Genuine Parts Company stock research
FY2026 Q1
Genuine Parts (GPC) Gross Margin — Quarter Ended Mar 31, 2026
In the current quarter, revenue increased while cost of revenue remained stable relative to the prior quarter, resulting in a higher gross profit and an improved gross margin. Compared to the same quarter last year, revenue and gross profit were higher, with a slightly higher gross margin as cost of revenue grew at a slower pace than revenue.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
In the current quarter, revenue increased while cost of revenue remained stable relative to the prior quarter, resulting in a higher gross profit and an improved gross margin. Compared to the same quarter last year, revenue and gross profit were higher, with a slightly higher gross margin as cost of revenue grew at a slower pace than revenue.
- The strongest observable margin driver was revenue growth outpacing cost of revenue growth sequentially, as cost of revenue was flat while revenue rose. This pattern directly supported the gross margin improvement.
- Compared with the immediate preceding quarter, revenue, gross profit, and gross margin were all higher, while cost of revenue was unchanged. Versus the same quarter one year ago, revenue and gross profit were higher, cost of revenue was higher, and gross margin was slightly higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.3%
Gross profit
$2.3B
Revenue
$6.3B
Cost of revenue
$3.9B
Quarter-over-quarter change
+2.4 pts
Year-over-year change
+0.3 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 |
|---|---|---|---|---|
| Jun 30, 2025 | $6.2B | $2.3B | $3.8B | 37.7% |
| Sep 30, 2025 | $6.3B | $2.3B | $3.9B | 37.4% |
| Dec 31, 2025 | $6.0B | $2.1B | $3.9B | 35.0% |
| Mar 31, 2026 | $6.3B | $2.3B | $3.9B | 37.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+2.4 pts
Year-over-year change
Mar 31, 2025
+0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was revenue growth outpacing cost of revenue growth sequentially, as cost of revenue was flat while revenue rose. This pattern directly supported the gross margin improvement.
Compared with the immediate preceding quarter, revenue, gross profit, and gross margin were all higher, while cost of revenue was unchanged. Versus the same quarter one year ago, revenue and gross profit were higher, cost of revenue was higher, and gross margin was slightly higher.
Monitor whether cost of revenue remains stable or increases in absolute terms, as any acceleration could pressure gross margin.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Genuine Parts Company (GPC) | 37.3% |