Chegg (CHGG) Gross Margin (2016 - 2026)
Quarterly Gross Margin rose 435.0% to 59.89% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 61.24% through Mar 2026, down 539.0% year-over-year, with the annual reading at 59.63% for FY2025, 1107.0% down from the prior year.
Chegg's Gross Margin history spans 14 years, with the latest figure at 59.89% for Q1 2026.
- Gross Margin came in at 59.89% for Q1 2026, up from 57.34% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 76.54% in Q2 2022 to a low of 47.06% in Q3 2023.
- The 5-year median for Gross Margin is 72.17% (2024), against an average of 67.5%.
- Year-over-year, Gross Margin plummeted -2551bps in 2023 and then skyrocketed 2116bps in 2024.
- Chegg's Gross Margin stood at 74.94% in 2022, then grew by 1bps to 75.63% in 2023, then fell by -10bps to 68.22% in 2024, then dropped by -16bps to 57.34% in 2025, then increased by 4bps to 59.89% in 2026.
- Per Business Quant, the three most recent readings for CHGG's Gross Margin are 59.89% (Q1 2026), 57.34% (Q4 2025), and 59.22% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | 72.43% |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 68.04% |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | -6.01% |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 79.28% |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 36.76% |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 78.77% |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 46.96% |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | - |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 83.40% |
| 10 | Chegg | 159.77 Mn | 93.85 Mn | 37.89 Mn | 59.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 69.41% |
| Mar 31, 2021 | 64.02% |
| Dec 31, 2020 | 72.23% |
| Sep 30, 2020 | 59.50% |
| Jun 30, 2020 | 71.55% |
| Mar 31, 2020 | 67.79% |
| Dec 31, 2019 | 79.15% |
| Sep 30, 2019 | 76.46% |
| Jun 30, 2019 | 78.14% |
| Mar 31, 2019 | 76.04% |
| Dec 31, 2018 | 76.93% |
| Sep 30, 2018 | 73.17% |
| Jun 30, 2018 | 76.04% |
| Mar 31, 2018 | 73.72% |
| Dec 31, 2017 | 73.63% |
| Sep 30, 2017 | 64.31% |
| Jun 30, 2017 | 69.74% |
| Mar 31, 2017 | 65.82% |
| Dec 31, 2016 | 67.38% |
| Sep 30, 2016 | 45.76% |
| Jun 30, 2016 | 59.64% |