Grid Dynamics Holdings (GDYN) Gross Margin (2019 - 2026)
Grid Dynamics Holdings (GDYN) posted Gross Margin of 36.63% for Q2 2026, up 2.50 percentage points from 34.13% a year earlier and up 1.82 percentage points from the prior quarter.
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Analysis
Grid Dynamics Holdings (GDYN) Gross Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Grid Dynamics Holdings was 34.72%, down 1.58 percentage points year-over-year; for FY2025, it came in at 34.56%, down 1.66 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -2.84 percentage points (FY2020 to FY2025).
- In prior years, Grid Dynamics Holdings' Gross Margin was 36.23% in FY2024 (+0.07 pp), 36.16% in FY2023 (-2.68 pp), 38.84% in FY2022 (-2.68 pp) and 41.52% in FY2021 (+4.12 pp).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q1 2025.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of -0.48 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q2 2026, with a gain of 2.50 percentage points; the weakest was Q2 2022, with a drop of 4.20 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 34.80% (Q1 2026), 34.04% (Q4 2025) and 33.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 42.66 Bn | 42.72 Bn | 1.60 Bn | 31.48% |
| 2 | Cognizant Technology Solutions | 25.65 Bn | 18.82 Bn | 1.83 Bn | 33.37% |
| 3 | Td Synnex | 20.51 Bn | 14.54 Bn | 1.34 Bn | 6.84% |
| 4 | Cdw | 16.33 Bn | 14.32 Bn | 1.32 Bn | 20.08% |
| 5 | Cgi | 15.07 Bn | 12.85 Bn | - | - |
| 6 | Arrow Electronics | 11.72 Bn | 10.75 Bn | 1.13 Bn | 11.26% |
| 7 | Avnet | 8.33 Bn | 7.51 Bn | 865.03 Mn | 10.43% |
| 8 | Ingram Micro Holding | 6.23 Bn | 1.84 Bn | 958.68 Mn | 6.60% |
| 9 | EPAM Systems | 5.55 Bn | 1.19 Bn | 429.57 Mn | 30.36% |
| 10 | Grid Dynamics Holdings | 615.35 Mn | -691.16 Mn | 39.62 Mn | 36.63% |
Historic Data
Download Data
Historic 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% |
API Access
Grid Dynamics Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=GDYN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GDYN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GDYN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();