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
DateValue
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%