Iren (IREN) Gross Margin (2024 - 2026)
Iren (IREN) posted Gross Margin of 79.82% for fiscal Q1 2027 (quarter ended Sep 30, 2026), up 13.57 percentage points from 66.25% a year earlier and up 4.12 percentage points from the prior quarter.
Powered by 
Analysis
Iren (IREN) Gross Margin (2024 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at Iren was 73.37%, up 3.61 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it was 68.92%, up 0.66 percentage points from FY2025.
- Annual Gross Margin has increased for three consecutive fiscal years, with a three-year change of +21.13 percentage points (FY2023 to FY2026).
- In prior fiscal years, Iren's Gross Margin was 68.27% in FY2025 (+14.78 pp), 53.49% in FY2024 (+5.69 pp) and 47.80% in FY2023.
- The fiscal Q1 2027 figure stands as the highest quarterly Gross Margin in data going back to fiscal Q1 2025.
- On a year-over-year basis, Gross Margin has increased in each of the last three quarters, with an average year-over-year change of +7.55 percentage points over the last five quarters.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was 75.71% (Q4 2026), 72.42% (Q3 2026) and 64.39% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.14 Bn | 22.87 Bn | 3.24 Bn | 48.15% |
| 2 | PayPal Holdings | 49.62 Bn | 8.32 Bn | - | - |
| 3 | Fiserv | 33.93 Bn | 31.16 Bn | 2.76 Bn | 53.06% |
| 4 | Coinbase Global | 33.79 Bn | -5.85 Bn | - | - |
| 5 | Corpay | 29.77 Bn | 18.90 Bn | - | - |
| 6 | Global Payments | 24.30 Bn | -237.28 Mn | 2.01 Bn | 60.78% |
| 7 | Iren | 14.79 Bn | -105.20 Mn | 182.00 Mn | 79.82% |
| 8 | Guidewire Software | 12.98 Bn | 9.54 Bn | 269.68 Mn | 65.60% |
| 9 | Chime Financial | 12.86 Bn | 8.55 Bn | 646.07 Mn | 89.98% |
| 10 | Jack Henry & Associates | 12.37 Bn | 12.28 Bn | 325.50 Mn | 46.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 79.82% |
| Jun 30, 2026 | 75.71% |
| Mar 31, 2026 | 72.42% |
| Dec 31, 2025 | 64.39% |
| Sep 30, 2025 | 66.25% |
| Jun 30, 2025 | 71.76% |
| Mar 31, 2025 | 71.03% |
| Dec 31, 2024 | 72.19% |
| Sep 30, 2024 | 39.62% |
API Access
Iren Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=IREN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "IREN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=IREN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();