i3 Verticals (IIIV) Gross Margin (2017 - 2026)

i3 Verticals (IIIV) posted Gross Margin of 70.2% for Q1 2026, up 5.38% quarter-over-quarter from 66.62% in Q4 2025, and up 83.0% year-on-year from 38.36% in Q1 2025.

i3 Verticals (IIIV) Gross Margin (2017 - 2026) Analysis & Trends

i3 Verticals (IIIV) has reported Gross Margin for 10 consecutive years, with 70.2% the latest figure, recorded in Q1 2026.

  • Gross Margin for Q1 2026 came in at 70.2%, up 83.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 68.13% (down 70.0% YoY), and the FY2025 annual result was 68.76%, up 41.0% from the prior year.
  • Gross Margin was 70.2% for Q1 2026 at i3 Verticals, up from 66.62% in the prior quarter.
  • Over five years, Gross Margin peaked at 96.12% in Q4 2022 and troughed at 10.71% in Q3 2022.
  • Average Gross Margin over 5 years is 72.17%, with a median of 70.2% recorded in 2026.
  • Year-over-year, Gross Margin tumbled 6449 bps in 2022 and soared 7034 bps in 2023.
  • Over 5 years, Gross Margin stood at 96.12% in 2022, then fell by 22 bps to 74.68% in 2023, then slipped by 6 bps to 70.17% in 2024, then decreased by 5 bps to 66.62% in 2025, then grew by 5 bps to 70.2% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 70.2% in Q1 2026, 66.62% in Q4 2025, and 67.76% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 67.63%
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 89.22%
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 86.78%
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 73.59%
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 76.12%
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 80.29%
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 71.21%
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 73.54%
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 48.03%
10 i3 Verticals 478.92 Mn 592.63 Mn 40.38 Mn 70.20%

Historic Data

Download Data
DateValue
Mar 31, 2026 70.20%
Dec 31, 2025 66.62%
Sep 30, 2025 67.76%
Jun 30, 2025 67.76%
Mar 31, 2025 69.37%
Dec 31, 2024 70.17%
Sep 30, 2024 68.64%
Jun 30, 2024 66.90%
Mar 31, 2024 73.79%
Dec 31, 2023 74.68%
Sep 30, 2023 81.05%
Jun 30, 2023 93.11%
Mar 31, 2023 95.75%
Dec 31, 2022 96.12%
Sep 30, 2022 10.71%
Jun 30, 2022 75.48%
Mar 31, 2022 78.71%
Dec 31, 2021 77.67%
Sep 30, 2021 75.20%
Jun 30, 2021 74.55%