Cerence (CRNC) Gross Margin (2018 - 2026)
Cerence (CRNC) posted Gross Margin of 73.68% for Q1 2026, down 14.66% on a QoQ basis from 86.33% in Q4 2025, and down 347.0% year-over-year from 29.83% in Q1 2025.
Cerence (CRNC) Gross Margin (2018 - 2026) Analysis & Trends
Cerence's Gross Margin history runs 9 years deep, the most recent figure standing at 73.68% for Q1 2026.
- Quarterly Gross Margin fell 347.0% year-over-year to 73.68% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 78.28% (up 805.0% YoY) and the FY2025 annual result came in at 72.74%, down 95.0% from the prior year.
- Gross Margin was 73.68% for Q1 2026 at Cerence, down from 86.33% in the prior quarter.
- Across five years, Gross Margin topped out at 86.33% in Q4 2025 and bottomed at 58.06% in Q3 2022.
- A 5-year average of 70.95% and a median of 71.5% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 1734 bps — and 2025, when it soared 2135 bps.
- Cerence's Gross Margin stood at 68.7% in 2022, then gained by 18 bps to 80.96% in 2023, then decreased by 20 bps to 64.98% in 2024, then surged by 33 bps to 86.33% in 2025, then fell by 15 bps to 73.68% in 2026.
- Business Quant data shows CRNC's Gross Margin at 73.68% in Q1 2026, 86.33% in Q4 2025, and 72.55% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn | 48.77% |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn | 76.92% |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn | 45.03% |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn | 48.28% |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn | 89.20% |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn | 66.61% |
| 10 | Cerence | 377.90 Mn | 269.64 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% |