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.