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Gross Profit Over Time
Profitability in line with historical norms
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Revenue minus cost of goods sold

Latest
$19.13B
Near historical average
Average (9y)
$19.15B
Historical baseline
Range
High:$21.61B
Low:$17.79B
CAGR
+0.7%
Modest growth trend
PeriodValueChange
2025$19.13B-1.5%
2024$19.42B+5.5%
2023$18.41B+0.6%
2022$18.31B+2.9%
2021$17.79B-8.0%
2020$19.33B-1.9%
2019$19.70B-8.8%
2018$21.61B+8.6%
2017$19.90B+11.2%
2016$17.90B-