Shinhan Financial (SHG) Gross Margin (2010 - 2023)

Shinhan Financial (SHG) posted quarterly Gross Margin of 97.92% for Q4 2023, down 208.0% year-on-year from 90.67% in Q4 2022, and down 2.08% on a QoQ basis from 100.0% in Q4 2022.

Shinhan Financial (SHG) Gross Margin (2010 - 2023) Analysis & Trends

Shinhan Financial (SHG) has reported Gross Margin for 12 consecutive years, with 97.92% the latest figure, recorded in Q4 2023.

  • Quarterly Gross Margin fell 208.0% year-over-year to 97.92% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 49547.09% (up 4944708.0% YoY) and the FY2025 annual result came in at 97.88%, down 36.0% from the prior year.
  • Gross Margin declined to 97.92% in Q4 2023 per SHG's latest filing, from 100.0% in the prior quarter.
  • Over the last five years, Gross Margin for SHG reached as high as 111.12% in Q4 2019 and fell as low as 8158858.08% in Q2 2021.
  • A 5-year average of 936284.58% and a median of 1194.54% in 2019 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2021 — Gross Margin plunged 815801682 bps — and 2022, when it jumped 815895248 bps.
  • Year by year, Gross Margin stood at 111.12% in 2019, then slumped by 1876 bps to 1973.24% in 2020, then surged by 106 bps to 109.44% in 2021, then declined by 9 bps to 100.0% in 2022, then slipped by 2 bps to 97.92% in 2023.
  • According to Business Quant data, Gross Margin over the past three periods registered 97.92%, 100.0%, and 2215.28% for Q4 2023, Q4 2022, and Q3 2022 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 KB Financial 43,124.21 Bn 43,125.44 Bn -775,612.08 -244.16%
2 Shinhan Financial 33,971.34 Bn 33,973.00 Bn - -
3 Bank Of Chile 4,105.33 Bn 4,105.33 Bn 167,623.00 80.84%
4 NatWest 768.74 Bn 572.78 Bn 1.79 Bn 30.54%
5 Mizuho Financial 385.64 Bn 389.59 Bn - -
6 Lloyds Banking 358.14 Bn 358.14 Bn - -
7 First Capital 200.03 Bn 199.69 Bn - -
8 Landmark Bancorp 187.97 Bn 187.94 Bn - -
9 Pnc Financial Services 100.96 Bn 101.01 Bn - -
10 Itau Unibanco Holding 90.02 Bn 47.32 Bn - -

Historic Data

Download Data
DateValue
Dec 31, 2023 97.92%
Dec 31, 2022 100.00%
Sep 30, 2022 -2,215.28%
Jun 30, 2022 94.40%
Dec 31, 2021 109.44%
Sep 30, 2021 -4,913,645.45%
Jun 30, 2021 -8,158,858.08%
Sep 30, 2020 -1,973.24%
Jun 30, 2020 -841.26%
Mar 31, 2020 -26,869.89%
Dec 31, 2019 111.12%
Sep 30, 2019 -1,137.70%
Jun 30, 2019 -1,251.37%
Mar 31, 2019 -1,704.75%
Dec 31, 2018 106.82%
Sep 30, 2018 -4,614.90%
Jun 30, 2018 100.00%
Mar 31, 2018 -1,979.99%
Dec 31, 2017 104.02%
Sep 30, 2017 -644.77%