Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 35.34% is 20% below its 5-year average of 43.96%, near the low end of its 5-year range (34.14%–57.80%).
As of the fiscal period ended Tuesday, March 31, 2026. 3.90% below its 12-month average of 36.77%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
35.34%
GROSS MARGIN AVG TTM
36.77%
GROSS MARGIN AVG 3Y
39.48%
GROSS MARGIN AVG 5Y
43.96%
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-3.90%
CURRENT VS 3Y AVG
-10.50%
CURRENT VS 5Y AVG
-19.62%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
56.41%
median of 179 covered companies
CURRENT VS SECTOR MEDIAN
-37.36%
vs the sector median at left
Market Cap
$4.96B
Gross Margin
80.70%
TTM Avg
81.61%
3Y Avg
80.57%
5Y Avg
78.59%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dlocal Limited (DLO) | $4.16B | 35.34% | 36.77% | 39.48% | 43.96% |
| AXT, Inc. (AXTI)vs › | $4.14B | 12.73% | 18.36% | 22.80% | 26.25% |
| Wix.com Ltd. (WIX)vs › | $3.89B | 66.64% | 68.00% | 66.31% | 65.83% |
| Itron, Inc. (ITRI)vs › | $4.45B | 39.87% | 36.04% | 33.50% | 31.77% |
| Dave Inc. (DAVE)vs › | $4.50B | 83.29% | 83.97% | 82.16% | 82.59% |
| Box, Inc. (BOX)vs › | $4.52B | 79.56% | 79.15% | 76.93% | 75.00% |
| monday.com Ltd. (MNDY)vs › | $3.70B | 89.05% | 89.27% | 88.66% | 88.01% |
| Ambarella, Inc. (AMBA)vs › | $3.60B | 58.28% | 58.41% | 59.78% | 60.44% |
| Bill.com Holdings, Inc. (BILL)vs › | $4.96B | 80.70% | 81.61% | 80.57% | 78.59% |
| Veeco Instruments Inc. (VECO)vs › | $3.20B | 37.81% | 41.17% | 41.46% | 41.69% |
Gross Margin
35.3%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-03-31 | 35.34% |
| 2025-12-31 | 34.27% |
| 2025-09-30 | 36.53% |
| 2025-06-30 | 38.56% |
| 2025-03-31 | 39.16% |
| 2024-12-31 | 40.94% |
| 2024-09-30 | 42.08% |
| 2024-06-30 | 40.76% |
| 2024-03-31 | 34.14% |
| 2023-12-31 | 37.08% |
| 2023-09-30 | 45.47% |
| 2023-06-30 | 43.91% |
| 2023-03-31 | 45.04% |
| 2022-12-31 | 46.53% |
| 2022-09-30 | 48.16% |
| 2022-06-30 | 49.06% |
| 2022-03-31 | 49.80% |
| 2021-12-31 | 51.07% |
| 2021-09-30 | 50.18% |
| 2021-06-30 | 57.31% |
| 2021-03-31 | 57.80% |
| 2020-12-31 | 59.65% |
| 2020-09-30 | 54.72% |
| 2020-06-30 | 55.81% |
| 2020-03-31 | 61.14% |
