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IAC (IAC) Gross Profit : $3,023 Mil (TTM As of Dec. 2023)


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What is IAC Gross Profit?

IAC's gross profit for the three months ended in Dec. 2023 was $753 Mil. IAC's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $3,023 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. IAC's gross profit for the three months ended in Dec. 2023 was $753 Mil. IAC's Revenue for the three months ended in Dec. 2023 was $1,058 Mil. Therefore, IAC's Gross Margin % for the quarter that ended in Dec. 2023 was 71.18%.

IAC had a gross margin of 71.18% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 7 years, the highest Gross Margin % of IAC was 80.32%. The lowest was 63.06%. And the median was 73.04%.

Warning Sign:

IAC Inc gross margin has been in long-term decline. The average rate of decline per year is -4.2%.


IAC Gross Profit Historical Data

The historical data trend for IAC's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IAC Gross Profit Chart

IAC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 1,962.32 2,019.17 2,403.35 3,301.58 3,021.98

IAC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 808.10 742.19 758.51 768.99 753.14

Competitive Comparison of IAC's Gross Profit

For the Internet Content & Information subindustry, IAC's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IAC's Gross Profit Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IAC's Gross Profit distribution charts can be found below:

* The bar in red indicates where IAC's Gross Profit falls into.



IAC Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

IAC's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=4365.235 - 1343.254
=3,022

IAC's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=1058.034 - 304.894
=753

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,023 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

IAC's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=753 / 1058.034
=71.18 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


IAC  (NAS:IAC) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

IAC had a gross margin of 71.18% for the quarter that ended in Dec. 2023 => Durable competitive advantage


IAC Gross Profit Related Terms

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IAC (IAC) Business Description

Traded in Other Exchanges
Address
555 West 18th Street, New York, NY, USA, 10011
IAC is an internet media company with segments that include Angi (47% of total revenue), Dotdash (10%), search (24%), and emerging and other (19%). The firm spun off the narrow-moat dating app provider Match Group in second-quarter 2020 and the no-moat video software provider Vimeo in second-quarter 2021.
Executives
Erik Bradbury officer: SVP AND CONTROLLER (CAO) 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Kendall Handler officer: EVP & CLO IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Michael D Eisner director C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1010
Westley Moore director 325 WEST HURON STREET, SUITE 412, CHICAGO IL 60654
Christopher Halpin officer: EVP & CFO IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Michael H Schwerdtman officer: SVP and Controller (CAO) C/O IAC/INTERACTIVECORP, 152 WEST 57TH STREET, 42ND FLOOR, NEW YORK NY 10019
David S Rosenblatt director C/O DOUBLECLICK INC.,, 111 EIGHTH AVENUE, NEW YORK NY 10011
Bryan Lourd director C/O CAA, 9830 WILSHIRE BLVD, BEVERLY HILLS CA 90212
Glenn Schiffman director, officer: EVP & CFO 555 WEST 18TH STREET, NEW YORK NY 10011
Gregg Winiarski director, officer: EVP and GC IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Mark J Stein officer: EVP & CSO ONE BRIDGE STREET, SUITE 42, IRVINGTON NY 10069
Bonnie S Hammer director 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Joseph Levin officer: CEO C/O IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Richard F Zannino director C/O IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Alan G Spoon director 1150 15TH ST NW, WASHINGTON DC 20071