Monday.Com (MNDY) Gross Margin (2020 - 2026)

Monday.Com (MNDY) posted quarterly Gross Margin of 89.15% for Q1 2026, down 65.0% year-on-year from 254.7% in Q1 2025, and little changed on a QoQ basis from 88.82% in Q4 2025.

Monday.Com (MNDY) Gross Margin (2020 - 2026) Analysis & Trends

Monday.Com (MNDY) has reported Gross Margin for 7 consecutive years, with 89.15% the latest figure, recorded in Q1 2026.

  • Quarterly Gross Margin fell 65.0% year-over-year to 89.15% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 89.05% (down 43.0% YoY) and the FY2025 annual result came in at 89.2%, down 14.0% from the prior year.
  • Gross Margin held at 89.15% in Q1 2026 per MNDY's latest filing, from 88.82% in the prior quarter.
  • Over the last five years, Gross Margin for MNDY reached as high as 89.94% in Q2 2024 and fell as low as 86.48% in Q2 2022.
  • A 5-year average of 88.69% and a median of 88.89% in 2023 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2023 — Gross Margin soared 298 bps — and 2025, when it sank 95 bps.
  • Year by year, Gross Margin stood at 88.42% in 2022, then climbed by 1 bps to 88.94% in 2023, then declined by 0 bps to 88.62% in 2024, then gained by 0 bps to 88.82% in 2025, then climbed by 0 bps to 89.15% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 89.15%, 88.82%, and 88.71% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 72.98%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 48.77%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 45.03%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 76.92%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 70.68%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 48.28%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 66.61%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 95.85%
10 Monday.Com 3.44 Bn 2.45 Bn 313.14 Mn 89.15%

Historic Data

Download Data
DateValue
Mar 31, 2026 89.15%
Dec 31, 2025 88.82%
Sep 30, 2025 88.71%
Jun 30, 2025 89.57%
Mar 31, 2025 89.79%
Dec 31, 2024 88.62%
Sep 30, 2024 89.65%
Jun 30, 2024 89.94%
Mar 31, 2024 89.19%
Dec 31, 2023 88.94%
Sep 30, 2023 88.53%
Jun 30, 2023 88.89%
Mar 31, 2023 89.51%
Dec 31, 2022 88.42%
Sep 30, 2022 86.98%
Jun 30, 2022 86.48%
Mar 31, 2022 86.54%
Dec 31, 2021 87.68%
Sep 30, 2021 87.70%
Jun 30, 2021 87.10%