Lemonade (LMND) Gross Margin (2019 - 2026)
Lemonade (LMND) posted quarterly Gross Margin of 68.91% for Q1 2026, down 252.0% year-over-year from 45.33% in Q1 2025, and down 17.13% on a QoQ basis from 83.15% in Q4 2025.
Lemonade (LMND) Gross Margin (2019 - 2026) Analysis & Trends
Lemonade (LMND) has reported Gross Margin for 8 consecutive years, with 68.91% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 252.0% year-over-year to 68.91%; the TTM figure through Mar 2026 stood at 74.03% (up 863.0% YoY), while the FY2025 annual figure was 69.59%, up 118.0% from the prior year.
- Gross Margin came in at 68.91% for Q1 2026 at Lemonade, down from 83.15% in the prior quarter.
- The five-year high for Gross Margin was 87.66% in Q4 2023, with the low at 563.41% in Q4 2022.
- Average Gross Margin over 5 years is 23.64%, with a median of 68.91% recorded in 2026.
- Across the five-year window, Gross Margin slumped 51696 bps in 2022 and surged 65107 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 563.41% in 2022, then surged by 116 bps to 87.66% in 2023, then slipped by 22 bps to 67.94% in 2024, then climbed by 22 bps to 83.15% in 2025, then slipped by 17 bps to 68.91% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 68.91%, 83.15%, and 70.49% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | 67.14% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 37.68% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 58.50% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 99.65% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 46.48% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 86.87% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | -153.50% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 39.99% |
| 10 | Lemonade | 5.29 Bn | 4.89 Bn | 146.50 Mn | 68.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 68.91% |
| Dec 31, 2025 | 83.15% |
| Sep 30, 2025 | 70.49% |
| Jun 30, 2025 | 63.68% |
| Mar 31, 2025 | 71.43% |
| Dec 31, 2024 | 67.94% |
| Sep 30, 2024 | 46.29% |
| Jun 30, 2024 | 69.84% |
| Mar 31, 2024 | 63.98% |
| Dec 31, 2023 | 87.66% |
| Sep 30, 2023 | 78.69% |
| Jun 30, 2023 | 76.29% |
| Mar 31, 2023 | 70.38% |
| Dec 31, 2022 | -563.41% |
| Sep 30, 2022 | 51.62% |
| Jun 30, 2022 | -18.59% |
| Mar 31, 2022 | 13.54% |
| Dec 31, 2021 | -46.46% |
| Sep 30, 2021 | -18.21% |
| Jun 30, 2021 | -17.38% |