Aptiv PLC stock research
FY2025 Q3
Aptiv (APTV) Gross Margin — Quarter Ended Sep 30, 2025
Revenue was stable sequentially while gross profit increased, leading to a higher gross margin. Compared to the same quarter a year ago, both revenue and gross profit rose, with gross profit growing at a faster pace, resulting in an improved gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue was stable sequentially while gross profit increased, leading to a higher gross margin. Compared to the same quarter a year ago, both revenue and gross profit rose, with gross profit growing at a faster pace, resulting in an improved gross margin.
- The primary observable driver was the increase in gross profit relative to the change in revenue. Sequentially, gross profit rose while revenue held steady, and year over year, gross profit grew faster than revenue.
- Sequentially, the gross margin improved from the prior quarter. Year over year, the gross margin also improved compared to the same quarter last year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
19.5%
Gross profit
$1.0B
Revenue
$5.2B
Cost of revenue
$4.2B
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+0.9 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, 2024 | $4.9B | $903.0M | $4.0B | 18.6% |
| Mar 31, 2025 | $4.8B | $920.0M | $3.9B | 19.1% |
| Jun 30, 2025 | $5.2B | $997.0M | $4.2B | 19.1% |
| Sep 30, 2025 | $5.2B | $1.0B | $4.2B | 19.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+0.4 pts
Year-over-year change
Sep 30, 2024
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver was the increase in gross profit relative to the change in revenue. Sequentially, gross profit rose while revenue held steady, and year over year, gross profit grew faster than revenue.
Sequentially, the gross margin improved from the prior quarter. Year over year, the gross margin also improved compared to the same quarter last year.
Monitor the trajectory of cost of revenue relative to revenue to assess whether the gross margin improvement can be sustained.