Clearwater Analytics Holdings (CWAN) Net Margin (2020 - 2026)
Clearwater Analytics Holdings posted quarterly Net Margin of 1.26% for Q1 2026, down 673.0% year-on-year from 0.22% in Q1 2025, and up 78.06% on a QoQ basis from 5.76% in Q4 2025.
Clearwater Analytics Holdings (CWAN) has 7 years of Net Margin data on file, last reported at 1.26% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 673.0% year-over-year to 1.26%; the trailing twelve-month figure through Mar 2026 stood at 6.05% (down 9688.0% YoY), and the FY2025 full-year result was 5.5%, down 10014.0% from the prior year.
- Net Margin for Q1 2026 stood at 1.26%, up from 5.76% in the prior quarter.
- Across five years, Net Margin topped out at 332.35% in Q4 2024 and bottomed at 13.27% in Q2 2025.
- The 5-year median for Net Margin is 2.48% (2023), against an average of 16.75%.
- The widest annual swing landed in 2024, when Net Margin surged 33583 bps; it then slumped 33811 bps in 2025.
- A 5-year view of Net Margin shows it stood at 2.38% in 2022, then tumbled by 46 bps to 3.48% in 2023, then surged by 9647 bps to 332.35% in 2024, then sank by 102 bps to 5.76% in 2025, then soared by 78 bps to 1.26% in 2026.
- The last three Net Margin figures came in at 1.26% (Q1 2026), 5.76% (Q4 2025), and 5.13% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 20.22% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 17.47% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -18.33% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.44% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 22.77% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 29.52% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 22.90% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 35.80% |
| 10 | Clearwater Analytics Holdings | 7.17 Bn | 7.10 Bn | 145.55 Mn | -1.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.26% |
| Dec 31, 2025 | -5.76% |
| Sep 30, 2025 | -5.13% |
| Jun 30, 2025 | -13.27% |
| Mar 31, 2025 | 5.47% |
| Dec 31, 2024 | 332.35% |
| Sep 30, 2024 | 4.12% |
| Jun 30, 2024 | 0.26% |
| Mar 31, 2024 | 2.18% |
| Dec 31, 2023 | -3.48% |
| Sep 30, 2023 | -2.48% |
| Jun 30, 2023 | -13.21% |
| Mar 31, 2023 | -6.40% |
| Dec 31, 2022 | -2.38% |
| Sep 30, 2022 | -3.95% |
| Jun 30, 2022 | -3.04% |
| Mar 31, 2022 | 0.75% |
| Dec 31, 2021 | 0.19% |
| Sep 30, 2021 | -17.72% |
| Jun 30, 2021 | -0.35% |
| Mar 31, 2021 | 6.00% |
| Dec 31, 2020 | -132.99% |
| Sep 30, 2020 | 21.55% |