Parker-Hannifin Corporation stock research
FY2026 Q3
Parker-Hannifin (PH) Gross Margin & Quarterly History
Explore Parker-Hannifin Corporation (PH) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q3
Revenue increased in the current quarter, while cost of revenue also rose, leading to gross profit growth. However, gross margin weakened slightly compared to the immediate prior period but was roughly stable relative to the same quarter a year ago.
- The gross margin decline versus the prior quarter was driven by a proportionally larger increase in cost of revenue relative to revenue. This relationship is the strongest observable margin driver this quarter.
- Compared to the immediately preceding quarter, revenue, gross profit and cost of revenue all increased, while gross margin fell slightly. Relative to the same quarter one year earlier, revenue, gross profit and cost of revenue were all higher, with gross margin remaining broadly similar.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.8%
Gross profit
$2.0B
Revenue
$5.5B
Cost of revenue
$3.5B
Quarter-over-quarter change
-0.6 pts
Year-over-year change
-0.1 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 | $5.2B | $2.0B | $3.3B | 37.3% |
| Sep 30, 2025 | $5.1B | $1.9B | $3.2B | 37.5% |
| Dec 31, 2025 | $5.2B | $1.9B | $3.2B | 37.3% |
| Mar 31, 2026 | $5.5B | $2.0B | $3.5B | 36.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.6 pts
Year-over-year change
Mar 31, 2025
-0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin decline versus the prior quarter was driven by a proportionally larger increase in cost of revenue relative to revenue. This relationship is the strongest observable margin driver this quarter.
Compared to the immediately preceding quarter, revenue, gross profit and cost of revenue all increased, while gross margin fell slightly. Relative to the same quarter one year earlier, revenue, gross profit and cost of revenue were all higher, with gross margin remaining broadly similar.
Monitor the relationship between revenue growth and cost growth, as cost rose faster than revenue compared to the prior quarter.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Parker-Hannifin Corporation (PH) | 36.8% |