Nebius (NBIS) Gross Margin (2010 - 2026)

Nebius (NBIS) posted Gross Margin of 73.98% for Q1 2026, up 5.82% sequentially from 69.92% in Q4 2025, and up 2251.0% YoY from 3.15% in Q1 2025.

Nebius (NBIS) Gross Margin (2010 - 2026) Analysis & Trends

Nebius has reported Gross Margin for 17 years, with the latest figure at 73.98% in Q1 2026.

Quarterly Gross Margin rose 2251.0% year-over-year to 73.98% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 72.06% (up 2046.0% YoY) and the FY2025 annual result came in at 68.63%, up 1639.0% from the prior year.
Gross Margin rose to 73.98% in Q1 2026 per NBIS's latest filing, from 69.92% in the prior quarter.
Over five years, Gross Margin peaked at 100.0% in Q2 2023 and troughed at 21.93% in Q1 2024.
A 5-year average of 66.46% and a median of 69.16% in 2024 frame the typical range for Gross Margin.
The sharpest annual moves came in 2023 and 2024: Gross Margin surged 4812 bps in 2023, then plunged 7807 bps in 2024.
Over 5 years, Gross Margin stood at 52.76% in 2022, then soared by 90 bps to 100.0% in 2023, then sank by 60 bps to 40.06% in 2024, then soared by 75 bps to 69.92% in 2025, then climbed by 6 bps to 73.98% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 73.98%, 69.92%, and 70.64% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Alphabet	4,253.34 Bn	3,824.30 Bn	73.85 Bn	61.65%
2	Meta Platforms	1,548.59 Bn	1,458.33 Bn	49.47 Bn	81.37%
3	Taboola.com	1,144.63 Bn	1,144.50 Bn	139.48 Mn	29.25%
4	Baidu	289.09 Bn	284.60 Bn	1.88 Mn	0.04%
5	Spotify Technology	104.28 Bn	94.04 Bn	1.75 Bn	32.98%
6	Joyy	78.58 Bn	77.69 Bn	205.64 Mn	35.34%
7	BILI Social International	60.58 Bn	60.58 Bn	405,933.00	75.52%
8	Nebius	49.00 Bn	39.37 Bn	295.20 Mn	73.98%
9	Reddit	30.74 Bn	27.96 Bn	734.60 Mn	91.27%
10	Tencent Music Entertainment	27.35 Bn	24.65 Bn	514.00 Mn	-

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