Callaway Golf (CALY) Gross Margin (2010 - 2026)

Callaway Golf's Gross Margin history runs 17 years deep, the most recent figure standing at 47.52% for Q1 2026.

• In Q1 2026, Gross Margin rose 248.0% year-over-year to 47.52%; the TTM figure through Mar 2026 stood at 44.16% (up 1619.0% YoY), while the FY2025 annual figure was 42.11%, down 58.0% from the prior year.
• Gross Margin was 47.52% for Q1 2026 at Callaway Golf, up from 40.11% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 184.8% in Q4 2023 to a low of 180.51% in Q4 2024.
• Historically, Gross Margin has averaged 66.32% across 5 years, with a median of 88.75% in 2024.
• The sharpest annual moves came in 2024 and 2025: Gross Margin slumped 36530 bps in 2024, then surged 14040 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 139.56% in 2022, then soared by 32 bps to 184.8% in 2023, then slumped by 198 bps to 180.51% in 2024, then surged by 78 bps to 40.11% in 2025, then surged by 218 bps to 47.52% in 2026.
• The last three Gross Margin figures came in at 47.52% (Q1 2026), 40.11% (Q4 2025), and 58.26% (Q3 2025), per Business Quant data.