Phillips 66 (PSX) Gross Margin (2012 - 2026)
Phillips 66's (PSX) quarterly Gross Margin came in at 16.1% in Q2 2026, up 284.0% on a YoY basis from 4.19% in Q2 2025, and up 40.36% quarter-over-quarter from 11.47% in Q1 2026.
Powered by 
Analysis
Phillips 66 (PSX) Gross Margin (2012 - 2026) Analysis & Trends
Phillips 66 (PSX) has reported Gross Margin for 15 consecutive years, with 16.1% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 284.0% year-over-year to 16.1%; the trailing twelve-month figure through Jun 2026 stood at 15.43% (up 382.0% YoY), and the FY2025 full-year result was 14.99%, up 431.0% from the prior year.
- Gross Margin grew to 16.1% in Q2 2026 per PSX's latest filing, from 11.47% in the prior quarter.
- Across five years, Gross Margin topped out at 20.75% in Q3 2022 and bottomed at 8.79% in Q1 2022.
- Historically, Gross Margin has averaged 13.62% across 5 years, with a median of 13.39% in 2025.
- The sharpest annual moves came in 2023 and 2025: Gross Margin sank 589 bps in 2023, then jumped 1030 bps in 2025.
- Over 5 years, Gross Margin stood at 14.08% in 2022, then retreated by 10 bps to 12.64% in 2023, then declined by 25 bps to 9.51% in 2024, then surged by 108 bps to 19.81% in 2025, then slipped by 19 bps to 16.1% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 16.1%, 11.47%, and 19.81% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn | 47.75% |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn | 31.83% |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn | 37.98% |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - | - |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn | 65.62% |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - | - |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn | 16.10% |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn | 82.99% |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn | 92.04% |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.10% |
| Mar 31, 2026 | 11.47% |
| Dec 31, 2025 | 19.81% |
| Sep 30, 2025 | 13.61% |
| Jun 30, 2025 | 13.26% |
| Mar 31, 2025 | 12.82% |
| Dec 31, 2024 | 9.51% |
| Sep 30, 2024 | 10.98% |
| Jun 30, 2024 | 11.01% |
| Mar 31, 2024 | 11.12% |
| Dec 31, 2023 | 12.64% |
| Sep 30, 2023 | 14.86% |
| Jun 30, 2023 | 14.46% |
| Mar 31, 2023 | 16.38% |
| Dec 31, 2022 | 14.08% |
| Sep 30, 2022 | 20.75% |
| Jun 30, 2022 | 13.51% |
| Mar 31, 2022 | 8.79% |
| Dec 31, 2021 | 12.74% |
| Sep 30, 2021 | 12.53% |
API Access
Phillips 66 Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PSX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();