Cerence (CRNC) Gross Margin (2018 - 2026)
Cerence posted quarterly Gross Margin of 73.68% for Q1 2026, down 347.0% year-on-year from 29.83% in Q1 2025, and down 14.66% on a QoQ basis from 86.33% in Q4 2025.
Cerence (CRNC) has 9 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 86.33% in Q4 2025 and bottomed at 58.06% in Q3 2022.
- The 5-year median for Gross Margin is 71.5% (2024), against an average of 70.95%.
- The widest annual swing landed in 2022, when Gross Margin plunged 1734 bps; it then soared 2135 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 68.7% in 2022, then rose by 18 bps to 80.96% in 2023, then retreated by 20 bps to 64.98% in 2024, then jumped by 33 bps to 86.33% in 2025, then declined 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Cerence | 494.35 Mn | 386.09 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% |
| Mar 31, 2021 | 73.42% |
| Dec 31, 2020 | 71.29% |
| Sep 30, 2020 | 71.85% |
| Jun 30, 2020 | 63.29% |
| Mar 31, 2020 | 66.91% |
| Dec 31, 2019 | 66.63% |
| Sep 30, 2019 | 67.43% |
| Jun 30, 2019 | 69.48% |
| Mar 31, 2019 | 65.23% |
| Dec 31, 2018 | 66.60% |