First Merchants (FRME) Gross Margin (2017 - 2026)
First Merchants (FRME) reported Gross Margin of 169.98% for Q1 2026, up 5604.0% on a YoY basis from 2.98% in Q1 2025, and down 240.51% quarter-over-quarter from 120.97% in Q4 2025.
First Merchants (FRME) Gross Margin (2017 - 2026) Analysis & Trends
First Merchants has reported Gross Margin for 10 years, with the latest figure at 169.98% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 5604.0% year-over-year to 169.98%; the trailing twelve-month figure through Mar 2026 stood at 193.96% (up 13656.0% YoY), and the FY2025 full-year result was 130.25%, down 20759.0% from the prior year.
- Gross Margin for Q1 2026 stood at 169.98%, down from 120.97% in the prior quarter.
- The five-year high for Gross Margin was 395.88% in Q4 2022, with the low at 516.93% in Q3 2023.
- Historically, Gross Margin has averaged 34.67% across 5 years, with a median of 68.22% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 36350 bps — and 2023, when it tumbled 58342 bps.
- First Merchants' Gross Margin stood at 395.88% in 2022, then plunged by 72 bps to 112.74% in 2023, then tumbled by 39 bps to 68.22% in 2024, then surged by 77 bps to 120.97% in 2025, then slumped by 241 bps to 169.98% in 2026.
- The last three Gross Margin figures came in at 169.98% (Q1 2026), 120.97% (Q4 2025), and 93.25% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | - |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | - |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | - |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | - |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | - |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | - |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | First Merchants | 2.55 Bn | 2.55 Bn | -1.01 Mn | -169.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -169.98% |
| Dec 31, 2025 | 120.97% |
| Sep 30, 2025 | -93.25% |
| Jun 30, 2025 | -140.31% |
| Mar 31, 2025 | -226.02% |
| Dec 31, 2024 | 68.22% |
| Sep 30, 2024 | -433.72% |
| Jun 30, 2024 | 79.91% |
| Mar 31, 2024 | -180.56% |
| Dec 31, 2023 | 112.74% |
| Sep 30, 2023 | -516.93% |
| Jun 30, 2023 | 85.10% |
| Mar 31, 2023 | 82.21% |
| Dec 31, 2022 | 395.88% |
| Sep 30, 2022 | 66.49% |
| Jun 30, 2022 | 72.68% |
| Mar 31, 2022 | 87.14% |
| Dec 31, 2021 | 32.38% |
| Sep 30, 2021 | 73.18% |
| Jun 30, 2021 | 85.06% |