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 47.93% is 19% above its 5-year average of 40.17%, around the middle of its 5-year range (37.17%–66.92%).
13.67% below its 12-month average of 55.52%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 59.20%.
GROSS MARGIN
47.93%
GROSS MARGIN AVG TTM
55.52%
GROSS MARGIN AVG 3Y
41.56%
GROSS MARGIN AVG 5Y
40.17%
GROSS MARGIN AVG 10Y
39.12%
GROSS MARGIN AVG 15Y
39.07%
GROSS MARGIN AVG 20Y
39.30%
CURRENT VS TTM AVG
-13.67%
CURRENT VS 3Y AVG
+15.33%
CURRENT VS 5Y AVG
+19.30%
CURRENT VS 10Y AVG
+22.52%
CURRENT VS 15Y AVG
+22.66%
CURRENT VS 20Y AVG
+21.96%
SECTOR MEDIAN · FINANCIAL SERVICES
58.58%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
-18.17%
vs the sector median at left
Market Cap
$51.00B
Gross Margin
65.27%
TTM Avg
59.91%
3Y Avg
68.29%
5Y Avg
78.26%
Market Cap
$49.24B
Gross Margin
50.24%
TTM Avg
50.63%
3Y Avg
51.66%
5Y Avg
52.05%
Market Cap
$48.20B
Gross Margin
68.50%
TTM Avg
62.23%
3Y Avg
67.88%
5Y Avg
74.53%
Market Cap
$45.59B
Gross Margin
45.75%
TTM Avg
46.36%
3Y Avg
47.20%
5Y Avg
49.81%
Market Cap
$44.90B
Gross Margin
79.01%
TTM Avg
74.69%
3Y Avg
73.28%
5Y Avg
76.72%
Market Cap
$43.59B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$59.44B
Gross Margin
38.93%
TTM Avg
37.28%
3Y Avg
68.64%
5Y Avg
79.09%
Market Cap
$41.48B
Gross Margin
74.79%
TTM Avg
65.11%
3Y Avg
60.06%
5Y Avg
61.52%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nasdaq, Inc. (NDAQ) | $50.98B | 47.93% | 55.52% | 41.56% | 40.17% |
| State Street Corporation (STT)vs › | $51.00B | 65.27% | 59.91% | 68.29% | 78.26% |
| Ameriprise Financial, Inc. (AMP)vs › | $49.24B | 50.24% | 50.63% | 51.66% | 52.05% |
| Fifth Third Bancorp (FITB)vs › | $48.20B | 68.50% | 62.23% | 67.88% | 74.53% |
| PayPal Holdings, Inc. (PYPL)vs › | $45.59B | 45.75% | 46.36% | 47.20% | 49.81% |
| Coinbase Global, Inc. (COIN)vs › | $44.90B | 79.01% | 74.69% | 73.28% | 76.72% |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $43.59B | N/A | N/A | N/A | N/A |
| Aflac Incorporated (AFL)vs › | $59.44B | 38.93% | 37.28% | 68.64% | 79.09% |
| Ares Management Corporation (ARES)vs › | $41.48B | 74.79% | 65.11% | 60.06% | 61.52% |
| Truist Financial Corporation (TFC)vs › | $60.72B | 64.02% | 54.63% | 63.79% | 73.13% |
Gross Margin
47.9%
(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 | 59.20% |
| 2026-03-31 | 65.84% |
| 2025-12-31 | 66.92% |
| 2025-09-30 | 44.43% |
| 2025-06-30 | 41.20% |
| 2025-03-31 | 39.04% |
| 2024-12-31 | 39.95% |
| 2024-09-30 | 38.59% |
| 2024-06-30 | 41.52% |
| 2024-03-31 | 41.88% |
| 2023-12-31 | 44.93% |
| 2023-09-30 | 42.25% |
| 2023-06-30 | 41.80% |
| 2023-03-31 | 38.81% |
| 2022-12-31 | 37.17% |
| 2022-09-30 | 37.38% |
| 2022-06-30 | 37.89% |
| 2022-03-31 | 37.79% |
| 2021-12-31 | 37.97% |
| 2021-09-30 | 40.75% |
| 2021-06-30 | 39.80% |
| 2021-03-31 | 33.98% |
| 2020-12-31 | 36.53% |
| 2020-09-30 | 33.69% |
| 2020-06-30 | 33.48% |
| 2020-03-31 | 34.29% |
| 2019-12-31 | 38.87% |
| 2019-09-30 | 37.96% |
| 2019-06-30 | 38.93% |
| 2019-03-31 | 40.33% |
| 2018-12-31 | 37.41% |
| 2018-09-30 | 41.08% |
| 2018-06-30 | 39.34% |
| 2018-03-31 | 37.27% |
| 2017-12-31 | 40.23% |
| 2017-09-30 | 40.93% |
| 2017-06-30 | 39.94% |
| 2017-03-31 | 39.42% |
| 2016-12-31 | 38.44% |
| 2016-09-30 | 41.01% |
| 2016-06-30 | 40.36% |
| 2016-03-31 | 38.67% |
| 2015-12-31 | 40.92% |
| 2015-09-30 | 40.07% |
| 2015-06-30 | 42.63% |
| 2015-03-31 | 37.06% |
| 2014-12-31 | 36.74% |
| 2014-09-30 | 40.59% |
| 2014-06-30 | 40.23% |
| 2014-03-31 | 38.08% |
| 2013-12-31 | 40.52% |
| 2013-09-30 | 40.50% |
| 2013-06-30 | 36.49% |
| 2013-03-31 | 37.50% |
| 2012-12-31 | -17.15% |
| 2012-09-30 | 36.60% |
| 2012-06-30 | 35.34% |
| 2012-03-31 | 34.33% |
| 2011-12-31 | 50.30% |
| 2011-09-30 | 46.19% |
| 2011-06-30 | 49.58% |
| 2011-03-31 | 50.67% |
| 2010-12-31 | 49.75% |
| 2010-09-30 | 49.14% |
| 2010-06-30 | 44.02% |
| 2010-03-31 | 46.69% |
| 2009-12-31 | 45.22% |
| 2009-09-30 | 43.09% |
| 2009-06-30 | 41.28% |
| 2009-03-31 | 41.23% |
| 2008-12-31 | 39.35% |
| 2008-09-30 | 40.30% |
| 2008-06-30 | 46.23% |
| 2008-03-31 | 34.15% |
| 2007-12-31 | 31.84% |
| 2007-09-30 | 32.20% |
| 2007-06-30 | 35.59% |
| 2007-03-31 | 34.18% |
| 2006-12-31 | 40.91% |
| 2006-09-30 | 42.48% |
| 2006-06-30 | 41.64% |
| 2006-03-31 | 40.89% |
| 2005-12-31 | 53.41% |
| 2005-09-30 | 59.26% |
| 2005-06-30 | 59.39% |
| 2005-03-31 | 70.08% |
| 2004-12-31 | 72.23% |
| 2004-09-30 | 92.60% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
