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.
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Analysis
Open Lending (LPRO) Gross Margin (2019 - 2026) Analysis & Trends
Open Lending has reported Gross Margin for 8 years, with the latest figure 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 was little changed at 76.31% in Q1 2026 per LPRO's latest filing, from 75.99% in the prior quarter.
- Over five years, Gross Margin peaked at 111.01% in Q4 2024 and troughed at 64.09% in Q4 2023.
- A 5-year average of 81.99% and a median of 79.35% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 4692 bps in 2024, then slumped 3501 bps in 2025.
- Over 5 years, Gross Margin stood at 81.75% in 2022, then dropped by 22 bps to 64.09% in 2023, then jumped by 73 bps to 111.01% in 2024, then slumped by 32 bps to 75.99% in 2025, then rose by 0 bps to 76.31% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 76.31%, 75.99%, and 78.0% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | - |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | - |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 91.60% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | - |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | - |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | - |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | - |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 83.58% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 90.90% |
| 10 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 76.31% |
Historic Data
Download Data
Historic 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% |