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 23.52% is in line with its 5-year average of 21.45%, around the middle of its 5-year range (18.14%–27.80%).
0.50% below its 12-month average of 23.64%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 23.37%.
GROSS MARGIN
23.52%
GROSS MARGIN AVG TTM
23.64%
GROSS MARGIN AVG 3Y
22.45%
GROSS MARGIN AVG 5Y
21.45%
GROSS MARGIN AVG 10Y
28.76%
GROSS MARGIN AVG 15Y
29.18%
GROSS MARGIN AVG 20Y
26.28%
CURRENT VS TTM AVG
-0.50%
CURRENT VS 3Y AVG
+4.76%
CURRENT VS 5Y AVG
+9.66%
CURRENT VS 10Y AVG
-18.21%
CURRENT VS 15Y AVG
-19.40%
CURRENT VS 20Y AVG
-10.50%
SECTOR MEDIAN · FINANCIAL SERVICES
58.58%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
-59.85%
vs the sector median at left
Berkshire Hathaway Inc.
Market Cap
$1.09T
Gross Margin
23.52%
TTM Avg
23.64%
3Y Avg
22.45%
5Y Avg
21.45%
Market Cap
$1.09T
Gross Margin
23.52%
TTM Avg
23.47%
3Y Avg
21.52%
5Y Avg
20.99%
Market Cap
$944.42B
Gross Margin
62.60%
TTM Avg
59.27%
3Y Avg
64.78%
5Y Avg
73.49%
Market Cap
$806.72B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$664.46B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$496.17B
Gross Margin
100.00%
TTM Avg
100.00%
3Y Avg
100.00%
5Y Avg
100.00%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Berkshire Hathaway Inc. (BRK-A) | $1.09T | 23.52% | 23.64% | 22.45% | 21.45% |
| Berkshire Hathaway Inc. (BRK-B)vs › | $1.09T | 23.52% | 23.47% | 21.52% | 20.99% |
| JPMorgan Chase & Co. (JPM)vs › | $944.42B | 62.60% | 59.27% | 64.78% | 73.49% |
| State Street SPDR S&P 500 ETF (SPY)vs › | $806.72B | N/A | N/A | N/A | N/A |
| Visa Inc. (V)vs › | $683.82B | 80.18% | 80.38% | 80.27% | 79.97% |
| Vanguard Total International Stock ETF (VXUS)vs › | $664.46B | N/A | N/A | N/A | N/A |
| Invesco QQQ Trust, Series 1 (QQQ)vs › | $504.90B | N/A | N/A | N/A | N/A |
| Mastercard Incorporated (MA)vs › | $496.17B | 100.00% | 100.00% | 100.00% | 100.00% |
| Vanguard S&P 500 ETF (VOO)vs › | $1.69T | N/A | N/A | N/A | N/A |
| Bank of America Corporation (BAC)vs › | $443.71B | 59.32% | 53.00% | 60.28% | 70.02% |
Gross Margin
23.5%
(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 | 23.37% |
| 2026-03-31 | 23.06% |
| 2025-12-31 | 23.01% |
| 2025-09-30 | 24.62% |
| 2025-06-30 | 24.12% |
| 2025-03-31 | 22.73% |
| 2024-12-31 | 27.80% |
| 2024-09-30 | 21.84% |
| 2024-06-30 | 21.84% |
| 2024-03-31 | 22.47% |
| 2023-12-31 | 19.03% |
| 2023-09-30 | 20.32% |
| 2023-06-30 | 19.59% |
| 2023-03-31 | 18.88% |
| 2022-12-31 | 19.60% |
| 2022-09-30 | 18.14% |
| 2022-06-30 | 21.33% |
| 2022-03-31 | 19.59% |
| 2021-12-31 | 19.77% |
| 2021-09-30 | 18.60% |
| 2021-06-30 | 20.69% |
| 2021-03-31 | 20.96% |
| 2020-12-31 | 19.00% |
| 2020-09-30 | 19.46% |
| 2020-06-30 | 20.88% |
| 2020-03-31 | 20.27% |
| 2019-12-31 | 56.79% |
| 2019-09-30 | 48.64% |
| 2019-06-30 | 47.21% |
| 2019-03-31 | 54.51% |
| 2018-12-31 | -43.78% |
| 2018-09-30 | 50.79% |
| 2018-06-30 | 45.26% |
| 2018-03-31 | 29.23% |
| 2017-12-31 | 38.54% |
| 2017-09-30 | 35.23% |
| 2017-06-30 | 38.80% |
| 2017-03-31 | 31.71% |
| 2016-12-31 | 39.74% |
| 2016-09-30 | 42.97% |
| 2016-06-30 | 39.81% |
| 2016-03-31 | 40.81% |
| 2015-12-31 | 41.01% |
| 2015-09-30 | 49.30% |
| 2015-06-30 | 39.82% |
| 2015-03-31 | 42.02% |
| 2014-12-31 | 41.98% |
| 2014-09-30 | 40.02% |
| 2014-06-30 | 45.81% |
| 2014-03-31 | 44.85% |
| 2013-12-31 | 42.91% |
| 2013-09-30 | 43.26% |
| 2013-06-30 | 42.51% |
| 2013-03-31 | 42.75% |
| 2012-12-31 | 43.53% |
| 2012-09-30 | 2.15% |
| 2012-06-30 | 0.09% |
| 2012-03-31 | 0.24% |
| 2011-12-31 | -0.27% |
| 2011-09-30 | -5.01% |
| 2011-06-30 | 2.94% |
| 2011-03-31 | -3.06% |
| 2010-12-31 | 47.49% |
| 2010-09-30 | 0.77% |
| 2010-06-30 | -4.66% |
| 2010-03-31 | -10.25% |
| 2009-12-31 | -7.46% |
| 2009-09-30 | -6.39% |
| 2009-06-30 | -3.89% |
| 2009-03-31 | -33.59% |
| 2008-12-31 | 37.09% |
| 2008-09-30 | -15.06% |
| 2008-06-30 | -8.48% |
| 2008-03-31 | -7.20% |
| 2007-12-31 | 42.10% |
| 2007-09-30 | 41.13% |
| 2007-06-30 | 37.24% |
| 2007-03-31 | 28.44% |
| 2006-12-31 | 44.92% |
| 2006-09-30 | 36.77% |
| 2006-06-30 | 34.31% |
| 2006-03-31 | 29.13% |
| 2005-12-31 | 46.68% |
| 2005-09-30 | 8.14% |
| 2005-06-30 | 25.40% |
| 2005-03-31 | 24.75% |
| 2004-12-31 | 29.76% |
| 2004-09-30 | 18.23% |
| 2004-06-30 | 24.31% |
| 2004-03-31 | 23.48% |
| 2003-12-31 | 37.14% |
| 2003-09-30 | 30.63% |
| 2003-06-30 | 37.86% |
| 2003-03-31 | 38.05% |
| 2002-12-31 | 36.37% |
| 2002-09-30 | 27.82% |
