Bakkt (BKKT) Gross Margin (2022 - 2026)
Bakkt (BKKT) reported Gross Margin of 1.30% for Q2 2026, down 1.61 percentage points from 2.91% a year earlier and down 0.19 percentage points from the prior quarter.
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Analysis
Bakkt (BKKT) Gross Margin (2022 - 2026) Analysis & Trends
For FY2025, Bakkt posted Gross Margin of 1.15%, up 0.05 percentage points from FY2024.
- Gross Margin has a three-year change of -95.90 percentage points (FY2022 to FY2025).
- By year, Gross Margin came in at 1.10% in FY2024 (-0.07 pp), 1.17% in FY2023 (-95.89 pp) and 97.05% in FY2022.
- Five-year quarterly Gross Margin spans a low of -22.03% in Q4 2023 and a high of 98.08% in Q4 2022.
- Year over year, Gross Margin gained in two of the last eight quarters, with an average year-over-year change of +1.69 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2024 (a gain of 20.97 percentage points); the low point was Q4 2023 (a drop of 120.11 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 1.49% (Q1 2026), 1.11% (Q4 2025) and 1.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.78 Bn | 9.01 Bn | - | - |
| 2 | Coinbase Global | 47.37 Bn | 4.17 Bn | - | - |
| 3 | Block | 47.20 Bn | 18.50 Bn | 3.17 Bn | 47.84% |
| 4 | Corpay | 26.86 Bn | 16.74 Bn | - | - |
| 5 | Fiserv | 25.73 Bn | 22.41 Bn | 2.90 Bn | 54.74% |
| 6 | Global Payments | 22.63 Bn | 415.31 Mn | 2.03 Bn | 61.04% |
| 7 | Guidewire Software | 15.37 Bn | 11.94 Bn | 269.68 Mn | 65.60% |
| 8 | Bitmine Immersion Technologies | 13.47 Bn | 10.85 Bn | 40.81 Mn | 87.70% |
| 9 | Chime Financial | 11.68 Bn | 7.47 Bn | 594.87 Mn | 88.82% |
| 10 | Bakkt | 236.38 Mn | 15.25 Mn | 2.21 Mn | 1.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.30% |
| Mar 31, 2026 | 1.49% |
| Dec 31, 2025 | 1.11% |
| Sep 30, 2025 | 1.34% |
| Jun 30, 2025 | 2.91% |
| Mar 31, 2025 | 1.89% |
| Dec 31, 2024 | -1.06% |
| Sep 30, 2024 | 4.74% |
| Jun 30, 2024 | 3.57% |
| Mar 31, 2024 | 2.65% |
| Dec 31, 2023 | -22.03% |
| Sep 30, 2023 | 7.49% |
| Jun 30, 2023 | 4.55% |
| Mar 31, 2023 | 97.25% |
| Sep 30, 2022 | 97.33% |
| Jun 30, 2022 | 96.70% |
API Access
Bakkt 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=BKKT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BKKT", "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=BKKT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();