Amcor plc stock research
FY2026 Q3
Amcor (AMCR) Gross Margin & Quarterly History
Explore Amcor plc (AMCR) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q3
Gross profit is the difference between revenue and cost of revenue, and gross margin is the ratio of gross profit to revenue. In the current quarter, revenue exceeded cost of revenue, producing a positive gross profit and a corresponding gross margin.
- The strongest observable margin driver is the increase in gross profit relative to the increase in revenue from the prior quarter, which resulted in a higher gross margin. One concrete item to monitor is the trajectory of cost of revenue as a percentage of revenue.
- Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were also higher, and gross margin was higher as well.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
20.1%
Gross profit
$1.2B
Revenue
$5.9B
Cost of revenue
$4.7B
Quarter-over-quarter change
+1.1 pts
Year-over-year change
+0.5 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $3.3B | $654.0M | $2.7B | 19.6% |
| Sep 30, 2025 | $5.7B | $1.1B | $4.6B | 19.6% |
| Dec 31, 2025 | $5.4B | $1.0B | $4.4B | 19.1% |
| Mar 31, 2026 | $5.9B | $1.2B | $4.7B | 20.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+1.1 pts
Year-over-year change
Mar 31, 2025
+0.5 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 the increase in revenue from the prior quarter, which resulted in a higher gross margin. One concrete item to monitor is the trajectory of cost of revenue as a percentage of revenue.
Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were also higher, and gross margin was higher as well.
Monitor the relationship between cost of revenue and revenue in upcoming quarters, as it directly influences gross margin stability.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Amcor plc (AMCR) | 20.1% |