Chegg (CHGG) Gross Margin (2013 - 2026)
Chegg (CHGG) posted quarterly Gross Margin of 59.89% for Q1 2026, up 435.0% year-over-year from 11.19% in Q1 2025, and up 4.45% quarter-over-quarter from 57.34% in Q4 2025.
Chegg (CHGG) Gross Margin (2013 - 2026) Analysis & Trends
Chegg's Gross Margin history runs 14 years deep, the most recent figure standing at 59.89% for Q1 2026.
- In Q1 2026, Gross Margin rose 435.0% year-over-year to 59.89%; the TTM figure through Mar 2026 stood at 61.24% (down 539.0% YoY), while the FY2025 annual figure was 59.63%, down 1107.0% from the prior year.
- Gross Margin for Q1 2026 stood at 59.89%, up from 57.34% in the prior quarter.
- The five-year high for Gross Margin was 76.54% in Q2 2022, with the low at 47.06% in Q3 2023.
- The 5-year median for Gross Margin is 72.17% (2024), against an average of 67.5%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 2551 bps in 2023, then jumped 2116 bps in 2024.
- Chegg's Gross Margin stood at 74.94% in 2022, then grew by 1 bps to 75.63% in 2023, then fell by 10 bps to 68.22% in 2024, then dropped by 16 bps to 57.34% in 2025, then increased by 4 bps to 59.89% in 2026.
- Business Quant data shows CHGG's Gross Margin at 59.89% in Q1 2026, 57.34% in Q4 2025, and 59.22% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 83.03 Bn | 81.37 Bn | 812.22 Mn | 53.10% |
| 2 | Laureate Education | 5.18 Bn | 5.02 Bn | 237.67 Mn | 38.59% |
| 3 | Graham Holdings | 5.08 Bn | 3.87 Bn | 777.03 Mn | 59.66% |
| 4 | Covista | 4.49 Bn | 4.49 Bn | 284.63 Mn | 56.77% |
| 5 | Youdao | 4.31 Bn | 4.24 Bn | 87.31 Mn | 44.68% |
| 6 | Grand Canyon Education | 3.78 Bn | 3.51 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.46 Bn | 2.50 Bn | 217.28 Mn | 34.16% |
| 8 | McGraw Hill | 2.51 Bn | 2.31 Bn | 439.20 Mn | 79.87% |
| 9 | TAL Education | 2.15 Bn | -1,233.58 Bn | 227.32 Mn | 52.92% |
| 10 | Chegg | 87.62 Mn | 15.31 Mn | 28.28 Mn | 54.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 54.55% |
| Mar 31, 2026 | 59.89% |
| Dec 31, 2025 | 57.34% |
| Sep 30, 2025 | 59.22% |
| Jun 30, 2025 | 66.25% |
| Mar 31, 2025 | 55.54% |
| Dec 31, 2024 | 68.22% |
| Sep 30, 2024 | 68.21% |
| Jun 30, 2024 | 72.17% |
| Mar 31, 2024 | 73.33% |
| Dec 31, 2023 | 75.63% |
| Sep 30, 2023 | 47.06% |
| Jun 30, 2023 | 74.07% |
| Mar 31, 2023 | 73.80% |
| Dec 31, 2022 | 74.94% |
| Sep 30, 2022 | 72.56% |
| Jun 30, 2022 | 76.54% |
| Mar 31, 2022 | 72.76% |
| Dec 31, 2021 | 73.15% |
| Sep 30, 2021 | 60.97% |