First Advantage (FA) Gross Margin (2020 - 2026)
First Advantage (FA) recorded Gross Margin of 45.46% in Q2 2026, down 1.34 percentage points from 46.79% a year earlier but up 0.34 percentage points from the prior quarter.
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Analysis
First Advantage (FA) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, First Advantage's Gross Margin came in at 45.22% as of Jun 30, 2026, down 1.26 percentage points year-over-year; for FY2025, it came in at 45.67%, down 2.14 percentage points from FY2024.
- Annual Gross Margin has declined for four straight years, with a five-year change of -3.46 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 47.81% in FY2024 (-1.55 pp), 49.36% in FY2023 (-0.16 pp), 49.52% in FY2022 (-1.04 pp) and 50.56% in FY2021 (+1.43 pp).
- Quarterly Gross Margin has ranged from 44.56% in Q4 2025 to 51.18% in Q3 2021 over the past five years.
- On a year-over-year basis, Gross Margin has declined for eight consecutive quarters, with an average year-over-year change of -2.13 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 2.95 percentage points in Q4 2021, against a drop of 4.85 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 45.12% (Q1 2026), 44.56% (Q4 2025) and 45.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.33 Bn | 240.40 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 230.88 Bn | 211.29 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 125.08 Bn | 111.01 Bn | 1.64 Bn | 80.24% |
| 4 | Snowflake | 112.00 Bn | 99.32 Bn | 1.04 Bn | 67.02% |
| 5 | Datadog | 91.26 Bn | 72.90 Bn | 881.34 Mn | 78.59% |
| 6 | Zscaler | 34.35 Bn | 20.47 Bn | - | - |
| 7 | Okta | 33.52 Bn | 23.62 Bn | 641.00 Mn | 79.63% |
| 8 | Axon Enterprise | 31.78 Bn | 26.31 Bn | 546.45 Mn | 60.42% |
| 9 | MongoDB | 29.09 Bn | 19.56 Bn | 569.77 Mn | 73.83% |
| 10 | First Advantage | 3.38 Bn | 2.46 Bn | 203.99 Mn | 45.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.46% |
| Mar 31, 2026 | 45.12% |
| Dec 31, 2025 | 44.56% |
| Sep 30, 2025 | 45.73% |
| Jun 30, 2025 | 46.79% |
| Mar 31, 2025 | 45.69% |
| Dec 31, 2024 | 45.14% |
| Sep 30, 2024 | 49.34% |
| Jun 30, 2024 | 49.96% |
| Mar 31, 2024 | 48.53% |
| Dec 31, 2023 | 49.99% |
| Sep 30, 2023 | 49.39% |
| Jun 30, 2023 | 49.82% |
| Mar 31, 2023 | 48.12% |
| Dec 31, 2022 | 49.24% |
| Sep 30, 2022 | 49.37% |
| Jun 30, 2022 | 50.24% |
| Mar 31, 2022 | 49.22% |
| Dec 31, 2021 | 49.56% |
| Sep 30, 2021 | 51.18% |
API Access
First Advantage Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();