Nebius (NBIS) Gross Margin (2010 - 2026)

Nebius' (NBIS) quarterly Gross Margin came in at 73.98% in Q1 2026, up 2251.0% year-on-year from 3.15% in Q1 2025, and up 5.82% quarter-over-quarter from 69.92% in Q4 2025.

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

Nebius has disclosed Gross Margin across 17 years of filings, most recently posting 73.98% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 73.98%, up 2251.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 72.06% (up 2046.0% YoY), and the FY2025 annual result was 68.63%, up 1639.0% from the prior year.
  • Gross Margin came in at 73.98% for Q1 2026 at Nebius, up from 69.92% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 100.0% in Q2 2023 to a low of 21.93% in Q1 2024.
  • The 5-year median for Gross Margin is 69.16% (2024), against an average of 66.46%.
  • Across the five-year window, Gross Margin soared 4812 bps in 2023 and plunged 7807 bps in 2024, its largest moves.
  • Nebius' Gross Margin stood at 52.76% in 2022, then jumped by 90 bps to 100.0% in 2023, then sank by 60 bps to 40.06% in 2024, then jumped by 75 bps to 69.92% in 2025, then gained by 6 bps to 73.98% in 2026.
  • The last three Gross Margin figures came in at 73.98% (Q1 2026), 69.92% (Q4 2025), and 70.64% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Nebius 2,430,078.11 Bn 2,430,078.11 Bn 295.20 Mn 73.98%
2 Alphabet 4,448.32 Bn 4,232.70 Bn 102.29 Bn 93.08%
3 Meta Platforms 1,465.06 Bn 1,383.88 Bn 46.09 Bn 81.85%
4 Spotify Technology 113.19 Bn 102.95 Bn 1.75 Bn 32.98%
5 Reddit 33.56 Bn 30.79 Bn 511.94 Mn 77.17%
6 Pinterest 12.93 Bn 11.63 Bn 768.96 Mn 76.32%
7 Kanzhun 12.77 Bn 10.67 Bn 255.62 Bn 85.23%
8 Match 8.28 Bn 7.26 Bn 653.28 Mn 75.62%
9 Snap 7.91 Bn 5.08 Bn 1.29 Bn 84.37%
10 Zillow 7.56 Bn 6.78 Bn 519.00 Mn 73.31%

Historic Data

Download Data
DateValue
Mar 31, 2026 73.98%
Dec 31, 2025 69.92%
Sep 30, 2025 70.64%
Jun 30, 2025 71.36%
Mar 31, 2025 51.47%
Dec 31, 2024 40.06%
Sep 30, 2024 69.16%
Jun 30, 2024 39.84%
Mar 31, 2024 21.93%
Dec 31, 2023 100.00%
Sep 30, 2023 100.00%
Jun 30, 2023 100.00%
Mar 31, 2023 100.00%
Dec 31, 2022 52.76%
Sep 30, 2022 58.21%
Jun 30, 2022 58.62%
Mar 31, 2022 51.88%
Dec 31, 2021 52.45%
Sep 30, 2021 49.98%
Jun 30, 2021 48.68%