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 51.93% is 18% above its 5-year average of 44.16%, near the high end of its 5-year range (31.18%–51.93%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.66% above its 12-month average of 49.62%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
51.93%
GROSS MARGIN AVG TTM
49.62%
GROSS MARGIN AVG 3Y
46.74%
GROSS MARGIN AVG 5Y
45.48%
GROSS MARGIN AVG 10Y
40.79%
GROSS MARGIN AVG 15Y
37.59%
GROSS MARGIN AVG 20Y
37.14%
CURRENT VS TTM AVG
+4.66%
CURRENT VS 3Y AVG
+11.11%
CURRENT VS 5Y AVG
+14.19%
CURRENT VS 10Y AVG
+27.31%
CURRENT VS 15Y AVG
+38.16%
CURRENT VS 20Y AVG
+39.82%
SECTOR MEDIAN · COMMUNICATION SERVICES
53.00%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
-2.00%
vs the sector median at left
Market Cap
$195.46B
Gross Margin
45.64%
TTM Avg
46.12%
3Y Avg
45.60%
5Y Avg
45.87%
Market Cap
$185.26B
Gross Margin
54.46%
TTM Avg
55.61%
3Y Avg
56.82%
5Y Avg
56.71%
Market Cap
$167.08B
Gross Margin
37.16%
TTM Avg
36.75%
3Y Avg
35.29%
5Y Avg
34.52%
Market Cap
$102.80B
Gross Margin
32.31%
TTM Avg
31.06%
3Y Avg
28.18%
5Y Avg
27.51%
Market Cap
$85.03B
Gross Margin
69.39%
TTM Avg
70.91%
3Y Avg
70.03%
5Y Avg
69.18%
Market Cap
$65.94B
Gross Margin
28.18%
TTM Avg
34.88%
3Y Avg
37.49%
5Y Avg
45.98%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Netflix, Inc. (NFLX) | $298.60B | 51.93% | 49.62% | 46.74% | 45.48% |
| Verizon Communications Inc. (VZ)vs › | $195.46B | 45.64% | 46.12% | 45.60% | 45.87% |
| T-Mobile US, Inc. (TMUS)vs › | $185.26B | 54.46% | 55.61% | 56.82% | 56.71% |
| The Walt Disney Company (DIS)vs › | $167.08B | 37.16% | 36.75% | 35.29% | 34.52% |
| AT&T Inc. (T)vs › | $159.44B | 59.72% | 51.24% | 51.03% | 49.32% |
| Spotify Technology S.A. (SPOT)vs › | $102.80B | 32.31% | 31.06% | 28.18% | 27.51% |
| DoorDash, Inc. (DASH)vs › | $85.47B | 50.89% | 49.59% | 47.89% | 49.39% |
| Comcast Corporation (CMCSA)vs › | $85.03B | 69.39% | 70.91% | 70.03% | 69.18% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $65.94B | 28.18% | 34.88% | 37.49% | 45.98% |
| Tencent Holdings Limited (TCEHY)vs › | $553.57B | 55.36% | 55.34% | 50.47% | 48.62% |
Gross Margin
51.9%
(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 | 51.93% |
| 2026-03-31 | 51.93% |
| 2025-12-31 | 45.87% |
| 2025-09-30 | 46.45% |
| 2025-06-30 | 51.93% |
| 2025-03-31 | 50.08% |
| 2024-12-31 | 43.71% |
| 2024-09-30 | 47.89% |
| 2024-06-30 | 45.87% |
| 2024-03-31 | 46.89% |
| 2023-12-31 | 39.91% |
| 2023-09-30 | 42.27% |
| 2023-06-30 | 42.92% |
| 2023-03-31 | 41.14% |
| 2022-12-31 | 31.18% |
| 2022-09-30 | 39.58% |
| 2022-06-30 | 41.15% |
| 2022-03-31 | 45.54% |
| 2021-12-31 | 32.04% |
| 2021-09-30 | 43.79% |
| 2021-06-30 | 45.27% |
| 2021-03-31 | 46.00% |
| 2020-12-31 | 37.31% |
| 2020-09-30 | 39.90% |
| 2020-06-30 | 40.74% |
| 2020-03-31 | 37.59% |
| 2019-12-31 | 36.61% |
| 2019-09-30 | 40.93% |
| 2019-06-30 | 38.95% |
| 2019-03-31 | 36.50% |
| 2018-12-31 | 34.71% |
| 2018-09-30 | 39.68% |
| 2018-06-30 | 41.39% |
| 2018-03-31 | 40.66% |
| 2017-12-31 | 35.86% |
| 2017-09-30 | 33.23% |
| 2017-06-30 | 31.71% |
| 2017-03-31 | 37.15% |
| 2016-12-31 | 33.22% |
| 2016-09-30 | 33.07% |
| 2016-06-30 | 30.03% |
| 2016-03-31 | 30.04% |
| 2015-12-31 | 31.48% |
| 2015-09-30 | 32.47% |
| 2015-06-30 | 31.80% |
| 2015-03-31 | 33.48% |
| 2014-12-31 | 31.68% |
| 2014-09-30 | 32.29% |
| 2014-06-30 | 31.75% |
| 2014-03-31 | 31.56% |
| 2013-12-31 | 30.92% |
| 2013-09-30 | 28.48% |
| 2013-06-30 | 29.54% |
| 2013-03-31 | 29.01% |
| 2012-12-31 | 26.38% |
| 2012-09-30 | 26.79% |
| 2012-06-30 | 27.64% |
| 2012-03-31 | 28.27% |
| 2011-12-31 | 34.31% |
| 2011-09-30 | 34.71% |
| 2011-06-30 | 37.87% |
| 2011-03-31 | 39.02% |
| 2010-12-31 | 34.42% |
| 2010-09-30 | 37.73% |
| 2010-06-30 | 39.41% |
| 2010-03-31 | 37.78% |
| 2009-12-31 | 38.03% |
| 2009-09-30 | 34.94% |
| 2009-06-30 | 34.09% |
| 2009-03-31 | 34.21% |
| 2008-12-31 | 35.25% |
| 2008-09-30 | 34.22% |
| 2008-06-30 | 31.85% |
| 2008-03-31 | 31.69% |
| 2007-12-31 | 33.84% |
| 2007-09-30 | 33.85% |
| 2007-06-30 | 35.23% |
| 2007-03-31 | 36.14% |
| 2006-12-31 | 38.91% |
| 2006-09-30 | 37.96% |
| 2006-06-30 | 37.09% |
| 2006-03-31 | 33.85% |
| 2005-12-31 | 10.08% |
| 2005-09-30 | 43.17% |
| 2005-06-30 | 39.02% |
| 2005-03-31 | 38.38% |
| 2004-12-31 | 45.49% |
| 2004-09-30 | 49.45% |
| 2004-06-30 | 42.00% |
| 2004-03-31 | 43.58% |
| 2003-12-31 | 45.23% |
| 2003-09-30 | 46.47% |
| 2003-06-30 | 44.23% |
| 2003-03-31 | 46.10% |
| 2002-12-31 | 48.24% |
| 2002-09-30 | 47.22% |
