JABIL INC stock research
FY2026 Q3
JABIL (JBL) Gross Margin — Quarter Ended May 31, 2026
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Cost of revenue also rose in both comparisons, while gross margin improved sequentially and year-over-year.
Gross margin takeaway
Quarter ended May 31, 2026 · FY2026 Q3
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Cost of revenue also rose in both comparisons, while gross margin improved sequentially and year-over-year.
- Gross margin improved sequentially and year-over-year, driven by gross profit growing faster than revenue relative to cost of revenue. The strongest observable driver is the widening spread between revenue growth and cost of revenue growth.
- 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, all metrics were higher, and gross margin strengthened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
9.5%
Gross profit
$828.0M
Revenue
$8.8B
Cost of revenue
$7.9B
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+0.8 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 |
|---|---|---|---|---|
| Aug 31, 2025 | $8.3B | $783.0M | $7.5B | 9.5% |
| Nov 30, 2025 | $8.3B | $742.0M | $7.6B | 8.9% |
| Feb 28, 2026 | $8.3B | $746.0M | $7.5B | 9.0% |
| May 31, 2026 | $8.8B | $828.0M | $7.9B | 9.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Feb 28, 2026
+0.5 pts
Year-over-year change
May 31, 2025
+0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin improved sequentially and year-over-year, driven by gross profit growing faster than revenue relative to cost of revenue. The strongest observable driver is the widening spread between revenue growth and cost of revenue growth.
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, all metrics were higher, and gross margin strengthened.
Monitor the trend in cost of revenue relative to revenue, as its growth rate influences gross margin sustainability.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| JABIL INC (JBL) | 9.5% |