Commerce.com (CMRC) Gross Margin (2019 - 2026)
Commerce.com's Gross Margin was 75.17% in Q2 2026, down 3.82 percentage points from 78.99% a year earlier and down 1.58 percentage points from the prior quarter.
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Analysis
Commerce.com (CMRC) Gross Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Commerce.com's Gross Margin was 77.17% through Jun 30, 2026, down 0.89 percentage points year-over-year; for FY2025, it was 78.75%, up 2.05 percentage points from FY2024.
- Gross Margin has now increased for three consecutive years, with a five-year change of +1.15 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 76.69% in FY2024 (+0.68 pp), 76.02% in FY2023 (+1.09 pp), 74.92% in FY2022 (-3.03 pp) and 77.95% in FY2021 (+0.35 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q2 2023.
- Compared with a year earlier, Gross Margin was higher in six of the last eight quarters, with an average year-over-year change of +0.34 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q2 2025 (a gain of 3.20 percentage points); the worst was Q1 2022 (a drop of 6.07 percentage points).
- Per Business Quant data, CMRC's Gross Margin in the three quarters before Q2 2026 was 76.75% (Q1 2026), 78.29% (Q4 2025) and 78.39% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 57.06% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 88.26% |
| 10 | Commerce.com | 262.66 Mn | -331.92 Mn | 63.53 Mn | 75.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 75.17% |
| Mar 31, 2026 | 76.75% |
| Dec 31, 2025 | 78.29% |
| Sep 30, 2025 | 78.39% |
| Jun 30, 2025 | 78.99% |
| Mar 31, 2025 | 79.38% |
| Dec 31, 2024 | 77.62% |
| Sep 30, 2024 | 76.27% |
| Jun 30, 2024 | 75.79% |
| Mar 31, 2024 | 77.05% |
| Dec 31, 2023 | 77.49% |
| Sep 30, 2023 | 75.59% |
| Jun 30, 2023 | 75.14% |
| Mar 31, 2023 | 75.69% |
| Dec 31, 2022 | 74.47% |
| Sep 30, 2022 | 75.79% |
| Jun 30, 2022 | 75.28% |
| Mar 31, 2022 | 74.11% |
| Dec 31, 2021 | 74.36% |
| Sep 30, 2021 | 79.08% |
API Access
Commerce.com Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CMRC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CMRC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CMRC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();