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 61.13% is in line with its 5-year average of 67.82%, near the low end of its 5-year range (47.79%–102.06%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.16% below its 12-month average of 65.14%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
61.13%
GROSS MARGIN AVG TTM
65.14%
GROSS MARGIN AVG 3Y
53.51%
GROSS MARGIN AVG 5Y
67.82%
GROSS MARGIN AVG 10Y
74.82%
GROSS MARGIN AVG 15Y
76.44%
GROSS MARGIN AVG 20Y
69.86%
CURRENT VS TTM AVG
-6.16%
CURRENT VS 3Y AVG
+14.24%
CURRENT VS 5Y AVG
-9.87%
CURRENT VS 10Y AVG
-18.31%
CURRENT VS 15Y AVG
-20.04%
CURRENT VS 20Y AVG
-12.50%
SECTOR MEDIAN · FINANCIAL SERVICES
56.08%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+9.00%
vs the sector median at left
Bank of America Corporation
Market Cap
$439.63B
Gross Margin
61.13%
TTM Avg
65.14%
3Y Avg
53.51%
5Y Avg
67.82%
Market Cap
$502.63B
Gross Margin
83.62%
TTM Avg
77.10%
3Y Avg
76.64%
5Y Avg
76.34%
Market Cap
$300.43B
Gross Margin
47.48%
TTM Avg
44.30%
3Y Avg
48.82%
5Y Avg
60.59%
Market Cap
$264.55B
Gross Margin
64.50%
TTM Avg
63.48%
3Y Avg
70.30%
5Y Avg
75.77%
Market Cap
$630.28B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$227.07B
Gross Margin
84.35%
TTM Avg
82.56%
3Y Avg
84.69%
5Y Avg
86.88%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bank of America Corporation (BAC) | $439.63B | 61.13% | 65.14% | 53.51% | 67.82% |
| Mastercard Incorporated (MA)vs › | $502.63B | 83.62% | 77.10% | 76.64% | 76.34% |
| Invesco QQQ Trust, Series 1 (QQQ)vs › | $509.74B | N/A | N/A | N/A | N/A |
| Morgan Stanley (MS)vs › | $332.03B | 59.72% | 56.34% | 62.35% | 72.96% |
| The Goldman Sachs Group, Inc. (GS)vs › | $300.43B | 47.48% | 44.30% | 48.82% | 60.59% |
| Wells Fargo & Company (WFC)vs › | $264.55B | 64.50% | 63.48% | 70.30% | 75.77% |
| Vanguard Total Stock Market ETF (VTI)vs › | $630.28B | N/A | N/A | N/A | N/A |
| Citigroup Inc. (C)vs › | $227.12B | 44.55% | 43.10% | 49.78% | 59.91% |
| American Express Company (AXP)vs › | $227.07B | 84.35% | 82.56% | 84.69% | 86.88% |
| Visa Inc. (V)vs › | $683.58B | 80.18% | 80.38% | 80.27% | 79.97% |
Gross Margin
61.1%
(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 | 61.13% |
| 2026-03-31 | 95.58% |
| 2025-12-31 | 60.12% |
| 2025-09-30 | 55.56% |
| 2025-06-30 | 53.30% |
| 2025-03-31 | 55.09% |
| 2024-12-31 | 50.88% |
| 2024-09-30 | 48.71% |
| 2024-06-30 | 49.19% |
| 2024-03-31 | 50.96% |
| 2023-12-31 | 47.79% |
| 2023-09-30 | 53.89% |
| 2023-06-30 | 55.47% |
| 2023-03-31 | 62.59% |
| 2022-12-31 | 67.11% |
| 2022-09-30 | 77.75% |
| 2022-06-30 | 87.89% |
| 2022-03-31 | 94.49% |
| 2021-12-31 | 97.18% |
| 2021-09-30 | 97.43% |
| 2021-06-30 | 102.06% |
| 2021-03-31 | 102.76% |
| 2020-12-31 | 94.08% |
| 2020-09-30 | 87.34% |
| 2020-06-30 | 71.65% |
| 2020-03-31 | 67.35% |
| 2019-12-31 | 78.89% |
| 2019-09-30 | 77.19% |
| 2019-06-30 | 76.33% |
| 2019-03-31 | 76.36% |
| 2018-12-31 | 77.23% |
| 2018-09-30 | 79.66% |
| 2018-06-30 | 80.18% |
| 2018-03-31 | 82.66% |
| 2017-12-31 | 80.84% |
| 2017-09-30 | 82.91% |
| 2017-06-30 | 85.05% |
| 2017-03-31 | 86.00% |
| 2016-12-31 | 85.17% |
| 2016-09-30 | 86.45% |
| 2016-06-30 | 85.54% |
| 2016-03-31 | 84.90% |
| 2015-12-31 | 83.44% |
| 2015-09-30 | 85.94% |
| 2015-06-30 | 86.08% |
| 2015-03-31 | 86.01% |
| 2014-12-31 | 87.13% |
| 2014-09-30 | 86.26% |
| 2014-06-30 | 86.27% |
| 2014-03-31 | 84.33% |
| 2013-12-31 | 86.37% |
| 2013-09-30 | 85.46% |
| 2013-06-30 | 82.28% |
| 2013-03-31 | 80.25% |
| 2012-12-31 | 71.27% |
| 2012-09-30 | 76.01% |
| 2012-06-30 | 76.13% |
| 2012-03-31 | 73.08% |
| 2011-12-31 | 70.77% |
| 2011-09-30 | 73.88% |
| 2011-06-30 | 49.32% |
| 2011-03-31 | 69.40% |
| 2010-12-31 | 73.65% |
| 2010-09-30 | 65.35% |
| 2010-06-30 | 56.24% |
| 2010-03-31 | 58.15% |
| 2009-12-31 | 39.89% |
| 2009-09-30 | 43.65% |
| 2009-06-30 | 40.43% |
| 2009-03-31 | 48.33% |
| 2008-12-31 | 20.54% |
| 2008-09-30 | 45.87% |
| 2008-06-30 | 48.74% |
| 2008-03-31 | 38.08% |
| 2007-12-31 | 23.11% |
| 2007-09-30 | 47.66% |
| 2007-06-30 | 54.87% |
| 2007-03-31 | 55.57% |
| 2006-12-31 | 50.49% |
| 2006-09-30 | 56.22% |
| 2006-06-30 | 59.59% |
| 2006-03-31 | 60.73% |
| 2005-12-31 | 54.96% |
| 2005-09-30 | 60.14% |
| 2005-06-30 | 65.17% |
| 2005-03-31 | 68.68% |
| 2004-12-31 | 72.18% |
| 2004-09-30 | 73.91% |
| 2004-06-30 | 75.67% |
| 2004-03-31 | 73.59% |
| 2003-12-31 | 74.98% |
| 2003-09-30 | 74.44% |
| 2003-06-30 | 72.88% |
| 2003-03-31 | 71.33% |
| 2002-12-31 | 67.00% |
| 2002-09-30 | 68.20% |
