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 48.19% is in line with its 5-year average of 48.66%, around the middle of its 5-year range (45.20%–52.97%).
0.78% below its 12-month average of 48.57%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
48.19%
GROSS MARGIN AVG TTM
48.57%
GROSS MARGIN AVG 3Y
49.85%
GROSS MARGIN AVG 5Y
48.66%
GROSS MARGIN AVG 10Y
47.40%
GROSS MARGIN AVG 15Y
44.43%
GROSS MARGIN AVG 20Y
45.66%
CURRENT VS TTM AVG
-0.78%
CURRENT VS 3Y AVG
-3.33%
CURRENT VS 5Y AVG
-0.97%
CURRENT VS 10Y AVG
+1.67%
CURRENT VS 15Y AVG
+8.46%
CURRENT VS 20Y AVG
+5.54%
SECTOR MEDIAN · TECHNOLOGY
56.77%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
-15.11%
vs the sector median at left
Automatic Data Processing, Inc.
Market Cap
$106.52B
Gross Margin
48.19%
TTM Avg
48.57%
3Y Avg
49.85%
5Y Avg
48.66%
Market Cap
$103.84B
Gross Margin
88.46%
TTM Avg
85.85%
3Y Avg
76.94%
5Y Avg
72.35%
Market Cap
$89.03B
Gross Margin
19.47%
TTM Avg
16.54%
3Y Avg
16.88%
5Y Avg
16.92%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Automatic Data Processing, Inc. (ADP) | $106.52B | 48.19% | 48.57% | 49.85% | 48.66% |
| Accenture plc (ACN)vs › | $108.60B | 31.97% | 32.26% | 32.21% | 32.13% |
| AppLovin Corporation (APP)vs › | $103.84B | 88.46% | 85.85% | 76.94% | 72.35% |
| Cloudflare, Inc. (NET)vs › | $109.53B | 72.58% | 75.91% | 76.08% | 76.41% |
| Adobe Inc. (ADBE)vs › | $101.85B | 89.12% | 88.83% | 88.31% | 88.28% |
| Fortinet, Inc. (FTNT)vs › | $115.39B | 80.38% | 80.70% | 78.38% | 78.02% |
| Snowflake Inc. (SNOW)vs › | $115.40B | 67.03% | 66.84% | 66.73% | 64.72% |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $89.03B | 19.47% | 16.54% | 16.88% | 16.92% |
| Intuit Inc. (INTU)vs › | $86.61B | 81.28% | 81.02% | 79.72% | 80.42% |
| Datadog, Inc. (DDOG)vs › | $78.98B | 79.51% | 80.38% | 80.20% | 79.41% |
Gross Margin
48.2%
(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 | 52.97% |
| 2026-03-31 | 48.28% |
| 2025-12-31 | 46.08% |
| 2025-09-30 | 45.20% |
| 2025-06-30 | 50.31% |
| 2025-03-31 | 51.71% |
| 2024-12-31 | 49.94% |
| 2024-09-30 | 49.83% |
| 2024-06-30 | 49.50% |
| 2024-03-31 | 51.44% |
| 2023-12-31 | 49.58% |
| 2023-09-30 | 49.05% |
| 2023-06-30 | 48.88% |
| 2023-03-31 | 50.55% |
| 2022-12-31 | 48.27% |
| 2022-09-30 | 47.59% |
| 2022-06-30 | 46.72% |
| 2022-03-31 | 48.12% |
| 2021-12-31 | 46.16% |
| 2021-09-30 | 46.25% |
| 2021-06-30 | 45.49% |
| 2021-03-31 | 48.16% |
| 2020-12-31 | 46.57% |
| 2020-09-30 | 45.45% |
| 2020-06-30 | 42.82% |
| 2020-03-31 | 48.25% |
| 2019-12-31 | 46.76% |
| 2019-09-30 | 45.50% |
| 2019-06-30 | 46.13% |
| 2019-03-31 | 48.84% |
| 2018-12-31 | 46.46% |
| 2018-09-30 | 45.75% |
| 2018-06-30 | 45.26% |
| 2018-03-31 | 47.47% |
| 2017-12-31 | 44.29% |
| 2017-09-30 | 44.17% |
| 2017-06-30 | 44.37% |
| 2017-03-31 | 47.84% |
| 2016-12-31 | 45.14% |
| 2016-09-30 | 44.84% |
| 2016-06-30 | 39.36% |
| 2016-03-31 | 42.38% |
| 2015-12-31 | 38.09% |
| 2015-09-30 | 37.30% |
| 2015-06-30 | 38.37% |
| 2015-03-31 | 42.39% |
| 2014-12-31 | 38.26% |
| 2014-09-30 | 37.11% |
| 2014-06-30 | 38.04% |
| 2014-03-31 | 41.48% |
| 2013-12-31 | 38.75% |
| 2013-09-30 | 37.30% |
| 2013-06-30 | 37.54% |
| 2013-03-31 | 41.85% |
| 2012-12-31 | 38.62% |
| 2012-09-30 | 37.31% |
| 2012-06-30 | 36.84% |
| 2012-03-31 | 41.76% |
| 2011-12-31 | 38.34% |
| 2011-09-30 | 37.26% |
| 2011-06-30 | 35.96% |
| 2011-03-31 | 44.45% |
| 2010-12-31 | 42.62% |
| 2010-09-30 | 41.15% |
| 2010-06-30 | 41.46% |
| 2010-03-31 | 45.53% |
| 2009-12-31 | 44.14% |
| 2009-09-30 | 43.25% |
| 2009-06-30 | 43.22% |
| 2009-03-31 | 48.68% |
| 2008-12-31 | 54.29% |
| 2008-09-30 | 52.01% |
| 2008-06-30 | 54.96% |
| 2008-03-31 | 57.42% |
| 2007-12-31 | 54.43% |
| 2007-09-30 | 54.40% |
| 2007-06-30 | 56.03% |
| 2007-03-31 | 58.92% |
| 2006-12-31 | 52.06% |
| 2006-09-30 | 49.86% |
| 2006-06-30 | 49.34% |
| 2006-03-31 | 52.90% |
| 2005-12-31 | 53.92% |
| 2005-09-30 | 52.42% |
| 2005-06-30 | 51.41% |
| 2005-03-31 | 54.53% |
| 2004-12-31 | 54.07% |
| 2004-09-30 | 53.25% |
| 2004-06-30 | 53.18% |
| 2004-03-31 | 55.48% |
| 2003-12-31 | 55.66% |
| 2003-09-30 | 53.83% |
| 2003-06-30 | 53.50% |
| 2003-03-31 | 58.20% |
| 2002-12-31 | 58.25% |
| 2002-09-30 | 56.98% |
