Shell plc (SHEL) Gross Margin (2009 - 2026)

Shell (SHEL) 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 SHEL'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.