Freshworks (FRSH) FCF Margin (2020 - 2026)
Freshworks' (FRSH) quarterly FCF Margin came in at 26.52% in Q1 2026, down 296.0% year-on-year from 13.53% in Q1 2025, and down 1.71% quarter-over-quarter from 26.98% in Q4 2025.
Freshworks (FRSH) FCF Margin (2020 - 2026) Analysis & Trends
Freshworks has disclosed FCF Margin across 7 years of filings, most recently posting 26.52% for Q1 2026.
- FCF Margin for Q1 2026 came in at 26.52%, down 296.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.49% (up 488.0% YoY), and the FY2025 annual result was 28.22%, up 719.0% from the prior year.
- FCF Margin came in at 26.52% for Q1 2026 at Freshworks, down from 26.98% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 29.48% in Q1 2025 to a low of 7.3% in Q2 2022.
- The 5-year median for FCF Margin is 20.18% (2024), against an average of 15.96%.
- Across the five-year window, FCF Margin sank 845 bps in 2022 and surged 1932 bps in 2023, its largest moves.
- Freshworks' FCF Margin stood at 4.0% in 2022, then jumped by 429 bps to 21.16% in 2023, then declined by 13 bps to 18.38% in 2024, then surged by 47 bps to 26.98% in 2025, then declined by 2 bps to 26.52% in 2026.
- The last three FCF Margin figures came in at 26.52% (Q1 2026), 26.98% (Q4 2025), and 28.67% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | Freshworks | 2.69 Bn | 2.14 Bn | 193.95 Mn | 26.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.52% |
| Dec 31, 2025 | 26.98% |
| Sep 30, 2025 | 28.67% |
| Jun 30, 2025 | 27.86% |
| Mar 31, 2025 | 29.48% |
| Dec 31, 2024 | 18.38% |
| Sep 30, 2024 | 22.06% |
| Jun 30, 2024 | 20.18% |
| Mar 31, 2024 | 23.87% |
| Dec 31, 2023 | 21.16% |
| Sep 30, 2023 | 14.55% |
| Jun 30, 2023 | 11.56% |
| Mar 31, 2023 | 8.08% |
| Dec 31, 2022 | 4.00% |
| Sep 30, 2022 | -4.76% |
| Jun 30, 2022 | -7.30% |
| Mar 31, 2022 | 0.01% |
| Dec 31, 2021 | 5.07% |
| Sep 30, 2021 | -3.43% |
| Jun 30, 2021 | -1.07% |