Braze (BRZE) Gross Margin (2020 - 2026)
Braze (BRZE) reported Gross Margin of 65.72% for Q2 2026, down 290.0% on a YoY basis from 34.59% in Q2 2025, and little changed sequentially from 65.48% in Q1 2026.
Braze (BRZE) Gross Margin (2020 - 2026) Analysis & Trends
Braze (BRZE) has 7 years of Gross Margin data on file, last reported at 65.72% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 290.0% year-over-year to 65.72%; the trailing twelve-month figure through Apr 2026 stood at 66.46% (down 298.0% YoY), and the FY2026 full-year result was 67.15%, down 198.0% from the prior year.
- Gross Margin was little changed at 65.72% in Q2 2026, from 65.48% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 70.66% in Q4 2023 to a low of 64.83% in Q1 2022.
- A 5-year average of 67.8% and a median of 67.78% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 209 bps in 2025 and slumped 377 bps in 2026, its largest moves.
- Tracing BRZE's Gross Margin over 5 years: stood at 68.71% in 2022, then advanced by 3 bps to 70.66% in 2023, then dropped by 1 bps to 69.81% in 2024, then dropped by 4 bps to 67.18% in 2025, then fell by 2 bps to 65.72% in 2026.
- Business Quant data shows BRZE's Gross Margin at 65.72% in Q2 2026, 65.48% in Q1 2026, and 67.18% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Braze | 2.35 Bn | 2.21 Bn | 138.66 Mn | 65.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 65.72% |
| Jan 31, 2026 | 65.48% |
| Oct 31, 2025 | 67.18% |
| Jul 31, 2025 | 67.67% |
| Apr 30, 2025 | 68.62% |
| Jan 31, 2025 | 69.26% |
| Oct 31, 2024 | 69.81% |
| Jul 31, 2024 | 70.16% |
| Apr 30, 2024 | 67.11% |
| Jan 31, 2024 | 67.17% |
| Oct 31, 2023 | 70.66% |
| Jul 31, 2023 | 69.18% |
| Apr 30, 2023 | 67.88% |
| Jan 31, 2023 | 66.13% |
| Oct 31, 2022 | 68.71% |
| Jul 31, 2022 | 68.24% |
| Apr 30, 2022 | 66.57% |
| Jan 31, 2022 | 64.83% |
| Oct 31, 2021 | 70.03% |
| Jul 31, 2021 | 66.36% |