Campbell'S (CPB) Gross Margin (2009 - 2026)

Campbell'S's Gross Margin history runs 18 years deep, the most recent figure standing at 90.17% for Q1 2026.

• In Q1 2026, Gross Margin rose 5967.0% year-over-year to 90.17%; the TTM figure through Feb 2026 stood at 123.33% (up 9277.0% YoY), while the FY2025 annual figure was 90.99%, up 6016.0% from the prior year.
• Gross Margin was 90.17% for Q1 2026 at Campbell'S, roughly flat from 90.55% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 297.93% in Q3 2025 to a low of 181.82% in Q3 2023.
• Historically, Gross Margin has averaged 47.9% across 5 years, with a median of 30.9% in 2024.
• The sharpest annual moves came in 2023 and 2025: Gross Margin sank 21055 bps in 2023, then surged 26849 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 32.39% in 2022, then surged by 182 bps to 91.18% in 2023, then slumped by 66 bps to 31.28% in 2024, then soared by 190 bps to 90.55% in 2025, then slipped by 0 bps to 90.17% in 2026.
• The last three Gross Margin figures came in at 90.17% (Q1 2026), 90.55% (Q4 2025), and 297.93% (Q3 2025), per Business Quant data.