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Gross Profit Over Time
Trending higher, structural decline.
Left:
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Revenue minus cost of goods sold

Latest
$8.50B
Near historical average
Average (9y)
$8.41B
Historical baseline
Range
High:$25.40B
Low:$-29.92B
CAGR
-11.4%
Structural decline
PeriodValueChange
2024$8.50B+20.5%
2023$7.05B+123.6%
2022$-29.92B-163.5%
2021$-11.36B-84.3%
2020$-6.16B-126.9%
2019$22.94B+6.0%
2018$21.64B+4.3%
2017$20.75B-18.3%
2016$25.40B+0.7%
2015$25.22B-