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

Grid Dynamics Holdings has disclosed Operating Margin across 8 years of filings, most recently posting 3.54% for Q1 2026.

• Operating Margin for Q1 2026 came in at 3.54%, down 151.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.85% (down 123.0% YoY), and the FY2025 annual result was 0.46%, up 14.0% from the prior year.
• Operating Margin came in at 3.54% for Q1 2026 at Grid Dynamics Holdings, down from 0.48% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 2.44% in Q3 2024 to a low of 14.03% in Q2 2022.
• The 5-year median for Operating Margin is 0.23% (2025), against an average of 2.48%.
• Across the five-year window, Operating Margin slumped 1693 bps in 2022 and soared 1575 bps in 2023, its largest moves.
• Grid Dynamics Holdings' Operating Margin stood at 6.96% in 2022, then soared by 80 bps to 1.36% in 2023, then soared by 192 bps to 1.26% in 2024, then plunged by 62 bps to 0.48% in 2025, then plunged by 842 bps to 3.54% in 2026.
• The last three Operating Margin figures came in at 3.54% (Q1 2026), 0.48% (Q4 2025), and 0.23% (Q3 2025), per Business Quant data.