Navan (NAVN) Gross Margin (2024 - 2026)
Navan's (NAVN) quarterly Gross Margin came in at 74.04% in Q2 2026, up 304.0% year-over-year from 18.33% in Q2 2025, and up 4.72% quarter-over-quarter from 70.7% in Q1 2026.
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Navan (NAVN) Gross Margin (2024 - 2026) Analysis & Trends
Navan has disclosed Gross Margin across 3 years of filings, most recently posting 74.04% for Q2 2026.
- In Q2 2026, Gross Margin rose 304.0% year-over-year to 74.04%; the TTM figure through Apr 2026 stood at 71.75% (changed N/A YoY), while the FY2026 annual figure was 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.
- In the past five years, Gross Margin ranged from a high of 74.04% in Q2 2026 to a low of 67.61% in Q1 2025.
- Average Gross Margin over 3 years is 70.77%, with a median of 70.71% recorded in 2025.
- Year-over-year, Gross Margin climbed 18 bps in 2025 and surged 309 bps in 2026.
- Over 3 years, Gross Margin stood at 70.54% in 2024, then grew by 0 bps to 70.72% in 2025, then advanced 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 84.61% |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 65.79% |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | 74.04% |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 81.66% |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 75.96% |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | 48.22% |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | 100.00% |
Historic Data
Download Data
Historic 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% |