Fifth Third Bancorp Gross Margin 2010-2024 | FITB
- Fifth Third Bancorp average gross margin for 2023 was 76.49%, a 17.94% decline from 2022.
- Fifth Third Bancorp average gross margin for 2022 was 93.21%, a 0.6% decline from 2021.
- Fifth Third Bancorp average gross margin for 2021 was 93.77%, a 6.71% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.