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 45.64% is in line with its 5-year average of 45.89%, near the low end of its 5-year range (43.32%–80.49%).
18.84% below its 12-month average of 56.24%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
45.64%
GROSS MARGIN AVG TTM
56.24%
GROSS MARGIN AVG 3Y
47.14%
GROSS MARGIN AVG 5Y
45.89%
GROSS MARGIN AVG 10Y
45.75%
GROSS MARGIN AVG 15Y
51.66%
GROSS MARGIN AVG 20Y
53.57%
CURRENT VS TTM AVG
-18.84%
CURRENT VS 3Y AVG
-3.19%
CURRENT VS 5Y AVG
-0.55%
CURRENT VS 10Y AVG
-0.25%
CURRENT VS 15Y AVG
-11.66%
CURRENT VS 20Y AVG
-14.80%
SECTOR MEDIAN · COMMUNICATION SERVICES
55.66%
median of 31 covered companies
CURRENT VS SECTOR MEDIAN
-18.00%
vs the sector median at left
Verizon Communications Inc.
Market Cap
$210.49B
Gross Margin
45.64%
TTM Avg
56.24%
3Y Avg
47.14%
5Y Avg
45.89%
Market Cap
$182.49B
Gross Margin
37.60%
TTM Avg
36.75%
3Y Avg
35.29%
5Y Avg
34.52%
Market Cap
$108.68B
Gross Margin
32.79%
TTM Avg
31.06%
3Y Avg
28.18%
5Y Avg
27.51%
Market Cap
$93.44B
Gross Margin
69.39%
TTM Avg
70.91%
3Y Avg
70.03%
5Y Avg
69.18%
Market Cap
$70.50B
Gross Margin
28.18%
TTM Avg
34.88%
3Y Avg
37.49%
5Y Avg
45.98%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Verizon Communications Inc. (VZ) | $210.49B | 45.64% | 56.24% | 47.14% | 45.89% |
| T-Mobile US, Inc. (TMUS)vs › | $194.89B | 54.46% | 55.61% | 56.82% | 56.71% |
| The Walt Disney Company (DIS)vs › | $182.49B | 37.60% | 36.75% | 35.29% | 34.52% |
| AT&T Inc. (T)vs › | $175.49B | 59.72% | 51.24% | 51.03% | 49.32% |
| Spotify Technology S.A. (SPOT)vs › | $108.68B | 32.79% | 31.06% | 28.18% | 27.51% |
| Netflix, Inc. (NFLX)vs › | $319.67B | 49.12% | 47.28% | 43.87% | 42.66% |
| Comcast Corporation (CMCSA)vs › | $93.44B | 69.39% | 70.91% | 70.03% | 69.18% |
| DoorDash, Inc. (DASH)vs › | $87.34B | 51.41% | 49.59% | 47.89% | 49.39% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $70.50B | 28.18% | 34.88% | 37.49% | 45.98% |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.67B | 23.01% | 24.09% | 24.56% | 25.57% |
Gross Margin
45.6%
(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 | 47.18% |
| 2026-03-31 | 60.30% |
| 2025-12-31 | 80.49% |
| 2025-09-30 | 46.89% |
| 2025-06-30 | 46.33% |
| 2025-03-31 | 47.34% |
| 2024-12-31 | 43.89% |
| 2024-09-30 | 46.90% |
| 2024-06-30 | 48.30% |
| 2024-03-31 | 47.49% |
| 2023-12-31 | 43.93% |
| 2023-09-30 | 46.40% |
| 2023-06-30 | 47.47% |
| 2023-03-31 | 45.85% |
| 2022-12-31 | 43.32% |
| 2022-09-30 | 44.73% |
| 2022-06-30 | 44.54% |
| 2022-03-31 | 44.61% |
| 2021-12-31 | 44.09% |
| 2021-09-30 | 46.87% |
| 2021-06-30 | 45.87% |
| 2021-03-31 | 46.16% |
| 2020-12-31 | 45.18% |
| 2020-09-30 | 47.61% |
| 2020-06-30 | 47.68% |
| 2020-03-31 | 47.97% |
| 2019-12-31 | 43.25% |
| 2019-09-30 | 46.80% |
| 2019-06-30 | 47.14% |
| 2019-03-31 | 46.40% |
| 2018-12-31 | 42.70% |
| 2018-09-30 | 45.69% |
| 2018-06-30 | 45.10% |
| 2018-03-31 | 43.41% |
| 2017-12-31 | 42.19% |
| 2017-09-30 | 45.63% |
| 2017-06-30 | 45.49% |
| 2017-03-31 | 47.26% |
| 2016-12-31 | 43.26% |
| 2016-09-30 | 47.73% |
| 2016-06-30 | 59.97% |
| 2016-03-31 | 60.80% |
| 2015-12-31 | 57.06% |
| 2015-09-30 | 59.87% |
| 2015-06-30 | 61.37% |
| 2015-03-31 | 62.18% |
| 2014-12-31 | 56.61% |
| 2014-09-30 | 61.21% |
| 2014-06-30 | 61.61% |
| 2014-03-31 | 63.69% |
| 2013-12-31 | 61.49% |
| 2013-09-30 | 63.80% |
| 2013-06-30 | 62.96% |
| 2013-03-31 | 62.84% |
| 2012-12-31 | 56.50% |
| 2012-09-30 | 62.11% |
| 2012-06-30 | 61.84% |
| 2012-03-31 | 59.92% |
| 2011-12-31 | 57.48% |
| 2011-09-30 | 59.17% |
| 2011-06-30 | 59.48% |
| 2011-03-31 | 58.40% |
| 2010-12-31 | 62.33% |
| 2010-09-30 | 59.71% |
| 2010-06-30 | 54.37% |
| 2010-03-31 | 60.42% |
| 2009-12-31 | 53.81% |
| 2009-09-30 | 59.67% |
| 2009-06-30 | 60.98% |
| 2009-03-31 | 61.24% |
| 2008-12-31 | 59.52% |
| 2008-09-30 | 59.41% |
| 2008-06-30 | 60.76% |
| 2008-03-31 | 60.07% |
| 2007-12-31 | 58.91% |
| 2007-09-30 | 59.58% |
| 2007-06-30 | 60.34% |
| 2007-03-31 | 60.54% |
| 2006-12-31 | 57.11% |
| 2006-09-30 | 60.23% |
| 2006-06-30 | 60.21% |
| 2006-03-31 | 59.89% |
| 2005-12-31 | 66.10% |
| 2005-09-30 | 65.59% |
| 2005-06-30 | 66.34% |
| 2005-03-31 | 66.32% |
| 2004-12-31 | 66.80% |
| 2004-09-30 | 67.08% |
| 2004-06-30 | 68.35% |
| 2004-03-31 | 67.81% |
| 2003-12-31 | 65.99% |
| 2003-09-30 | 66.56% |
| 2003-06-30 | 70.04% |
| 2003-03-31 | 68.93% |
| 2002-12-31 | 36.09% |
| 2002-09-30 | 69.99% |
