Cerence (CRNC) Gross Margin (2018 - 2026)
Cerence (CRNC) reported Gross Margin of 73.68% for Q1 2026, down 347.0% on a YoY basis from 29.83% in Q1 2025, and down 14.66% quarter-over-quarter from 86.33% in Q4 2025.
Cerence (CRNC) Gross Margin (2018 - 2026) Analysis & Trends
Cerence has reported Gross Margin for 9 years, with the latest figure at 73.68% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 347.0% year-over-year to 73.68%; the trailing twelve-month figure through Mar 2026 stood at 78.28% (up 805.0% YoY), and the FY2025 full-year result was 72.74%, down 95.0% from the prior year.
- Gross Margin for Q1 2026 stood at 73.68%, down from 86.33% in the prior quarter.
- The five-year high for Gross Margin was 86.33% in Q4 2025, with the low at 58.06% in Q3 2022.
- Historically, Gross Margin has averaged 70.95% across 5 years, with a median of 71.5% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 1734 bps — and 2025, when it soared 2135 bps.
- Cerence's Gross Margin stood at 68.7% in 2022, then increased by 18 bps to 80.96% in 2023, then fell by 20 bps to 64.98% in 2024, then soared by 33 bps to 86.33% in 2025, then dropped by 15 bps to 73.68% in 2026.
- The last three Gross Margin figures came in at 73.68% (Q1 2026), 86.33% (Q4 2025), and 72.55% (Q3 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 | Cerence | 461.49 Mn | 353.23 Mn | 47.30 Mn | 73.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 73.68% |
| Dec 31, 2025 | 86.33% |
| Sep 30, 2025 | 72.55% |
| Jun 30, 2025 | 73.73% |
| Mar 31, 2025 | 77.15% |
| Dec 31, 2024 | 64.98% |
| Sep 30, 2024 | 63.67% |
| Jun 30, 2024 | 71.50% |
| Mar 31, 2024 | 69.21% |
| Dec 31, 2023 | 80.96% |
| Sep 30, 2023 | 71.49% |
| Jun 30, 2023 | 66.04% |
| Mar 31, 2023 | 63.43% |
| Dec 31, 2022 | 68.70% |
| Sep 30, 2022 | 58.06% |
| Jun 30, 2022 | 72.76% |
| Mar 31, 2022 | 71.83% |
| Dec 31, 2021 | 74.34% |
| Sep 30, 2021 | 75.40% |
| Jun 30, 2021 | 75.38% |