iHuman (IH) Gross Margin (2019 - 2026)
iHuman (IH) posted quarterly Gross Margin of 66.84% for Q1 2026, down 149.0% year-over-year from 136.4% in Q1 2025, and little changed quarter-over-quarter from 66.85% in Q4 2025.
iHuman (IH) Gross Margin (2019 - 2026) Analysis & Trends
iHuman (IH) has reported Gross Margin for 8 consecutive years, with 66.84% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 149.0% year-over-year to 66.84%; the TTM figure through Mar 2026 stood at 67.48% (down 112.0% YoY), while the FY2025 annual figure was 67.86%, down 156.0% from the prior year.
- Gross Margin was little changed at 66.84% in Q1 2026 per IH's latest filing, from 66.85% in the prior quarter.
- Across five years, Gross Margin topped out at 71.54% in Q1 2024 and bottomed at 66.84% in Q1 2026.
- Historically, Gross Margin has averaged 69.41% across 5 years, with a median of 69.97% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin surged 174 bps — and 2024, when it tumbled 394 bps.
- iHuman's Gross Margin stood at 69.43% in 2022, then rose by 3 bps to 71.17% in 2023, then declined by 6 bps to 67.23% in 2024, then retreated by 1 bps to 66.85% in 2025, then dropped by 0 bps to 66.84% in 2026.
- Business Quant data shows IH's Gross Margin at 66.84% in Q1 2026, 66.85% in Q4 2025, and 68.35% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.75 Bn | 82.75 Bn | 812.22 Mn | 53.10% |
| 2 | 51Talk Online Education | 7.47 Bn | 7.44 Bn | 22.97 Mn | 73.66% |
| 3 | Laureate Education | 5.19 Bn | 5.02 Bn | 237.67 Mn | 38.59% |
| 4 | Graham Holdings | 5.04 Bn | 3.79 Bn | 777.03 Mn | 59.66% |
| 5 | Covista | 4.62 Bn | 4.62 Bn | 284.63 Mn | 56.77% |
| 6 | Grand Canyon Education | 3.76 Bn | 3.48 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.54 Bn | 2.58 Bn | 217.28 Mn | 34.16% |
| 8 | TAL Education | 2.30 Bn | -377.25 Mn | 227.32 Mn | 52.92% |
| 9 | McGraw Hill | 2.26 Bn | 2.00 Bn | 388.89 Mn | 83.86% |
| 10 | iHuman | 345.63 Mn | 186.17 Mn | 17.68 Mn | 66.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 66.84% |
| Dec 31, 2025 | 66.85% |
| Sep 30, 2025 | 68.35% |
| Jun 30, 2025 | 67.82% |
| Mar 31, 2025 | 68.32% |
| Dec 31, 2024 | 67.23% |
| Sep 30, 2024 | 68.44% |
| Jun 30, 2024 | 70.54% |
| Mar 31, 2024 | 71.54% |
| Dec 31, 2023 | 71.17% |
| Sep 30, 2023 | 71.37% |
| Jun 30, 2023 | 70.89% |
| Mar 31, 2023 | 69.97% |
| Dec 31, 2022 | 69.43% |
| Sep 30, 2022 | 70.41% |
| Jun 30, 2022 | 70.77% |
| Mar 31, 2022 | 70.00% |
| Dec 31, 2021 | 69.34% |
| Sep 30, 2021 | 69.58% |
| Jun 30, 2021 | 69.72% |