Freshworks (FRSH) Gross Margin (2020 - 2026)
Freshworks' (FRSH) quarterly Gross Margin came in at 84.83% in Q1 2026, up 5.0% year-on-year from 80.79% in Q1 2025, and down 0.85% quarter-over-quarter from 85.56% in Q4 2025.
Freshworks (FRSH) Gross Margin (2020 - 2026) Analysis & Trends
Freshworks has disclosed Gross Margin across 7 years of filings, most recently posting 84.83% for Q1 2026.
- Gross Margin for Q1 2026 came in at 84.83%, up 5.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 84.97% (up 58.0% YoY), and the FY2025 annual result was 84.96%, up 69.0% from the prior year.
- Gross Margin came in at 84.83% for Q1 2026 at Freshworks, down from 85.56% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 85.56% in Q4 2025 to a low of 80.2% in Q2 2022.
- The 5-year median for Gross Margin is 83.82% (2024), against an average of 83.25%.
- Across the five-year window, Gross Margin soared 424 bps in 2022 and gained 5 bps in 2026, its largest moves.
- Freshworks' Gross Margin stood at 81.11% in 2022, then rose by 2 bps to 83.13% in 2023, then rose by 2 bps to 84.86% in 2024, then grew by 1 bps to 85.56% in 2025, then retreated by 1 bps to 84.83% in 2026.
- The last three Gross Margin figures came in at 84.83% (Q1 2026), 85.56% (Q4 2025), and 84.68% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Freshworks | 2.69 Bn | 2.14 Bn | 193.95 Mn | 84.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 84.83% |
| Dec 31, 2025 | 85.56% |
| Sep 30, 2025 | 84.68% |
| Jun 30, 2025 | 84.78% |
| Mar 31, 2025 | 84.78% |
| Dec 31, 2024 | 84.86% |
| Sep 30, 2024 | 84.02% |
| Jun 30, 2024 | 83.82% |
| Mar 31, 2024 | 84.32% |
| Dec 31, 2023 | 83.13% |
| Sep 30, 2023 | 82.90% |
| Jun 30, 2023 | 82.86% |
| Mar 31, 2023 | 81.67% |
| Dec 31, 2022 | 81.11% |
| Sep 30, 2022 | 81.22% |
| Jun 30, 2022 | 80.20% |
| Mar 31, 2022 | 80.46% |
| Dec 31, 2021 | 80.66% |
| Sep 30, 2021 | 76.98% |
| Jun 30, 2021 | 78.83% |