Ibotta (IBTA) Gross Margin (2023 - 2026)
Ibotta posted quarterly Gross Margin of 76.42% for Q1 2026, down 337.0% year-on-year from 32.24% in Q1 2025, and down 2.84% on a QoQ basis from 78.65% in Q4 2025.
Ibotta (IBTA) has 4 years of Gross Margin data on file, last reported at 76.42% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 337.0% year-over-year to 76.42%; the trailing twelve-month figure through Mar 2026 stood at 78.43% (down 623.0% YoY), and the FY2025 full-year result was 79.25%, down 711.0% from the prior year.
- Gross Margin for Q1 2026 stood at 76.42%, down from 78.65% in the prior quarter.
- Across five years, Gross Margin topped out at 87.66% in Q3 2024 and bottomed at 76.42% in Q1 2026.
- The 4-year median for Gross Margin is 84.6% (2024), against an average of 83.23%.
- The widest annual swing landed in 2024, when Gross Margin soared 673 bps; it then plunged 825 bps in 2025.
- A 4-year view of Gross Margin shows it stood at 87.64% in 2023, then fell by 3 bps to 84.6% in 2024, then declined by 7 bps to 78.65% in 2025, then fell by 3 bps to 76.42% in 2026.
- The last three Gross Margin figures came in at 76.42% (Q1 2026), 78.65% (Q4 2025), and 79.41% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Ibotta | 777.95 Mn | 613.36 Mn | 63.03 Mn | 76.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.42% |
| Dec 31, 2025 | 78.65% |
| Sep 30, 2025 | 79.41% |
| Jun 30, 2025 | 79.16% |
| Mar 31, 2025 | 79.79% |
| Dec 31, 2024 | 84.60% |
| Sep 30, 2024 | 87.66% |
| Jun 30, 2024 | 86.03% |
| Mar 31, 2024 | 87.23% |
| Dec 31, 2023 | 87.64% |
| Sep 30, 2023 | 87.36% |
| Jun 30, 2023 | 87.54% |
| Mar 31, 2023 | 80.50% |