Amcor plc stock research
FY2025 Q3
Amcor (AMCR) Gross Margin — Quarter Ended Mar 31, 2025
Gross profit as a percentage of revenue was below the prior-year level but improved sequentially. Revenue and cost of revenue both rose from the previous quarter, while gross profit increased at a faster pace relative to revenue, lifting the margin; compared with the same quarter last year, revenue was lower and cost of revenue was similar, causing gross profit and margin to decline.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q3
Gross profit as a percentage of revenue was below the prior-year level but improved sequentially. Revenue and cost of revenue both rose from the previous quarter, while gross profit increased at a faster pace relative to revenue, lifting the margin; compared with the same quarter last year, revenue was lower and cost of revenue was similar, causing gross profit and margin to decline.
- The strongest observable driver was the sequential improvement in gross margin, which reflected a larger increase in gross profit relative to the increase in revenue.
- Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Compared with the same quarter one year earlier, revenue and gross profit were lower, cost of revenue was similar, and gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
19.6%
Gross profit
$654.0M
Revenue
$3.3B
Cost of revenue
$2.7B
Quarter-over-quarter change
+0.3 pts
Year-over-year change
-0.7 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, 2024 | $3.4B | $692.0M | $2.7B | 20.3% |
| Sep 30, 2024 | $3.4B | $659.0M | $2.7B | 19.7% |
| Dec 31, 2024 | $3.2B | $626.0M | $2.6B | 19.3% |
| Mar 31, 2025 | $3.3B | $654.0M | $2.7B | 19.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
+0.3 pts
Year-over-year change
Mar 31, 2024
-0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver was the sequential improvement in gross margin, which reflected a larger increase in gross profit relative to the increase in revenue.
Compared with the immediately preceding quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Compared with the same quarter one year earlier, revenue and gross profit were lower, cost of revenue was similar, and gross margin weakened.
Monitor whether the year-over-year decline in gross margin persists or reverses in coming quarters, as cost of revenue remained stable while revenue contracted.