Innodata (INOD) Gross Margin (2010 - 2026)
Innodata (INOD) recorded quarterly Gross Margin of 44.17% in Q1 2026, up 15.4% quarter-over-quarter from 38.27% in Q4 2025, and up 431.0% on a YoY basis from 8.32% in Q1 2025.
Innodata (INOD) Gross Margin (2010 - 2026) Analysis & Trends
Innodata's Gross Margin history runs 17 years deep, the most recent figure standing at 44.17% for Q1 2026.
- In Q1 2026, Gross Margin rose 431.0% year-over-year to 44.17%; the TTM figure through Mar 2026 stood at 40.94% (up 105.0% YoY), while the FY2025 annual figure was 39.53%, up 18.0% from the prior year.
- Gross Margin was 44.17% for Q1 2026 at Innodata, up from 38.27% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 45.21% in Q4 2024 to a low of 28.73% in Q2 2024.
- Historically, Gross Margin has averaged 37.38% across 5 years, with a median of 37.1% in 2023.
- Biggest YoY gain for Gross Margin was 1070 bps in 2025; the steepest drop was 694 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 34.26% in 2022, then increased by 14 bps to 38.92% in 2023, then gained by 16 bps to 45.21% in 2024, then dropped by 15 bps to 38.27% in 2025, then increased by 15 bps to 44.17% in 2026.
- The last three Gross Margin figures came in at 44.17% (Q1 2026), 38.27% (Q4 2025), and 40.77% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 30.85% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 56.23% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | 29.07% |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 90.31% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 32.79% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 33.63% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 32.09% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 20.95% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 17.30% |
| 10 | Innodata | 3.33 Bn | 3.21 Bn | 39.79 Mn | 44.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.17% |
| Dec 31, 2025 | 38.27% |
| Sep 30, 2025 | 40.77% |
| Jun 30, 2025 | 39.43% |
| Mar 31, 2025 | 39.85% |
| Dec 31, 2024 | 45.21% |
| Sep 30, 2024 | 40.85% |
| Jun 30, 2024 | 28.73% |
| Mar 31, 2024 | 36.35% |
| Dec 31, 2023 | 38.92% |
| Sep 30, 2023 | 37.10% |
| Jun 30, 2023 | 35.31% |
| Mar 31, 2023 | 31.66% |
| Dec 31, 2022 | 34.26% |
| Sep 30, 2022 | 32.84% |
| Jun 30, 2022 | 35.00% |
| Mar 31, 2022 | 36.70% |
| Dec 31, 2021 | 36.31% |
| Sep 30, 2021 | 38.66% |
| Jun 30, 2021 | 38.95% |