C3.ai (AI) Gross Margin (2020 - 2026)
C3.ai's Gross Margin was 31.83% in fiscal Q1 2027 (quarter ended Jul 31, 2026), down 5.81 percentage points from 37.64% a year earlier but up 9.88 percentage points from the prior quarter.
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Analysis
C3.ai (AI) Gross Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, C3.ai's Gross Margin was 29.09% through Jul 31, 2026, down 27.38 percentage points year-over-year; for FY2026 (ended Apr 30, 2026), it was 30.92%, down 29.70 percentage points from FY2025.
- Gross Margin shows a five-year change of -44.78 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Gross Margin was 60.62% in FY2025 (+3.13 pp), 57.49% in FY2024 (-10.15 pp), 67.64% in FY2023 (-7.15 pp) and 74.79% in FY2022 (-0.91 pp).
- Quarterly Gross Margin has moved between 17.34% (fiscal Q3 2026) and 75.99% (fiscal Q4 2022) over five years.
- Compared with a year earlier, Gross Margin has declined for five straight quarters, with an average year-over-year change of -15.22 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q2 2025 (a gain of 5.17 percentage points); the worst was fiscal Q3 2026 (a drop of 41.73 percentage points).
- Per Business Quant data, AI's Gross Margin in the three fiscal quarters before Q1 2027 was 21.94% (Q4 2026), 17.34% (Q3 2026) and 40.43% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 80.24% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 67.02% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 78.59% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 60.42% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 79.63% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 0.03% |
| 10 | C3.ai | 1.61 Bn | -909.94 Mn | 16.67 Mn | 31.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 31.83% |
| Apr 30, 2026 | 21.94% |
| Jan 31, 2026 | 17.34% |
| Oct 31, 2025 | 40.43% |
| Jul 31, 2025 | 37.64% |
| Apr 30, 2025 | 62.09% |
| Jan 31, 2025 | 59.07% |
| Oct 31, 2024 | 61.31% |
| Jul 31, 2024 | 59.81% |
| Apr 30, 2024 | 59.60% |
| Jan 31, 2024 | 57.76% |
| Oct 31, 2023 | 56.14% |
| Jul 31, 2023 | 56.04% |
| Apr 30, 2023 | 65.60% |
| Jan 31, 2023 | 66.59% |
| Oct 31, 2022 | 66.75% |
| Jul 31, 2022 | 71.82% |
| Apr 30, 2022 | 75.99% |
| Jan 31, 2022 | 75.13% |
| Oct 31, 2021 | 72.59% |
API Access
C3.ai Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();