Fold Holdings (FLD) Gross Margin (2024 - 2026)
Fold Holdings (FLD) posted quarterly Gross Margin of 95.21% for Q1 2026, up 85.0% year-over-year from 51.46% in Q1 2025, and little changed on a QoQ basis from 95.06% in Q4 2025.
Fold Holdings (FLD) Gross Margin (2024 - 2026) Analysis & Trends
Fold Holdings (FLD) has reported Gross Margin for 3 consecutive years, with 95.21% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 85.0% year-over-year to 95.21%; the TTM figure through Mar 2026 stood at 94.79% (down 192.0% YoY), while the FY2025 annual figure was 94.62%, down 330.0% from the prior year.
- Gross Margin came in at 95.21% for Q1 2026 at Fold Holdings, roughly flat from 95.06% in the prior quarter.
- The five-year high for Gross Margin was 99.25% in Q2 2024, with the low at 92.41% in Q2 2025.
- Average Gross Margin over 3 years is 96.26%, with a median of 96.75% recorded in 2024.
- Across the five-year window, Gross Margin plunged 685 bps in 2025 and soared 85 bps in 2026, its largest moves.
- Year by year, Gross Margin stood at 96.75% in 2024, then retreated by 2 bps to 95.06% in 2025, then climbed by 0 bps to 95.21% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 95.21%, 95.06%, and 96.79% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 89.97% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 84.10% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 99.97% |
| 10 | Fold Holdings | 24.83 Mn | 13.30 Mn | 5.32 Mn | 95.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 95.21% |
| Dec 31, 2025 | 95.06% |
| Sep 30, 2025 | 96.79% |
| Jun 30, 2025 | 92.41% |
| Mar 31, 2025 | 94.36% |
| Dec 31, 2024 | 96.75% |
| Sep 30, 2024 | 97.35% |
| Jun 30, 2024 | 99.25% |
| Mar 31, 2024 | 99.14% |