Braze (BRZE) Gross Margin (2020 - 2026)
Braze's (BRZE) quarterly Gross Margin came in at 65.72% in Q2 2026, down 290.0% year-on-year from 34.59% in Q2 2025, and little changed quarter-over-quarter from 65.48% in Q1 2026.
Braze (BRZE) Gross Margin (2020 - 2026) Analysis & Trends
Braze has disclosed Gross Margin across 7 years of filings, most recently posting 65.72% for Q2 2026.
- Gross Margin for Q2 2026 came in at 65.72%, down 290.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 66.46% (down 298.0% YoY), and the FY2026 annual result was 67.15%, down 198.0% from the prior year.
- Gross Margin came in at 65.72% for Q2 2026 at Braze, roughly flat 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.
- The 5-year median for Gross Margin is 67.78% (2023), against an average of 67.8%.
- Across the five-year window, Gross Margin jumped 209 bps in 2025 and plunged 377 bps in 2026, its largest moves.
- Braze's Gross Margin stood at 68.71% in 2022, then climbed by 3 bps to 70.66% in 2023, then declined by 1 bps to 69.81% in 2024, then declined by 4 bps to 67.18% in 2025, then retreated by 2 bps to 65.72% in 2026.
- The last three Gross Margin figures came in at 65.72% (Q2 2026), 65.48% (Q1 2026), and 67.18% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Braze | 2.34 Bn | 2.20 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% |