Navan (NAVN) Gross Margin (2024 - 2026)
Navan (NAVN) reported Gross Margin of 74.04% for Q2 2026, up 304.0% on a YoY basis from 18.33% in Q2 2025, and up 4.72% sequentially from 70.7% in Q1 2026.
Navan (NAVN) Gross Margin (2024 - 2026) Analysis & Trends
Navan (NAVN) has 3 years of Gross Margin data on file, last reported at 74.04% in Q2 2026.
- Quarterly Gross Margin rose 304.0% year-over-year to 74.04% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 71.75% (changed N/A YoY) and the FY2026 annual result came in at 71.27%, up 290.0% from the prior year.
- Gross Margin came in at 74.04% for Q2 2026 at Navan, up from 70.7% in the prior quarter.
- The five-year high for Gross Margin was 74.04% in Q2 2026, with the low at 67.61% in Q1 2025.
- Median Gross Margin over the past 3 years was 70.71% (2025), compared with a mean of 70.77%.
- The sharpest annual moves came in 2025 and 2026: Gross Margin increased 18 bps in 2025, then jumped 309 bps in 2026.
- Navan's Gross Margin stood at 70.54% in 2024, then climbed by 0 bps to 70.72% in 2025, then gained by 5 bps to 74.04% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 74.04% in Q2 2026, 70.7% in Q1 2026, and 70.72% in Q4 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 | Navan | 4.76 Bn | 4.12 Bn | 163.06 Mn | 74.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 74.04% |
| Jan 31, 2026 | 70.70% |
| Oct 31, 2025 | 70.72% |
| Apr 30, 2025 | 71.00% |
| Jan 31, 2025 | 67.61% |
| Oct 31, 2024 | 70.54% |