Monday.Com (MNDY) Gross Margin (2020 - 2026)
Monday.Com (MNDY) reported Gross Margin of 89.15% for Q1 2026, down 65.0% year-over-year from 254.7% in Q1 2025, and little changed quarter-over-quarter from 88.82% in Q4 2025.
Monday.Com (MNDY) Gross Margin (2020 - 2026) Analysis & Trends
Monday.Com (MNDY) has 7 years of Gross Margin data on file, last reported at 89.15% in Q1 2026.
- Gross Margin for Q1 2026 came in at 89.15%, down 65.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 89.05% (down 43.0% YoY), and the FY2025 annual result was 89.2%, down 14.0% from the prior year.
- Gross Margin steadied at 89.15% in Q1 2026 per MNDY's latest filing, from 88.82% in the prior quarter.
- Over five years, Gross Margin peaked at 89.94% in Q2 2024 and troughed at 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.
- The sharpest annual moves came in 2023 and 2025: Gross Margin jumped 298 bps in 2023, then sank 95 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 88.42% in 2022, then increased by 1 bps to 88.94% in 2023, then retreated by 0 bps to 88.62% in 2024, then climbed by 0 bps to 88.82% in 2025, then increased by 0 bps to 89.15% in 2026.
- Business Quant data shows MNDY's Gross Margin at 89.15% in Q1 2026, 88.82% in Q4 2025, and 88.71% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Monday.Com | 43,911.80 | -1.50 Bn | 313.14 Mn | 89.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |