Monday.Com (MNDY) Gross Margin (2020 - 2026)
Monday.Com (MNDY) posted quarterly 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 reported Gross Margin for 7 consecutive years, with 89.15% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 65.0% year-over-year to 89.15%; the TTM figure through Mar 2026 stood at 89.05% (down 43.0% YoY), while the FY2025 annual figure 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.
- Across five years, Gross Margin topped out at 89.94% in Q2 2024 and bottomed at 86.48% in Q2 2022.
- Historically, Gross Margin has averaged 88.69% across 5 years, with a median of 88.89% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 298 bps — and 2025, when it sank 95 bps.
- Monday.Com's Gross Margin stood at 88.42% in 2022, then rose by 1 bps to 88.94% in 2023, then decreased by 0 bps to 88.62% in 2024, then grew by 0 bps to 88.82% in 2025, then rose 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 | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Monday.Com | 3.70 Bn | 2.63 Bn | 321.96 Mn | 88.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 88.30% |
| 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% |