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 29.63% is 15% below its 5-year average of 34.78%, near the low end of its 5-year range (29.63%–37.88%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.47% below its 12-month average of 32.37%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
29.63%
GROSS MARGIN AVG TTM
32.37%
GROSS MARGIN AVG 3Y
34.25%
GROSS MARGIN AVG 5Y
35.04%
GROSS MARGIN AVG 10Y
36.31%
GROSS MARGIN AVG 15Y
37.83%
GROSS MARGIN AVG 20Y
39.27%
CURRENT VS TTM AVG
-8.47%
CURRENT VS 3Y AVG
-13.48%
CURRENT VS 5Y AVG
-15.43%
CURRENT VS 10Y AVG
-18.40%
CURRENT VS 15Y AVG
-21.68%
CURRENT VS 20Y AVG
-24.53%
SECTOR MEDIAN · TECHNOLOGY
57.46%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
-48.43%
vs the sector median at left
Cognizant Technology Solutions Corporation
Market Cap
$22.51B
Gross Margin
29.63%
TTM Avg
32.37%
3Y Avg
34.25%
5Y Avg
35.04%
Market Cap
$22.31B
Gross Margin
37.59%
TTM Avg
37.21%
3Y Avg
36.91%
5Y Avg
36.43%
Market Cap
$21.78B
Gross Margin
41.73%
TTM Avg
42.40%
3Y Avg
31.66%
5Y Avg
29.46%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cognizant Technology Solutions Corporation (CTSH) | $22.51B | 29.63% | 32.37% | 34.25% | 35.04% |
| F5, Inc. (FFIV)vs › | $22.66B | 81.90% | 80.81% | 80.13% | 80.70% |
| Fidelity National Information Services, Inc. (FIS)vs › | $22.31B | 37.59% | 37.21% | 36.91% | 36.43% |
| First Solar, Inc. (FSLR)vs › | $21.78B | 41.73% | 42.40% | 31.66% | 29.46% |
| Okta, Inc. (OKTA)vs › | $23.27B | 77.44% | 76.84% | 74.66% | 73.67% |
| Zscaler, Inc. (ZS)vs › | $23.99B | 76.67% | 77.37% | 77.50% | 77.52% |
| MKS Inc. (MKSI)vs › | $20.84B | 43.61% | 44.04% | 44.25% | 44.80% |
| HP Inc. (HPQ)vs › | $24.23B | 20.21% | 21.02% | 20.74% | 20.41% |
| Samsara Inc. (IOT)vs › | $20.67B | 76.25% | 76.43% | 74.63% | 73.21% |
| Tower Semiconductor Ltd. (TSEM)vs › | $24.53B | 24.77% | 23.44% | 24.88% | 23.30% |
Gross Margin
29.6%
(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 |
|---|---|
| 2026-03-31 | 29.63% |
| 2025-12-31 | 31.11% |
| 2025-09-30 | 33.87% |
| 2025-06-30 | 33.67% |
| 2025-03-31 | 33.59% |
| 2024-12-31 | 35.12% |
| 2024-09-30 | 34.36% |
| 2024-06-30 | 33.94% |
| 2024-03-31 | 33.91% |
| 2023-12-31 | 35.25% |
| 2023-09-30 | 34.47% |
| 2023-06-30 | 33.87% |
| 2023-03-31 | 34.68% |
| 2022-12-31 | 34.86% |
| 2022-09-30 | 36.59% |
| 2022-06-30 | 36.42% |
| 2022-03-31 | 35.83% |
| 2021-12-31 | 36.57% |
| 2021-09-30 | 37.88% |
| 2021-06-30 | 37.56% |
| 2021-03-31 | 37.20% |
| 2020-12-31 | 36.38% |
| 2020-09-30 | 37.61% |
| 2020-06-30 | 34.63% |
| 2020-03-31 | 34.98% |
| 2019-12-31 | 35.83% |
| 2019-09-30 | 36.89% |
| 2019-06-30 | 36.51% |
| 2019-03-31 | 37.35% |
| 2018-12-31 | 38.48% |
| 2018-09-30 | 39.19% |
| 2018-06-30 | 39.67% |
| 2018-03-31 | 38.62% |
| 2017-12-31 | 38.35% |
| 2017-09-30 | 37.94% |
| 2017-06-30 | 38.39% |
| 2017-03-31 | 38.13% |
| 2016-12-31 | 39.99% |
| 2016-09-30 | 39.85% |
| 2016-06-30 | 39.53% |
| 2016-03-31 | 40.19% |
| 2015-12-31 | 40.18% |
| 2015-09-30 | 39.30% |
| 2015-06-30 | 40.20% |
| 2015-03-31 | 40.67% |
| 2014-12-31 | 40.22% |
| 2014-09-30 | 39.18% |
| 2014-06-30 | 40.43% |
| 2014-03-31 | 40.87% |
| 2013-12-31 | 40.09% |
| 2013-09-30 | 40.05% |
| 2013-06-30 | 41.14% |
| 2013-03-31 | 40.62% |
| 2012-12-31 | 40.92% |
| 2012-09-30 | 41.22% |
| 2012-06-30 | 42.58% |
| 2012-03-31 | 42.47% |
| 2011-12-31 | 41.66% |
| 2011-09-30 | 42.23% |
| 2011-06-30 | 42.04% |
| 2011-03-31 | 42.96% |
| 2010-12-31 | 42.16% |
| 2010-09-30 | 42.51% |
| 2010-06-30 | 42.00% |
| 2010-03-31 | 42.08% |
| 2009-12-31 | 42.31% |
| 2009-09-30 | 44.28% |
| 2009-06-30 | 44.20% |
| 2009-03-31 | 43.73% |
| 2008-12-31 | 44.26% |
| 2008-09-30 | 44.75% |
| 2008-06-30 | 44.43% |
| 2008-03-31 | 43.05% |
| 2007-12-31 | 43.08% |
| 2007-09-30 | 43.22% |
| 2007-06-30 | 43.40% |
| 2007-03-31 | 44.62% |
| 2006-12-31 | 45.20% |
| 2006-09-30 | 44.79% |
| 2006-06-30 | 44.09% |
| 2006-03-31 | 44.45% |
| 2005-12-31 | 47.07% |
| 2005-09-30 | 45.58% |
| 2005-06-30 | 44.37% |
| 2005-03-31 | 46.06% |
| 2004-12-31 | 45.22% |
| 2004-09-30 | 45.58% |
| 2004-06-30 | 45.53% |
| 2004-03-31 | 45.71% |
| 2003-12-31 | 45.82% |
| 2003-09-30 | 46.01% |
| 2003-06-30 | 46.02% |
| 2003-03-31 | 45.03% |
| 2002-12-31 | 45.99% |
| 2002-09-30 | 46.16% |
| 2002-06-30 | 46.01% |
