Innodata (INOD) Gross Margin (2010 - 2026)
Innodata's (INOD) quarterly Gross Margin came in at 44.17% in Q1 2026, up 431.0% year-on-year from 8.32% in Q1 2025, and up 15.4% quarter-over-quarter from 38.27% in Q4 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.
- On a quarterly basis, Gross Margin rose 431.0% year-over-year to 44.17% in Q1 2026; TTM through Mar 2026 was 40.94%, a 105.0% increase from a year earlier, with the FY2025 full-year figure at 39.53%, up 18.0% from the prior year.
- Gross Margin improved to 44.17% in Q1 2026 per INOD's latest filing, from 38.27% in the prior quarter.
- Across five years, Gross Margin topped out at 45.21% in Q4 2024 and bottomed at 28.73% in Q2 2024.
- The 5-year median for Gross Margin is 37.1% (2023), against an average of 37.38%.
- Biggest YoY gain for Gross Margin was 1070 bps in 2025; the steepest drop was 694 bps in 2025.
- Year by year, Gross Margin 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.
- Per Business Quant, the three latest INOD Gross Margin figures stand at 44.17% (Q1 2026), 38.27% (Q4 2025), and 40.77% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 32.77% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 33.61% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 31.48% |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 33.63% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 32.79% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 28.54% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 32.09% |
| 10 | Innodata | 2.15 Bn | 2.03 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% |