Grid Dynamics Holdings (GDYN) Gross Margin (2019 - 2026)
Grid Dynamics Holdings (GDYN) posted Gross Margin of 36.63% for Q2 2026, up 5.24% sequentially from 34.8% in Q1 2026, and up 250.0% YoY from 10.47% in Q2 2025.
Grid Dynamics Holdings (GDYN) Gross Margin (2019 - 2026) Analysis & Trends
Grid Dynamics Holdings has reported Gross Margin for 8 years, with the latest figure at 36.63% in Q2 2026.
- Quarterly Gross Margin rose 250.0% year-over-year to 36.63% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 34.72% (down 158.0% YoY) and the FY2025 annual result came in at 34.56%, down 166.0% from the prior year.
- Gross Margin rose to 36.63% in Q2 2026 per GDYN's latest filing, from 34.8% in the prior quarter.
- Over five years, Gross Margin peaked at 40.25% in Q3 2022 and troughed at 33.32% in Q3 2025.
- A 5-year average of 36.34% and a median of 36.48% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2026: Gross Margin sank 420 bps in 2022, then soared 250 bps in 2026.
- Over 5 years, Gross Margin stood at 40.06% in 2022, then decreased by 10 bps to 36.01% in 2023, then increased by 3 bps to 36.94% in 2024, then declined by 8 bps to 34.04% in 2025, then rose by 8 bps to 36.63% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 36.63%, 34.8%, and 34.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 32.77% |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 31.48% |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 33.37% |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 34.76% |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 38.43% |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 28.54% |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 17.92% |
| 10 | Grid Dynamics Holdings | 650.04 Mn | 351.61 Mn | 39.62 Mn | 36.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.63% |
| Mar 31, 2026 | 34.80% |
| Dec 31, 2025 | 34.04% |
| Sep 30, 2025 | 33.32% |
| Jun 30, 2025 | 34.13% |
| Mar 31, 2025 | 36.84% |
| Dec 31, 2024 | 36.94% |
| Sep 30, 2024 | 37.43% |
| Jun 30, 2024 | 35.60% |
| Mar 31, 2024 | 34.66% |
| Dec 31, 2023 | 36.01% |
| Sep 30, 2023 | 36.36% |
| Jun 30, 2023 | 36.60% |
| Mar 31, 2023 | 35.68% |
| Dec 31, 2022 | 40.06% |
| Sep 30, 2022 | 40.25% |
| Jun 30, 2022 | 37.32% |
| Mar 31, 2022 | 37.50% |
| Dec 31, 2021 | 41.07% |
| Sep 30, 2021 | 43.61% |