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 64.18% is in line with its 5-year average of 68.35%, around the middle of its 5-year range (46.44%–101.23%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.35% above its 12-month average of 58.69%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
64.18%
GROSS MARGIN AVG TTM
58.69%
GROSS MARGIN AVG 3Y
55.08%
GROSS MARGIN AVG 5Y
68.35%
GROSS MARGIN AVG 10Y
80.45%
GROSS MARGIN AVG 15Y
94.20%
GROSS MARGIN AVG 20Y
82.77%
CURRENT VS TTM AVG
+9.35%
CURRENT VS 3Y AVG
+16.52%
CURRENT VS 5Y AVG
-6.09%
CURRENT VS 10Y AVG
-20.22%
CURRENT VS 15Y AVG
-31.86%
CURRENT VS 20Y AVG
-22.46%
SECTOR MEDIAN · FINANCIAL SERVICES
56.95%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+12.69%
vs the sector median at left
Northern Trust Corporation
Market Cap
$33.94B
Gross Margin
64.18%
TTM Avg
58.69%
3Y Avg
55.08%
5Y Avg
68.35%
Market Cap
$33.92B
Gross Margin
83.54%
TTM Avg
86.80%
3Y Avg
89.56%
5Y Avg
91.99%
Market Cap
$34.41B
Gross Margin
37.16%
TTM Avg
37.06%
3Y Avg
34.92%
5Y Avg
34.17%
Market Cap
$35.46B
Gross Margin
63.73%
TTM Avg
59.97%
3Y Avg
67.89%
5Y Avg
73.60%
Market Cap
$32.02B
Gross Margin
42.06%
TTM Avg
43.33%
3Y Avg
43.29%
5Y Avg
42.49%
Market Cap
$36.30B
Gross Margin
76.03%
TTM Avg
69.47%
3Y Avg
74.44%
5Y Avg
79.86%
Market Cap
$30.73B
Gross Margin
72.37%
TTM Avg
63.66%
3Y Avg
68.09%
5Y Avg
73.72%
Market Cap
$29.99B
Gross Margin
52.29%
TTM Avg
49.77%
3Y Avg
48.59%
5Y Avg
45.54%
Market Cap
$39.28B
Gross Margin
43.95%
TTM Avg
30.56%
3Y Avg
20.88%
5Y Avg
17.73%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northern Trust Corporation (NTRS) | $33.94B | 64.18% | 58.69% | 55.08% | 68.35% |
| Raymond James Financial, Inc. (RJF)vs › | $33.92B | 83.54% | 86.80% | 89.56% | 91.99% |
| Arch Capital Group Ltd. (ACGL)vs › | $34.41B | 37.16% | 37.06% | 34.92% | 34.17% |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.46B | 63.73% | 59.97% | 67.89% | 73.60% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $32.02B | 42.06% | 43.33% | 43.29% | 42.49% |
| M&T Bank Corporation (MTB)vs › | $36.30B | 76.03% | 69.47% | 74.44% | 79.86% |
| Citizens Financial Group, Inc. (CFG)vs › | $30.73B | 72.37% | 63.66% | 68.09% | 73.72% |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.99B | 52.29% | 49.77% | 48.59% | 45.54% |
| 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% |
Gross Margin
64.2%
(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 | 64.18% |
| 2026-03-31 | 58.34% |
| 2025-12-31 | 58.84% |
| 2025-09-30 | 57.07% |
| 2025-06-30 | 55.04% |
| 2025-03-31 | 55.20% |
| 2024-12-31 | 53.60% |
| 2024-09-30 | 49.80% |
| 2024-06-30 | 57.62% |
| 2024-03-31 | 46.44% |
| 2023-12-31 | 47.04% |
| 2023-09-30 | 53.43% |
| 2023-06-30 | 59.47% |
| 2023-03-31 | 64.81% |
| 2022-12-31 | 70.27% |
| 2022-09-30 | 85.95% |
| 2022-06-30 | 96.14% |
| 2022-03-31 | 99.74% |
| 2021-12-31 | 100.59% |
| 2021-09-30 | 100.49% |
| 2021-06-30 | 101.23% |
| 2021-03-31 | 101.27% |
| 2020-12-31 | 98.98% |
| 2020-09-30 | 98.19% |
| 2020-06-30 | 93.49% |
| 2020-03-31 | 89.34% |
| 2019-12-31 | 90.94% |
| 2019-09-30 | 88.74% |
| 2019-06-30 | 87.49% |
| 2019-03-31 | 86.01% |
| 2018-12-31 | 86.89% |
| 2018-09-30 | 89.07% |
| 2018-06-30 | 90.61% |
| 2018-03-31 | 92.56% |
| 2017-12-31 | 93.79% |
| 2017-09-30 | 93.59% |
| 2017-06-30 | 95.08% |
| 2017-03-31 | 95.84% |
| 2016-12-31 | 98.07% |
| 2016-09-30 | 96.58% |
| 2016-06-30 | 96.63% |
| 2016-03-31 | 96.26% |
| 2015-12-31 | 98.10% |
| 2015-09-30 | 97.75% |
| 2015-06-30 | 97.69% |
| 2015-03-31 | 97.13% |
| 2014-12-31 | 96.33% |
| 2014-09-30 | 96.04% |
| 2014-06-30 | 95.82% |
| 2014-03-31 | 95.17% |
| 2013-12-31 | 94.60% |
| 2013-09-30 | 94.63% |
| 2013-06-30 | 94.40% |
| 2013-03-31 | 93.67% |
| 2012-12-31 | 92.97% |
| 2012-09-30 | 91.67% |
| 2012-06-30 | 93.14% |
| 2012-03-31 | 91.47% |
| 2011-12-31 | 90.80% |
| 2011-09-30 | 89.85% |
| 2011-06-30 | 88.32% |
| 2011-03-31 | 87.36% |
| 2010-12-31 | 84.90% |
| 2010-09-30 | 87.15% |
| 2010-06-30 | 87.12% |
| 2010-03-31 | 87.38% |
| 2009-12-31 | 88.59% |
| 2009-09-30 | 84.70% |
| 2009-06-30 | 85.57% |
| 2009-03-31 | 83.01% |
| 2008-12-31 | 75.38% |
| 2008-09-30 | 68.60% |
| 2008-06-30 | 74.70% |
| 2008-03-31 | 71.51% |
| 2007-12-31 | 65.88% |
| 2007-09-30 | 62.81% |
| 2007-06-30 | 64.64% |
| 2007-03-31 | 64.11% |
| 2006-12-31 | 63.48% |
| 2006-09-30 | 65.11% |
| 2006-06-30 | 68.18% |
| 2006-03-31 | 70.30% |
| 2005-12-31 | 71.33% |
| 2005-09-30 | 73.20% |
| 2005-06-30 | 74.55% |
| 2005-03-31 | 76.53% |
| 2004-12-31 | 78.24% |
| 2004-09-30 | 79.57% |
| 2004-06-30 | 82.14% |
| 2004-03-31 | 83.71% |
| 2003-12-31 | 83.83% |
| 2003-09-30 | 80.62% |
| 2003-06-30 | 79.04% |
| 2003-03-31 | 77.96% |
| 2002-12-31 | 75.84% |
| 2002-09-30 | 73.74% |
