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 55.86% is 13% below its 5-year average of 64.09%, near the low end of its 5-year range (51.52%–79.12%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.68% below its 12-month average of 56.24%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
55.86%
GROSS MARGIN AVG TTM
56.24%
GROSS MARGIN AVG 3Y
60.14%
GROSS MARGIN AVG 5Y
64.09%
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-0.68%
CURRENT VS 3Y AVG
-7.13%
CURRENT VS 5Y AVG
-12.85%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
38.11%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
+46.57%
vs the sector median at left
PDD Holdings Inc.
Market Cap
$132.38B
Gross Margin
55.86%
TTM Avg
56.24%
3Y Avg
60.14%
5Y Avg
64.09%
Market Cap
$122.70B
Gross Margin
33.80%
TTM Avg
32.36%
3Y Avg
31.89%
5Y Avg
31.76%
Market Cap
$119.30B
Gross Margin
31.75%
TTM Avg
25.49%
3Y Avg
26.08%
5Y Avg
25.78%
Market Cap
$106.93B
Gross Margin
17.02%
TTM Avg
17.24%
3Y Avg
17.84%
5Y Avg
17.29%
Market Cap
$164.96B
Gross Margin
100.00%
TTM Avg
100.00%
3Y Avg
100.00%
5Y Avg
100.00%
Market Cap
$92.49B
Gross Margin
42.68%
TTM Avg
45.30%
3Y Avg
47.26%
5Y Avg
45.76%
Market Cap
$90.86B
Gross Margin
20.16%
TTM Avg
20.83%
3Y Avg
21.30%
5Y Avg
19.87%
Market Cap
$175.43B
Gross Margin
31.44%
TTM Avg
30.78%
3Y Avg
29.79%
5Y Avg
28.56%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PDD Holdings Inc. (PDD) | $132.38B | 55.86% | 56.24% | 60.14% | 64.09% |
| Lowe's Companies, Inc. (LOW)vs › | $122.70B | 33.80% | 32.36% | 31.89% | 31.76% |
| Starbucks Corporation (SBUX)vs › | $119.30B | 31.75% | 25.49% | 26.08% | 25.78% |
| Airbnb, Inc. (ABNB)vs › | $109.62B | 82.90% | 83.02% | 82.75% | 80.97% |
| BYD Company Limited (BYDDY)vs › | $106.93B | 17.02% | 17.24% | 17.84% | 17.29% |
| Booking Holdings Inc. (BKNG)vs › | $164.96B | 100.00% | 100.00% | 100.00% | 100.00% |
| MercadoLibre, Inc. (MELI)vs › | $92.49B | 42.68% | 45.30% | 47.26% | 45.76% |
| Marriott International, Inc. (MAR)vs › | $90.86B | 20.16% | 20.83% | 21.30% | 19.87% |
| The TJX Companies, Inc. (TJX)vs › | $175.43B | 31.44% | 30.78% | 29.79% | 28.56% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $82.60B | 46.64% | 47.18% | 40.90% | 9.93% |
Gross Margin
55.9%
(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 |
|---|---|
| 2026-03-31 | 55.86% |
| 2025-12-31 | 55.49% |
| 2025-09-30 | 56.74% |
| 2025-06-30 | 55.90% |
| 2025-03-31 | 57.20% |
| 2024-12-31 | 56.79% |
| 2024-09-30 | 60.03% |
| 2024-06-30 | 65.28% |
| 2024-03-31 | 62.34% |
| 2023-12-31 | 60.53% |
| 2023-09-30 | 61.03% |
| 2023-06-30 | 64.25% |
| 2023-03-31 | 70.44% |
| 2022-12-31 | 77.58% |
| 2022-09-30 | 79.12% |
| 2022-06-30 | 74.68% |
| 2022-03-31 | 69.91% |
| 2021-12-31 | 76.07% |
| 2021-09-30 | 69.50% |
| 2021-06-30 | 65.73% |
| 2021-03-31 | 51.52% |
| 2020-12-31 | 56.58% |
| 2020-09-30 | 77.06% |
| 2020-06-30 | 78.17% |
| 2020-03-31 | 72.02% |
| 2019-12-31 | 81.12% |
| 2019-09-30 | 75.60% |
| 2019-06-30 | 78.12% |
| 2019-03-31 | 80.79% |
| 2018-12-31 | 74.81% |
| 2018-09-30 | 77.03% |
| 2018-06-30 | 85.68% |
| 2018-03-31 | 76.98% |
| 2017-12-31 | 68.29% |
| 2017-09-30 | 55.85% |
| 2017-06-30 | -2.86% |
| 2017-03-31 | -47.04% |
