Fifth Third Bancorp (FITB) Gross Margin (2019 - 2024)
Fifth Third Bancorp recorded quarterly Gross Margin of 83.85% in Q3 2024, up 7.22% quarter-over-quarter from 78.21% in Q2 2024, and up 734.0% year-over-year from 10.05% in Q4 2023.
Fifth Third Bancorp's Gross Margin history runs 6 years deep, the most recent figure standing at 83.85% for Q3 2024.
- In Q3 2024, Gross Margin rose 734.0% year-over-year to 83.85%; the TTM figure through Sep 2024 stood at 80.13% (up 224.0% YoY), while the FY2023 annual figure was 78.16%, down 180.0% from the prior year.
- Gross Margin came in at 83.85% for Q3 2024 at Fifth Third Bancorp, up 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 jumped 1228 bps in 2020 and tumbled 540 bps in 2022, its largest moves.
- Fifth Third Bancorp's Gross Margin stood at 79.31% in 2020, then fell by 2 bps to 77.42% in 2021, then gained by 1 bps to 77.86% in 2022, then climbed by 2 bps to 79.45% in 2023, then climbed by 6 bps to 83.85% in 2024.
- According to Business Quant data, Gross Margin over the past three periods registered 83.85%, 78.21%, and 78.81% for Q3 2024, Q2 2024, and Q1 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | - |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | - |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | - |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | - |
| 10 | Fifth Third Bancorp | - | - | - | - |
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% |
| Sep 30, 2019 | 72.03% |
| Jun 30, 2019 | 71.33% |
| Mar 31, 2019 | 72.52% |