Abbott Laboratories stock research
FY2024 Q3
Abbott Laboratories (ABT) Gross Margin — Quarter Ended Sep 30, 2024
Revenue, gross profit, and cost of revenue all increased compared to the previous quarter and the same quarter last year. Gross margin improved sequentially and year-over-year, reflecting a higher proportion of revenue retained as gross profit.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue, gross profit, and cost of revenue all increased compared to the previous quarter and the same quarter last year. Gross margin improved sequentially and year-over-year, reflecting a higher proportion of revenue retained as gross profit.
- The strongest observable margin driver was the slower increase in cost of revenue relative to revenue, resulting in a higher gross margin.
- Compared to the previous quarter, gross margin was slightly higher, while compared to the same quarter last year, gross margin showed a more notable improvement.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
55.8%
Gross profit
$5.9B
Revenue
$10.6B
Cost of revenue
$4.7B
Quarter-over-quarter change
+0.2 pts
Year-over-year change
+1.2 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 |
|---|---|---|---|---|
| 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% |
| Sep 30, 2024 | $10.6B | $5.9B | $4.7B | 55.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+0.2 pts
Year-over-year change
Sep 30, 2023
+1.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the slower increase in cost of revenue relative to revenue, resulting in a higher gross margin.
Compared to the previous quarter, gross margin was slightly higher, while compared to the same quarter last year, gross margin showed a more notable improvement.
Monitor inventory levels, which increased during the period as noted in the filing's working capital discussion.