Gilead Sciences, Inc. stock research
FY2025 Q4
Gilead Sciences (GILD) Gross Margin — Quarter Ended Dec 31, 2025
Revenue and gross profit both increased from the prior quarter and the same quarter last year, while cost of revenue remained stable period over period. Gross margin weakened slightly from the immediately preceding quarter but improved compared with the same quarter one year earlier.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue and gross profit both increased from the prior quarter and the same quarter last year, while cost of revenue remained stable period over period. Gross margin weakened slightly from the immediately preceding quarter but improved compared with the same quarter one year earlier.
- The relationship between revenue and cost of revenue drove gross profit higher, as revenue grew while cost of revenue did not increase proportionally. Gross margin was higher than the year-ago quarter and marginally lower than the prior quarter, reflecting the stable cost base relative to revenue changes.
- Compared with the immediately preceding quarter, gross margin was slightly lower despite higher revenue and gross profit, as cost of revenue was relatively unchanged. Compared with the same quarter one year earlier, gross margin was higher on improved revenue and gross profit.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
79.5%
Gross profit
$6.3B
Revenue
$7.9B
Cost of revenue
$1.6B
Quarter-over-quarter change
-0.3 pts
Year-over-year change
+0.4 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 | $6.7B | $5.1B | $1.5B | 76.9% |
| Jun 30, 2025 | $7.1B | $5.6B | $1.5B | 78.8% |
| Sep 30, 2025 | $7.8B | $6.2B | $1.6B | 79.8% |
| Dec 31, 2025 | $7.9B | $6.3B | $1.6B | 79.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-0.3 pts
Year-over-year change
Dec 31, 2024
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The relationship between revenue and cost of revenue drove gross profit higher, as revenue grew while cost of revenue did not increase proportionally. Gross margin was higher than the year-ago quarter and marginally lower than the prior quarter, reflecting the stable cost base relative to revenue changes.
Compared with the immediately preceding quarter, gross margin was slightly lower despite higher revenue and gross profit, as cost of revenue was relatively unchanged. Compared with the same quarter one year earlier, gross margin was higher on improved revenue and gross profit.
Monitor whether cost of revenue remains stable as revenue changes in future periods.