Boqii Holding (BQ) Gross Margin (2019 - 2023)

Boqii Holding (BQ) has reported Gross Margin for 5 consecutive years, with 21.8% the latest figure, recorded in Q1 2023.

• On a quarterly basis, Gross Margin rose 30.0% year-over-year to 21.8% in Q1 2023; TTM through Mar 2023 was 21.41%, a 94.0% increase from a year earlier, with the FY2026 full-year figure at 26.27%, up 480.0% from the prior year.
• Gross Margin was 21.8% for Q1 2023 at Boqii Holding, up from 19.4% in the prior quarter.
• Over five years, Gross Margin peaked at 23.19% in Q3 2019 and troughed at 17.52% in Q2 2021.
• A 5-year average of 20.09% and a median of 19.67% in 2020 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin slumped 459 bps in 2020 and jumped 519 bps in 2021, its largest moves.
• Over 5 years, Gross Margin stood at 18.57% in 2019, then declined by 3 bps to 17.94% in 2020, then gained by 29 bps to 23.13% in 2021, then retreated by 16 bps to 19.4% in 2022, then increased by 12 bps to 21.8% in 2023.
• The last three Gross Margin figures came in at 21.8% (Q1 2023), 19.4% (Q3 2022), and 22.42% (Q2 2022), per Business Quant data.