Abbott Laboratories stock research
FY2024 Q2
Abbott Laboratories (ABT) Gross Margin — Quarter Ended Jun 30, 2024
Revenue, gross profit, and cost of revenue all increased compared to both the prior quarter and the same quarter last year. Gross margin improved slightly versus both periods, indicating that gross profit grew faster than cost of revenue.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue, gross profit, and cost of revenue all increased compared to both the prior quarter and the same quarter last year. Gross margin improved slightly versus both periods, indicating that gross profit grew faster than cost of revenue.
- The strongest observable margin driver is the increase in gross profit relative to cost of revenue, as gross margin improved sequentially and year-over-year.
- Compared to the prior quarter, revenue and gross profit were higher, while gross margin improved. Versus the same quarter last year, revenue and gross profit were also higher, with gross margin showing a similar improvement.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
55.6%
Gross profit
$5.8B
Revenue
$10.4B
Cost of revenue
$4.6B
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+0.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2023 | $10.1B | $5.5B | $4.6B | 54.6% |
| Dec 31, 2023 | $10.2B | $5.7B | $4.6B | 55.5% |
| Mar 31, 2024 | $10.0B | $5.5B | $4.5B | 55.2% |
| Jun 30, 2024 | $10.4B | $5.8B | $4.6B | 55.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.4 pts
Year-over-year change
Jun 30, 2023
+0.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the increase in gross profit relative to cost of revenue, as gross margin improved sequentially and year-over-year.
Compared to the prior quarter, revenue and gross profit were higher, while gross margin improved. Versus the same quarter last year, revenue and gross profit were also higher, with gross margin showing a similar improvement.
Monitor the trend in cost of revenue relative to revenue, as its growth rate will directly impact future gross margin.