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 71.79% is in line with its 5-year average of 78.39%, near the low end of its 5-year range (61.67%–99.64%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.96% below its 12-month average of 75.53%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
71.79%
GROSS MARGIN AVG TTM
75.53%
GROSS MARGIN AVG 3Y
67.74%
GROSS MARGIN AVG 5Y
78.39%
GROSS MARGIN AVG 10Y
83.19%
GROSS MARGIN AVG 15Y
85.16%
GROSS MARGIN AVG 20Y
80.34%
CURRENT VS TTM AVG
-4.96%
CURRENT VS 3Y AVG
+5.97%
CURRENT VS 5Y AVG
-8.43%
CURRENT VS 10Y AVG
-13.70%
CURRENT VS 15Y AVG
-15.71%
CURRENT VS 20Y AVG
-10.65%
SECTOR MEDIAN · FINANCIAL SERVICES
56.95%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+26.04%
vs the sector median at left
M&T Bank Corporation
Market Cap
$36.30B
Gross Margin
71.79%
TTM Avg
75.53%
3Y Avg
67.74%
5Y Avg
78.39%
Market Cap
$35.46B
Gross Margin
63.73%
TTM Avg
59.97%
3Y Avg
67.89%
5Y Avg
73.60%
Market Cap
$34.41B
Gross Margin
37.16%
TTM Avg
37.06%
3Y Avg
34.92%
5Y Avg
34.17%
Market Cap
$33.94B
Gross Margin
59.78%
TTM Avg
54.39%
3Y Avg
62.89%
5Y Avg
74.55%
Market Cap
$33.92B
Gross Margin
83.54%
TTM Avg
86.80%
3Y Avg
89.56%
5Y Avg
91.99%
Market Cap
$39.28B
Gross Margin
43.95%
TTM Avg
30.56%
3Y Avg
20.88%
5Y Avg
17.73%
Market Cap
$40.52B
Gross Margin
79.85%
TTM Avg
74.69%
3Y Avg
73.28%
5Y Avg
76.72%
Market Cap
$32.02B
Gross Margin
42.06%
TTM Avg
43.33%
3Y Avg
43.29%
5Y Avg
42.49%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| M&T Bank Corporation (MTB) | $36.30B | 71.79% | 75.53% | 67.74% | 78.39% |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.46B | 63.73% | 59.97% | 67.89% | 73.60% |
| Arch Capital Group Ltd. (ACGL)vs › | $34.41B | 37.16% | 37.06% | 34.92% | 34.17% |
| Northern Trust Corporation (NTRS)vs › | $33.94B | 59.78% | 54.39% | 62.89% | 74.55% |
| Raymond James Financial, Inc. (RJF)vs › | $33.92B | 83.54% | 86.80% | 89.56% | 91.99% |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.28B | 43.95% | 30.56% | 20.88% | 17.73% |
| Coinbase Global, Inc. (COIN)vs › | $40.52B | 79.85% | 74.69% | 73.28% | 76.72% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $32.02B | 42.06% | 43.33% | 43.29% | 42.49% |
| MSCI Inc. (MSCI)vs › | $40.94B | 82.97% | 82.22% | 82.20% | 82.34% |
| American International Group, Inc. (AIG)vs › | $41.77B | 33.84% | 34.27% | 27.09% | 41.18% |
Gross Margin
71.8%
(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 | 71.79% |
| 2026-03-31 | 71.35% |
| 2025-12-31 | 70.51% |
| 2025-09-30 | 95.03% |
| 2025-06-30 | 68.99% |
| 2025-03-31 | 68.62% |
| 2024-12-31 | 66.51% |
| 2024-09-30 | 65.23% |
| 2024-06-30 | 63.80% |
| 2024-03-31 | 61.67% |
| 2023-12-31 | 62.32% |
| 2023-09-30 | 68.26% |
| 2023-06-30 | 73.88% |
| 2023-03-31 | 78.27% |
| 2022-12-31 | 79.05% |
| 2022-09-30 | 90.71% |
| 2022-06-30 | 94.43% |
| 2022-03-31 | 97.68% |
| 2021-12-31 | 99.37% |
| 2021-09-30 | 99.64% |
| 2021-06-30 | 99.12% |
| 2021-03-31 | 99.31% |
| 2020-12-31 | 92.16% |
| 2020-09-30 | 86.33% |
| 2020-06-30 | 73.67% |
| 2020-03-31 | 76.14% |
| 2019-12-31 | 86.46% |
| 2019-09-30 | 86.08% |
| 2019-06-30 | 85.63% |
| 2019-03-31 | 88.52% |
| 2018-12-31 | 88.28% |
| 2018-09-30 | 90.51% |
| 2018-06-30 | 90.22% |
| 2018-03-31 | 90.29% |
| 2017-12-31 | 91.42% |
| 2017-09-30 | 91.42% |
| 2017-06-30 | 90.33% |
| 2017-03-31 | 89.90% |
| 2016-12-31 | 88.32% |
| 2016-09-30 | 89.17% |
| 2016-06-30 | 90.22% |
| 2016-03-31 | 89.25% |
| 2015-12-31 | 88.67% |
| 2015-09-30 | 89.98% |
| 2015-06-30 | 91.47% |
| 2015-03-31 | 90.11% |
| 2014-12-31 | 91.11% |
| 2014-09-30 | 91.41% |
| 2014-06-30 | 92.03% |
| 2014-03-31 | 91.41% |
| 2013-12-31 | 90.73% |
| 2013-09-30 | 90.39% |
| 2013-06-30 | 89.72% |
| 2013-03-31 | 90.41% |
| 2012-12-31 | 89.15% |
| 2012-09-30 | 89.28% |
| 2012-06-30 | 86.84% |
| 2012-03-31 | 86.97% |
| 2011-12-31 | 83.89% |
| 2011-09-30 | 85.38% |
| 2011-06-30 | 86.19% |
| 2011-03-31 | 82.43% |
| 2010-12-31 | 78.72% |
| 2010-09-30 | 78.92% |
| 2010-06-30 | 79.48% |
| 2010-03-31 | 76.05% |
| 2009-12-31 | 63.61% |
| 2009-09-30 | 70.88% |
| 2009-06-30 | 65.99% |
| 2009-03-31 | 61.76% |
| 2008-12-31 | 58.28% |
| 2008-09-30 | 54.75% |
| 2008-06-30 | 60.42% |
| 2008-03-31 | 61.16% |
| 2007-12-31 | 48.94% |
| 2007-09-30 | 59.92% |
| 2007-06-30 | 61.57% |
| 2007-03-31 | 60.13% |
| 2006-12-31 | 61.65% |
| 2006-09-30 | 63.38% |
| 2006-06-30 | 64.36% |
| 2006-03-31 | 66.20% |
| 2005-12-31 | 67.41% |
| 2005-09-30 | 69.48% |
| 2005-06-30 | 73.10% |
| 2005-03-31 | 74.76% |
| 2004-12-31 | 76.99% |
| 2004-09-30 | 80.58% |
| 2004-06-30 | 80.22% |
| 2004-03-31 | 81.04% |
| 2003-12-31 | 79.96% |
| 2003-09-30 | 78.95% |
| 2003-06-30 | 77.57% |
| 2003-03-31 | 73.15% |
| 2002-12-31 | 71.60% |
| 2002-09-30 | 68.95% |
