Dave (DAVE) Gross Margin (2021 - 2026)

Dave (DAVE) posted Gross Margin of 93.97% for Q1 2026, little changed sequentially from 94.06% in Q4 2025, and up 44.0% YoY from 65.25% in Q1 2025.

Dave (DAVE) Gross Margin (2021 - 2026) Analysis & Trends

Dave has reported Gross Margin for 6 years, with the latest figure at 93.97% in Q1 2026.

Quarterly Gross Margin rose 44.0% year-over-year to 93.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 93.92% (up 281.0% YoY) and the FY2025 annual result came in at 93.96%, up 242.0% from the prior year.
Gross Margin steadied at 93.97% in Q1 2026 per DAVE's latest filing, from 94.06% in the prior quarter.
Over five years, Gross Margin peaked at 95.29% in Q2 2025 and troughed at 61.92% in Q2 2022.
A 5-year average of 84.27% and a median of 89.27% in 2023 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 3466 bps in 2022, then surged 2343 bps in 2024.
Over 5 years, Gross Margin stood at 86.06% in 2022, then increased by 6 bps to 90.82% in 2023, then advanced by 4 bps to 94.04% in 2024, then rose by 0 bps to 94.06% in 2025, then declined by 0 bps to 93.97% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 93.97%, 94.06%, and 92.53% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	73.08%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	47.67%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	76.92%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	44.93%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	70.68%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	66.61%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	45.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	89.20%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	84.61%
10	Dave	3.83 Bn	3.58 Bn	159.27 Mn	93.25%

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