First Merchants (FRMEP) Gross Margin (2017 - 2026)

First Merchants has reported Gross Margin for 10 years, with the latest figure at 75.41% in Q2 2026.

• On a quarterly basis, Gross Margin fell 198.0% year-over-year to 75.41% in Q2 2026; TTM through Jun 2026 was 77.56%, a 3.0% decrease from a year earlier, with the FY2025 full-year figure at 78.04%, down 36.0% from the prior year.
• Gross Margin was 75.41% for Q2 2026 at First Merchants, down from 83.61% in the prior quarter.
• The five-year high for Gross Margin was 89.96% in Q1 2022, with the low at 57.91% in Q4 2022.
• Average Gross Margin over 5 years is 77.06%, with a median of 77.92% recorded in 2024.
• The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 1609 bps in 2022, then jumped 817 bps in 2024.
• Over 5 years, Gross Margin stood at 57.91% in 2022, then gained by 13 bps to 65.59% in 2023, then grew by 7 bps to 70.2% in 2024, then grew by 6 bps to 74.67% in 2025, then climbed by 1 bps to 75.41% in 2026.
• The last three Gross Margin figures came in at 75.41% (Q2 2026), 83.61% (Q1 2026), and 74.67% (Q4 2025), per Business Quant data.