Fold Holdings (FLD) Gross Margin (2024 - 2026)

Fold Holdings (FLD) recorded quarterly Gross Margin of 95.21% in Q1 2026, little changed quarter-over-quarter from 95.06% in Q4 2025, and up 85.0% on a YoY basis from 51.46% in Q1 2025.

Fold Holdings (FLD) Gross Margin (2024 - 2026) Analysis & Trends

Fold Holdings' Gross Margin history runs 3 years deep, the most recent figure standing at 95.21% for 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 was 95.21% for Q1 2026 at Fold Holdings, roughly flat from 95.06% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 99.25% in Q2 2024 to a low of 92.41% in Q2 2025.
  • Historically, Gross Margin has averaged 96.26% across 3 years, with a median of 96.75% in 2024.
  • The sharpest annual moves came in 2025 and 2026: Gross Margin tumbled 685 bps in 2025, then soared 85 bps in 2026.
  • A 3-year view of Gross Margin shows it stood at 96.75% in 2024, then dropped by 2 bps to 95.06% in 2025, then rose by 0 bps to 95.21% in 2026.
  • The last three Gross Margin figures came in at 95.21% (Q1 2026), 95.06% (Q4 2025), and 96.79% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - -
3 Goldman Sachs 317.73 Bn -619.82 Bn - -
4 Schwab Charles 153.74 Bn 108.77 Bn - -
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 89.97%
6 Interactive Brokers 38.91 Bn 49.50 Bn - -
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - -
8 Tradeweb Markets 20.90 Bn 19.65 Bn - -
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 84.10%
10 Fold Holdings 33.55 Mn 22.02 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%