Broadridge Financial Solutions Inc (BR)

Gross profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	543,700	648,100	593,200	534,800	440,400	311,600	283,100	245,600	254,000	600,600	888,700	1,180,900	1,422,900	1,385,700	1,333,900	1,273,100	1,263,900	1,185,800	1,185,900	1,217,600
Revenue (ttm)	US$ in thousands	6,506,800	6,247,900	6,165,000	6,056,600	5,917,200	5,818,600	5,726,600	5,706,800	5,621,400	5,451,700	5,316,100	5,122,100	4,954,600	4,784,900	4,640,300	4,550,700	4,482,700	4,332,000	4,311,500	4,300,300
Gross profit margin		8.36%	10.37%	9.62%	8.83%	7.44%	5.36%	4.94%	4.30%	4.52%	11.02%	16.72%	23.05%	28.72%	28.96%	28.75%	27.98%	28.20%	27.37%	27.51%	28.31%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $543,700K ÷ $6,506,800K
= 8.36%

Broadridge Financial Solutions Inc's gross profit margin has fluctuated over the past several quarters. There was a significant decrease in the gross profit margin from 28.31% in March 2022 to 4.30% in September 2022. Subsequently, the margin gradually improved, reaching 10.37% in March 2024. However, in the most recent quarter, ending June 30, 2024, the gross profit margin declined again to 8.36%.

The trend in the gross profit margin indicates some volatility, with periods of both significant improvement and decline. It is essential for Broadridge Financial Solutions Inc to closely monitor and manage its cost of goods sold and revenue generation to sustain and enhance its gross profit margin in the future.