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 86.67% is in line with its 5-year average of 84.77%, around the middle of its 5-year range (70.85%–97.39%).
0.04% above its 12-month average of 86.64%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 83.02%.
GROSS MARGIN
86.67%
GROSS MARGIN AVG TTM
86.64%
GROSS MARGIN AVG 3Y
79.52%
GROSS MARGIN AVG 5Y
84.77%
GROSS MARGIN AVG 10Y
89.63%
GROSS MARGIN AVG 15Y
94.39%
GROSS MARGIN AVG 20Y
94.08%
CURRENT VS TTM AVG
+0.04%
CURRENT VS 3Y AVG
+9.00%
CURRENT VS 5Y AVG
+2.24%
CURRENT VS 10Y AVG
-3.30%
CURRENT VS 15Y AVG
-8.18%
CURRENT VS 20Y AVG
-7.87%
SECTOR MEDIAN · FINANCIAL SERVICES
58.58%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+47.96%
vs the sector median at left
The Charles Schwab Corporation
Market Cap
$186.16B
Gross Margin
86.67%
TTM Avg
86.64%
3Y Avg
79.52%
5Y Avg
84.77%
Market Cap
$201.88B
Gross Margin
54.21%
TTM Avg
46.33%
3Y Avg
53.84%
5Y Avg
61.73%
Market Cap
$167.27B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$216.20B
Gross Margin
84.35%
TTM Avg
82.56%
3Y Avg
84.69%
5Y Avg
86.88%
Market Cap
$154.54B
Gross Margin
93.34%
TTM Avg
89.41%
3Y Avg
87.13%
5Y Avg
83.57%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Charles Schwab Corporation (SCHW) | $186.16B | 86.67% | 86.64% | 79.52% | 84.77% |
| The Toronto-Dominion Bank (TD)vs › | $201.88B | 54.21% | 46.33% | 53.84% | 61.73% |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $167.27B | N/A | N/A | N/A | N/A |
| BlackRock, Inc. (BLK)vs › | $164.95B | 46.70% | 48.06% | 48.19% | 49.07% |
| American Express Company (AXP)vs › | $216.20B | 84.35% | 82.56% | 84.69% | 86.88% |
| Interactive Brokers Group, Inc. (IBKR)vs › | $154.54B | 93.34% | 89.41% | 87.13% | 83.57% |
| Blackstone Inc. (BX)vs › | $151.43B | 88.82% | 91.07% | 93.02% | 94.64% |
| Citigroup Inc. (C)vs › | $236.66B | 46.63% | 43.13% | 49.79% | 59.91% |
| Chubb Limited (CB)vs › | $130.46B | 29.45% | 29.13% | 27.76% | 26.38% |
| Vanguard Dividend Appreciation ETF (VIG)vs › | $128.65B | N/A | N/A | N/A | N/A |
Gross Margin
86.7%
(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 | 83.02% |
| 2026-03-31 | 88.79% |
| 2025-12-31 | 88.39% |
| 2025-09-30 | 87.13% |
| 2025-06-30 | 85.84% |
| 2025-03-31 | 84.20% |
| 2024-12-31 | 80.12% |
| 2024-09-30 | 73.97% |
| 2024-06-30 | 73.87% |
| 2024-03-31 | 73.57% |
| 2023-12-31 | 70.85% |
| 2023-09-30 | 72.01% |
| 2023-06-30 | 71.95% |
| 2023-03-31 | 80.41% |
| 2022-12-31 | 87.16% |
| 2022-09-30 | 92.75% |
| 2022-06-30 | 96.81% |
| 2022-03-31 | 97.17% |
| 2021-12-31 | 97.39% |
| 2021-09-30 | 97.38% |
| 2021-06-30 | 97.38% |
| 2021-03-31 | 97.84% |
| 2020-12-31 | 97.75% |
| 2020-09-30 | 96.38% |
| 2020-06-30 | 96.19% |
| 2020-03-31 | 95.06% |
| 2019-12-31 | 93.94% |
| 2019-09-30 | 91.22% |
| 2019-06-30 | 89.40% |
| 2019-03-31 | 89.57% |
| 2018-12-31 | 90.26% |
| 2018-09-30 | 91.88% |
| 2018-06-30 | 93.14% |
| 2018-03-31 | 93.82% |
| 2017-12-31 | 94.96% |
| 2017-09-30 | 95.84% |
| 2017-06-30 | 96.64% |
| 2017-03-31 | 97.43% |
| 2016-12-31 | 97.77% |
| 2016-09-30 | 97.65% |
| 2016-06-30 | 97.75% |
| 2016-03-31 | 97.89% |
| 2015-12-31 | 97.92% |
| 2015-09-30 | 97.91% |
| 2015-06-30 | 97.93% |
| 2015-03-31 | 98.13% |
| 2014-12-31 | 98.54% |
| 2014-09-30 | 98.29% |
| 2014-06-30 | 98.26% |
| 2014-03-31 | 98.27% |
| 2013-12-31 | 98.22% |
| 2013-09-30 | 98.21% |
| 2013-06-30 | 98.09% |
| 2013-03-31 | 97.89% |
| 2012-12-31 | 97.22% |
| 2012-09-30 | 96.87% |
| 2012-06-30 | 97.06% |
| 2012-03-31 | 96.90% |
| 2011-12-31 | 96.49% |
| 2011-09-30 | 96.47% |
| 2011-06-30 | 96.37% |
| 2011-03-31 | 96.44% |
| 2010-12-31 | 80.93% |
| 2010-09-30 | 95.11% |
| 2010-06-30 | 96.03% |
| 2010-03-31 | 95.15% |
| 2009-12-31 | 97.94% |
| 2009-09-30 | 94.28% |
| 2009-06-30 | 94.90% |
| 2009-03-31 | 96.57% |
| 2008-12-31 | 96.18% |
| 2008-09-30 | 96.28% |
| 2008-06-30 | 96.25% |
| 2008-03-31 | 93.49% |
| 2007-12-31 | 91.06% |
| 2007-09-30 | 88.97% |
| 2007-06-30 | 88.02% |
| 2007-03-31 | 87.35% |
| 2006-12-31 | 107.52% |
| 2006-09-30 | 85.35% |
| 2006-06-30 | 86.68% |
| 2006-03-31 | 87.47% |
| 2005-12-31 | 85.26% |
| 2005-09-30 | 86.47% |
| 2005-06-30 | 86.68% |
| 2005-03-31 | 88.47% |
| 2004-12-31 | 91.38% |
| 2004-09-30 | 93.28% |
| 2004-06-30 | 95.30% |
| 2004-03-31 | 95.35% |
| 2003-12-31 | 95.07% |
| 2003-09-30 | 95.03% |
| 2003-06-30 | 94.09% |
| 2003-03-31 | 93.36% |
| 2002-12-31 | 93.17% |
| 2002-09-30 | 92.30% |
