Braze (BRZE) Gross Margin (2020 - 2026)
Braze recorded quarterly Gross Margin of 65.48% in Q1 2026, down 2.53% quarter-over-quarter from 67.18% in Q4 2025, and down 377.0% year-over-year from 23.64% in Q1 2025.
Braze's Gross Margin history runs 7 years deep, the most recent figure standing at 65.48% for Q1 2026.
- In Q1 2026, Gross Margin fell 377.0% year-over-year to 65.48%; the TTM figure through Jan 2026 stood at 67.15% (down 198.0% YoY), while the FY2026 annual figure was 67.15%, down 198.0% from the prior year.
- Gross Margin came in at 65.48% for Q1 2026 at Braze, down from 67.18% 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 67.92% and a median of 67.88% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 209 bps in 2025 and tumbled 377 bps in 2026, its largest moves.
- Braze's Gross Margin stood at 68.71% in 2022, then grew by 3 bps to 70.66% in 2023, then fell by 1 bps to 69.81% in 2024, then fell by 4 bps to 67.18% in 2025, then slipped by 3 bps to 65.48% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 65.48%, 67.18%, and 67.67% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Braze | 2.63 Bn | 2.50 Bn | 134.35 Mn | 65.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | 66.98% |
| Jan 31, 2021 | 64.41% |
| Oct 31, 2020 | 63.31% |