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Fifth Third Bancorp (FITB) Gross Margin: 2016-2023

Historic Gross Margin for Fifth Third Bancorp (FITB) over the last 8 years, with Dec 2023 value amounting to 78.16%.

  • Fifth Third Bancorp's Gross Margin rose 734.00% to 83.85% in Q3 2024 from the same period last year, while for Sep 2024 it was 80.13%, marking a year-over-year increase of 224.00%. This contributed to the annual value of 78.16% for FY2023, which is 180.00% down from last year.
  • According to the latest figures from FY2023, Fifth Third Bancorp's Gross Margin is 78.16%, which was down 2.25% from 79.97% recorded in FY2022.
  • Fifth Third Bancorp's 5-year Gross Margin high stood at 82.17% for FY2021, and its period low was 71.33% during FY2019.
  • Moreover, its 3-year median value for Gross Margin was 79.97% (2022), whereas its average is 80.10%.
  • Per our database at Business Quant, Fifth Third Bancorp's Gross Margin soared by 1,007bps in 2020 and then plummeted by 220bps in 2022.
  • Yearly analysis of 5 years shows Fifth Third Bancorp's Gross Margin stood at 71.33% in 2019, then skyrocketed by 1,007bps to 81.40% in 2020, then skyrocketed by 77bps to 82.17% in 2021, then crashed by 220bps to 79.97% in 2022, then plummeted by 180bps to 78.16% in 2023.