DigitalOcean Holdings (DOCN) Gross Margin (2020 - 2026)
DigitalOcean Holdings' (DOCN) quarterly Gross Margin came in at 55.0% in Q2 2026, down 487.0% year-over-year from 14.21% in Q2 2025, and down 1.97% quarter-over-quarter from 56.11% in Q1 2026.
Analysis
DigitalOcean Holdings (DOCN) Gross Margin (2020 - 2026) Analysis & Trends
DigitalOcean Holdings (DOCN) has reported Gross Margin for 7 consecutive years, with 55.0% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 487.0% year-over-year to 55.0% in Q2 2026; TTM through Jun 2026 was 57.22%, a 318.0% decrease from a year earlier, with the FY2025 full-year figure at 59.86%, up 17.0% from the prior year.
- Gross Margin was 55.0% for Q2 2026 at DigitalOcean Holdings, down from 56.11% in the prior quarter.
- Over five years, Gross Margin peaked at 64.29% in Q2 2022 and troughed at 54.86% in Q1 2023.
- A 5-year average of 59.54% and a median of 59.2% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 585 bps in 2022 and sank 807 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 63.08% in 2022, then decreased by 9 bps to 57.09% in 2023, then increased by 8 bps to 61.53% in 2024, then dropped by 5 bps to 58.69% in 2025, then dropped by 6 bps to 55.0% in 2026.
- The last three Gross Margin figures came in at 55.0% (Q2 2026), 56.11% (Q1 2026), and 58.69% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,653.66 Bn | 3,520.91 Bn | 60.48 Bn | 67.20% |
| 2 | International Business Machines | 218.35 Bn | 207.00 Bn | 9.91 Bn | 57.73% |
| 3 | Nebius | 58.81 Bn | 50.77 Bn | 448.70 Mn | 77.06% |
| 4 | CoreWeave | 54.35 Bn | 48.81 Bn | 1.70 Bn | 65.86% |
| 5 | Nutanix | 17.95 Bn | 15.93 Bn | 610.79 Mn | 86.87% |
| 6 | DigitalOcean Holdings | 12.28 Bn | 11.51 Bn | 154.66 Mn | 55.00% |
| 7 | Kingsoft Cloud Holdings | 2.82 Bn | 2.12 Bn | 68.71 Mn | 15.18% |
| 8 | Tuya | 1.13 Bn | 151.73 Mn | 43.05 Mn | 46.32% |
| 9 | SharonAI Holdings | 1.05 Bn | -811.24 Mn | 1.17 Mn | 60.56% |
| 10 | Backblaze | 755.53 Mn | 704.14 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.00% |
| Mar 31, 2026 | 56.11% |
| Dec 31, 2025 | 58.69% |
| Sep 30, 2025 | 59.63% |
| Jun 30, 2025 | 59.87% |
| Mar 31, 2025 | 61.43% |
| Dec 31, 2024 | 61.53% |
| Sep 30, 2024 | 58.73% |
| Jun 30, 2024 | 59.31% |
| Mar 31, 2024 | 59.09% |
| Dec 31, 2023 | 57.09% |
| Sep 30, 2023 | 58.63% |
| Jun 30, 2023 | 58.78% |
| Mar 31, 2023 | 54.86% |
| Dec 31, 2022 | 63.08% |
| Sep 30, 2022 | 62.71% |
| Jun 30, 2022 | 64.29% |
| Mar 31, 2022 | 62.93% |
| Dec 31, 2021 | 62.90% |
| Sep 30, 2021 | 60.96% |