Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 25.59% is in line with its 5-year average of 26.39%, around the middle of its 5-year range (22.20%–30.35%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.07% below its 12-month average of 26.40%.
Annual fiscal-year gross margin; no daily interpolation. Historical series through 2025-12-31.
GROSS MARGIN
25.59%
GROSS MARGIN AVG TTM
26.40%
GROSS MARGIN AVG 3Y
27.68%
GROSS MARGIN AVG 5Y
26.39%
GROSS MARGIN AVG 10Y
25.96%
GROSS MARGIN AVG 15Y
23.79%
GROSS MARGIN AVG 20Y
22.89%
CURRENT VS TTM AVG
-3.07%
CURRENT VS 3Y AVG
-7.53%
CURRENT VS 5Y AVG
-3.04%
CURRENT VS 10Y AVG
-1.44%
CURRENT VS 15Y AVG
+7.56%
CURRENT VS 20Y AVG
+11.81%
SECTOR MEDIAN · FINANCIAL SERVICES
62.67%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
-59.17%
vs the sector median at left
LPL Financial Holdings Inc.
Market Cap
$25.31B
Gross Margin
25.59%
TTM Avg
26.40%
3Y Avg
27.68%
5Y Avg
26.39%
Market Cap
$26.80B
Gross Margin
42.06%
TTM Avg
43.33%
3Y Avg
43.29%
5Y Avg
42.49%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| LPL Financial Holdings Inc. (LPLA) | $25.31B | 25.59% | 26.40% | 27.68% | 26.39% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $26.80B | 42.06% | 43.33% | 43.29% | 42.49% |
| T. Rowe Price Group, Inc. (TROW)vs › | $22.42B | 62.67% | 57.30% | 54.80% | 56.34% |
Gross Margin
25.6%
(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 |
|---|---|
| 2025-12-31 | 25.59% |
| 2024-12-31 | 27.21% |
| 2023-12-31 | 30.35% |
| 2022-12-31 | 27.55% |
| 2021-12-31 | 22.20% |
| 2020-12-31 | 25.45% |
| 2019-12-31 | 28.73% |
| 2018-12-31 | 27.77% |
| 2017-12-31 | 25.64% |
| 2016-12-31 | 23.65% |
| 2015-12-31 | 21.47% |
| 2014-12-31 | 20.67% |
| 2013-12-31 | 20.46% |
| 2012-12-31 | 20.47% |
| 2011-12-31 | 20.37% |
| 2010-12-31 | 13.08% |
| 2009-12-31 | 20.89% |
| 2008-12-31 | 19.58% |
| 2007-12-31 | 19.29% |
| 2006-12-31 | 21.35% |
| 2005-12-31 | 18.87% |
