Open Lending (LPRO) Gross Margin (2019 - 2026)
Open Lending (LPRO) posted Gross Margin of 76.31% for Q1 2026, little changed sequentially from 75.99% in Q4 2025, and up 125.0% YoY from 33.92% in Q1 2025.
Open Lending (LPRO) Gross Margin (2019 - 2026) Analysis & Trends
Open Lending (LPRO) has 8 years of Gross Margin data on file, last reported at 76.31% in Q1 2026.
- Quarterly Gross Margin rose 125.0% year-over-year to 76.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 77.24% (up 11412.0% YoY) and the FY2025 annual result came in at 76.88%, up 7617.0% from the prior year.
- Gross Margin held at 76.31% in Q1 2026 per LPRO's latest filing, from 75.99% in the prior quarter.
- The five-year high for Gross Margin was 111.01% in Q4 2024, with the low at 64.09% in Q4 2023.
- Average Gross Margin over 5 years is 81.99%, with a median of 79.35% recorded in 2023.
- Year-over-year, Gross Margin jumped 4692 bps in 2024 and plunged 3501 bps in 2025.
- Open Lending's Gross Margin stood at 81.75% in 2022, then declined by 22 bps to 64.09% in 2023, then surged by 73 bps to 111.01% in 2024, then tumbled by 32 bps to 75.99% in 2025, then gained by 0 bps to 76.31% in 2026.
- Business Quant data shows LPRO's Gross Margin at 76.31% in Q1 2026, 75.99% in Q4 2025, and 78.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | - |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | - |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 92.17% |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 93.80% |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 78.22% |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 84.45% |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 94.24% |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 97.03% |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 71.98% |
| 10 | Open Lending | 366.29 Mn | 181.34 Mn | 15.64 Mn | 76.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.31% |
| Dec 31, 2025 | 75.99% |
| Sep 30, 2025 | 78.00% |
| Jun 30, 2025 | 78.23% |
| Mar 31, 2025 | 75.06% |
| Dec 31, 2024 | 111.01% |
| Sep 30, 2024 | 73.90% |
| Jun 30, 2024 | 78.62% |
| Mar 31, 2024 | 81.30% |
| Dec 31, 2023 | 64.09% |
| Sep 30, 2023 | 79.35% |
| Jun 30, 2023 | 83.97% |
| Mar 31, 2023 | 85.84% |
| Dec 31, 2022 | 81.75% |
| Sep 30, 2022 | 89.74% |
| Jun 30, 2022 | 90.23% |
| Mar 31, 2022 | 90.44% |
| Dec 31, 2021 | 90.82% |
| Sep 30, 2021 | 89.17% |
| Jun 30, 2021 | 93.23% |