Innodata (INOD) Gross Margin (2010 - 2026)
Innodata (INOD) posted Gross Margin of 46.08% for Q2 2026, up 4.34% on a QoQ basis from 44.17% in Q1 2026, and up 665.0% year-over-year from 6.02% in Q2 2025.
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Innodata (INOD) Gross Margin (2010 - 2026) Analysis & Trends
Innodata has reported Gross Margin for 17 years, with the latest figure at 46.08% in Q2 2026.
- On a quarterly basis, Gross Margin rose 665.0% year-over-year to 46.08% in Q2 2026; TTM through Jun 2026 was 42.71%, a 135.0% increase from a year earlier, with the FY2025 full-year figure at 39.53%, up 18.0% from the prior year.
- Gross Margin was 46.08% for Q2 2026 at Innodata, up from 44.17% in the prior quarter.
- The five-year high for Gross Margin was 46.08% in Q2 2026, with the low at 28.73% in Q2 2024.
- Average Gross Margin over 5 years is 37.86%, with a median of 37.68% recorded in 2023.
- The largest YoY upside for Gross Margin was 1070 bps in 2025 against a maximum downside of 694 bps in 2025.
- Over 5 years, Gross Margin stood at 34.26% in 2022, then rose by 14 bps to 38.92% in 2023, then advanced by 16 bps to 45.21% in 2024, then declined by 15 bps to 38.27% in 2025, then climbed by 20 bps to 46.08% in 2026.
- The last three Gross Margin figures came in at 46.08% (Q2 2026), 44.17% (Q1 2026), and 38.27% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 31.48% |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 33.37% |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | - |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 30.36% |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 12.71% |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 37.99% |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 21.45% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 20.25% |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | 20.37% |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 46.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.08% |
| 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% |