Grid Dynamics Holdings (GDYN) Gross Margin (2019 - 2026)

Grid Dynamics Holdings has disclosed Gross Margin across 8 years of filings, most recently posting 34.8% for Q1 2026.

• Gross Margin for Q1 2026 came in at 34.8%, down 204.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 34.07% (down 266.0% YoY), and the FY2025 annual result was 34.56%, down 166.0% from the prior year.
• Gross Margin came in at 34.8% for Q1 2026 at Grid Dynamics Holdings, up from 34.04% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 40.25% in Q3 2022 to a low of 33.32% in Q3 2025.
• The 5-year median for Gross Margin is 36.36% (2023), against an average of 36.33%.
• Across the five-year window, Gross Margin sank 420 bps in 2022 and jumped 218 bps in 2025, its largest moves.
• Grid Dynamics Holdings' Gross Margin stood at 40.06% in 2022, then fell by 10 bps to 36.01% in 2023, then climbed by 3 bps to 36.94% in 2024, then slipped by 8 bps to 34.04% in 2025, then advanced by 2 bps to 34.8% in 2026.
• The last three Gross Margin figures came in at 34.8% (Q1 2026), 34.04% (Q4 2025), and 33.32% (Q3 2025), per Business Quant data.