Ibex (IBEX) Gross Margin (2022 - 2026)
Ibex (IBEX) recorded quarterly Gross Margin of 29.68% in Q1 2026, up 2.41% quarter-over-quarter from 28.98% in Q4 2025, and down 210.0% on a YoY basis from 26.98% in Q1 2025.
Ibex (IBEX) Gross Margin (2022 - 2026) Analysis & Trends
Ibex's Gross Margin history runs 5 years deep, the most recent figure standing at 29.68% for Q1 2026.
- In Q1 2026, Gross Margin fell 210.0% year-over-year to 29.68%; the TTM figure through Mar 2026 stood at 29.87% (down 102.0% YoY), while the FY2025 annual figure was 30.91%, up 102.0% from the prior year.
- Gross Margin was 29.68% for Q1 2026 at Ibex, up from 28.98% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 31.78% in Q1 2025 to a low of 24.77% in Q3 2022.
- Historically, Gross Margin has averaged 29.65% across 5 years, with a median of 29.8% in 2023.
- The sharpest annual moves came in 2023 and 2026: Gross Margin surged 446 bps in 2023, then slumped 210 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 28.38% in 2022, then dropped by 2 bps to 27.71% in 2023, then grew by 8 bps to 29.8% in 2024, then retreated by 3 bps to 28.98% in 2025, then rose by 2 bps to 29.68% in 2026.
- The last three Gross Margin figures came in at 29.68% (Q1 2026), 28.98% (Q4 2025), and 29.5% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 30.85% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 56.23% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | 29.07% |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 90.31% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 32.79% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 33.63% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 32.09% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 20.95% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 17.30% |
| 10 | Ibex | 402.00 Mn | 386.60 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% |