Fifth Third Bancorp (FITB) Gross Margin (2019 - 2024)
Fifth Third Bancorp (FITB) posted Gross Margin of 83.85% for Q3 2024, up 7.22% sequentially from 78.21% in Q2 2024, and up 734.0% YoY from 10.05% in Q4 2023.
Fifth Third Bancorp (FITB) Gross Margin (2019 - 2024) Analysis & Trends
Fifth Third Bancorp has reported Gross Margin for 6 years, with the latest figure at 83.85% in Q3 2024.
- Quarterly Gross Margin rose 734.0% year-over-year to 83.85% in Q3 2024, while the trailing twelve-month figure through Sep 2024 was 80.13% (up 224.0% YoY) and the FY2023 annual result came in at 78.16%, down 180.0% from the prior year.
- Gross Margin improved to 83.85% in Q3 2024 per FITB's latest filing, from 78.21% in the prior quarter.
- Over five years, Gross Margin peaked at 86.58% in Q2 2021 and troughed at 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.
- The sharpest annual moves came in 2020 and 2022: Gross Margin surged 1228 bps in 2020, then plunged 540 bps in 2022.
- Over 5 years, Gross Margin stood at 79.31% in 2020, then retreated by 2 bps to 77.42% in 2021, then advanced by 1 bps to 77.86% in 2022, then grew by 2 bps to 79.45% in 2023, then grew 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | 42.56% |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | - |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 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% |