.98B | 39.83% | 28.03% | 19.99% | 22.65% |
Gross Margin
36.6%
(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 | 36.58% |
| 2026-03-31 | 31.67% |
| 2025-12-31 | 38.31% |
| 2025-09-30 | 32.29% |
| 2025-06-30 | 29.09% |
| 2025-03-31 | 17.15% |
| 2024-12-31 | 34.73% |
| 2024-09-30 | 26.19% |
| 2024-06-30 | 19.78% |
| 2024-03-31 | 25.60% |
| 2023-12-31 | 31.23% |
| 2023-09-30 | 17.70% |
| 2023-06-30 | 13.39% |
| 2023-03-31 | 23.53% |
| 2022-12-31 | 23.66% |
| 2022-09-30 | 19.52% |
| 2022-06-30 | 21.54% |
| 2022-03-31 | 27.93% |
| 2021-12-31 | 32.08% |
| 2021-09-30 | 23.40% |
| 2021-06-30 | 27.49% |
| 2021-03-31 | 25.69% |
| 2020-12-31 | 33.83% |
| 2020-09-30 | 26.37% |
| 2020-06-30 | 15.15% |
| 2020-03-31 | 24.54% |
| 2019-12-31 | 27.81% |
| 2019-09-30 | 20.14% |
| 2019-06-30 | 23.99% |
| 2019-03-31 | 27.53% |
| 2018-12-31 | 24.32% |
| 2018-09-30 | 25.26% |
| 2018-06-30 | 24.53% |
| 2018-03-31 | 26.48% |
| 2017-12-31 | 27.34% |
| 2017-09-30 | 19.93% |
| 2017-06-30 | 26.82% |
| 2017-03-31 | 26.58% |
| 2016-12-31 | 33.92% |
| 2016-09-30 | 30.07% |
| 2016-06-30 | 29.98% |
| 2016-03-31 | 29.96% |
| 2015-12-31 | 35.05% |
| 2015-09-30 | 35.73% |
| 2015-06-30 | 32.79% |
| 2015-03-31 | 33.72% |
| 2014-12-31 | 38.20% |
| 2014-09-30 | 34.59% |
| 2014-06-30 | 29.39% |
| 2014-03-31 | 36.42% |
| 2013-12-31 | 36.22% |
| 2013-09-30 | 34.13% |
| 2013-06-30 | 32.87% |
| 2013-03-31 | 35.19% |
| 2012-12-31 | 20.58% |
| 2012-09-30 | 33.28% |
| 2012-06-30 | 25.11% |
| 2012-03-31 | 32.18% |
| 2011-12-31 | 27.93% |
| 2011-09-30 | 20.12% |
| 2011-06-30 | 4.34% |
| 2011-03-31 | 31.03% |
| 2010-12-31 | 34.51% |
| 2010-09-30 | 35.53% |
| 2010-06-30 | 29.29% |
| 2010-03-31 | 29.45% |
| 2009-12-31 | 42.55% |
| 2009-09-30 | 35.36% |
| 2009-06-30 | 30.41% |
| 2009-03-31 | 27.92% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 20.90% |
| 2008-06-30 | 35.62% |
| 2008-03-31 | 36.22% |
| 2007-12-31 | 36.94% |
| 2007-09-30 | 39.61% |
| 2007-06-30 | 38.98% |
| 2007-03-31 | 36.86% |
| 2006-12-31 | 40.19% |
| 2006-09-30 | 38.17% |
| 2006-06-30 | 36.58% |
| 2006-03-31 | 36.50% |
| 2005-12-31 | 17.96% |
| 2005-09-30 | 14.08% |
| 2005-06-30 | 35.66% |
| 2005-03-31 | 33.94% |
| 2004-12-31 | 20.97% |
| 2004-09-30 | 19.95% |
| 2004-06-30 | 6.37% |
| 2004-03-31 | 31.98% |
| 2003-12-31 | 12.57% |
| 2003-09-30 | 26.62% |
| 2003-06-30 | 28.11% |
| 2003-03-31 | 23.66% |
| 2002-12-31 | 25.65% |
| 2002-09-30 | 18.24% |
