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| 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% |