Shell (SHEL) Gross Margin (2009 - 2026)

Shell (SHEL) has 18 years of Gross Margin data on file, last reported at 31.83% in Q2 2026.

• Quarterly Gross Margin fell 74.0% year-over-year to 31.83% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 33.36% (down 604.0% YoY) and the FY2025 annual result came in at 35.27%, up 35.0% from the prior year.
• Gross Margin fell to 31.83% in Q2 2026, from 35.75% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 101.25% in Q3 2022 to a low of 30.96% in Q2 2023.
• A 5-year average of 57.3% and a median of 35.75% in 2026 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2022 — Gross Margin jumped 2246 bps — and 2024, when it sank 4070 bps.
• Tracing SHEL's Gross Margin over 5 years: stood at 98.78% in 2022, then plunged by 69 bps to 30.96% in 2023, then surged by 89 bps to 58.47% in 2024, then plunged by 44 bps to 32.58% in 2025, then retreated by 2 bps to 31.83% in 2026.
• The last three Gross Margin figures came in at 31.83% (Q2 2026), 35.75% (Q1 2026), and 32.58% (Q2 2025), per Business Quant data.