Viatris Inc. stock research
FY2025 Q2
Viatris (VTRS) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit both increased from the prior quarter, while cost of revenue also rose. Gross margin improved, indicating that a larger share of revenue was retained as gross profit.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit both increased from the prior quarter, while cost of revenue also rose. Gross margin improved, indicating that a larger share of revenue was retained as gross profit.
- The strongest observable margin driver is the sequential improvement in gross margin, which was accompanied by revenue increasing more than cost of revenue.
- Compared to the prior quarter, gross margin improved; compared to the same quarter one year ago, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.3%
Gross profit
$1.3B
Revenue
$3.6B
Cost of revenue
$2.2B
Quarter-over-quarter change
+1.5 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 |
|---|---|---|---|---|
| Sep 30, 2024 | $3.7B | $1.5B | $2.3B | 39.0% |
| Dec 31, 2024 | $3.5B | $1.2B | $2.3B | 34.6% |
| Mar 31, 2025 | $3.2B | $1.2B | $2.1B | 35.8% |
| Jun 30, 2025 | $3.6B | $1.3B | $2.2B | 37.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+1.5 pts
Year-over-year change
Jun 30, 2024
-0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the sequential improvement in gross margin, which was accompanied by revenue increasing more than cost of revenue.
Compared to the prior quarter, gross margin improved; compared to the same quarter one year ago, gross margin weakened.
Monitor whether gross margin can sustain its sequential improvement and approach the year-ago level.