Ibex (IBEX) Gross Margin (2022 - 2026)
Ibex's (IBEX) quarterly Gross Margin came in at 29.68% in Q1 2026, down 210.0% year-on-year from 26.98% in Q1 2025, and up 2.41% on a QoQ basis from 28.98% in Q4 2025.
Ibex (IBEX) Gross Margin (2022 - 2026) Analysis & Trends
Ibex (IBEX) has 5 years of Gross Margin data on file, last reported at 29.68% in Q1 2026.
- On a quarterly basis, Gross Margin fell 210.0% year-over-year to 29.68% in Q1 2026; TTM through Mar 2026 was 29.87%, a 102.0% decrease from a year earlier, with the FY2025 full-year figure at 30.91%, up 102.0% from the prior year.
- Gross Margin for Q1 2026 stood at 29.68%, up from 28.98% in the prior quarter.
- Over the last five years, Gross Margin for IBEX reached as high as 31.78% in Q1 2025 and fell as low as 24.77% in Q3 2022.
- Historically, Gross Margin has averaged 29.65% across 5 years, with a median of 29.8% in 2023.
- Across the five-year window, Gross Margin surged 446 bps in 2023 and tumbled 210 bps in 2026, its largest moves.
- Year by year, Gross Margin stood at 28.38% in 2022, then declined by 2 bps to 27.71% in 2023, then increased by 8 bps to 29.8% in 2024, then decreased by 3 bps to 28.98% in 2025, then gained by 2 bps to 29.68% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 29.68% in Q1 2026, 28.98% in Q4 2025, and 29.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 32.77% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 33.61% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 31.48% |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 33.63% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 32.79% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 28.54% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 32.09% |
| 10 | Ibex | 433.35 Mn | 417.94 Mn | 48.79 Mn | 29.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.68% |
| Dec 31, 2025 | 28.98% |
| Sep 30, 2025 | 29.50% |
| Jun 30, 2025 | 31.44% |
| Mar 31, 2025 | 31.78% |
| Dec 31, 2024 | 29.80% |
| Sep 30, 2024 | 30.59% |
| Jun 30, 2024 | 31.44% |
| Mar 31, 2024 | 31.32% |
| Dec 31, 2023 | 27.71% |
| Sep 30, 2023 | 29.22% |
| Jun 30, 2023 | 29.80% |
| Mar 31, 2023 | 30.30% |
| Dec 31, 2022 | 28.38% |
| Sep 30, 2022 | 24.77% |