Braze (BRZE) Gross Margin (2020 - 2026)
Braze (BRZE) posted Gross Margin of 65.72% for Q2 2026, little changed sequentially from 65.48% in Q1 2026, and down 290.0% YoY from 34.59% in Q2 2025.
Braze (BRZE) Gross Margin (2020 - 2026) Analysis & Trends
Braze has reported Gross Margin for 7 years, with the latest figure at 65.72% in Q2 2026.
- Quarterly Gross Margin fell 290.0% year-over-year to 65.72% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 66.46% (down 298.0% YoY) and the FY2026 annual result came in at 67.15%, down 198.0% from the prior year.
- Gross Margin was little changed at 65.72% in Q2 2026 per BRZE's latest filing, from 65.48% in the prior quarter.
- Over five years, Gross Margin peaked at 70.66% in Q4 2023 and troughed at 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.
- The sharpest annual moves came in 2025 and 2026: Gross Margin soared 209 bps in 2025, then plunged 377 bps in 2026.
- Over 5 years, Gross Margin stood at 68.71% in 2022, then increased by 3 bps to 70.66% in 2023, then retreated by 1 bps to 69.81% in 2024, then retreated by 4 bps to 67.18% in 2025, then slipped by 2 bps to 65.72% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 65.72%, 65.48%, and 67.18% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Braze | 3.26 Bn | 3.11 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% |