Shell (RYDAF) Gross Margin (2009 - 2026)
Shell's (RYDAF) quarterly Gross Margin came in at 31.83% in Q2 2026, down 74.0% on a YoY basis from 122.43% in Q2 2025, and down 10.96% quarter-over-quarter from 35.75% in Q1 2026.
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Shell (RYDAF) Gross Margin (2009 - 2026) Analysis & Trends
Shell (RYDAF) has reported Gross Margin for 18 consecutive years, with 31.83% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 74.0% year-over-year to 31.83%; the trailing twelve-month figure through Jun 2026 stood at 33.36% (down 604.0% YoY), and the FY2025 full-year result was 87.37%, up 42.0% from the prior year.
- Gross Margin eased to 31.83% in Q2 2026 per RYDAF's latest filing, from 35.75% in the prior quarter.
- Across five years, Gross Margin topped out at 99.12% in Q1 2022 and bottomed at 30.96% in Q2 2023.
- Historically, Gross Margin has averaged 49.63% across 5 years, with a median of 33.78% in 2025.
- The widest YoY moves for Gross Margin: up 268 bps in 2024, down 3905 bps in 2024.
- Over 5 years, Gross Margin stood at 33.62% in 2022, then dropped by 8 bps to 30.96% in 2023, then jumped by 89 bps to 58.47% in 2024, then slumped by 44 bps to 32.58% in 2025, then slipped by 2 bps to 31.83% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 31.83%, 35.75%, and 32.58% for Q2 2026, Q1 2026, and Q2 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 | 31.83% |
| Mar 31, 2026 | 35.75% |
| Jun 30, 2025 | 32.58% |
| Mar 31, 2025 | 33.78% |
| Dec 31, 2024 | 58.47% |
| Jun 30, 2024 | 33.64% |
| Mar 31, 2024 | 58.55% |
| Jun 30, 2023 | 30.96% |
| Mar 31, 2023 | 97.60% |
| Jun 30, 2022 | 33.62% |
| Mar 31, 2022 | 99.12% |
| Jun 30, 2021 | 34.37% |
| Mar 31, 2021 | 98.56% |
| Jun 30, 2020 | 44.34% |
| Mar 31, 2020 | 93.71% |
| Dec 31, 2019 | 26.26% |
| Jun 30, 2019 | 24.25% |
| Mar 31, 2019 | 28.44% |
| Dec 31, 2018 | 24.92% |
| Sep 30, 2018 | 24.04% |
API Access
Shell 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=RYDAF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "RYDAF", "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=RYDAF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();