Broadridge Financial Solutions Inc (BR)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 541,300 | 437,700 | 244,400 | 1,423,000 | 1,263,900 |
| Revenue | US$ in thousands | 6,506,800 | 5,917,200 | 5,621,400 | 4,936,200 | 4,466,500 |
| Gross profit margin | 8.32% | 7.40% | 4.35% | 28.83% | 28.30% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $541,300K ÷ $6,506,800K
= 8.32%
Broadridge Financial Solutions Inc's gross profit margin has shown fluctuations in recent years. In the most current period, ending on June 30, 2024, the gross profit margin was 8.32%, representing an improvement compared to the previous year's 7.40%. However, it remains significantly lower than the levels observed in 2021 and 2020, where the gross profit margins were 28.83% and 28.30%, respectively.
The significant drop in the gross profit margin in 2022, where it stood at 4.35%, suggests potential challenges or negative factors affecting the company's ability to generate profits from its core operations. It is positive to see an improvement in the most recent year, indicating efforts to enhance operational efficiency or pricing strategies.
Overall, the trend in Broadridge Financial Solutions Inc's gross profit margin highlights the importance of monitoring and analyzing this key financial metric to assess the company's profitability and operational performance over time.
Peer comparison
Jun 30, 2024