i3 Verticals (IIIV) Gross Margin (2017 - 2026)
i3 Verticals (IIIV) posted quarterly Gross Margin of 70.2% for Q1 2026, up 83.0% year-over-year from 38.36% in Q1 2025, and up 5.38% quarter-over-quarter from 66.62% in Q4 2025.
i3 Verticals (IIIV) Gross Margin (2017 - 2026) Analysis & Trends
i3 Verticals' Gross Margin history runs 10 years deep, the most recent figure standing at 70.2% for Q1 2026.
- In Q1 2026, Gross Margin rose 83.0% year-over-year to 70.2%; the TTM figure through Mar 2026 stood at 68.13% (down 70.0% YoY), while the FY2025 annual figure was 68.76%, up 41.0% from the prior year.
- Gross Margin for Q1 2026 stood at 70.2%, up from 66.62% in the prior quarter.
- The five-year high for Gross Margin was 96.12% in Q4 2022, with the low at 10.71% in Q3 2022.
- The 5-year median for Gross Margin is 70.2% (2026), against an average of 72.17%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 6449 bps in 2022, then soared 7034 bps in 2023.
- i3 Verticals' Gross Margin stood at 96.12% in 2022, then slipped by 22 bps to 74.68% in 2023, then fell by 6 bps to 70.17% in 2024, then declined by 5 bps to 66.62% in 2025, then gained by 5 bps to 70.2% in 2026.
- Business Quant data shows IIIV's Gross Margin at 70.2% in Q1 2026, 66.62% in Q4 2025, and 67.76% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | i3 Verticals | 314.99 Mn | 312.34 Mn | 36.75 Mn | 69.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 69.26% |
| 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% |