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 64.50% is 13% below its 5-year average of 74.24%, near the low end of its 5-year range (60.94%–102.38%).
0.10% below its 12-month average of 64.57%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
64.50%
GROSS MARGIN AVG TTM
64.57%
GROSS MARGIN AVG 3Y
63.99%
GROSS MARGIN AVG 5Y
74.24%
GROSS MARGIN AVG 10Y
78.57%
GROSS MARGIN AVG 15Y
82.98%
GROSS MARGIN AVG 20Y
78.99%
CURRENT VS TTM AVG
-0.10%
CURRENT VS 3Y AVG
+0.80%
CURRENT VS 5Y AVG
-13.12%
CURRENT VS 10Y AVG
-17.90%
CURRENT VS 15Y AVG
-22.27%
CURRENT VS 20Y AVG
-18.34%
SECTOR MEDIAN · FINANCIAL SERVICES
58.58%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+10.12%
vs the sector median at left
Wells Fargo & Company
Market Cap
$272.04B
Gross Margin
64.50%
TTM Avg
64.57%
3Y Avg
63.99%
5Y Avg
74.24%
Market Cap
$306.40B
Gross Margin
47.48%
TTM Avg
44.30%
3Y Avg
48.82%
5Y Avg
60.59%
Market Cap
$220.26B
Gross Margin
84.35%
TTM Avg
82.56%
3Y Avg
84.69%
5Y Avg
86.88%
Market Cap
$205.49B
Gross Margin
54.21%
TTM Avg
46.33%
3Y Avg
53.84%
5Y Avg
61.73%
Market Cap
$190.07B
Gross Margin
86.67%
TTM Avg
80.92%
3Y Avg
82.18%
5Y Avg
87.13%
Market Cap
$171.53B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Wells Fargo & Company (WFC) | $272.04B | 64.50% | 64.57% | 63.99% | 74.24% |
| The Goldman Sachs Group, Inc. (GS)vs › | $306.40B | 47.48% | 44.30% | 48.82% | 60.59% |
| Citigroup Inc. (C)vs › | $236.18B | 46.63% | 43.13% | 49.79% | 59.91% |
| American Express Company (AXP)vs › | $220.26B | 84.35% | 82.56% | 84.69% | 86.88% |
| The Toronto-Dominion Bank (TD)vs › | $205.49B | 54.21% | 46.33% | 53.84% | 61.73% |
| Morgan Stanley (MS)vs › | $343.37B | 59.72% | 56.34% | 62.35% | 72.96% |
| The Charles Schwab Corporation (SCHW)vs › | $190.07B | 86.67% | 80.92% | 82.18% | 87.13% |
| BlackRock, Inc. (BLK)vs › | $173.95B | 46.70% | 48.06% | 48.19% | 49.07% |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $171.53B | N/A | N/A | N/A | N/A |
| Blackstone Inc. (BX)vs › | $164.47B | 88.82% | 91.07% | 93.02% | 94.64% |
Gross Margin
64.5%
(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 | 64.63% |
| 2026-03-31 | 63.88% |
| 2025-12-31 | 64.45% |
| 2025-09-30 | 65.05% |
| 2025-06-30 | 64.82% |
| 2025-03-31 | 64.86% |
| 2024-12-31 | 63.02% |
| 2024-09-30 | 60.94% |
| 2024-06-30 | 61.46% |
| 2024-03-31 | 63.30% |
| 2023-12-31 | 62.84% |
| 2023-09-30 | 65.87% |
| 2023-06-30 | 66.74% |
| 2023-03-31 | 72.98% |
| 2022-12-31 | 77.86% |
| 2022-09-30 | 85.52% |
| 2022-06-30 | 89.47% |
| 2022-03-31 | 99.07% |
| 2021-12-31 | 98.13% |
| 2021-09-30 | 102.38% |
| 2021-06-30 | 101.73% |
| 2021-03-31 | 99.04% |
| 2020-12-31 | 93.91% |
| 2020-09-30 | 89.39% |
| 2020-06-30 | 43.31% |
| 2020-03-31 | 64.89% |
| 2019-12-31 | 79.22% |
| 2019-09-30 | 79.29% |
| 2019-06-30 | 79.63% |
| 2019-03-31 | 78.95% |
| 2018-12-31 | 81.00% |
| 2018-09-30 | 83.01% |
| 2018-06-30 | 84.31% |
| 2018-03-31 | 86.82% |
| 2017-12-31 | 86.18% |
| 2017-09-30 | 86.45% |
| 2017-06-30 | 88.64% |
| 2017-03-31 | 89.67% |
| 2016-12-31 | 88.95% |
| 2016-09-30 | 90.14% |
| 2016-06-30 | 89.37% |
| 2016-03-31 | 89.72% |
| 2015-12-31 | 91.51% |
| 2015-09-30 | 92.29% |
| 2015-06-30 | 94.23% |
| 2015-03-31 | 92.76% |
| 2014-12-31 | 93.26% |
| 2014-09-30 | 93.54% |
| 2014-06-30 | 94.36% |
| 2014-03-31 | 93.64% |
| 2013-12-31 | 93.37% |
| 2013-09-30 | 94.75% |
| 2013-06-30 | 92.23% |
| 2013-03-31 | 89.37% |
| 2012-12-31 | 86.43% |
| 2012-09-30 | 87.21% |
| 2012-06-30 | 86.06% |
| 2012-03-31 | 85.15% |
| 2011-12-31 | 83.99% |
| 2011-09-30 | 83.52% |
| 2011-06-30 | 83.41% |
| 2011-03-31 | 81.51% |
| 2010-12-31 | 78.79% |
| 2010-09-30 | 75.95% |
| 2010-06-30 | 74.01% |
| 2010-03-31 | 68.45% |
| 2009-12-31 | 67.07% |
| 2009-09-30 | 66.04% |
| 2009-06-30 | 69.51% |
| 2009-03-31 | 68.91% |
| 2008-12-31 | 14.62% |
| 2008-09-30 | 63.19% |
| 2008-06-30 | 61.40% |
| 2008-03-31 | 61.64% |
| 2007-12-31 | 51.86% |
| 2007-09-30 | 64.95% |
| 2007-06-30 | 69.12% |
| 2007-03-31 | 69.42% |
| 2006-12-31 | 67.05% |
| 2006-09-30 | 67.73% |
| 2006-06-30 | 70.33% |
| 2006-03-31 | 72.41% |
| 2005-12-31 | 71.48% |
| 2005-09-30 | 75.08% |
| 2005-06-30 | 77.77% |
| 2005-03-31 | 78.91% |
| 2004-12-31 | 82.41% |
| 2004-09-30 | 83.20% |
| 2004-06-30 | 84.48% |
| 2004-03-31 | 84.76% |
| 2003-12-31 | 85.73% |
| 2003-09-30 | 84.54% |
| 2003-06-30 | 83.32% |
| 2003-03-31 | 82.94% |
| 2002-12-31 | 81.22% |
| 2002-09-30 | 80.14% |
