Phillips 66 (PSX) Gross Margin (2017 - 2026)
Phillips 66's Gross Margin was 16.10% in Q2 2026, up 2.84 percentage points from 13.26% a year earlier and up 4.63 percentage points from the prior quarter.
Phillips 66 (PSX) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Phillips 66's Gross Margin was 15.43% through Jun 30, 2026, up 3.82 percentage points year-over-year; for FY2025, it was 14.99%, up 4.31 percentage points from FY2024.
- Gross Margin shows a five-year change of +3.10 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 10.68% in FY2024 (-3.87 pp), 14.55% in FY2023 (-0.12 pp), 14.67% in FY2022 (+3.57 pp) and 11.10% in FY2021 (-0.79 pp).
- Quarterly Gross Margin has moved between 8.79% (Q1 2022) and 20.75% (Q3 2022) over five years.
- Compared with a year earlier, Gross Margin was higher in five of the last eight quarters, with an average year-over-year change of +1.42 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2025 (a gain of 10.30 percentage points); the worst was Q3 2023 (a drop of 5.89 percentage points).
- Per Business Quant data, PSX's Gross Margin in the three quarters before Q2 2026 was 11.47% (Q1 2026), 19.81% (Q4 2025) and 13.61% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | - |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | 47.75% |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | 31.83% |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | 100.00% |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 65.62% |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | - |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | 16.10% |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | 82.99% |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | - |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | - |
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% |
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_KEY
import 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();