First Merchants (FRME) Gross Margin (2017 - 2026)
First Merchants (FRME) posted quarterly Gross Margin of 75.41% for Q2 2026, down 198.0% year-over-year from 76.95% in Q2 2025, and down 9.81% on a QoQ basis from 83.61% in Q1 2026.
First Merchants (FRME) Gross Margin (2017 - 2026) Analysis & Trends
First Merchants has reported Gross Margin for 10 years, with the latest figure at 75.41% in Q2 2026.
- Gross Margin for Q2 2026 came in at 75.41%, down 198.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 77.56% (down 3.0% YoY), and the FY2025 annual result was 78.04%, down 36.0% from the prior year.
- Gross Margin retreated to 75.41% in Q2 2026, from 83.61% in the prior quarter.
- Over five years, Gross Margin peaked at 89.96% in Q1 2022 and troughed at 57.91% in Q4 2022.
- A 5-year average of 77.06% and a median of 77.92% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin plunged 1609 bps; it then soared 817 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 57.91% in 2022, then increased by 13 bps to 65.59% in 2023, then advanced by 7 bps to 70.2% in 2024, then advanced by 6 bps to 74.67% in 2025, then gained by 1 bps to 75.41% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 75.41% in Q2 2026, 83.61% in Q1 2026, and 74.67% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.84 Bn | 84.64 Bn | - | - |
| 2 | Pnc Financial Services | 97.93 Bn | 97.93 Bn | - | - |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.88 Bn | -144.21 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.16 Bn | -81.16 Bn | - | - |
| 7 | Nu Holdings | 70.90 Bn | 57.21 Bn | 2.35 Bn | 42.56% |
| 8 | Truist Financial | 61.79 Bn | 61.79 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.93 Bn | 26.21 Bn | - | - |
| 10 | First Merchants | 2.62 Bn | 2.62 Bn | 7.27 Mn | 75.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 75.41% |
| Mar 31, 2026 | 82.28% |
| Dec 31, 2025 | 76.60% |
| Sep 30, 2025 | 76.24% |
| Jun 30, 2025 | 59.51% |
| Mar 31, 2025 | 70.11% |
| Dec 31, 2024 | 120.15% |
| Sep 30, 2024 | 78.04% |
| Jun 30, 2024 | 78.41% |
| Mar 31, 2024 | 85.39% |
| Dec 31, 2023 | 112.45% |
| Sep 30, 2023 | -359.11% |
| Jun 30, 2023 | 85.10% |
| Mar 31, 2023 | -14.02% |
| Dec 31, 2022 | 117.65% |
| Sep 30, 2022 | -243.00% |
| Jun 30, 2022 | 72.68% |
| Mar 31, 2022 | 88.53% |
| Dec 31, 2021 | 91.35% |
| Sep 30, 2021 | 73.18% |