Fifth Third Bancorp (FITB) Gross Margin (2019 - 2024)

Fifth Third Bancorp has disclosed Gross Margin across 6 years of filings, most recently posting 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.
• Average Gross Margin over 5 years is 80.45%, with a median of 79.31% recorded in 2020.
• Year-over-year, Gross Margin jumped 1228 bps in 2020 and tumbled 540 bps in 2022.
• Over 5 years, Gross Margin stood at 79.31% in 2020, then declined by 2 bps to 77.42% in 2021, then rose by 1 bps to 77.86% in 2022, then advanced by 2 bps to 79.45% in 2023, then advanced by 6 bps to 83.85% in 2024.
• Per Business Quant data, the three most recent Gross Margin figures were 83.85% in Q3 2024, 78.21% in Q2 2024, and 78.81% in Q1 2024.