Fifth Third Bancorp (FITB) Gross Margin (2019 - 2024)
Fifth Third Bancorp (FITB) reported Gross Margin of 83.85% for Q3 2024, up 734.0% on a YoY basis from 10.05% in Q4 2023, and up 7.22% sequentially from 78.21% in Q2 2024.
Fifth Third Bancorp (FITB) Gross Margin (2019 - 2024) Analysis & Trends
Fifth Third Bancorp (FITB) has 6 years of Gross Margin data on file, last reported at 83.85% in Q3 2024.
- For the quarter ending Q3 2024, Gross Margin rose 734.0% year-over-year to 83.85%; the trailing twelve-month figure through Sep 2024 stood at 80.13% (up 224.0% YoY), and the FY2023 full-year result was 78.16%, down 180.0% from the prior year.
- Gross Margin improved to 83.85% in Q3 2024, from 78.21% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 86.58% in Q2 2021 to a low of 75.52% in Q3 2022.
- A 5-year average of 80.45% and a median of 79.31% in 2020 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 1228 bps in 2020 and slumped 540 bps in 2022, its largest moves.
- Tracing FITB's Gross Margin over 5 years: stood at 79.31% in 2020, then dropped by 2 bps to 77.42% in 2021, then increased by 1 bps to 77.86% in 2022, then gained by 2 bps to 79.45% in 2023, then gained by 6 bps to 83.85% in 2024.
- Business Quant data shows FITB's Gross Margin at 83.85% in Q3 2024, 78.21% in Q2 2024, and 78.81% in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | -244.16% |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | - |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | 80.84% |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | 30.54% |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | - |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | - |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | - |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | - |
| 10 | Fifth Third Bancorp | 37.79 Bn | 33.23 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 83.85% |
| Jun 30, 2024 | 78.21% |
| Mar 31, 2024 | 78.81% |
| Dec 31, 2023 | 79.45% |
| Sep 30, 2023 | 76.51% |
| Jun 30, 2023 | 78.47% |
| Mar 31, 2023 | 78.83% |
| Dec 31, 2022 | 77.86% |
| Sep 30, 2022 | 75.52% |
| Jun 30, 2022 | 81.82% |
| Mar 31, 2022 | 84.21% |
| Dec 31, 2021 | 77.42% |
| Sep 30, 2021 | 80.92% |
| Jun 30, 2021 | 86.58% |
| Mar 31, 2021 | 84.03% |
| Dec 31, 2020 | 79.31% |
| Sep 30, 2020 | 84.03% |
| Jun 30, 2020 | 83.61% |
| Mar 31, 2020 | 79.05% |
| Dec 31, 2019 | 69.59% |