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 66.21% is 26% below its 5-year average of 89.37%, near the low end of its 5-year range (66.21%–99.15%).
As of the fiscal period ended Tuesday, June 30, 2026. 21.69% below its 12-month average of 84.54%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
66.21%
GROSS MARGIN AVG TTM
84.54%
GROSS MARGIN AVG 3Y
87.14%
GROSS MARGIN AVG 5Y
90.53%
GROSS MARGIN AVG 10Y
93.63%
GROSS MARGIN AVG 15Y
95.20%
GROSS MARGIN AVG 20Y
93.61%
CURRENT VS TTM AVG
-21.69%
CURRENT VS 3Y AVG
-24.03%
CURRENT VS 5Y AVG
-26.87%
CURRENT VS 10Y AVG
-29.29%
CURRENT VS 15Y AVG
-30.45%
CURRENT VS 20Y AVG
-29.27%
SECTOR MEDIAN · FINANCIAL SERVICES
57.83%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+14.49%
vs the sector median at left
Raymond James Financial, Inc.
Market Cap
$34.68B
Gross Margin
66.21%
TTM Avg
84.54%
3Y Avg
87.14%
5Y Avg
90.53%
Market Cap
$34.62B
Gross Margin
37.16%
TTM Avg
37.06%
3Y Avg
34.92%
5Y Avg
34.17%
Market Cap
$35.56B
Gross Margin
63.73%
TTM Avg
59.97%
3Y Avg
67.89%
5Y Avg
73.60%
Market Cap
$33.73B
Gross Margin
59.78%
TTM Avg
54.39%
3Y Avg
62.89%
5Y Avg
74.55%
Market Cap
$36.51B
Gross Margin
76.03%
TTM Avg
69.47%
3Y Avg
74.44%
5Y Avg
79.86%
Market Cap
$31.40B
Gross Margin
42.06%
TTM Avg
43.33%
3Y Avg
43.29%
5Y Avg
42.49%
Market Cap
$31.12B
Gross Margin
72.37%
TTM Avg
63.66%
3Y Avg
68.09%
5Y Avg
73.72%
Market Cap
$39.37B
Gross Margin
43.95%
TTM Avg
30.56%
3Y Avg
20.88%
5Y Avg
17.73%
Market Cap
$39.55B
Gross Margin
79.85%
TTM Avg
74.69%
3Y Avg
73.28%
5Y Avg
76.72%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Raymond James Financial, Inc. (RJF) | $34.68B | 66.21% | 84.54% | 87.14% | 90.53% |
| Arch Capital Group Ltd. (ACGL)vs › | $34.62B | 37.16% | 37.06% | 34.92% | 34.17% |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.56B | 63.73% | 59.97% | 67.89% | 73.60% |
| Northern Trust Corporation (NTRS)vs › | $33.73B | 59.78% | 54.39% | 62.89% | 74.55% |
| M&T Bank Corporation (MTB)vs › | $36.51B | 76.03% | 69.47% | 74.44% | 79.86% |
| Willis Towers Watson Public Limited Company (WTW)vs › | $31.40B | 42.06% | 43.33% | 43.29% | 42.49% |
| Citizens Financial Group, Inc. (CFG)vs › | $31.12B | 72.37% | 63.66% | 68.09% | 73.72% |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.37B | 43.95% | 30.56% | 20.88% | 17.73% |
| Coinbase Global, Inc. (COIN)vs › | $39.55B | 79.85% | 74.69% | 73.28% | 76.72% |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.80B | 52.29% | 49.77% | 48.59% | 45.54% |
Gross Margin
66.2%
(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 | 66.21% |
| 2026-03-31 | 90.54% |
| 2025-12-31 | 89.44% |
| 2025-09-30 | 88.64% |
| 2025-06-30 | 87.88% |
| 2025-03-31 | 87.92% |
| 2024-12-31 | 87.49% |
| 2024-09-30 | 85.76% |
| 2024-06-30 | 85.89% |
| 2024-03-31 | 84.95% |
| 2023-12-31 | 85.09% |
| 2023-09-30 | 85.66% |
| 2023-06-30 | 86.47% |
| 2023-03-31 | 90.00% |
| 2022-12-31 | 91.48% |
| 2022-09-30 | 93.12% |
| 2022-06-30 | 95.77% |
| 2022-03-31 | 97.79% |
| 2021-12-31 | 99.06% |
| 2021-09-30 | 98.51% |
| 2021-06-30 | 99.15% |
| 2021-03-31 | 99.79% |
| 2020-12-31 | 97.67% |
| 2020-09-30 | 95.85% |
| 2020-06-30 | 93.36% |
| 2020-03-31 | 92.71% |
| 2019-12-31 | 97.59% |
| 2019-09-30 | 96.70% |
| 2019-06-30 | 96.56% |
| 2019-03-31 | 95.82% |
| 2018-12-31 | 95.51% |
| 2018-09-30 | 96.40% |
| 2018-06-30 | 96.84% |
| 2018-03-31 | 97.11% |
| 2017-12-31 | 97.65% |
| 2017-09-30 | 97.50% |
| 2017-06-30 | 97.28% |
| 2017-03-31 | 97.18% |
| 2016-12-31 | 97.69% |
| 2016-09-30 | 97.70% |
| 2016-06-30 | 97.69% |
| 2016-03-31 | 97.06% |
| 2015-12-31 | 96.82% |
| 2015-09-30 | 97.07% |
| 2015-06-30 | 98.13% |
| 2015-03-31 | 97.60% |
| 2014-12-31 | 97.07% |
| 2014-09-30 | 97.58% |
| 2014-06-30 | 97.41% |
| 2014-03-31 | 97.63% |
| 2013-12-31 | 97.72% |
| 2013-09-30 | 97.79% |
| 2013-06-30 | 97.67% |
| 2013-03-31 | 97.31% |
| 2012-12-31 | 97.24% |
| 2012-09-30 | 97.09% |
| 2012-06-30 | 96.46% |
| 2012-03-31 | 97.36% |
| 2011-12-31 | 97.01% |
| 2011-09-30 | 97.34% |
| 2011-06-30 | 96.98% |
| 2011-03-31 | 97.31% |
| 2010-12-31 | 96.66% |
| 2010-09-30 | 95.30% |
| 2010-06-30 | 95.63% |
| 2010-03-31 | 95.27% |
| 2009-12-31 | 94.52% |
| 2009-09-30 | 92.54% |
| 2009-06-30 | 94.15% |
| 2009-03-31 | 86.19% |
| 2008-12-31 | 91.84% |
| 2008-09-30 | 91.22% |
| 2008-06-30 | 90.22% |
| 2008-03-31 | 84.32% |
| 2007-12-31 | 82.71% |
| 2007-09-30 | 82.44% |
| 2007-06-30 | 83.70% |
| 2007-03-31 | 84.75% |
| 2006-12-31 | 85.10% |
| 2006-09-30 | 84.88% |
| 2006-06-30 | 88.52% |
| 2006-03-31 | 90.25% |
| 2005-12-31 | 91.52% |
| 2005-09-30 | 94.89% |
| 2005-06-24 | 93.77% |
| 2005-03-24 | 94.30% |
| 2004-12-31 | 95.16% |
| 2004-09-30 | 96.65% |
| 2004-06-25 | 97.47% |
| 2004-03-26 | 97.78% |
| 2003-12-26 | 97.49% |
| 2003-09-30 | 97.59% |
| 2003-06-27 | 96.98% |
| 2003-03-28 | 96.95% |
| 2002-12-27 | 96.17% |
| 2002-09-30 | 96.13% |
