Ballard Power Systems (BLDP) Gross Margin (2009 - 2026)

Ballard Power Systems (BLDP) has reported Gross Margin for 18 consecutive years, with 19.81% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Gross Margin rose 2819.0% year-over-year to 19.81% in Q2 2026; TTM through Jun 2026 was 16.4%, a 3035.0% increase from a year earlier, with the FY2025 full-year figure at 5.5%, up 3702.0% from the prior year.
• Gross Margin was 19.81% for Q2 2026 at Ballard Power Systems, up from 14.23% in the prior quarter.
• Over five years, Gross Margin peaked at 22.49% in Q3 2022 and troughed at 55.68% in Q3 2024.
• A 5-year average of 6.13% and a median of 4.68% in 2022 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin plunged 349032 bps in 2022 and surged 7095 bps in 2025, its largest moves.
• Over 5 years, Gross Margin stood at 33.08% in 2022, then jumped by 166 bps to 21.82% in 2023, then tumbled by 40 bps to 13.05% in 2024, then gained by 28 bps to 16.66% in 2025, then grew by 19 bps to 19.81% in 2026.
• The last three Gross Margin figures came in at 19.81% (Q2 2026), 14.23% (Q1 2026), and 16.66% (Q4 2025), per Business Quant data.