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 59.69% is 16% below its 5-year average of 71.08%, near the low end of its 5-year range (59.69%–75.79%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.54% below its 12-month average of 68.25%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
59.69%
GROSS MARGIN AVG TTM
68.25%
GROSS MARGIN AVG 3Y
69.84%
GROSS MARGIN AVG 5Y
71.08%
GROSS MARGIN AVG 10Y
76.65%
GROSS MARGIN AVG 15Y
75.24%
GROSS MARGIN AVG 20Y
52.40%
CURRENT VS TTM AVG
-12.54%
CURRENT VS 3Y AVG
-14.54%
CURRENT VS 5Y AVG
-16.03%
CURRENT VS 10Y AVG
-22.13%
CURRENT VS 15Y AVG
-20.67%
CURRENT VS 20Y AVG
+13.91%
SECTOR MEDIAN · FINANCIAL SERVICES
57.83%
median of 101 covered companies
CURRENT VS SECTOR MEDIAN
+3.21%
vs the sector median at left
MarketAxess Holdings Inc.
Market Cap
$5.72B
Gross Margin
59.69%
TTM Avg
68.25%
3Y Avg
69.84%
5Y Avg
71.08%
Market Cap
$5.54B
Gross Margin
62.97%
TTM Avg
62.22%
3Y Avg
62.96%
5Y Avg
71.22%
Market Cap
$5.45B
Gross Margin
100.00%
TTM Avg
91.48%
3Y Avg
86.62%
5Y Avg
80.78%
Market Cap
$2.74B
Gross Margin
86.34%
TTM Avg
158.88%
3Y Avg
148.28%
5Y Avg
127.23%
Market Cap
$8.70B
Gross Margin
50.05%
TTM Avg
47.66%
3Y Avg
42.81%
5Y Avg
40.23%
Market Cap
$9.81B
Gross Margin
-614.63%
TTM Avg
-284.00%
3Y Avg
-118.53%
5Y Avg
-106.51%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MarketAxess Holdings Inc. (MKTX) | $5.72B | 59.69% | 68.25% | 69.84% | 71.08% |
| RLI Corp. (RLI)vs › | $5.89B | 29.82% | 27.75% | 31.11% | 32.41% |
| Axos Financial, Inc. (AX)vs › | $5.54B | 62.97% | 62.22% | 62.96% | 71.22% |
| Main Street Capital Corporation (MAIN)vs › | $5.45B | 100.00% | 91.48% | 86.62% | 80.78% |
| TeraWulf Inc. (WULF)vs › | $8.17B | 50.93% | 53.11% | 48.26% | 37.02% |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.74B | 86.34% | 158.88% | 148.28% | 127.23% |
| Kinsale Capital Group, Inc. (KNSL)vs › | $8.70B | 50.05% | 47.66% | 42.81% | 40.23% |
| Hut 8 Corp. (HUT)vs › | $9.81B | -614.63% | -284.00% | -118.53% | -106.51% |
| Lufax Holding Ltd (LU)vs › | $1.10B | 74.93% | 74.93% | 74.92% | 76.18% |
| Washington Trust Bancorp, Inc. (WASH)vs › | $759.57M | 57.83% | 42.63% | 55.72% | 66.29% |
Gross Margin
59.7%
(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 | 59.69% |
| 2026-03-31 | 72.92% |
| 2025-12-31 | 68.15% |
| 2025-09-30 | 69.06% |
| 2025-06-30 | 71.41% |
| 2025-03-31 | 70.78% |
| 2024-12-31 | 69.31% |
| 2024-09-30 | 70.10% |
| 2024-06-30 | 69.46% |
| 2024-03-31 | 71.67% |
| 2023-12-31 | 67.85% |
| 2023-09-30 | 67.85% |
| 2023-06-30 | 69.54% |
| 2023-03-31 | 73.50% |
| 2022-12-31 | 70.96% |
| 2022-09-30 | 70.82% |
| 2022-06-30 | 73.31% |
| 2022-03-31 | 73.73% |
| 2021-12-31 | 72.26% |
| 2021-09-30 | 73.22% |
| 2021-06-30 | 75.79% |
| 2021-03-31 | 79.56% |
| 2020-12-31 | 78.52% |
| 2020-09-30 | 79.79% |
| 2020-06-30 | 82.36% |
| 2020-03-31 | 81.39% |
| 2019-12-31 | 78.85% |
| 2019-09-30 | 80.98% |
| 2019-06-30 | 81.42% |
| 2019-03-31 | 82.48% |
| 2018-12-31 | 81.89% |
| 2018-09-30 | 80.61% |
| 2018-06-30 | 82.11% |
| 2018-03-31 | 84.43% |
| 2017-12-31 | 87.66% |
| 2017-09-30 | 88.53% |
| 2017-06-30 | 88.56% |
| 2017-03-31 | 89.79% |
| 2016-12-31 | 90.74% |
| 2016-09-30 | 90.51% |
| 2016-06-30 | 71.27% |
| 2016-03-31 | 70.31% |
| 2015-12-31 | 72.49% |
| 2015-09-30 | 71.69% |
| 2015-06-30 | 72.72% |
| 2015-03-31 | 72.42% |
| 2014-12-31 | 72.39% |
| 2014-09-30 | 71.07% |
| 2014-06-30 | 71.64% |
| 2014-03-31 | 70.65% |
| 2013-12-31 | 72.26% |
| 2013-09-30 | 70.70% |
| 2013-06-30 | 76.83% |
| 2013-03-31 | 72.01% |
| 2012-12-31 | -19.79% |
| 2012-09-30 | 71.17% |
| 2012-06-30 | 68.65% |
| 2012-03-31 | 68.78% |
| 2011-12-31 | -30.24% |
| 2011-09-30 | 0.00% |
| 2011-06-30 | 0.00% |
| 2011-03-31 | 0.00% |
| 2010-12-31 | -94.10% |
| 2010-09-30 | 0.00% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 0.00% |
| 2009-09-30 | 0.00% |
| 2009-06-30 | 0.00% |
| 2009-03-31 | 0.00% |
| 2008-12-31 | 0.00% |
| 2008-09-30 | 0.00% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 0.00% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 0.00% |
| 2007-03-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
