Ibex (IBEX) Gross Margin (2022 - 2026)
Ibex (IBEX) posted quarterly Gross Margin of 29.68% for Q1 2026, down 210.0% year-over-year from 26.98% in Q1 2025, and up 2.41% quarter-over-quarter from 28.98% in Q4 2025.
Ibex (IBEX) Gross Margin (2022 - 2026) Analysis & Trends
Ibex (IBEX) has reported Gross Margin for 5 consecutive years, with 29.68% the latest figure, recorded in 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 advanced to 29.68% in Q1 2026 per IBEX's latest filing, from 28.98% in the prior quarter.
- Across five years, Gross Margin topped out at 31.78% in Q1 2025 and bottomed at 24.77% in Q3 2022.
- Historically, Gross Margin has averaged 29.65% across 5 years, with a median of 29.8% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 446 bps — and 2026, when it sank 210 bps.
- Ibex's Gross Margin stood at 28.38% in 2022, then slipped by 2 bps to 27.71% in 2023, then climbed by 8 bps to 29.8% in 2024, then fell by 3 bps to 28.98% in 2025, then increased by 2 bps to 29.68% in 2026.
- Business Quant data shows IBEX's Gross Margin at 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 | 222.17 Bn | 210.81 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 32.77% |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | 31.48% |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 33.37% |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 34.76% |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | 38.43% |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | 28.54% |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 17.92% |
| 10 | Ibex | 492.89 Mn | 477.48 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% |