Stride (LRN) Gross Margin (2010 - 2026)
Stride (LRN) posted quarterly Gross Margin of 36.76% for Q1 2026, down 388.0% year-over-year from 12.77% in Q1 2025, and down 10.61% quarter-over-quarter from 41.13% in Q4 2025.
Stride (LRN) Gross Margin (2010 - 2026) Analysis & Trends
Stride (LRN) has reported Gross Margin for 17 consecutive years, with 36.76% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 388.0% year-over-year to 36.76%; the TTM figure through Mar 2026 stood at 38.34% (down 73.0% YoY), while the FY2025 annual figure was 39.24%, up 181.0% from the prior year.
- Gross Margin retreated to 36.76% in Q1 2026 per LRN's latest filing, from 41.13% in the prior quarter.
- Across five years, Gross Margin topped out at 41.13% in Q4 2025 and bottomed at 30.49% in Q3 2022.
- Historically, Gross Margin has averaged 37.52% across 5 years, with a median of 37.1% in 2022.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 551 bps — and 2026, when it plunged 388 bps.
- Stride's Gross Margin stood at 37.1% in 2022, then gained by 7 bps to 39.85% in 2023, then climbed by 3 bps to 40.85% in 2024, then climbed by 1 bps to 41.13% in 2025, then declined by 11 bps to 36.76% in 2026.
- Business Quant data shows LRN's Gross Margin at 36.76% in Q1 2026, 41.13% in Q4 2025, and 39.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 53.10% |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | 73.66% |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 38.59% |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 59.66% |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 56.77% |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 34.16% |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 83.86% |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 52.92% |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | 44.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 34.16% |
| Mar 31, 2026 | 36.76% |
| Dec 31, 2025 | 41.13% |
| Sep 30, 2025 | 39.00% |
| Jun 30, 2025 | 36.55% |
| Mar 31, 2025 | 40.64% |
| Dec 31, 2024 | 40.85% |
| Sep 30, 2024 | 39.17% |
| Jun 30, 2024 | 35.23% |
| Mar 31, 2024 | 38.65% |
| Dec 31, 2023 | 39.85% |
| Sep 30, 2023 | 36.00% |
| Jun 30, 2023 | 35.59% |
| Mar 31, 2023 | 37.27% |
| Dec 31, 2022 | 37.10% |
| Sep 30, 2022 | 30.49% |
| Jun 30, 2022 | 36.84% |
| Mar 31, 2022 | 36.72% |
| Dec 31, 2021 | 36.03% |
| Sep 30, 2021 | 31.58% |